Capital Market
Romania Might Need Other EUR4B For Proprietatea Fund Compensations
The price at which Fondul Proprietatea (FP.RO) shares are traded on the bourse, almost halved from the face value of RON1, is forcing the Romanian government to add another EUR4 billion to c...
Communism Victim Gets 1.74% Stake In Proprietatea Fund
Property restitution agency ANRP on Friday ordered the transfer of a 1.74% stake in investment fund Fondul Proprietatea (FP.RO) from the Finance Ministry’s portfolio to that of a party disow...
Court To Rule On SIF Stake Cap Constitutionality
The Constitutional Court will decide on June 2 the constitutionality of the 1% ceiling applied to stakes in the five regional investment funds, or SIFs.
Bucharest Shares Close Down, SIFs Slump
The Bucharest bourse closed down 1% Monday, following a session-long downward trend encouraged by the blue-chips and SIFs.
Leu Eases Loss Vs Euro, Peers Weaken
The Romanian leu closed Monday weaker against the euro, after easing the decline seen throughout the session, while other currencies in the region were continuing to lose ground to the euro.
Oltchim To Start Petrochemistry Operations At Arpechim By End-May
Romanian state-owned chemical plant Oltchim (OLT.RO) on Monday said it will start by the end of May the first petrochemistry installation at the Arpechim refinery, following an investment of...
Fitch Affirms Rompetrol Group at 'B+', Outlook Negative
Fitch Ratings affirmed Netherlands-based The Rompetrol Group's long-term foreign currency Issuer Default Rating (IDR) of 'B+', while removing it from Rating Watch Negative, where it was plac...
UPDATE: NEPI Could Be Listed On Bucharest Bourse Next Week
South African property investment fund NEPI might be listed on the Bucharest bourse next week, and the operation's brokers--BCR and Intercapital Invest--are already planning a road show, BCR...
Romanian Leu Widens Loss Vs Euro, Exchange Rate At 4.1263
Romania’s leu extended early losses against the euro in mid trade Monday and the central bank’s reference weakened 0.4% to 4.1263 units, from 4.1091 units in the previous session.