Capital Market
Leu Lower Vs Euro In Early Trade
Romanian leu retreated against the euro Friday morning, amid low volumes, with investors reluctant to bet on either direction of the exchange rate on the longer run.
Finance Ministry Set To Exit Fondul Proprietatea In October
The last 827 million shares the Romanian Government still holds in investment fund Fondul Proprietatea (FP.RO) will be used up for compensations to former owners in two months at most.
Last Attempt By SIFs To Strike Deal With Erste On BCR Shares
The five regional investment funds (SIFs) are increasingly pressured by the approaching deadline to decide on the fate of the 30.1% stake in Romania’s largest bank, BCR. The SIFs met with Er...
Bucharest Shares Close Down, SIFs Buck Trend
The Bucharest bourse closed Thursday with a decline, on moderate to low traded values, but the regional investment funds, or SIFs, managed to end in positive territory.
Leu Weakens Vs Euro On Negative Sentiment
Romania’s leu fell against the euro amid low volumes Thursday, tracking the currencies in the region, and closed 0.3% weaker at 4.25/4.252 units, from 4.2375/4.239 units a day earlier.
Leu In Ranges Vs Euro, Exchange Rate At 4.2457
Romania’s leu traded near 4.24 per euro in the first half of Thursday’s session and the central bank’s reference weakened to 4.2457 units, from 4.2353 units a day earlier.
Malaxa Heir Sold 0.2% Proprietatea Shares In August, For RON11M
The largest individual shareholder in Romanian investment fund Fondul Proprietatea (FP.RO), Georgia Palade van Dusen, sold some 0.2% of the fund’s shares in August, for a total 11 million le...
Foreigners’ Holding In Romanian Proprietatea Fund Up To 43% In August
Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 43.04% in August, from 39.9% a month earlier, the fund said in a statement Thursday.
Oltchim Names New Board Chairman
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) appointed Constantin Dascalu as new chairman of the board, the company said in a statement Thursday.