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Energy

Rompetrol Well Services 9-Month Net Profit Rises To RON10.8M

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Thursday said its net profit inched up 1.8% to 10.8 million lei (EUR2.5 million) in the first nine m...

Florentina Dragu · 10.11.2011 · 11:59 · 1 min
Capital Market

Vae Apcarom Jan-Sep Net Profit Up 8% To RON5.2M

Romanian rolling stock maker Vae Apcarom Buzau (APC.RO), owned by Austria's Voestalpine, Thursday reported net profit of 5.2 million lei (EUR1.2 million) for the first nine months, up 8% on...

Bogdan Neagu · 10.11.2011 · 11:56 · 1 min
Banca Carpatica Loss Narrows To RON25M In Jan-Sep
Banks-Insurance

Banca Carpatica Loss Narrows To RON25M In Jan-Sep

Romanian lender Banca Comerciala Carpatica (BCC.RO) Thursday said its loss narrowed 78.3% to 24.97 million lei (EUR5.9 million) in the first nine months, aided by lower risk costs.

Florentina Dragu · 10.11.2011 · 11:33 · 1 min
Capital Market

Bucharest Stocks Open Lower On European Debt Woes

Bucharest shares opened lower Thursday, tracking international markets, on yet renewed fears over the European sovereign debt after Italy’s borrowing costs rose to over 7% a year, a threshol...

Florentina Dragu · 10.11.2011 · 11:33 · 1 min
Bucharest Bourse 9-Mo Net Profit More Than Doubles To RON15.8M
Capital Market

Bucharest Bourse 9-Mo Net Profit More Than Doubles To RON15.8M

The Bucharest Stock Exchange (BVB.RO) Thursday said its net profit more than doubled on the year to 15.81 million lei (EUR3.7 million) in the first nine month, largely fueled by higher volum...

Florentina Dragu · 10.11.2011 · 11:15 · 1 min
Capital Market

Leu Down Vs Euro In Early Trade

Romania’s leu dipped to 4.36 per euro Thursday morning, after it fell to 4.37 per euro in pre-trade, and dealers believe the central bank could step in to support the leu for the second stra...

Florentina Dragu · 10.11.2011 · 11:11 · 1 min
Transelectrica 9-Month Net Profit Rises To RON153.4M
Energy

Transelectrica 9-Month Net Profit Rises To RON153.4M

Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday said its net profit soared to 153.4 million (EUR35.2 million) in the first nine months, from RON5.17 million a year ea...

Florentina Dragu · 10.11.2011 · 10:27 · 1 min
Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses
Energy

Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses

Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, t...

Andrei Chirileasa · 10.11.2011 · 00:00 · 5 min
3 Million Farmers Will Check Wheat Price On Bucharest Stock Exchange
Capital Market

3 Million Farmers Will Check Wheat Price On Bucharest Stock Exchange

The Bucharest Stock Exchange (BVB.RO) on Thursday launches a wheat futures contract that will offer farmers a reference for the price of wheat, which they can use to sell their crop.

Adrian Cojocar · 10.11.2011 · 00:00 · 2 min