Capital Market
Transelectrica Sees 2011 Pretax Profit Rising To RON42M
Romanian state-run power grid operator Transelectrica (TEL.RO) has revised upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the c...
BVB Extends Valentin Ionescu Mandate As General Manager
The managing board of Bucharest bourse operator BVB (BVB.RO) Thursday decided to extend the mandate of Valentin Ionescu as general manager by another six months, people close to the matter t...
Foreign Funds Managed Assets Worth RON1.21B In Romania End-July
Foreign open-end funds managed net assets worth a total 1.21 billion lei (some EUR280 million) in Romania at the end of July, representing a 15.3% market share, according to local fund manag...
Transelectrica, Transgaz Get EUR64M For Upgrades
Romanian state-owned energy transporters Transelectrica (TEL.RO) and Transgaz (TGN.RO) will receive non-refundable financing worth a total 272 million lei (some EUR64 million) for upgrades,...
Leu Down Vs Euro, Exchange Rate At 4.2669
Romania’s leu continued to retreat against the euro in mid trade Friday and the central bank’s reference weakened 0.2% to 4.2669 units, from 4.2567 units in the previous session.
Antibiotice To Sell Medicine Worth RON50M Through Pharma Iasi
Pharmaceutical wholesaler Pharma Iasi recently signed a deal to buy medicine worth an estimated 50 million lei (EUR11.75 million) this year from Antibiotice (ATB.RO), according to an Antibio...
Leu Dips Vs Euro, On Low Volumes
The Romanian leu opened Friday a bit weaker against the euro, amid market apathy and in line with the region, where investors were also showing caution.
Bucharest Stocks Decline As Global Economy Wobbles
The Bucharest bourse plunged at opening Friday, as stocks across the globe trade lower, amid widespread uncertainty.
Brokers Say Latest Data Do Not Justify Such Steep Stock Exchange Falls
Stock markets are bleeding again after several days of relative calm, after a mix of economic data and information perplexed investors, bringing heavy depression to the markets, but brokers...