Capital Market
Bucharest Shares Open Down, SIFs Buck Trend
The Bucharest bourse opened Thursday with a slight decline, on reduced traded values, while investment fund Fondul Proprietatea (FP.RO) was driving liquidity and the SIFs were seeing moderat...
Oltchim Seeks Loans Worth EUR250M For Investments, Working Capital
Romanian chemical company Oltchim (OLT.RO) plans to take out loans worth a total EUR250 million, to fund investment and working capital, according to its shareholder meeting summoning announ...
Leu Down Vs Euro In Early Trade, On US Debt Worries
The Romanian leu opened weaker versus the euro Thursday, on negative sentiment caused by the political deadlock on the debt ceiling in the United States.
Fondul Proprietatea Willing To Help With Future Bourse Privatizations
Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered...
Bucharest Shares Close Down, Amid Quiet Trading
The Bucharest bourse closed down Wednesday, after seeing a declining pattern throughout the session, while the bulk of trading focused on the SIFs and oil company OMV Petrom (SNP.RO), aside...
Leu Closes Flat Vs Euro On Low Volumes
Romania’s leu retreated modestly against the euro in late trade Wednesday, amid low levels, and closed little changed on the day at 4.2325/4.2335 units, from 4.2325/4.235 units a day earlier...
Romania Sells EUR462.6M 4-Year Forex Bonds At 4.85% Yield
Romanian Finance Ministry Wednesday sold EUR462.6 million in four-year foreign currency bonds, below the planned amount, at an average yield of 4.85% a year.
Finance Ministry Plans To Sell State Notes Worth RON4B In August
Romania’s Finance Ministry plans to sell state paper worth 4 billion lei (EUR945 million) in August, slightly down from RON4.24 billion sold a month earlier, ministry data showed Wednesday.
Leu In Ranges Vs Euro, Exchange Rate At 4.2323
Romania’s leu traded in ranges versus the euro by mid-session Wednesday, while the central bank’s reference strengthened 0.4% to 4.2323 units, from 4.25 units a day earlier.