Capital Market
Leu Falls Through 4.3 Resistance Vs Euro
Romania’s leu widened early losses against the euro in late trade Thursday and closed 0.6% weaker on the day, as investors turn away from risky assets for fear of a possible new worldwide me...
Leu Hits 8-Month Low Vs Euro At 4.2885, Falls To 4.0898 Vs Swiss Franc
The leu traded just under 4.29 per euro by mid-session Thursday and the central bank’s reference weakened 0.5% to this year’s lowest rate of 4.2855 units, from 4.262 units a day earlier.
Foreigners’ Holding In Romania Proprietatea Fund Rises To 40% In July
Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 39.9% in July, from 36.02% a month earlier, the fund said in a statement Wednesday.
Bucharest Shares Stay In Red, Unlike European Markets
Bucharest-listed shares opened down Thursday before switching to positive territory, only to fall back again, while the international markets are still holding their gains.
Leu Falls Vs Euro On International Turbulences
The Romanian leu fell significantly against the euro at opening Thursday, trading above 4.29 units, unlike other currencies in the region, but the market was relatively quiet with low transf...
Rompetrol Well Services 1H Net Profit Up 18% To RON6.6M
Romanian Rompetrol Well Services (PTR.RO), a unit of the Rompetrol group, Thursday reported a net profit of 6.6 million lei (EUR1.6 million) for January-June, up 18% from RON5.6 million in t...
Transelectrica Switches To Net Profit Of RON178.6M In 1H
Romanian national electricity transporter Transelectrica (TEL.RO) Thursday reported a first-half net profit of 178.63 million lei (EUR41.8 million), compared with a loss of RON58.16 million...
Petrom Posts Stronger Results Despite Falling Fuel Demand
OMV Petrom (SNP.RO), the largest Romanian company, reported rising financial figures again though the market was characterized by shrinking fuel demand. Price hikes offset the consumption de...
Vrancart To Borrow EUR6M From UniCredit Tiriac Bank
Shareholders of Romanian paper and cellulose producer Vrancart Adjud (VNC.RO) Wednesday approved the contracting of a loan worth EUR6 million from UniCredit Tiriac Bank, for financing a prod...