Capital Market
Bucharest Stock Exchange Crashes 8%
The Bucharest Stock Exchange on Monday recorded the largest decline in Europe, with listed companies losing EUR1 billion of their value in one day. President Traian Basescu and BNR (National...
Bucharest Bourse Plummets After US Rating Cut
The Bucharest Stock Exchange on Monday suffered one of the deepest corrections of recent years, reminding investors the moments of panic in the fall of 2008, when at times all the shares plu...
Bucharest Stocks Tumble After US Rating Downgrade
The Bucharest bourse nose-dived Monday, driven by corrections on international markets, after Standard&Poor’s cut US debt rating from triple-A to AA+ at the end of last week.
Romania Hires Salans As Legal Consultant For Romgaz Listing
Romania's Economy Ministry has selected international law firm Salans to provide consultancy services for the sale of a 15% stake in natural gas producer Romgaz Medias, the law firm said in...
VES Sighisoara Switches To RON0.5M Loss In 1H
Romanian enameled cookware manufacturer VES Sighisoara (VESY.RO) Monday said it has switched to losses in the first half, versus profits a year earlier, as costs rose at a faster pace than r...
Leu Dips Vs Euro In Sleepy Session
Romania’s leu traded in ranges against the euro Monday afternoon and closed slightly weaker on the day, amid a quiet session.
Romania Sells RON700M 1-Year T-Bills At 6.3% Average Yield
Romania’s Finance Ministry on Monday sold a planned 700 million lei (EUR165 million) in one-year treasury bills, at an average yield of 6.34% a year, higher than at the previous auction.
Leu Trades At 4.2442 Vs Euro, Falls To New Low Vs Swiss Franc
Romania’s leu gained modestly versus the euro in mid trade Monday, while the central bank’s reference weakened slightly to 4.2442 units, from 4.2419 units in the previous session.
BNR Cuts 2011 Inflation Forecast To 4.6%
Romania’s central bank (BNR) Monday revised downward its inflation forecast to 4.6% from 5.1%, citing improved economic outlook and “substantial decline” of volatile prices.