Capital Market
Romania Adds Five Years To Petrom’s Lease On Neptun Block
The drilling rights of oil company OMV Petrom (SNP.RO) on the Neptun block in the Black Sea have been extended by another five years, according to a Romanian Government decision issued Wedne...
SSIF Broker Buys 10% In VES Sighisoara For RON0.8M
Romanian brokerage firm SSIF Broker (BRK.RO) on Wednesday bought a 10% stake in pots and stoves maker Ves Sighisoara (VESY.RO) for 796,000 lei (EUR188,000).
Bucharest Shares End Slightly Up, On Low Volumes
The Bucharest bourse closed Wednesday with a minor increase, after oscillating throughout the day, while more than two thirds of the overall traded value came from transactions in Fondul Pro...
Leu Closes Up Vs Euro In Quiet Market
Romania’s leu traded in ranges against the euro in late session Wednesday and closed 0.2% stronger on the day, amid low volumes.
Leu Hangs On Morning Gains, Exchange Rate At 4.243 Vs Euro
The Romanian leu preserved its early gains versus the euro by mid trade Wednesday and the central bank’s reference strengthened 0.3% to 4.243 units, from 4.256 units a day earlier.
Calipso Oradea Borrows EUR5.5M For Romania’s First DoubleTree Hotel
The shareholders of Romanian Calipso Oradea, which will open a DoubleTree by Hilton hotel this year, approved the contracting of two investment loans worth 4.3 million lei (EUR1 million) and...
Bucharest Stocks Edge Higher In Early Trade
Bucharest shares were slightly higher Wednesday morning, tracking European markets, but investors are still cautious before Thursday’s eurozone summit that could ease fears of a spillover fr...
Leu Opens Up Vs Euro, Mirroring Neighbors
The leu opened higher against the euro Wednesday, amid a positive sentiment in the region as euro zone ministers are expected to agree on a favorable solution for the Greek debt crisis.
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu firmed versus the euro Tuesday, tracking the currencies in the region, and closed 0.2% stronger on the day, amid a quiet market.