Capital Market
OMV Petrom To Pay Up To RON31,100 Per Laid Off Employee
Romanian oil company OMV Petrom (SNP.RO) will pay compensation between 18,360 lei (EUR4,400) and RON31,100 for employees laid off, according to the public offering prospectus written as the...
Alro Adds RON19M To Alum Tulcea's Capital
Romanian calcined alumina producer Alum Tulcea (BBGA.RO) increased its share capital by 18.96 million lei (EUR4.5 million) to RON488.4 million through cash injection from the mother company,...
Romania Sells 3-Year Bonds Worth Of RON703M; Yield Falls To 7.1%
Romania’s Finance Ministry on Thursday sold 702.8 million lei (EUR166.9 million) in three-year bonds, above the planned amount, at an average yield of 7.09% a year.
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.2087
Romania’s leu traded in ranges against the euro in mid session Thursday and the central bank’s reference weakened slightly to 4.2087 units, from 4.2022 units a day earlier.
Leu Opens Stronger Vs Euro, On Reduced Activity
The Romanian leu opened Thursday slightly stronger against the euro, in line with other currencies in the region, but activity in the market was reduced.
Bucharest Shares Inch Up, Trading Slumps
The Bucharest bourse opened Thursday with a slight increase, although activity was reduced in the market, focused mainly on shares of oil company OMV Petrom (SNP.RO), after the announcement...
Romania Sets RON0.46 Price Cap In Petrom Offering; It Could Get EUR610M
The secondary offer through which the Romanian Economy Ministry wants to sell 9.84% in oil company OMV Petrom (SNP.RO) will start Monday at a maximum price of 0.46 lei (EUR0.11) a share, 15%...
Equity Fund Investors Don’t Trust The Rise Of The Stock Exchange
The five largest equity funds have lost 300 investors since the beginning of the year and recorded net withdrawals of around 15 million lei (EUR 3.59 million), although the overall trend of...
Fondul Proprietatea Goes To Warsaw In Search Of A Better Price
Franklin Templeton, the manager of the EUR4 billion assets of Fondul Proprietatea (FP.RO), has decided to take the fund to the Warsaw Stock Exchange because that is where the money is, so th...