Capital Market
Bucharest Shares Open Slightly Up In Calm Trading
The Bucharest bourse was on an slightly upward trend in early trade Thursday, with VES Sighisoara (VESY.RO) leading gainers in back-to-back sessions, after significant changes in ownership s...
Leu Higher Vs Euro In Early Trade
Romania’s leu opened higher against the euro in a quiet Thursday morning, with its peers in the region posting minor fluctuations versus the European common currency.
Buy Food Industry Stocks To Hedge Against Price Increases
One way to hedge against the wave of food price increases is investing in food producers. The shares of edible oil producer Argus Constanta (UARG.RO) and poultry meat processor Avicola Buzau...
Bucharest-Listed Companies Doubled Profits In First Quarter
The aggregated turnover of the 120 biggest listed companies that have so far published their financial results for the first quarter went up 26% compared to the same period a year ago, to 19...
CNVM OKs Preliminary Prospectus For Petrom Stake Sale
Romania’s securities commission CNVM Wednesday approved a preliminary prospectus for the sale of a 9.84% stake in dominant oil company OMV Petrom (SNP.RO).
Retrasib Shares OKed For Transfer To Bucharest 2nd Tier
Romanian engine maker Retrasib Sibiu (RTRA.RO) was given green light to transfer its share from Rasdaq market to the Bucharest bourse’s second tier, pending approval from the stock exchange’...
Vimetco Plans To Sell Up To 21% In Smelter Alro
Netherlands-based Vimetco and Romania’s Conef SA want to sell up to 20.96% of their 87.96% stake in aluminum smelter Alro Slatina, in a deal estimated at 575.9 million lei (EUR138.9 million)...
Central Depository Resumes Proprietatea Fund Share Conversion
Romanian Central Depository Tuesday resumed the conversion of compensation rights into shares in restitution fund Fondul Proprietatea, after a de-facto suspension of over four months.
Bucharest Bourse Falls Towards Closing On Proprietatea, Banca Transilvania Declines
The Bucharest bourse closed Wednesday slightly in the red, after a session-long stay in the green followed by decline in the endgame, mainly due to price corrections of Fondul Proprietatea (...