Capital Market
Catalin Chelu Buys 13% In Argus For RON15M
Romanian businessman Catalin Chelu on Thursday bought a 13.3% stake in edible oil maker Argus Constanta (UARG.RO), for a total 15.25 million lei (EUR3.57 million).
Bucharest Shares Down In Early Trade, SIFs Lose More Than 1%
Bucharest-listed shares opened down Friday, continuing this week's downward trend, with the regional investment funds, or SIFs, falling steeper than the general tendency.
Leu Falls Vs Euro In Early Trade
Romanian leu edged lower against the euro Friday morning, in line with the currencies in the region as investors wait for the results of the latest stress tests of European banks.
Condmag Wins RON12.5M Pipe Installation Deal With Petrom
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) Friday said it has won a 12.5 million lei (EUR2.9 million) contract to provide pipe installation and connection services to leading o...
Swiss Franc Might Climb To RON3.9
Those who now regret that they took out a loan in Swiss francs, as the franc is now 75% stronger against the leu compared with 2007-2008, at around RON3.7, should prepare for worse. Foreign...
Most Profitable And Also Cheapest Stock On The Bourse
Electroarges, Alumil and BRD are the listed companies boasting the highest return on equity (ROE) over the past five years.
Leu Ends Higher Vs Euro On Positive Sentiment
Romania’s leu recovered earlier losses against the euro in late trade Thursday and closed 0.3% stronger on the day, amid a positive sentiment in the region after Italy pledged to step up aus...
Bucharest Shares Close Down, Proprietatea Drives Trades
The Bucharest bourse closed in the red Thursday, after a session-long downward evolution, while the bulk of trading focused, predictably, on investment fund Fondul Proprietatea (FP.RO).
Romania Sells RON500M 5-Year Bonds; Yields Fall Slightly To 7.3%
Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR116.8 million) in five-year treasury bonds, at an average yield of 7.3% a year, slightly lower than at the previous...