Capital Market
First Deal With BCR Stock: SIF Muntenia To Sell 3.8% To Erste For Some EUR60M
Romanian regional investment fund SIF Muntenia (SIF4.RO) Friday said it will sell a 3.77% stake in lender Banca Comerciala Romana (BCR) this year, for 70.1 million lei (EUR16.2 million) and...
Leu Opens Flat Vs Euro, Amid Region-Wide Apathy
The Romanian leu opened flat against the euro Friday, in a market with little-to-no activity, while other currencies in the region were seeing similar evolutions in a similar context.
Bucharest Stocks Open Down, Eyes On Financials
The Bucharest bourse opened Friday slightly in the red, with moderate activity, while investors focused mainly on the main investment funds and on Erste Group Bank (EBS.RO) shares.
Debt Crisis Wiped Half A Billion Euros Of Romanian Banks’ Capitalization
The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the...
Fresh Start For Timpuri Noi In New Location Near Bucharest After EUR10M Investment
Timpuri Noi, one of the symbols of the Bucharest industry, has recently inaugurated its new plant in Jilava, near the capital city, in which it invested almost EUR10 million.
Ductil Buzau Feels New Crisis As Orders Drop In September
The decline in orders received by the electrode maker Ductil signals a slowdown of the industry, which has born the burden of the economic rebound of the past year. The management is not too...
SIF Muntenia Sells 6% Stake In BCR To Erste Bank - Sources
Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday sold its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), under terms similar to the...
Raiffeisen Keeps ‘Buy’ Recommendation On SIFs, Cuts Target Prices
Raiffeisen Capital & Investment Thursday left its recommendation on Romania’s five regional investment funds SIFs unchanged at “buy”, but lowered the 12-month target prices for the funds’ sh...
Leu Dips Vs Euro On Negative Sentiment
Romania’s leu weakened slightly against the euro Thursday, amid a negative sentiment in the region, and closed 0.15% lower on the day at 4.3195/4.321 units.