Capital Market
Compa Sibiu 1H Net Profit Skyrockets To RON12M
Romanian car parts manufacturer Compa Sibiu (CMP.RO) Tuesday said its net profit soared to 11.88 million lei (EUR2.8 million) in the first half, from RON0.54 million in the year-earlier peri...
Bucharest Stocks End Down 3.4%, As Wall Street Opens In Green
Romanian shares erased part of earlier losses in late trade Tuesday, as the European markets stabilized and the US stocks grew at opening.
Leu Closes Down 0.4% Vs Euro In Calm Session
Romania’s leu traded near 4.26 per euro in late session Tuesday and closed 0.4% weaker on the day at 4.2615/4.2635 units, from 4.242/4.244 units a day earlier.
Romanian Investment Funds Assets Up 1.1% To RON7.03B In July
Romanian investment funds posted combined assets of 7.03 billion lei (EUR1.65 billion) in July, up 1.1% on the month, Fund Managers Association data showed Tuesday.
Leu Breaks Through RON4 Vs Swiss Franc, Trades At RON4.267 Vs Euro
Romania’s leu widened early losses against the euro by mid trade Tuesday, tracking the currencies in the region, while the central bank’s reference lost 0.5% at 4.267 units, from 4.2442 unit...
Bucharest Shares Pare Losses As European Markets Recoup
The Bucharest bourse fell as much as 12% in the first part of Tuesday's session, but it later recouped part of the early loss, as the European markets recovered slightly.
Leu Down Vs Euro In Early Trade In Quiet Market
The Romanian leu opened down versus euro Tuesday, on a calm market, while other currencies in the region posted small gains against the European coin.
Bucharest Bourse Trashed In Heavy Selloff
The Bucharest bourse opened down Tuesday and its decline intensified in the first hour of trading, after yesterday’s 6% fall of the US market following the sovereign rating cut.
Oltchim Puts 1,025 Employees On Furlough In August
Romanian state-run chemical producer Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it will put 1,025 employees (about 30% of its workforce) on furlough until the end of August, due to lack of...