Capital Market
Leu Down Vs Euro In Early Trade, Attuned To Region
Romania’s leu edged down against the euro in early trade Monday, amid a negative sentiment in the region following fears that Italy’s massive public debt could add to the European crisis.
STK Emergent Cuts Stake In SIF Moldova Below 1% Cap
Romanian closed-end investment fund STK Emergent (STK.RO) has lowered its holding in SIF Moldova (SIF2.RO) below the maximum admitted cap of 1%, the fund said in a statement Monday.
Inflation Unexpectedly Falls Below 8% In June, On Lower Food Prices
Romanian consumer prices fell 0.29% in June from a month earlier, pushed down by cheaper food items, while the annual inflation eased to an unexpected 7.93%, the country’s statistics institu...
Romania's Stake In Proprietatea Fund Shrinks To 19%
The Finance Ministry transferred a total 6.35% in investment fund Fondul Proprietatea (FP.RO) as compensation in June, thus reducing its stake to 18.9%, while foreign companies remained the...
Open-End Funds' Net Subscriptions At RON495M In 2Q
Net subscriptions in Romanian open-end funds dropped 14.4% in the second quarter, to 494.6 million lei (EUR116 million), from RON578.4 million in the first quarter, while investors were main...
Leu Weakens Vs Euro, In Line With Neighbors
Romania’s leu weakened against the euro Friday, amid a negative sentiment in the region following worse-than-expected job data in the US.
Bucharest Shares Close Down, On Final Lap Decline
The Bucharest bourse closed Friday in the red, after staying above par throughout most of the session and falling in the end-game, with liquidity driven by Fondul Proprietatea (FP.RO) and de...
Leu Loses Gains Vs Euro, Exchange Rate At 4.2037
Romania’s leu lost early gains versus the European common currency, but the central bank’s reference advanced 0.12% to 4.2037 units, from 4.2087 units a day earlier.
BRD Stake Sold On Bucharest Deal Market For RON14.2M
A 0.14% stake in Romanian lender BRD-Groupe Societe Generale (BRD.RO) Friday was sold on the deal market of the Bucharest Stock Exchange, for 14.2 million lei (EUR3.4 million).