Capital Market
Ecopack Ghimbav Swings To RON2.6M Net Profit In 1H
Romanian cardboard box maker Ecopack Ghimbav (AMCP.RO) Tuesday said it has turned to net profit of 2.58 million lei (EUR0.6 million) in the first half, from losses a year-earlier, helped by...
Societe Generale Buys 0.3% In BRD For RON24M
French bank Societe Generale Tuesday paid 24 million lei (EUR5.6 million) for a 0.29% stake in its Romanian unit BRD (BRD.RO), increasing its holding to 58.67%.
Romanian Shares Close Flat, On Moderate Trading
Bucharest shares closed undecided Tuesday, on moderate activity, while more than half of the overall traded value came from deal market transactions.
Leu Strengthens Vs Euro Amid Rising Volumes
Romania’s leu gained almost 4% versus the euro Tuesday, amid higher than average volumes, and closed at 4.219/4.2205 units, from 4.236/4.238 units a day earlier.
Termica SA Guarantees Coal Purchase With Green Certificates
Thermal power producer Termica SA on Tuesday said it has used green certificates as guarantees for the purchase of some 30,000 tons of coal, with the buyback set for February.
Concefa Sibiu Increases Capital To RON71M
Romanian construction company Concefa Sibiu (COFI.RO) will increase its share capital by 14.2 million lei (EUR3.36 million) to RON71.06 million, mostly by cash contribution from stockholders...
Leu Up Vs Euro, Exchange Rate Hits 7-Week High At 4.2219
Romania’s leu widened early gains versus the euro by mid trade Tuesday and the central bank’s reference won 0.4% on the day to 4.2219 units, the strongest rate in seven weeks.
SIBEX Stock Exchange Turns To Loss In 1H
Romania’s monetary and commodities exchange SIBEX has switched to losses in the first half from net profit in the year-earlier period, mainly due to a 33% decline in revenues, the Sibiu-base...
Fondul Proprietatea Buys Back 0.014% Stake For RON0.92M
Investment fund Fondul Proprietatea (FP.RO) bought back last week 0.014% of its own shares, paying 920,000 lei (EUR217,000), leaving fund manager Franklin Templeton with RON7.62 million in t...