Capital Market
Carbochim Posts RON1M Net Profit In First Half
Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO) on Tuesday reported net profit slightly one million lei (about EUR250,000) for the first half of this year, double the RON520,000 prof...
Bucharest Shares Open Up, Ease Gains Later
Romanian shares opened up Tuesday, fueled by the foreign bourses' growth in the previous day when the local market was closed for a national holiday, but the growth slowed down after half an...
Leu Opens Up Vs Euro, Unaffected By GDP Data
The Romanian leu opened up Tuesday, to match quotations on the foreign markets as Monday the local market was closed for a national holiday, but it soon lost some ground, in line with the ot...
Fund Investors, Less Jittery Than Bourse Speculators
Mutual fund investors reacted more calmly than bourse speculators in the face of the financial turmoil of the August 5-12 week, even as losses reported by some mutual funds went as deep as 2...
Mukul Pal, Orpheus Capital: Now Is A Good Time To Buy
Mukul Pal, head of Orpheus Capital investment consultancy of Cluj-Napoca and one of the few analysts who foresaw the corrections witnessed by the regional investment funds (SIFs) in the spri...
What Emerging Market Guru Mark Mobius Bought And Sold With FP Money
Banking stock and shares of Romania’s largest companies have been the main acquisition targets for Franklin Templeton, the manager of Fondul Proprietatea’s EUR3.8 billion assets.
Proprietatea Fund Ups Exposure On Banks
Romanian investment fund Fondul Proprietatea (FP.RO) increased its exposure on the banking sector in the second quarter, when it continued to buy shares of Erste (EBS.RO), Raiffeisen and BRD...
Electroputere Sales Fall 46% On Year To RON56.1M In First Six Months
Romanian electric engines maker Electroputere Craiova (EPT.RO) Friday posted sales of 56.1 million lei (EUR14.8 million) in January to June, down 46.2% from RON104.4 million in the same peri...
Romcarbon Turns To Profit In 1H, Despite Falling Revenue
Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Friday posted a net profit of 2.86 million lei (EUR0.67 million) for the first half, compared with a loss of RON2.83 million in t...