Capital Market
Oltchim Asked To Discuss Interest Rate For Aid Refund
The Romanian government asked state-owned chemical company Oltchim (OLT.RO) to agree with privatization authority AVAS on an interest rate for the EUR134 million it owes as state aid refund.
Leu Rises Vs Euro, Exchange Rate At 4.2609
The Romanian leu gained ground against the euro in mid-trade Wednesday, and the central bank’s reference strengthened to 4.2609 units, from 4.2706 units in the previous day.
Bucharest Shares Fall In Early Trade, Following Foreign Markets
Romanian shares opened down Wednesday, following the trend on the international markets, as the meeting between the leaders of the two strongest EU economies failed to calm investor worries.
Leu Flat Vs Euro In Quiet Early Trade
The Romanian leu was mostly still in early trade Wednesday, hovering around 4.275 to the euro, in a calm market with low trading volumes, dealers said.
Petrom Negotiates 3-Year Extension On Romanian Exploration Permits
OMV Petrom (SNP.RO), Romania’s leading oil and gas producer, will find out in less than a month whether it can still prospect for resources on 10 blocks, as negotiations with Romanian author...
Price Decline And Higher Profits Make Shares Cheaper
Stocks on the regulated market of the Bucharest Stock Exchange (BVB) are on average 22% cheaper when measured against the profits made in the past year, compared with three months ago, follo...
First Fund “Secured Against Losses”, Beaten By Banking Interest
The OTP Garantis closed-end fund, managed by OTP Asset Management, the first investment fund in Romania to have guaranteed the initially placed equity, has protected investors against plumme...
Fondul Proprietatea Buys Back 0.1% Stake For RON6.1M
Investment fund Fondul Proprietatea (FP.RO) bought back 0.1% of its shares last week, for 6.1 million lei (some EUR1.4 million), leaving fund manager Franklin Templeton with just RON11.35 mi...
Samus Mex 1H Loss Narrows To RON2.8M, From RON3.9M
Furniture maker Samus Mex (SAMU.RO) posted a loss of 2.8 million lei (EUR655,645) in the first half of the year, compared to a loss of RON3.9 million in the same interval of 2010.