Capital Market
Leu Recovers Vs Euro, Exchange Rate At 4.2342
Romania’s leu recovered earlier losses versus the euro by mid-trade Wednesday and the central bank’s reference strengthened slightly to 4.2342 units, from 4.2356 units a day earlier.
SIFs Want Minority Holders To Reconsider Assembly On BCR Listing
Romania’s five regional investment funds SIFs are trying to persuade a group of minority stockholders to reconsider their call for a general assembly regarding the potential listing in Bucha...
Romanian Central Bank Keeps Key Rate Unchaged At 6.25%
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the tenth straight time, as inflation is still likely to top the bank’s forecast.
Erste Expects SIFs' Decision On BCR Listing Options
Austria’s Erste Group Bank (EBS.RO) Wednesday said it awaits a decision from minority shareholders in its Romanian unit Banca Comerciala Romana (BCR) following discussion about the Romanian...
Leu Opens Down Vs Euro, In Line With Region
The Romanian leu fell against the euro in early trade Wednesday, as investors feared a worsening of the euro-zone debt crisis and rushed to safe-haven currencies such as the Swiss franc.
Bucharest Shares Down In Early Trade, On Slightly Revived Interest
The Bucharest bourse opened down Wednesday, continuing its downward trend from the previous session, on slightly higher trading values than in recent days.
Fondul Proprietatea Runs Out Of Money For Share Buybacks
Fondul Proprietatea (FP.RO), managed by Franklin Templeton, has almost used up the money earmarked for the share buyback program, but its share price has not increased.
Analysts Say Listed Banks Are Showing Signs Of Recovery
Analysts say there are signs of recovery in the results of listed banks, but have mixed opinions as to the growth potential of their shares, with some deeming them quite expensive.
Bucharest Shares Close Down 1.5% After Quiet Session
The Bucharest-listed shares deepened their losses towards closing time Tuesday, on a negative sentiment on international markets, and the major indices ended down 1.5% on average, but the tr...