Capital Market
Bucharest Stocks Close Down, Despite International Upward Trend
The Bucharest bourse closed Wednesday with a decline, on average trading, despite an upward tendency seen by markets across the globe, as players feared volatility and turned to bonds.
ING Pension Fund Buys 5.5% Stake In Drug Wholesaler Ropharma
An ING private pension fund bought Tuesday a 5.5% stake in medicine wholesaler Ropharma Brasov (RPH.RO), for 9.2 million lei (EUR2.1 million), from companies controlled by businessman Mihai...
Leu’s Exchange Rate Falls To 15-Month Low Of 4.321 Vs Euro
Romania’s leu continued to retreat against the euro by mid trade Wednesday, tracking the currencies in the region, while the central bank’s reference fell 0.2% to 4.321 units, the weakest ra...
Romania Wants Daewoo To Fund Mangalia Shipyard With $70M
The shareholders of southeast Romanian shipyard Daewoo Mangalia Heavy Industries, or DMHI, have started negotiations on an increase of share capital, where the South Korean investors would c...
Bucharest Stocks Flat In Early Trade, Amid Market Apathy
Bucharest-listed shares were traded Wednesday at levels near previous closing prices, on reduced interest, mainly focused on financial stocks.
Leu Opens Weaker Vs Euro, On Negative Sentiment
The Romanian leu opened weaker against the euro Wednesday, on negative international sentiment based on news of a larger haircut for Greek bonds.
Audas Piscator, A Mutual Fund With 14% Yield In One Month
Diversified fund Audas Piscator, one of the smallest on the market, is the top performer among mutual funds with a 14% return in euros over the past month. The strategy behind the solid perf...
SIF Banat-Crisana Forced To Call Shareholder Meet On BCR Stake
Romanian securities commission CNVM Tuesday said investment fund SIF Banat-Crisana (SIF1.RO) has 45 days to call a shareholder meeting to present possible strategies for capitalizing its 6%...
Bucharest Stocks Surge Before Closing, Financials Lead Way
The Bucharest bourse closed Tuesday with a solid increase, as the U.S. markets opened stronger on renewed hope the European leaders will find a solution for Greece's debt woes.