Capital Market
Oltchim Maintains Furlough For 1,000 Employees
Some 1,000 employees of Romanian chemical plant Oltchim (OLT.RO) will be kept on furlough in October, for the third month in a row, because of raw material and working capital shortages, the...
Bucharest Stocks Close Down, SIFs Lose 3%
The Bucharest bourse closed down Friday below par, with a sharper decline posted by the five regional investment funds (SIFs), but the traded values were reduced, driven only by Fondul Propr...
Romania Plans To Sell RON4.2B Treasuries In October
Romania’s Finance Ministry plans to sell state paper worth 4.2 billion lei (roughly EUR965 million) in October, up from RON3.13 billion sold a month earlier, ministry data showed Friday.
SIF Banat-Crisana Calls Shareholder To Vote On BCR Stake Sale
The managing board of regional investment fund SIF Banat-Crisana (SIF1.RO) called a shareholder meeting for November 3, to discuss options for the stake held in lender BCR, at the beckoning...
Leu Exchange Rate Slides Further To 4.3533 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Friday and the central bank’s reference fell 0.7% on the day to a fresh 15-month low of 4.3533 units.
Bucharest Stocks Down In Early Trade On Low Volumes
Bucharest shares were mostly lower Friday morning, in line with international markets and amid scarce liquidity.
Leu Opens Down Vs Euro, Attuned To Region
Romania’s leu retreated to 4.35 against the euro Friday morning, amid mounting woes over the sovereign debt crisis in the euro zone as investors are not persuaded the EU leaders can come wit...
Bucharest Bourse Introduces Physically Delivered Gold Futures
Investors will be able to bet on gold prices and take home the metal starting October, when the first physically delivered gold futures contracts begin trading.
Leading Broker: We Want To Modernize The Capital Market
KBC Securities, the largest brokerage firm on the Romanian capital marmet, previously held by Belgium’s KBC, is now controlled by Bogdan Juravle and Sorin Apostol, each holding 47.5% of the...