Capital Market
Oltchim Sends 1,000 Employees Into Furlough
Romanian state-run chemical plant Oltchim on Monday announced it will sent some 1,000 employees into furlough, between November 15 and 30, continuing a cost cut program launched in August be...
Bucharest Stocks Rise, Focus On Financials
Bucharest-listed shares were in green territory in the first part of Monday session, in line with the main European exchanges, while investors turned again for major liquidity drivers on the...
Leu Up Vs Euro In Early Trade, In Line With Region
The Romanian leu inched higher against the euro in early trade Monday, on a positive sentiment in the region, as the formation of new governments in Greece and Italy renewed hopes of new sol...
SIF Oltenia 9-Month Revenue Falls To RON98M
Romanian regional investment fund SIF Oltenia (SIF5.RO) Friday reported total revenue of 97.9 million lei (EUR23.2 million) in the first nine months, down 31.8% on the year.
Leu Closes Below 4.35 Vs Euro Amid Low Volumes
Romania’s leu traded below 4.35 per euro in late session Friday, amid low volumes, and closed slightly stronger on the day, with dealers suspecting new interventions from the central bank to...
Electroarges Raises Share Capital To RON6.2M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) increased its capital by 3.33 million lei (EUR0.76 million) to RON6.19 million, the company said in a statement Fr...
Bucharest Stocks Close Up, SIFs Maintain Growth Pace
The Bucharest bourse closed up Friday, on reduced traded volumes, while the bulk of activity focused on the main investment funds and lender Erste Group Bank (EBS.RO).
Transport Ministry Calls Off Bid To Select Broker For Tarom IPO
Romanian Transport Ministry has canceled the auction to select a broker for the sale of a 20% stake in state-run airline Tarom, citing lack of interest from brokerage houses.
UAMT Oradea 9-Month Net Profit Rises To RON0.19M
Romanian car parts maker UAMT Oradea (UAM.RO) Friday reported a net profit of 187,494 lei (EUR43,105) for the first nine months, up 17.5% from RON220,209 in the same period of 2010.