Capital Market
Bucharest Stocks Open Higher, Rompetrol Rafinare Takes Lead
The Bucharest Stock Exchange opened on an upward trend, with Oltchim resuming its rally with a 8% gain, but the highest increase was posted by Rompetrol Rafinare (RRC.RO), whose shares were...
Leu Opens Up Vs Euro, Volumes Stay Down
Romania’s leu edged higher against the euro in early trade Monday, tracking the currencies in the region, whereas volumes remained low.
Citi: Leu Propped Up By Financial Investments
The inflows of foreign capital on the Romanian market that led to the recent appreciation of the leu are the result of some financial investments based on yield and risk assessments compared...
SIF Moldova Challenges Erste In Court: Either List BCR Or Pay Dividends
Investment fund SIF Moldova (SIF2.RO), which holds 6% in the largest Romanian bank BCR, challenged in court the lender’s shareholders decision to not pay dividends from the 2010 profit.
Romgaz May Float Stock Within 12-14 Months
Economy Minister Ion Ariton said Friday that state-owned gas distributor Romgaz will be floated on the Bucharest bourse within 12 to 14 months.
Raiffeisen Cuts Target Price For Romanian Transgaz To RON285/Share
Raiffeisen Capital&Investment cut 1.5% off the target price for shares in Romanian state-owned gas transporter Transgaz (TGN.RO), to 285 lei (EUR69) from RON289.5, but maintained the “hold”...
Leu Closes Slightly Higher Vs Euro In Quiet Trade
Romania’s leu traded in ranges against the euro amid a sleepy session Friday and closed modestly higher on the day at 4.131/4.134 units.
Bucharest Shares Close Almost Flat, Oltchim Slows Its Growth
The Bucharest bourse closed Friday near par, after an arch-like evolution throughout the session, while all but two indexes ended in the red.
Leu Gains Modestly Vs Euro, Exch Rate At 4.1298
The leu gained modestly against the euro by mid session Friday and the central banks reference strengthened slightly to 4.1298 units, from 4.1342 units a day earlier.