Capital Market
Leu Slips Vs Euro On Negative Sentiment
Romania’s leu lost almost 0.2% against the euro in a quiet market Wednesday, amid a negative sentiment in the region after Moody’s downgraded two French banks, adding to worries about financ...
CNVM Limits Chelu Group Voting To 33% At Edible Oil Maker Argus
Romanian securities regulator CNVM on Wednesday decided to limit the voting rights, to 33%, for shareholders acting in concert with businessman Catalin Chelu, a group that controls a total 4...
UniCredit CA-IB Securities Appoints New General Manager
Romanian brokerage firm UniCredit CA-IB Securities appointed Ioana Tanase as general manager, starting Wednesday, replacing Liviu Giugiumica who resigned in May, people close to the matter t...
Leu Exchange Rate Falls To 2011 Low Of 4.2886 Vs Euro
The Romanian leu retreated against the euro in the first half of Wednesday’s session, amid growing aversion to risk in the region, and the central bank’s reference weakened to 4.2886 units,...
Romania Takes Rompetrol To Court Over Bond Conversion
Romania’s second largest oil refinery Rompetrol Rafinare (RRC.RO) Wednesday said the state has filed legal action against its decision to increase the company’s share capital through bond co...
Bucharest Stocks Up, Oblivious To French Woes
The Bucharest bourse opened Wednesday with a slight increase, despite the global downward trend started after rating agency Moody’s downgraded two major French banks.
Leu Weakens Vs Euro, On French Bank Downgrades
The Romanian leu opened Wednesday weaker against the euro, in line with other currencies in the region, on increased risk aversion after Moody's downgraded the ratings of French banks Societ...
Erste Puts EUR600M In Cash And Shares On SIFs’ Table
Erste could announce the offer for 30% in Romania’s largest lender BCR over the next few days. If the deal comes through, Romania will lose the unique opportunity of having its largest bank...
Mihai Miron, Ropharma: Now Is Time To Buy, I Have No Intention Of Selling
Mihai Miron, one of the best-known entrepreneurs in the drug industry, plans to grow his Ropharma pharmacy chain to 115 by the end of this year, from 99 at the end of 2010.