Capital Market
Conpet 9-Month Net Profit Falls 19% To RON28.7M
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Wednesday reported a 19% drop in its net profit to 28.7 million lei (EUR6.6) in the first nine months, from RON35.4 million in th...
Leu Ends Flat Vs Euro On Suspected Central Bank Intervention
Romania’s leu moved in closed ranges against the euro Wednesday and ended flat on the day amid rising volumes, with dealers suspecting a covert intervention from the central bank to prop the...
Bucharest Stocks Close Down, After Lackluster Session
The Bucharest bourse closed Wednesday slightly below par, with investors focusing mainly on Fondul Proprietatea (FP.RO), Erste Group Bank (EBS.RO) and the five regional investment funds, or...
Romanian Open-End Fund Assets Drop 1.4% In October, To RON6.89B
Romanian open-end investment funds reported cumulated net assets of 6.89 billion lei (EUR1.58 billion) in October, down 1.4% on the month, while foreign investment funds distributed on the l...
Leu In Ranges Vs Euro, Exchange Rate At 4.3534
Romania’s leu traded in ranges against the euro by midday Wednesday and the central bank’s reference gained slightly to 4.3534 units, from 4.3537 units a day earlier.
Bread Maker Titan Swings To RON7.6M Profit In Jan-Sep
Romanian grain mill products maker Titan (MPN.RO) on Wednesday reported a net profit of 7.57 million lei (EUR1.73 million) in the first nine months, compared to a loss of RON2.56 million in...
Comelf Bistrita 9-Month Pretax Profit Quadruples To RON2M
Romanian mining machinery maker Comelf Bistrita (CMF.RO) on Wednesday reported a pretax profit of 2.1 million lei (around EUR450,000) for the first nine months of 2011, compared to some RON0...
SIF Banat-Crisana Signs Deal To Sell BCR Stake To Erste
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Tuesday signed a deal with Erste Group Bank (EBS.RO) to sell the stake it owns in lender BCR, under terms approved in a share...
Erste, BCR Lend EUR50M To Four Mechel Units In Romania
Erste Group Bank (EBS.RO) and its Romanian arm Banca Comerciala Romana, or BCR, are granting a EUR50 million loan to four companies owned by Russian steel giant Mechel in Romania, to refinan...