Capital Market
Leu In Ranges Vs Euro, Exchange Rate At 4.2419
The leu traded near 4.24 per euro in the first part of the session Friday and the central bank’s reference weakened nearly 0.2% to 4.2419 units, from 4.1341 units a day earlier.
Piraeus Bank Eyes Market Maker Status For All State Bonds On Bucharest Bourse
Piraeus Bank Romania wants to become market maker for all state bonds on the Bucharest bourse by the end of the year, Friday said Antonio Flus, the bank’s head of capital markets.
Bucharest Stocks Open Up In Quiet Trade
Bucharest shares opened slightly up Friday, amid low volumes, while investment fund Fondul Proprietatea (FP.RO) continued to dominate transactions.
Leu Down Vs Euro In Early Trade
The leu retreated against the euro Friday morning, pushed down by growing demand for foreign currency, unaffected by a positive sentiment in the region after Greek lawmakers agreed to more a...
Alro Confirms Vimetco Delays Stake Sale Due To Market Conditions
Aluminum smelter Alro Slatina (ALR.RO) Friday confirmed Dutch-based Vimetco, majority holder in the company, will delay a planned secondary public offering for a 21% stake due to unfavorable...
Oscar Downstream Posts EUR390M Turnover In 2010
Oscar Downstream, an oil trading company controlled by businessman Alin Niculae, posted turnover worth EUR390 million in 2010, almost similar to the 2009 level, and targets a 15% increase fo...
Most Profitable Mutual Funds In H1
OTP Obligatiuni (former Balansis) sold all the shares in its portfolio before the bourse started seeing corrections and became the best-performing mutual fund with a 10.8% return in the firs...
KBC Securities Ranks First Among Bucharest Bourse Brokers In June
Broker KBC Securities ranked first among Bucharest bourse brokers in June, for the sixth month in a row, with a turnover of 567.25 million lei (EUR134 million) and a 25.5% market share, acco...
Leu Closes Weak Vs Euro, On Forex Demand
The leu continued to weaken versus the euro in late trade Thursday, touching a low of 4.247 against the European coin, on foreign currency demand from banks, who are now making provisions.