Capital Market
Leu Falls Vs Euro, Attuned To Region
Romania’s leu weakened against the euro Wednesday, mirroring the currencies in the region, and closed at 4.132/4.135 units, from 4.121/4.123 units in the previous session.
Bucharest Shares Close Down, Proprietatea Touches New Lows
The Bucharest shares fell by more than 1% on average Wednesday, with investment fund Fondul Proprietatea (FP.RO) dropping 3%, after being down as much as 4% during the session.
Leu Widens Loss Vs Euro, Exchange Rate At 4.129
Romania’s leu continued to retreat against the euro in mid trade Wednesday and the central bank’s reference weakened to 4.129 units, from 4.1233 units a day earlier.
Romania Central Bank Sees Rising Capital Inflows On Medium-Term
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.
Bucharest Shares Open Down, Proprietatea Fund Continues Decline
The-Bucharest listed shares were slightly down in early trade Wednesday, due to a negative sentiment on international markets caused by renewed fears on euro-zone countries' debts, and Fondu...
Leu Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro Wednesday morning, amid low volumes and a higher aversion to risk from regional investors, following talks regarding a possible restructuring of Gr...
Romania's Biggest Mutual Fund Gains EUR25,000/day From Deposits
BCR Monetar (a money market fund), the biggest mutual fund on the Romanian market managed by Erste Asset Management, posted revenue of over 107,000 lei (EUR25,500) a day since the beginning...
Leu's Appreciation In April Brought Higher Volume Of Interbank Transactions
The appreciation of the Romanian leu in April, when the local currency hit the year's peak against the euro, has rekindled interest from foreign players for investments in lei, and this was...
Fondul Proprietatea Shares Slid Below RON0.5. What's Next?
Shares of Fondul Proprietatea (FP.RO) traded below the 0.5 lei (EUR0.12) level almost the entire Tuesday trading session, hitting a new all-time low, of RON0.4975.