Capital Market
Bucharest Shares Fall In Early Trade, Erste Down 15%
Bucharest-listed shares opened down Monday and accentuated their falls after half an hour, while Erste Group Bank (EBS.RO) lost 15% as it announced a package of extraordinary charges that wi...
Erste Plans EUR700M Write-down Of Romania Goodwill
Austria’s Erste Group Bank AG (EBS.RO) Monday said it will partially write down its Romania-related goodwill by EUR700 million pre-tax, reflecting a slower-than-expected economic recovery.
Leu Flat Vs Euro In Early Trade
Romania’s leu traded in narrow ranges against the euro Monday morning, amid low volumes, whereas its peers in the region were moving higher after French-Belgian bank Dexia agreed to a rescue...
International Turmoil Drives Forex Transactions To Over EUR38B In September
The volumes traded on the Bucharest forex market exceeded EUR38 billion in September, the highest level since January 2009, because of the high volatility of the leu caused by the turmoil on...
US Fund Holds More Than Romania In Proprietatea Fund
An investment fund controlled by American hedge fund Elliott Associates, has recently been reported as the largest institutional shareholder of investment fund Fondul Proprietatea, with 6.61...
Bucharest Stocks Close Week En Fanfare, BET Gains 6%
The Bucharest bourse closed sharply higher Friday, shrugging off losses at the start of the week, with blue-chips leading the gains.
Leu Up Vs Euro After US Jobs Report
Romania’s leu moved higher against the euro in late trade Friday, tracking regional markets after the US authorities said companies increased their headcount by over 100,000 in September.
Minor BRD Stake Sold On Bucharest Bourse's Deal Market For RON23M
A 0.28% stake in lender BRD-Groupe Societe Generale (BRD.RO) was traded Friday on the Bucharest Stock Exchange’s deal market for 23.1 million lei (EUR5.3 million), 2.63% above the market pri...
Leu In Ranges Vs Euro, Exchange Rate At 4.3146
Romania’s leu traded around 4.31 per euro by midday Friday and the central bank’s reference weakened slightly to 4.3146 units, from 4.3128 units a day earlier.