Capital Market
Leu Opens Stronger Vs Euro, On Euro Sales
The leu opened Monday higher against the euro, backed by euro sales, but traded volumes were low.
Romanian Shares Open Up, Eyes On Financials
The Bucharest bourse opened Monday in the green, with moderate traded values, while the bulk of activity was focusing on investment fund Fondul Proprietatea (FP.RO) and the five regional inv...
Romania Suspended From Trading Green Certificates
The Kyoto Protocol committee has decided to suspend Romania from trading green certificates, after it noted breaches in the national inventory of carbon emissions, and the decision will appl...
Chelu Forced To Make Takeover Bids In 11 Romanian Companies
Romanian businessman Catalin Chelu has to make takeover bids in 11 companies where he owns stakes of over 33%, according to a series of ordinances issued by the securities commission CNVM.
Mechel Targoviste, Sister Cos. Take Out Loans To Finance Capital
Romanian steel maker Mechel Targoviste (COS.RO) Friday approved taking out two loans together with three sister companies within Mechel group to refinance older credits and finance working c...
Romanian Shares Close Down, On Global Downshift
The Bucharest bourse closed Friday with a decline, on low traded volumes, following the trend noted in other markets across Europe, the US and Asia.
Leu Moves Higher Vs Euro In Thin Trading
Romanian leu strengthened modestly against the euro Friday, amid low volumes, and closed 0.15% higher on the day at 4.244/4.245 units.
Leu Up Vs Euro, Exch Rate Hits 3-Week High At 4.2449
Romania’s leu extended early gains versus the euro in mid trade Friday and the central bank’s reference strengthened almost 0.2% to 4.2449 units, the highest rate in three weeks.
Oltchim Extends Furlough For One Third Of Employees Into September
Chemical company Oltchim (OLT.RO) on Friday said it will maintain furlough for one third of its employees in September as well, because of shortages in raw materials and working capital.