Capital Market
GHCL Upsom Dubbed Insolvent For EUR14M Debt To Romgaz
The Alba court allowed Thursday the insolvency claim filed by state-owned gas distributor Romgaz against chemical plant GHCL Upsom Ocna Mures (UPS.RO).
Bucharest Stocks Gain Slightly In Early Trade, Oltchim Stays In Spotlight
Bucharest shares were mostly higher amid a quiet morning Friday, with chemical plant Oltchim (OLT.RO) continuing its fast ascension fueled by speculative buying.
Leu Higher Vs Euro In Early Trade, Follows Region
Romania’s leu edged higher against the euro Friday morning, mirroring the rebound of neighboring currencies as risk aversion softens after Greece announced new austerity measures to prevent...
Top Stock Exchange Yields In First Five Months
The chemical companies and exporters generated the highest yields for stock exchange investors in the first months of the year. Dividends also lifted the shareholders’ profits.
Leu Ends Weaker Vs Euro, In Quiet Market
The Romanian leu registered some minor oscillation in late trade Thursday, closing slightly weaker versus the euro, on low traded volumes.
Shares Close Down, Oltchim Stays On The Rise
The Bucharest bourse closed Thursday in the red, after staying below par throughout the entire session, while chemical company Oltchim (OLT.RO) posted yet another peaking rise.
Court Rejects Proprietatea Fund Challenge Against RON400M Donation - Sources
The Alba Iulia Court of Appeals rejected the challenge issued by investment fund Fondul Proprietatea (FP.RO) against a government decision that stat-owned gas distributor Romgaz donate 400 m...
Leu In Ranges Vs Euro, Exch Rate At 4.1342
The leu traded near 4.135 per euro by mid session Thursday and the central bank’s reference weakened slightly to 4.1342 units, from 4.1297 units a day earlier.
ING: Central Bank’s Forex Interventions Up To EUR1B In May
Romanian central bank is likely to have injected between EUR700 million and EUR1 billion in the money market in the first half of May to ease the leu’s appreciation against the euro, ING Ban...