Capital Market
Leu Edges Higher Vs Euro In Early Trade
Romania’s leu gained meagerly against the euro in early trade Tuesday and traded near 4.35 per euro in the first part of the session, amid low volumes.
SIFs Surge At Bucharest Opening Bell, On Ownership Cap Talks
Shares of the five Romanian regional investment funds, or SIFs, opened sharply higher Tuesday, after a Parliament committee voted in favor of raising the maximum ownership limit in the funds...
Manchester Securities Corp Becomes Largest Shareholder In Fondul Proprietatea
The Finance Ministry transferred a total 1.65% in investment fund Fondul Proprietatea (FP.RO) in October, as compensation, which narrowed the state’s stake in the fund to 5.93%, while privat...
Private Equity Firms Still Have EUR1B Available For Romania Investments - Oresa Ventures
Private equity funds have invested EUR3 billion in Romania so far and they still have EUR1 billion available to take over local companies, but deals are blocked by the local entrepreneurs' r...
Romania To Sell Majority Stakes In Electrica Units, IMF Says
Romanian government has agreed to sell its majority stakes in three units of state-run power company Electrica and to privatize the country’s planned energy holdings Oltenia and Hunedoara, a...
Romanian Leu Ends Stronger Vs Euro, After Stable Trade
The Romanian leu remained stable against the euro in late trade Monday and maintained the ground gained earlier in the session, amid moderate traded values.
Bucharest Stocks Close Up, Eyes On Investment Funds
The Bucharest bourse closed up Monday, with the bulk of trades targeting shares of Fondul Proprietatea (FP.RO) and of the five regional investment funds, or SIFs.
SIF Moldova Requests BCR's Floating
Management at Romanian lender BCR added a new item on the shareholder meeting agenda set for November, namely talks on the floating of BCR stock, requested by regional investment fund SIF Mo...
Romania Sells RON1B 1-Year T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1 billion lei (EUR229 million) in one-year treasury bills, at an average yield of 6.64% a year, lower than at the previous auction.