Capital Market
Leu Opens Flat Vs Euro, On Corporate Trading
The Romanian leu opened Wednesday with an insignificant increase against the euro, in a quiet market where activity came mainly from banks trading for corporate clients.
Bucharest Stocks Open Up, In Quiet Market
The Bucharest bourse opened Wednesday with an increase, on low traded volumes, with OMV Petrom’s (SNP.RO) record profit in the backdrop.
OMV Petrom 9-Mo Profit Doubles On Year To RON2.9B
Oil group OMV Petrom (SNP.RO) on Wednesday reported a net profit of 2.921 billion lei (EUR694.5 million) for the first nine months of the year, doubled on the year, while sales rose 23% to R...
Leu Closes Flat Vs Euro, Amid Market Apathy
The Romanian leu registered some unnoticeable oscillation in late trade Tuesday and it closed roughly flat against the euro, on low traded volumes.
SIFs Close Up 5.5% In Bucharest On Expectations Of Ownership Limit Increase
The five regional investment funds, or SIFs, closed up 5.5% in Bucharest as players moved on news that a Parliament committee has agreed to raising the maximum ownership limit to 5%, while t...
Franks, IMF: Would Have Waited A Few Months Before Slashing Rates
Romania's central bank could have waited a few more months to see if the disinflation process takes hold before lowering its main interest rate, Jeffrey Franks, head of the IMF mission to Bu...
Transelectrica Scrambles To Fund Power Grid Upgrade For Wind Farm Inclusion
Linking wind farms to the national power grid requires an investment of more than EUR500 million, and state-owned Transelectrica (TEL.RO), the grid’s operator, lacks the funds, which means s...
Leu Stable Vs Euro, Exchange Rate At 4.3537
Romania’s leu moved in tight ranges against the euro by midday Tuesday and the central bank’s reference nudged higher to 4.3537 units, from 4.354 units a day earlier.
Dafora Inks RON5M Drilling Deal With Aurelian Oil&Gas
Romanian drilling company Dafora Medias (DAFR.RO) was awarded a 5 million lei (EUR1.14 million) drilling contract at the Horodnic 1 well in Suceava county, owned by British Aurelian Oil&Gas.