Capital Market
Leu Widens Gains Vs Euro, Exchange Rate At 4.2217
Romania’s leu extended early gains versus the euro by mid-trade Monday and the central bank’s reference strengthened nearly 0.5% at 4.2217 units, from 4.2419 units in the previous session.
Bucharest Stocks Open Higher In Quiet Trade
Bucharest shares opened higher amid low volumes, with investment fund Fondul Proprietatea (FP.RO) covering nearly half of the liquidity Monday morning.
Leu Up Vs Euro In Early Trade
The leu edged higher against the euro Monday morning, tracking the currencies in the region as investors feel more confident after EU finance ministers agreed to release another EUR12 billio...
Romania Could Use Google Approach In Petrom Stake Sale
Romania could set a maximum price to sell Petrom (SNP.RO) shares instead of a fixed price, and the end price could be set based on buy orders placed by investors, as was the case with Google...
Romtelecom To Float Stock Within 12 Months
Telecom operator Romtelecom will float stock on the Bucharest bourse within 12 months, and consultants will be selected by September 1, Friday said communications minister Valerian Vreme.
Bucharest Bourse To Extend Trading Schedule By 15 Minutes
The Bucharest bourse will extend the trading schedule by 15 minutes, until 16:30 local time, starting July 15, enabling investors to react to developments on US markets.
Leu Dips Vs Euro, Unlike Neighbors
The leu weakened against the euro in a quiet session Friday, whereas its peers in the regions appreciated after Greece gave green light to a new set of austerity measures.
Shares Close Slightly Up, Trading Slumps
The Bucharest bourse closed Friday with a slight increase, on low traded volumes, while the blue-chips were held back by investment fund Fondul Proprietatea (FP.RO) and lender Banca Transilv...
Certinvest To Launch Closed-End Fund For Energy Projects
Certinvest, owned by businessman Eugen Voicu, will launch a private closed-end investment fund, Certinvest Green, through which it will fund two alternative energy projects, aiming to draw E...