Capital Market
Leu Falls 1.4% Vs Euro As Aversion To Risk Rises
Romania’s leu continued its retreat against the euro in late trade Thursday, tracking the currencies in the region, and closed nearly 1.4% weaker on the day at 4.231/4.234 units amid growing...
Bucharest Shares Close Down, SIFs Lead Decline
The Bucharest bourse closed in red Thursday, influenced by the negative sentiment on the international markets, on worries about a Greek debt crisis spillover.
Court Dubs Constitutional The 1% Stake Cap At SIF Transilvania
Romania’s Constitutional Court on Thursday rejected an unconstitutionality claim filed by regional investment fund SIF Transilvania (SIF3.RO) against the 1% limit applied to the stakes of it...
Leu Exchange Rate At 4.2088 Vs Euro; Falls To All-Time Low Vs Swiss Franc
Romania’s leu extended early losses against the euro in mid trade Thursday and the central bank’s reference weakened 0.8% to 4.2088 units, the lowest rate since March.
Bucharest Shares Open Down, Oltchim Leads Decline
The Bucharest bourse opened on a downward trend Thursday, with chemical company Oltchim (OLT.RO) continuing its decline in the previous session, erasing part of the gains made in the past mo...
Leu Opens Weaker Vs Euro On Greece Woes
The Romanian leu opened visibly weaker against the euro Thursday, on a negative international sentiment amid the Greek debt crisis.
Fondul Proprietatea's Main Foreign Shareholder Stays Out Of Management
Christopher Weaver, head of UK-based City of London Investment Management Company, the biggest foreign institutional shareholder in Fondul Proprietatea (FP.RO) with 5.85% in capital, says th...
Ropharma Appoints New Board Member
Romanian generics wholesaler Ropharma Brașov (RPH.RO) Wednesday appointed Vasile Vasiliu as company administrator, after Alin Constantin Radasanu stepped down from his position of member of...
Proprietatea Fund’s Net Assets Fall To RON16.4B In May
Investment fund Fondul Proprietatea Wednesday reported a 0.7% decline in its net assets to 16.4 billion lei (EUR3.92 billion) in May, from RON16.54 billion a month earlier.