Capital Market
Bucharest Bourse Operator Appoints New CFO
The Bucharest Stock Exchange has appointed Virgil Adrian Stroia as the new chief financial officer, effective September 15, the market operator said in a statement Wednesday.
Iproeb Bistrita 1H Net Profit Doubles To RON3.1M
Romanian cable maker Iproeb Bistrita (IPRU.RO) Wednesday said its net profit more than doubled to 3.09 million (EUR0.7 million) in the first half, from RON1.43 million in the year-earlier pe...
Leu Rises Slightly Vs Euro In Quiet Trade
Romania’s leu lost most of its early gains versus the euro in late trade Wednesday, but closed slightly higher at 4.254/4.2565 units, from 4.258/4.26 units a day earlier.
Bucharest Shares Close Up, Trading Slumps
The Bucharest bourse closed Wednesday with an increase, but on very low trading values, as investors showed caution and focused mainly on investment fund Fondul Proprietatea (FP.RO) and the...
Turbomecanica Puts Properties On Sale For RON50M Minimum
Romanian plane parts maker Turbomecanica Bucuresti (TBM.RO) on Wednesday said it plans to sell buildings and plots in Bucharest District 6, for a 50 million lei (EUR11.7 million) minimum, wi...
Petrom Gets 3-Year Extension For Onshore Exploration Rights
Romania’s agency for mineral resources ANRM has agreed to extend until September 2014 a series of exploration licenses for onshore fields granted to dominant oil company OMV Petrom (SNP.RO),...
Leu Up Vs Euro, Exchange Rate Hits 2-Week High At 4.2488
Romania’s leu traded just below 4.25 per euro in the first half of Wednesday’s session, amid growing foreign currency sales, and the central bank’s reference gained 0.2% to 4.2488 units, the...
Bucharest Stocks Open Up, On Confidence Uptick
The Bucharest bourse opened Wednesday with an increase, on improved traded volumes, as investors regained some of their confidence when international markets closed in the green.
Leu Opens Stronger Vs Euro, In Line With Peers
The leu continued to strengthen against the euro early Wednesday, in line with other currencies in the region, backed by euro sales.