Capital Market
Bucharest Bourse Closes Up, Bank Shares Decline
The Bucharest bourse closed Tuesday with a slight increase, despite drops of bank stocks, while traded values were lower than the past sessions' average.
Bucharest Radisson Hotel Owner Borrows EUR71.5M From Raiffeisen Bank
Romanian hotel operator Bucuresti Turism (BUTU.RO), which owns Bucharest hotels Radisson Blu and Centre Ville, Tuesday said it will open credit worth EUR71.5 million at Raiffeisen Bank Inter...
ING Investment Management Romania Appoints New GM
ING Investment Management Romania on Tuesday said it has appointed Adrian Tanase as general manager, starting July 1.
Leu Up Vs Euro, Exchange Rate At 4.256
Romania’s leu extended early gains versus the euro in mid trade Tuesday and the central bank’s reference advanced nearly 0.3% at 4.256 units, from 4.2685 units a day earlier.
Rompetrol Has Cleared Its Debt To Romania, Buyback Pending
Rompetrol has extinguished any debt owed to Romania last year and it is currently under negotiations to buy out the government from Rompetrol Rafinare's (RRC.RO) shareholding structure, the...
Economy Minister Confident Petrom SPO Will Be A Success
Romanian Economy Minister Ion Ariton Tuesday estimated the state’s secondary offering in dominant oil company OMV Petrom (SNP.RO) will be entirely subscribed over the next days, saying he wa...
SIF Oltenia Ups Its Argus Stake To 32%, Chelu Buys Other 3%
Regional investment fund SIF Oltenia (SIF5.RO) on Monday upped its stake in edible oil maker Argus Constanta (UARG.RO) by 4.7%, to 31.9%, while businessman Catalin Chelu bought another 3% an...
Leu Opens Flat Vs Euro, Strengthens In Early Trade
The Romanian leu opened flat against the euro Tuesday, and started strengthening in early session, as players are confident EU leaders will set a clear agenda to bail out Greece.
Bucharest Bourse Opens Up, Trading Values Rise
The Bucharest bourse opened Tuesday on an upward trend, recovering part of the ground lost in the previous session.