Capital Market
Condmag 1H Net Profit Sinks On Sales Slump
Romanian utility pipeline builder Condmag (COMI.RO) Friday reported a first-half net profit of 188.964 lei (some EUR45,000), much lower than RON3.1 million in the year-earlier period, as sal...
Leu Falls Vs Euro In Early Trade On Economic Concern
The leu opened down against the euro Friday, losing around 0.4% in early trade amid global talks of a possible new recession and fears of contagion from Greece’s debt crisis.
SIF Shareholders Push Ahead With Request For BCR Listing
On Thursday, on the initiative of Ioan Cuzman, president of SIF Banat-Crisana, the management teams of the five regional investment funds (SIF) met the group of shareholders owning 5% in the...
Antibiotice Invests EUR12M In New Production Facility
Romanian pharmaceutical producer Antibiotice Iasi (ATB.RO) invests EUR12 million in expanding production capacity, which will allow production of latest generation of anti-infective drugs to...
Bucharest Bourse Ends Down, BET-C Slides To Lowest Level In 2011
The Bucharest shares ended down for the third session in a row Thursday, as the global selloff erased the early optimism, and the composite index BET-C closed at this year's lowest level at...
Leu Dips Vs Euro In Volatile Trade
Romania’s leu lost early gains versus the euro in late trade Thursday, amid a highly volatile session and rising volumes, and closed nearly 0.2% weaker on the day at 4.23/4.233 units.
UCM Resita 1H Loss Narrows 45% On Year
Romanian engine manufacturer UCM Resita (UCM.RO) Thursday said its net loss narrowed 43.5% to 24 million lei (EUR5.7 million) in the first half, from RON43.5 million in the year-earlier peri...
Albalact's Net Profit Slides 6% To RON2.26M In First Six Months
Romanian dairy maker Albalact Alba Iulia (ALBZ.RO) Thursday reported a 6% decline in its first half profit to 2.26 million lei (EUR0.52 million), despite higher sales by nearly 33% on the ye...
Romania Sells RON372M 5-Year Bonds At 7.35% Average Yield
Romania’s Finance Ministry on Thursday sold 372.2 million lei (EUR88.1 million) in five-year treasury bonds, a little over half of the planned amount, at an average yield of 7.35% a year.