Capital Market
Leu Slightly Up Vs Euro, Exchange Rate Slides To 4.2843
Romanian leu gained modestly versus the euro in mid trade Tuesday, but the central bank’s reference weakened to 4.2843 units, from 4.2792 units a day earlier.
Bucharest Stocks Open Almost Flat, On Modest Trading
The Bucharest bourse opened slightly down Tuesday, but soon returned into positive territory on moderate activity, focused mainly on the large investment funds, which pushed higher.
Leu Dips Vs Euro, On EU Political Woes
The Romanian leu opened inches weaker against the euro Tuesday, amid market tension caused by political sparring across Europe that delay a response against the government debt crisis.
Carlson Ventures Considers Withdrawing From Oltchim
British investment fund Carlson Ventures International, which holds a 14.05% stake indirectly in Romanian chemical company Oltchim (OLT.RO), on Tuesday said it is considering selling its par...
SIF Shareholders: We Are Disappointed By Erste’s Offer
The shareholders of the five regional investment funds (SIF) say they are disappointed with the price offered by Austrian group Erste to take over 24.12% in BCR. They have yet to decide how...
Catalin Chelu At War With SIF Oltenia Over Argus Constanta
SIF Oltenia (SIF5.RO) and businessman Catalin Chelu are engaged in one of the fiercest fights on the stock market, throwing accusations at each other and dragging important institutions into...
Bucharest Stocks Fall, Trading Stays Low
The Bucharest bourse closed Monday in the red, on reduced traded values, with the five regional investment funds, or SIFs, diving more than 4% on average.
Rompetrol Rafinare To Halt Production Oct 22-Nov 3 For Upgrade Works
Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, Monday said it will halt production during October 22-November 3 for scheduled wo...
Leu Moves Lower Vs Euro As Risk Aversion Rises
Romania’s leu retreated against the euro in late trade Monday, tracking the currencies in the region, amid renewed fears that Greece could default on its debt.