Capital Market
Bucharest Stocks Open Lower, Proprietatea Touches New All-Time Low
Romanian shares opened down Monday, continuing the past week’s trend, but later recouped part of the early loss in line with the foreign markets.
Leu Loses Vs Euro In Quiet Market
The Romanian leu lost ground against the euro in early trade Monday, in a quiet market, as investors are cautiously reacting at Standard & Poor’s decision to downgrade the US rating to AA+.
Three Law Firms Set To Advise On Romtelecom Listing
Three law firms, one selected back in 2008 (Bostina & Asociatii) – paid by the Romanian Government, another selected last week (Stoica & Asociatii) – paid by Romtelecom, and a third one, whi...
Lafarge Agregate Betoane 1H Loss Narrows To RON11.9M
Romanian construction materials producer Lafarge Agregate Betoane (AGEM.RO), a unit of French group Lafarge, Friday posted a first-half loss of 11.9 million lei (EUR2.8 million), compared to...
Stoica&Asociatii To Advise On Romtelecom Listing
Romanian telecom operator Romtelecom selected law firm Stoica&Asociatii for advising on the proposed listing of the company’s shares in Bucharest.
Leu Recoups Vs Euro On US Jobs Data
Romania’s leu reversed early losses against the euro in late trade Friday, in line with the currencies in the region, amid restored confidence after a US jobs report showed employers hired m...
Bucharest Shares Pare Losses On US Markets’ Bounce
The Bucharest bourse recouped part of earlier losses towards closing bell, as the US markets opened higher after better-than-seen jobs data in the world’s largest economy, but it still poste...
Leu Trades At 4.2419 Vs Euro, Hits New Record Low Vs Swiss Franc
Romania’s leu recovered slightly against the euro by mid-trade Friday, but the central bank’s reference weakened over 0.4% on the day to 4.2419 units, amid rising aversion to risk after weak...
Bucharest Stocks Sink To 12-Month Low On Global Woes
Bucharest shares declined over 6.5% Friday as markets worldwide plunged amid fears of a new recession in the United States and renewed concern about the European sovereign debt crisis.