Capital Market
Bucharest Stocks Open Up After Greece Ditches Referendum Plan
Bucharest shares opened higher Friday, tracking international markets which rebounded a day after Greece called off plans for a referendum on the latest rescue package and the European Centr...
Leu In Ranges Vs Euro Amid Quiet Market
Romanian leu traded near 4.35 per euro Friday morning, amid a quiet market, as investors are much calmer after the Greek prime minister called off a referendum on Europe’s latest bailout pac...
BRD Romania 9-Month Net Profit Falls 19% To RON382M
Romania's second-largest lender BRD Societe-Generale (BRD.RO) on Friday said its net profit fell 19% to 382 million lei (EUR90 million) in the first nine months, hit by weak demand and diffi...
Government Has No Consultant To Help With Romtelecom Listing
The Communications Ministry run by the vice-president of the Onesti (eastern Romania) branch of the Democratic-Liberal Party (PD-L) Valerian Vreme has yet to choose a consultant to assist th...
Bucharest Stocks Close Up, Eyes On Lenders
The Bucharest bourse closed Thursday with a slight increase, on moderate traded values, while investors focused mainly on the shares of banks.
Leu Recoups Vs Euro After ECB Slashes Rates
Romania’s leu recovered against the euro in late trade Thursday, amid a positive sentiment in the region after the European Central Bank surprised the markets and cut its key rate by a quart...
Romania Sells RON500M 2-Year Bonds At 7.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 500 million lei (EUR114.7 million) in two-year bonds, at an average yield of 7.23% a year, slightly lower than at the previous auction.
Leu Exchange Rate Falls To 16-Month Low Of 4.3585 Vs Euro
Romania’s leu recouped part of its early losses against the euro by midday Thursday, but the central bank’s reference weakened 0.3% on the day to 4.3585 units, near the all-time low of 4.368...
Mecanica Ceahlau Posts A 9-Mo Net Profit Of RON6.8M
Farming machinery maker Mecanica Ceahlau (MECF.RO) on Thursday reported a nine-month profit of 6.8 million lei (EUR1.6 million), while revenue widened by 52.3% on the year.