Capital Market
Romania Gives Up Plans To Shut Down Oltchim If Privatization Fails
Romanian government gave up its plans to shut down chemical plant Oltchim Ramnicu-Valcea (OLT.RO) if privatization procedures should fail in 2011, according to the country’s letter of intent...
Transilvania Constructii 1Q Net Profit Up 32% On Year
Romanian construction company Transilvania Constructii (COTR.RO) Friday said its net profit rose 32% on the year to 153,000 lei (about EUR37,000) in the first quarter, despite lower sales.
Leu Up Vs Euro In Early Trade After 1Q GDP Data
Romania’s leu edged higher against the euro Friday morning, following positive data for the first quarter economic growth which indicate the country has emerged from a two and a half year re...
Bucharest Shares Open Up, Proprietatea Fuels Recovery
The main indexes of the Bucharest bourse were up in early trade Friday, as Fondul Proprietatea (FP.RO) returned to growth, while Transgaz (TGN.RO) was gaining 2% after announcing a small inc...
Antibiotice 1Q Net Profit Rises 22% On Higher Sales
Romanian state-owned drugmaker Antibiotice Iasi SA (ATB.RO) Friday said its first-quarter net profit rose 22% on the year to 13.2 million lei (EUR3.1 million), on higher sales.
Transgaz 1Q Net Profit +3% On Year At RON195M
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Friday said its net profit rose 3% on the year to 194.9 million lei (EUR46 million) in the first quarter, on higher...
Romania’s Economy Makes It Out Of Recession
Romania's economy expanded by 0.6% in the first quarter, after a meager recovery of just 0.1% three months earlier, a flash estimate of the country’s statistics institute showed Friday.
Government And Stock Exchange Investors Quarrel Over Proprietatea Fund Price
Fondul Proprietatea (FP.RO) shares lost 6.5% at the start of yesterday's session, after the ex dividend day, but recouped 4% towards the end, amid unofficial information that the government...
Rompetrol Rafinare Posts Narrower Loss In 1Q, At $11.3M
Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, Thursday said its net loss narrowed to $11.3 million in the first quarter, from $...