Capital Market
Bucharest Shares Open Down, In Quiet Market
The Bucharest bourse opened Wednesday with a slight decline, on low traded volumes, while the bulk of activity was focused on OMV Petrom (SNP.RO) and Fondul Proprietatea (FP.RO).
Investors Abandon Leu And Bucharest Shares Fearing Italy Debt Problems
The leu and the Bucharest Stock Exchange fell 2% in the past two days, after international investors responded anxiously to fears that Italy and potentially even Spain could face similar pro...
Petrom’s Subscription Level Will Be Known Only After Offering Ends
The government’s sale offering of Petrom shares, but so far there is no public information on the level of subscription, which will only be known when the offering closes on July 22.
Franklin Templeton: Romanians Can Invest In 11 Luxembourg-Based Funds
Franklin Templeton Investment Management, manager of investment fund Fondul Proprietatea (FP.RO), Tuesday said will offer local investors access to 11 Franklin Templeton funds registered in...
Leu Weakens Vs Euro, Attuned To Region
Romania’s leu fell against the euro Tuesday, amid a negative sentiment in the region following renewed worries about the European debt crisis, and closed 1.2% weaker at 4.283/4.285 units, fr...
Bucharest Bourse Closes Down, Financial Stocks Drive Trades
The Bucharest bourse closed Tuesday in the red, after underachieving throughout the entire session, with the investment funds and the bank stocks remaining the most traded securities.
Leu Exchange Rate Hits 2011 Low Vs Euro At 4.2838
Romania’s leu recovered part of its early losses against the euro by mid trade Tuesday, but the central bank’s reference weakened 1.34% to 4.2838 units, the lowest rate this year.
EBRD Eyes Minority Stake In Hidroelectrica, CEO Trihenea Says
The European Bank for Reconstruction and Development plans to buy a minority stake in state-run hydropower generator Hidroelectrica once the company is floated in Bucharest, Hidroelectrica’s...
Leu Weakens Vs Euro, On Sovereign Debt Worries
The Romanian leu weakened significantly against the euro in early trade Tuesday, in line with other currencies in the region, on fears that Italy might be sucked into the euro area sovereign...