Capital Market
OMV Petrom Net Profit Rises 4% To RON841M In 1Q
Romania's largest oil company OMV Petrom (SNP.RO) Wednesday reported a net profit of 841 million lei (EUR199 million) in the first quarter, up 4% on the year, fueled by a 27% increase in sal...
Romanian Open-End Funds' April Net Subscriptions At RON102.8M, Down 47.3% On Month
Romanian open-end investment funds drew net subscriptions worth 102.8 million lei (EUR25.14 million) in April, while the overall value of their net assets rose 1.3% on the month, to RON6.23...
Romanian Oltchim Buys Petrom Installations For RON1.6M
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it has bought several installations owned by oil company OMV Petrom (SNP.RO) in Arges county for 1.6 million lei (EUR0....
Romania Vows Quick Privatization Or Liquidation For Oltchim - Draft
Romanian chemical company Oltchim (OLT.RO) will be liquidated if the government fails to privatize it by the end of the year, according to the draft letter agreed on May 3 between local auth...
Bucharest Shares Fall, Dragged Down By Petrom
The Bucharest bourse closed down Tuesday, mainly influenced by a 3% decline in OMV Petrom (SNP.RO) shares on ex-dividend sales.
Leu Ends Up Vs Euro After Quiet Session
The Romanian leu traded in narrow ranges in the second part of Tuesday session and closed higher against the euro, in line with other currencies in the region.
Romania Plans To Sell At Most 20% In Airline Tarom
Romania’s Government plans to sell 20% in national airline Tarom either on the stock exchange or to a strategic investor by the end of 2011, according to the draft letter of intent agreed wi...
Romania Pledges To Float 20% In CFR Marfa By Yearend
Romania's Government will offer a 20% stake of state-owned railway company CFR Marfa by initial public offering, "with a view toward full privatization when market conditions permit," accord...
Romania Considers 15-Year State Bond Issue
Romania’s Finance Ministry talks with pension funds and insurance companies about launching 15-year state paper this year if enough critical mass is achieved, state secretary Bogdan Dragoi s...