Capital Market
Petrom SPO To Be Resumed Next Year In Case Of Undersubscription
The secondary listing of a 9.84% stake in oil company OMV Petrom (SNP.RO) will only be resumed next year if the state fails to sell at least 80% of the shares at the minimum price, Finance M...
Romania Sets Minimum Price At RON0.3708/Share In Petrom Offering
The Romanian government on Tuesday set a minimum price of 0.3708 lei (EUR0.087) a share in a secondary offer through which it wants to sell 9.84% of oil company OMV Petrom (SNP.RO), Economy...
Small Investors Hardly Interested In Subscribing Petrom Shares
More people were interested in buying or selling foreign currency and collecting their pensions on Monday than standing in line at those bank wickets where they can subscribe to the largest...
Cord Buzau Hikes Capital To RON72M
Romanian metallic cord and wire manufacturer Cord Buzau (CORZ.RO) will increase its share capital by 32.7 million lei (EUR7.6 million) to over RON72 million, the company said in a statement...
Bucharest Bourse Ends Down, In Line With Foreign Markets
The Bucharest bourse fell 1.5% Monday, following the international markets trend, in a session largely dominated by trades with shares of BRD-Societe Generale (BRD.RO) and Fondul Proprietate...
Romania Sells RON900 1-Year T-Bills At 6.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 900 million lei (EUR210.8 million) in one-year treasury bills, at an average yield of 6.18% a year, little changed from the previous aucti...
Leu Dips Vs Euro In Quiet Trade
Romania’s leu traded in ranges against the euro in late session Monday and closed barely weaker on the day, amid a quiet market.
SIF Transilvania Posts Highest Net Profit Among SIFs In June
Romanian regional investment fund SIF Transilvania (SIF3.RO) posted a net profit of 89.9 million lei (EUR21 million) in the first half of this year, compared to RON22.3 million in the same i...
Leu’s Rate Firms To 4.2685 Vs Euro, Falls To Fresh Low Vs Swiss Franc
Romania’s leu recovered early losses against the euro by mid trade Monday and the central bank’s reference strengthened slightly to 4.2685 units, from 4.2717 units in the previous session.