Capital Market
Leu Recoups Vs Euro On Positive Sentiment
Romania’s leu recovered early losses against the euro in late trade Tuesday, amid a positive sentiment in the region as EU officials prepare new measures to contain the debt crisis.
CNVM Forces New Shareholder Meeting At Argus
Romanian securities regulator CNVM gave edible oil maker Argus Constanta (UARG.RO) 45 days to hold a shareholder meeting, claiming that the company’s previous meeting unlawfully restricted t...
Economy Ministry Extends Bidding Deadline For Transelectrica SPO Until Oct 6
Romanian Economy Ministry has delayed until October 6 the deadline by which brokers can file bids to run a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO),...
Leu Exchange Rate Hits 10-Month Low Of 4.3112 Vs Euro
Romania’s leu fell against the euro by mid trade Tuesday, pushed down by growing orders for foreign currency, and the central bank’s reference weakened 0.3% to 4.3112 units, the lowest rate...
Minor Stake In Ropharma Sold On Bucharest Bourse For RON10.9M
Two stakes cumulating 6.35% in medicine wholesaler Ropharma Brasov (RPH.RO) were sold Tuesday on the Bucharest Stock Exchange’s deal market for a total 10.9 million lei (EUR2.5 million), bou...
Bucharest Stocks Open Up, In Line With Peers
The Bucharest bourse opened Tuesday with an increase, after three consecutive sessions of recoil, given a confidence boost from European markets, which opened on an upward trend as well.
Leu Opens Flat Against Euro, Trading Stays Low
The Romanian leu opened Tuesday roughly flat compared to closing levels in the previous session, on a quiet market with low traded volumes.
Amid European Mayhem, Bucharest Bourse GM Pins Hopes On Transelectrica Offer
Valentin Ionescu, the general manager of the Bucharest Stock Exchange (BVB), the main bourse operator on the Romanian capital market, is still hoping the government will put 15% in Transelec...
Cord Buzau Increases Capital To RON52.4M
Romanian metallic cord and wire manufacturer Cord Buzau (CORZ.RO) increased its share capital by 13.05 million lei (EUR3.03 million) to RON52.37 million, the company said in a statement Mond...