Capital Market
Bucharest Stocks Close Up, SIFs Drive Trades
The Bucharest bourse closed slightly up Thursday, on above-average traded values, lifted by the five regional investment funds, or SIFs, which continued their strong increase tendency from t...
Romania Sells RON180M 3-Year Bonds At 7.5% Average Yield
Romania’s Finance Ministry on Thursday sold 180.1 million lei (roughly EUR42 million) in three-year bonds, well below the planned amount, while the average yield rose to 7.49% a year.
Leu Partly Recoups Vs Euro, But Exchange Rate Falls To 4.294
Romania’s leu recovered part of its early losses against the euro by mid trade Thursday, but the central bank’s reference weakened slightly to 4.294 units, a fresh low of 2011.
SIF Transilvania Calls Shareholders To Approve BCR Stake Sale
The managing board of regional investment fund SIF Transilvania (SIF3.RO) called shareholders to meet on October 31 and approve the sale of a 6% stake in lender BCR, the fund said Thursday i...
Bucharest Stocks Open Up, Players Scramble To Trade In SIFs
The Bucharest bourse opened Thursday in the green, on strong trading, while players focused mainly on the five regional investment funds, or SIFs.
Leu Opens Weaker Vs Euro, Regains Footing Early
The leu opened Thursday lower against the euro, weakened on international markets, but it soon regained some of the ground lost, amid an apathetic market.
Erste To Buy 24% In BCR From 4 SIFs For About EUR435M
Austrian lender Erste Group Bank (EBS.RO) Wednesday said it will acquire 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of...
Moara Cibin Sales Double To RON54.1M In 1H
Romanian milling company Moara Cibin (MOIB.RO) Wednesday said its sales more than doubled to 54.1 million lei (EUR12.9 million) in the first half, from roughly RON26 million in the year-earl...
Bucharest Stocks Close Up, SIFs Lead Rise
The Bucharest bourse closed Wednesday in positive territory, while the five regional investment funds, or SIFs, spearheaded the upward motion seen all around.