Capital Market
Leu Falls Vs Euro Amid Higher Volumes
Romania’s leu continued to retreat versus the euro in late trade Wednesday and closed 0.4% weaker on the day, amid higher volumes and growing concerns over a possible dissolvement of the rul...
Catalin Chelu Buys 23% In VES Sighisoara For RON2.1M
Debrocons, a Romanian company controlled by local businessman Catalin Chelu, Tuesday bought 22.97% in stoves and pots maker VES Sighisoara for 2.1 million lei (around EUR0.5 million), bourse...
Leu Reverses Early Gains Vs Euro, Exchange Rate At 4.1184
Romania’s leu lost early gains versus the euro in mid trade Wednesday and the central bank’s reference weakened 0.3% at 4.1184 units, from 4.1051 units a day earlier.
Leu Opens Stronger Vs Euro, Peers Rise Timidly
The Romanian leu opened Wednesday slightly stronger against the euro, amid quiet trading, while other currencies in the region were also gaining inches versus the European coin.
Bucharest Shares Open Up, On Dull Trading
The Bucharest bourse opened Wednesday on a rising trend, while investor activity in the market remained moderate to low, keeping the pace seen over the past several days.
Big Foreign Banks Bet On Stronger Leu Again
The Romanian leu has once again become interesting in the world's financial centers, which have returned with bets on an appreciation towards 4 lei per euro, after having forgotten about the...
Romanian Investors Try To Buy Into Glencore IPO
Romanian investors are very interested in the public offering of the Swiss group Glencore, the world's largest commodities trader, in which they have already subscribed several million of eu...
UPDATE: GM Invest Sells 22% Stake In VES Sighisoara For RON2M
Bucharest-based brokerage firm GM Invest on Tuesday sold a 22% stake in Romanian stoves and pots maker VES Sighisoara (VESY.RO) in one transaction on the Bucharest bourse’s deal market, for...
Electrocarbon's 1Q Net Profit Up 69% To RON2.7M
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) Tuesday said its net profit rose nearly 69% on the year to 2.7 million lei (roughly EUR657,000) in the first quarter, on...