Capital Market
Dan Adamescu Buys Uniqa's 27% Stake In Insurer Astra For RON106M
Austrian insurer Uniqa on Wednesday sold its 27% stake in Astra (ATRA.RO) to the latter’s majority holder, Dan Adamescu, for 106 million lei (EUR24.9 million).
Rulmenti Barlad To Borrow EUR5M From UniCredit Tiriac
The shareholders of Romanian ball bearing maker Rulmenti Barlad (RBL.RO) recently approved the contracting of a EUR5 million loan from UniCredit Tiriac.
Leu Widens Loss Vs Euro, Exchange Rate At 4.2517
Romania’s leu extended early losses versus the euro in mid trade Wednesday and the central bank’s reference weakened 0.25% at 4.2517 units, from 4.241 units a day earlier.
Bucharest Stocks Open Slightly Higher; On Reduced Interest
Bucharest shares were mostly higher Wednesday morning, with the bourse’s composite index BET-C advancing 0.3% amid reduced interest.
Transelectrica Plans To Raise EUR80M In Secondary Offering
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates it will obtain EUR80 million from a secondary public offer in the second half of 2011, general manager Horia Hahaianu...
Leu Edges Down Vs Euro In Early Trade
Romania’s leu traded near 4.24 per euro Wednesday morning, mirroring the currencies in the region, which were rather unmoved by news that the Greek government survived a no-confidence vote,...
CNVM Bosses Paid As Much As Wall Street Supervisors
The members of the National Securities Commission (CNVM) are now gaining as much as those of the Securities and Exchange Commission (SEC), the watchdog of the biggest bourses in the world, e...
After Monday’s Peak, The Euro Lost Ground
The exchange rate fluctuations over the past week, with the leu losing over 2% against the euro, broke the relative stability to which bankers, as well as clients with foreign currency loans...
Transgaz Overshoots 2011 Budget
The management of Transgaz Medias (TGN.RO) admits that budget projections for 2011, which included a profit at one third of 2010 level and falling revenues, are not quite in line with realit...