Capital Market
Bucharest Stocks Edge Lower Ahead Of ECB Meeting
Bucharest shares retreated modestly in early trade Thursday ahead of a meeting of the European Central Bank, which is expected to put interest rates on hold, as the economic recovery remains...
Leu Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro amid low volumes Thursday morning and traded slightly above 4.24 per euro in the first part of the session.
Cristescu, Bega: External Turmoil Will Last At Least Two More Months
Marius Cristescu, owner of the Bega group, which holds stock exchange-listed companies with a cumulated capitalization of EUR160 million, says business in the first half of the year was affe...
Ausnit: Government Needs To Expand Fondul Proprietatea’s Share Capital
Steven Ausnit, the son of interwar period industrialist Max Ausnit and a major private investor in Fondul Proprietatea (FP.RO), asked the government to add new assets to the fund’s share cap...
Impact Developer&Contractor Considers Shrinking Share Capital
The managing board of realty developer Impact (IMP.RO) proposed the diminishing of share capital by 2.1 million lei (EUR500,000), to RON197.8 million, by cancelling shares bought back over t...
Bucharest Shares End On Upbeat Note, As Wall Street Opens Strong
Shares traded on the Bucharest bourse closed Wednesday with a robust increase, after staying in positive territory throughout the day, as final-lap trading picked up after the strong debut o...
Leu Firms Vs Euro, In Line With Region
Romania’s leu gained modestly versus the euro in an uneventful session Wednesday and closed 0.2% stronger at 4.2375/4.239 units, from 4.2465/4.25 units a day earlier.
Turism Felix Invests EUR20M In Five-Star Spa Hotel
Hotel operator Turism Felix (TUFE.RO) on Wednesday said it will invest EUR20 million in Romania’s first five-star spa hotel, which will be launched at the end of next year.
Leu Widens Gains Vs Euro, Exchange Rate At 4.2353
Romania’s leu continued to gain versus the euro in mid trade Wednesday and the central bank’s reference strengthened almost 0.4% to 4.2353 units, from 4.251 units a day earlier.