Capital Market
Leu Gains Modestly Vs Euro In Early Trade
Romania’s leu edged higher against the euro in early trade Thursday, pulling strength from international markets, but was pushed back by higher sales as investors took profits.
Bucharest Stocks Open Up, SIFs Continue Recovery
The Bucharest-listed shares were up in early trade Thursday, with the five regional investment funds (SIFs) adding 2% to yesterday's gains, after a 7% slump Tuesday.
BCR-Intercapital-Swiss Capital Consortium Files Single Bid For Transelectrica SPO
A consortium made of investment companies BCR, Intercapital Invest and Swiss Capital Thursday has submitted the only offer on file to broker the sale of a 15% stake in Romanian state-run pow...
OMV Petrom Starts Commercial Operations At SE Romania Wind Farm
Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said it has commenced commercial operations at its wind farm in Dorobantu locality, in southern region of Dobrogea.
OMV Petrom Extends Oil Price Hedges Into 2012
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil price...
Former DIICOT Prosecutor Appointed To Run Property Restitution Authority
Dorina Danielescu, a former chief-prosecutor with DIICOT (Directorate for the Investigation of Organized Crime and Terrorism), is the new president of the National Property Restitution Autho...
Bucharest Stocks End Three-Day Losing Streak, With 0.5% Increase
Shares traded on the Bucharest Stock Exchange closed Wednesday with a modest increase, after a three-day long downward trend, on moderate trading values.
Ionescu, BVB: Romania Should Sell Transelectrica, Transgaz Stakes Below Market Price
Romania needs to go below the market price when selling 15% stakes in Transelectrica (TEL.RO) and Transgaz (TGN.RO), to make sure that investors bid, Wednesday said Valentin Ionescu, general...
Leu Ends Higher Vs Euro, In Line With Neighbors
Romania’s leu gained 0.3% versus the euro Wednesday, amid a positive sentiment in the region after the EU finance ministers agreed on a coordinated response to protect the banking system aga...