Capital Market
Ernst&Young: Romania M&A Market At EUR270M In 1Q
Romanian mergers and acquisitions market reached EUR270 million in the first quarter, while total transactions stood at 46, according to Ernst&Young data.
Leu Trades In Ranges Vs Euro, Exchange Rate At 4.0842
Romania’s leu traded in ranges against the euro in mid session Wednesday and the central bank’s reference strengthened modestly to 4.0842 units, from 4.0885 units a day earlier.
Cocor Bucuresti 1Q Net Profit Triples To RON1.5M
Romanian shopping center operator Cocor (COCR.RO) on Wednesday reported a net profit of 1.5 million lei (EUR335,000) for the first quarter, three times more than the result posted in the sam...
OMV Petrom 1Q Investments At RON633M, Down 12% On Year
Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday said it has invested 633 million lei (EUR154.8 million) in the first quarter, 12% less than RON717 million in the year-earlier peri...
Leu Gains In Early Trade, On Euro Sale Orders
The Romanian leu opened stronger against the euro Wednesday and extended gains soon after on euro sale orders, before losing some ground later on.
Bucharest Bourse Opens Slightly Up, Blue-Chips Decline
Shares traded on the Bucharest Stock Exchange opened Wednesday on a generally upward trend, but blue-chips were dragged down by declines of investment fund Fondul Proprietatea (FP.RO) and ga...
How OMV Could Affect Romania's Plans For Petrom Offer
Austrian group OMV, majority shareholder of OMV Petrom (SNP.RO), could need a capital increase this year to refinance some of the loans taken out to make acquisitions in Turkey (Petrol Ofisi...
OMV Petrom Turns Arpechim Refinery Into Oil Products Terminal
Romanian oil company OMV Petrom (SNP.RO) will permanently shut down the Arpechim refinery over the next several months, turning it into a storage unit for crude and oil products, the company...
OMV Petrom Drops Capital Increase Plan, On Improved Cash Position
Romanian dominant oil company OMV Petrom (SNP.RO) decided to give up its plan for a EUR600 million share capital increase, as its financial position has improved in the past year, the compan...