Capital Market
Fund Managers Have Different Expectations Regarding Stock Market
Fund managers have divergent opinions on the trend the Bucharest Stock Exchange will follow until yearend.
IFC Might Issue Leu-Denominated Bonds In Romania
IFC, the World Bank’s investment arm, is likely to issue leu-denominated bonds on the Romanian market, should there be any infrastructure projects needing significant funding. Such a move wo...
ArcelorMittal Roman Swings To RON8.5M Net Profit In 1H
Romanian steel pipes maker ArcelorMittal Tubular Products Roman (PTRO.RO) Thursday said it swung to a net profit of 8.5 million lei (EUR2 million) in the first half, versus losses a year ear...
SIF Muntenia Stockholders Meet To Discuss BCR’s Listing
Romanian regional fund SIF Muntenia (SIF4.RO) on Thursday called for a shareholder meeting September 21 to discuss the listing of the country’s largest bank BCR, in which is owns a minority...
Proprietatea Fund Calls For Hidroelectrica, Nuclearelectrica IPOs
Romanian investment fund Fondul Proprietatea (FP.RO), minority owner in energy companies Hidroelectrica and Nuclearelectrica, Thursday called for a shareholder meeting at the two companies i...
Centrofarm 1H Sales Fall 10% To RON75.3M
Romanian pharmaceuticals retailer Centrofarm (CEOF.RO) Thursday reported a 10.3% drop in its first-half sales to 75.32 million lei (EUR17.7 million), from roughly RON84 million in the year-a...
Bucharest Bourse Dives, Amid International Slugfest
The Bucharest bourse took a nose dive Thursday, maintaining a downward trend throughout the session, mirroring the foreign markets' falls under the influence of bank shares sell-off.
Leu Weakens Vs Euro, In Line With Neighbors
Romania’s leu widened early losses against the euro in late trade Thursday, mirroring the markets in the region, and closed nearly 0.3% weaker on the day at 4.259/4.261 units.
Romania Sells RON600M 3-Year Bonds At 7.34% Average Yield
Romania’s Finance Ministry on Thursday sold a planned 600 million lei (EUR141 million) in three-year bonds, at an average yield of 7.34% a year, higher than at the previous auction.