Capital Market
Leu Closes Slightly Weaker Vs Euro, On Low Volumes
The leu oscillated within narrow margins throughout the session Monday, and closed slightly weaker against the euro.
Shares Close Down, In Quiet Market
The Bucharest bourse closed Monday clearly in the red, after seeing a downward pattern of evolution throughout the session.
Raiffeisen Ups 12-Month Target Price For Transelectrica Shares To RON25
Raiffeisen increased the 12-month target price for shares of state-owned power grid operator Transelectrica (TEL.RO) by 18%, to 25 lei (EUR5.92), citing strong first half results, but mainta...
Leu Weakens Slightly Vs Euro, Sentiment Stays Bad
The leu weakened against the euro in mid-trade Monday, and the central bank set a reference rate of 4.2192 lei to the euro, RON0.032 weaker on the day.
Bourse Investors Request Clarifications On Transelectrica IPO
Bourse investor association AIPC asked state-owned electricity transporter Transelectrica (TEL.RO) to clarify its intention to sell a 12% stake on the bourse, following a share capital incre...
Businessman Catalin Chelu Buys 11.12% In Carbochim
Businessman Catalin Chelu bought an 11.12% stake in abrasives maker Carbochim Cluj-Napoca (CBC.RO) for a total 3.67 million lei (EUR870,493).
Shares Open Down, Amid Market Apathy
The Bucharest bourse opened Monday in the red, on low traded volumes, amid low investor interest and lackluster transaction activity.
Leu Opens Stable Vs Euro, On Low Volumes
The leu opened Monday roughly flat against the euro, on low traded volumes, while other currencies in the region were seeing similar development.
Analysts Recommend Leu Investments, Despite Greek-Fueled Pressures
Events in Greece, a country which European leaders are struggling to save from bankruptcy, are moving the leu/euro exchange rate quite strongly.