Capital Market
Bucharest Shares Close High, Eyes On BRD
The Bucharest bourse closed Wednesday with an increase, after a session-long upward tendency, while lender BRD-Groupe Societe Generale (BRD.RO) overtook investment fund Fondul Proprietatea (...
Leu Dips Vs Euro On Higher Forex Demand
Romania’s leu weakened slightly against the euro Wednesday, pushed down by foreign currency buy orders, and closed at 4.2245/4.227 units, from 4.219/4.2205 units a day earlier.
Economy Ministry: State-Run Companies To Invest RON16.7B By Yearend
The Romanian Economy Ministry on Wednesday announced that 18 companies it controls will complete investment worth a total 16.7 billion lei (EUR3.9 million) between July and December 2011, tw...
Oltchim Keeps President Until Next Shareholder Meeting
Romanian chemical company Oltchim (OLT.RO) did not appoint a new board president on Tuesday, thus Constantin Roibu stays on as interim board president until the next meeting.
Leu Steady Vs Euro, Exchange Rate At 4.2228
Romania’s leu traded near 4.22 per euro in the first half of Wednesday’s session and the central bank’s reference weakened unnoticeably to 4.2228 units, from 4.2219 units a day earlier.
Romania To Hire Advisor On USD Bond Issue By September 6
Romania’s Finance Ministry is looking to hire a legal advisor to extend its medium term notes (MTN) program by including US dollar-denominated bonds, the ministry said in a statement Wednesd...
Romanian Shares Open Undecided, SIFs Rise
Shares traded on the Bucharest Stock Exchange opened Wednesday below par, on little to no trading, while the five regional investment funds, or SIFs, were seeing significant gains.
Leu Opens Stronger Vs Euro, Weakens Early
The leu edged up against the euro at opening Wednesday, but it soon lost the ground gained, as players started buying euro.
Government To Approve Fiscal Code, Heating Aid Act, Sale Of Electrica Stake On Wednesday
Romania's new Fiscal Code, Fiscal procedure Code, heating aid ordinance and the act on the sale of a stake in state-owned energy distributor Electrica SA will be approved by the Government i...