Capital Market
Shares Close Up, SIFs Lead Rise
The Bucharest bourse closed Tuesday with an increase, while the large part of trading targeted investment fund Fondul Proprietatea (FP.RO) and the five regional investment funds, or SIFs.
Leu Dips Vs Euro On Higher FX Demand
The leu traded near 4.13 per euro in late session Tuesday, amid growing commercial demand, and closed slightly weaker on the day at 4.1285/4.13 units.
Hidroelectrica, Romgaz To Hike Bucharest Stock Capitalization By 5%-10%
Romania’s plan to list minority stakes in hydropower generator Hidrolectrica and natural gas producer Romgaz is likely to increase capitalization on the Bucharest bourse by 5% to 10%, a seni...
Leu Partly Loses Gains Vs Euro, Exchange Rate Flat At 4.1208
Romania’s leu lost part of its early gains versus the euro in mid trade Tuesday, while the central bank’s reference rate was virtually unchanged at 4.1208 units.
Bucharest Stock Mostly Higher In Early Trade, Oltchim Takes Lead
Bucharest shares were mostly higher Tuesday morning, with chemical company Oltchim (OLT.RO) and investment fund Fondul Proprietatea (FP.RO) leading transactions.
Leu Opens Higher Vs Euro, Attuned To Region
Romania’s leu edged higher against the euro Tuesday morning, tracking the currencies in the region following talks on a possible new international bailout for financially troubled Greece.
SIF Stake Cap Reaches Constitutional Court Again
SIF Transilvania (SIF3.RO) is trying to have the Constitutional Court annul the Government Ordinance of 2005 raising the SIFs' (regional investment funds) stake cap from 0.1% to 1%, as Roman...
Armax Gaz OKs 10% Stake Buyback For RON12.2M
Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) approved a plan to buy back up to 10% of its shares for a maximum amount of 12.2 million lei (EUR2.96 million), the company sa...
Electromagnetica Invests RON19M In Micro Hydropower Plant
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) Monday said it has invested 19 million lei (EUR4.6 million) in a micro hydropower plant in the northern...