Capital Market
Petrom: Economic Growth Won't Lift Purchasing Power Sooner Than 2012
OMV Petrom (SNP.RO), the biggest company on the oil and gas market, posted growth in sales and profit, even though the market it operates on continued to go down. Repeated pump price hikes a...
New Scandal at Prodplast
The Association of Capital Market Investors (AIPC) says the share price of 1.21 lei (EUR0.296), at which investment vehicle Avaliser Trading recently took over a 9.46% stake in Prodplast Buc...
Proprietatea Fund Authorized To Invest In NYSE Stock
Romanian investment fund Fondul Proprietatea Wednesday said it has received approval from the securities commission CNVM to invest in companies listed on the New York Stock Exchange.
Centrofarm Swings To RON1M Profit In 1Q
Romanian pharmaceuticals retailer Centrofarm (CEOF.RO) Wednesday said it swung to net profit of 1 million lei (around EUR245,000) in the first quarter, despite lower sales.
Oil Terminal Drops Plan To Cut Working Hours; Fires Staff Instead
Romanian cargo handler Oil Terminal Constanta (OIL.RO) has given up its plan to trim working hours to cut expenditure, saying it would lay off staff instead.
Azomures 1Q Net Profit Doubles To RON44.2M
Romanian chemical fertilizer maker Azomures (AZO.RO) Wednesday said its net profit doubled to 44.2 million lei (EUR10.8 million) in the first quarter, from RON22.6 million in the year-earlie...
Bucharest Shares Close Down, Oltchim Jumps 15%
Bucharest-traded shares closed Wednesday clearly in the red, after pursuing a downward pattern throughout the session, as investors focused mainly on the usual liquidity drivers, especially...
BRD: Romania To Borrow EUR1.8B Via MTN Program in 2011
Romania's Finance Ministry will likely sell debt worth EUR1.8 billion via its planned medium term notes program in 2011, while the country’s full-year financing needs are estimated at around...
Leu Ends Flat Vs Euro In Quiet Market
Romania’s leu lost early gains versus the euro in late trade Wednesday, amid a quiet market, and closed flat on the day at 4.087/4.09 units.