Capital Market
Romania Sells RON500M 3-Year Bonds At 7.2% Average Yield
Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR119.8 million) in three-year bonds, at an average yield of 7.18% a year, slightly lower than at the previous auction...
Open-End Investment Funds Post Net Subscriptions Of RON179M In May, Up 74% On Month
Romanian open-end investment funds drew net subscriptions worth a total 179 million lei (EUR42.9 million) in May, up 74.1% from RON102.8 million in April, according to data published Thursda...
Transgaz Expects 67% Fall In 2011 Profit To RON124M
Romania’s state-run natural gas pipeline operator Transgaz Medias (TGN.RO) estimates its net profit will drop 67% to 123.9 million lei (EUR29.7 million) in 2011, due to lower revenue and ris...
Leu Partly Recovers Vs Euro, Exchange Rate Flat At 4.172
Romania’s leu reversed early losses against the euro in mid trade Thursday, while the central bank’s reference was virtually unchanged at 4.172 units, amid average volumes.
Fondul Proprietatea Wins Court Battle Over Romgaz Dividend
Romania’s Supreme Court ruled in favor of investment fund Fondul Proprietatea (FP.RO) in an action against state-run natural gas producer Romgaz Medias over the payment of 18.5 million lei (...
Bucharest Bourse Opens Up, Energy Shares On The Rise
The Bucharest Stock Exchange gained modestly Thursday morning, while chemical company Oltchim (OLT.RO) and oil refiner Rompetrol Rafinare (RRC.RO) once again stole the spotlight with near 15...
Leu Lower Vs Euro In Early Trade
The leu retreated against the euro for the third consecutive morning Thursday, pushed down by stop-loss orders from foreigners and amid low volumes, but dealers expect the downward trend wil...
BVB Valuation One Year From Listing, Close To LinkedIn's
Shares on the Bucharest Stock Exchange (BVB) soared by more than 60% in the first year of trading, over three times more than the main index, revealing the very high expectations investors h...
Romania Taps Foreign Markets With EUR1B Bond Issue
After more than a year, Romania returns to the international markets with an euro-denominated bond issue, the first in a program poised to raise EUR7 billion.