Capital Market
Miron Strikes Deal With GSK Again. This Time As A Buyer
Ropharma (RPH.RO) forecasts a turnover of 400 million lei (EUR96 million) for this year, up 14% from 2010, a figure that will bring its indirect owner, local businessman Mihai Miron, amongst...
Basescu Requests Reexamination Of Bill Postponing State-Run Company Listing
Romanian President Traian Basescu has sent to the Parliament a request to reexamine a bill that postpones the listing of state-owned companies in investment fund Fondul Proprietatea's portfo...
Romania Borrows EUR11.5B In Five Months To Keep Going
The record-high EUR1.5 billion raised by the Finance Ministry last week from the foreign markets brings to over EUR4.5 billion the foreign currency debt accumulated by Romania since the begi...
Fitch Rates Romania's EUR1.5B 5-Year Bond Issue 'BB+'
Fitch Ratings on Friday said it has assigned a rating of BB+ to Romania's EUR1.5 billion Eurobond, the first issue of the country's EUR7 billion medium term notes (MTN) program.
Bucharest Shares Close Down, But SIFs Rise
Shares traded on the Bucharest Stock Exchange closed Friday with a decline, after a session riddled with wide oscillation, while the five regional investment funds, or SIFs, rose 1.16% on av...
Leu Closes Slightly Higher Vs Euro In Quiet Trade
Romania’s leu lost early gains versus the euro in late trade Friday, but managed to close a touch higher on the day, amid a quiet session.
Romania’s EUR1.5B Bond Appealed Mostly To British, US Investors
Romania’s EUR1.5 billion eurobond issue that closed Thursday appealed mostly to investors in the UK, Ireland and the US, which bought together 50% of the debt, bankers familiar with the matt...
Popa, BNR: Romania Contemplates Issuing US Dollar-Denominated Bonds
Romania’s Finance Ministry will analyze the opportunity to issue US dollar-denominated sovereign bonds, following increasing interest from American investors at an international debt sale Th...
Fondul Proprietatea Sells 1.55% Stake In Oil Terminal
Romanian investment fund Fondul Proprietatea (FP.RO) Thursday sold a 1.55% stake in Oil Terminal Constanta (OIL.RO), for 3.3 million lei (some EUR800,000), capitalizing on a 32% hike in Oil...