Capital Market
Bucharest Stocks Close Down, On Average Trading
The Bucharest bourse closed down Monday, on reduced interest, while investment fund Fondul Proprietatea provided half of the overall traded value.
Leu Dips Vs Euro On Rising FX Demand
Romania’s leu retreated against the euro in late session Monday, amid growing demand for foreign currency, and closed slightly weaker at 4.3045/4.3075 units.
Labor Ministry Reduces Capital Requirement For New Private Pension Providers To EUR5M
Romanian companies looking to operate as private pension providers will need to have a minimum share capital of EUR5 million, half the amount proposed in December 2010, according to a new bi...
Bucharest Bourse Allows 25% Variation On Erste Shares
The Bucharest bourse on Monday raised the maximum variation limit to 25% on Erste Group Bank (EBS.RO) stocks, as opposed to the usual 15% ceiling, since the lender’s stock price rose above t...
Romania Rejects All Bids In 6-Month Bills Sale
Romania’s Finance Ministry on Monday rejected all bids in a 400 million lei (EUR93 million) six-month bills auction, citing high yields.
Leu In Ranges Vs Euro, Exchange Rate At 4.2984
Romania’s leu traded in ranges against the euro by midday Monday and the central bank’s reference won 0.2% to 4.2984 units, from 4.3072 units in the previous session.
Leu Opens Flat Against Euro, On Low Trading
The Romanian leu opened Monday roughly flat against the euro, on low traded volumes, but weakened slightly in the first part of the session.
Bucharest Stocks Open Down, On Moderate Trading
The Bucharest bourse opened Monday slightly below par, on moderate traded values, with the five regional investment funds, or SIFs, falling 2% on average.
Fondul Proprietatea Shareholders To Decide On Warsaw Listing In November
Franklin Templeton, the manager of the EUR3.6 billion assets of Fondul Proprietatea (FP.RO), expects the next general meeting of shareholders (AGA) to take place in November.