Capital Market
BRD Is Not Planning Any Layoffs - Official
Romanian lender BRD-Groupe Societe Generale (BRD.RO) has not laid off any staff and it is not planning staff cuts, Monday said Sorin Popa, executive officer within the bank, answering media...
Energy, Bank Stocks Lead Bucharest Bourse 4% Lower
The Bucharest bourse closed deep in the red Monday, following the pattern of international markets, on fears that Moody’s may downgrade French banks because of their exposure to Greek govern...
Leu Dips Vs Euro On Low Volumes
Romania’s leu recovered slightly against the euro in late trade Monday, but closed 0.2% weaker amid a negative sentiment in the region, on low volumes.
Romania Sells RON1.2B 1-Year T-Bills At 6.76% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1.2 billion lei (EUR280 million) in one-year treasury bills, at an average yield of 6.76% a year, slightly higher than at the previous auc...
Leu Exchange Rate Falls To 4-Week Low Of 4.2805 Vs Euro
Romania’s leu traded near 4.28 per euro in the first half of Monday’s session and the central bank’s reference weakened 0.35% to 4.2805 units, the lowest rate in one month.
Altur To Take Out RON14M Loan From Raiffeisen Bank
Romanian car parts maker Altur Slatina (ALT.RO) on Monday said it will take out a 14 million lei (EUR3.28 million) loan from Raiffeisen Bank, to upgrade production.
Bucharest Stocks Open Lower On Negative Sentiment
Bucharest shares opened lower Monday, in line with international markets, amid renewed concern over the European sovereign debt crisis.
Leu Opens Down Vs Euro, Follows Neighbors
Romanian leu opened lower against the euro Monday, mirroring the currencies in the region, amid higher aversion to risk from investors.
Open-End Fund Assets Rise 1% M-M In Aug, To RON6.9B
The value of assets held by local open-end investment funds rose 1% on the month in August, to 6.871 billion lei (EUR1.61 billion), from RON6.804 billion in July, according to data published...