Capital Market
Romania Might Cap Compensation To Persons Abusively Expropriated During Communist Period
Romania’s Finance Ministry is analyzing the prospect of capping compensation awarded to former owners of property nationalized during the communist regime, considering that other solutions w...
Leu In Ranges Vs Euro, Exchange Rate At 4.271
Romania’s leu traded in ranges against the euro by mid-day Friday, while the central bank’s reference strengthened over 0.5% to 4.271 units, from this year’s low of 4.294 units a day earlier...
Erste Says Buyout Offer For 24% In BCR As Good As It Gets
Austrian Erste Group Bank AG (EBS.RO) Friday said its buyout offer for 24% in Romanian BCR from four SIF minority shareholders expires once the last of the SIFs has held their meeting on the...
Bucharest Stocks Open Up, On Low Volumes
The Bucharest bourse opened Friday with an increase, following a global upward trend spurred by recent news of synchronized measures by large central banks against funding shortage.
Leu Opens Flat Vs Euro, In Quiet Market
The Romanian leu opened roughly flat against the euro Friday, in a quiet market, after strengthening significantly at closing the day before, on news of synchronize action by major central b...
SIFs Get Much Less Than BCR Employees For Their Shares After Five Years Of Waiting
Erste has finally persuaded four of the five regional investment funds (SIFs) to sell their stakes in BCR after more than one year of negotiations, but the Bucharest bourse loses one on the...
SIFs' Net Assets Down 5.2% To RON6.74B In August
Romania’s five regional investment funds (SIFs) reported combined net assets worth 6.74 billion lei (EUR1.56 billion) in August, down 5.2% from a month earlier.
Proprietatea Fund Net Asset Falls To RON15.3B In August
Romanian investment fund Fondul Proprietatea Thursday said its net asset value fell 2.8% to 15.35 billion lei (EUR3.63 billion) in August, from RON15.99 billion a month earlier.
Leu Ends Higher Vs Euro As ECB Moves To Auction Dollars
Romania’s leu strengthened against the euro in late trade Thursday, tracking the currencies in the region, and closed 0.5% higher on the day after news that the European Central Bank will pr...