Capital Market
Bucharest Stocks Stay Down In Thin Trade
Bucharest shares continued to retreat Wednesday morning, after three consecutive days of losses, amid low volumes.
Leu Opens Down Vs Euro In Quiet Market
The Romanian leu opened lower against the euro in a quiet Wednesday morning, with peers in the region trading in narrow ranges versus the European common currency.
Best Performing Mutual Funds After Four Months
The bet on the shares of the five financial investment companies (SIFs) saw BCR Expert equity fund climb to no.1 among the top-performing mutual funds, with a yield of 16.6% in the first fou...
Prodlacta 1Q Sales Fall 17% To RON48.5M
Dairy maker Prodlacta Brasov (PRAE.RO) on Tuesday reported sales of 48.5 million lei (some EUR12 million) in 2010, down 17% from RON58.8 million the year before, since competition pressured...
Bucharest Shares Close Down, Eyes Turn To BRD
The Bucharest bourse closed down Tuesday, while the overall traded value remained low and investors focused on investment fund Fondul Proprietatea (FP.RO) and lender BRD-Groupe Societe Gener...
Leu Weakens Vs Euro, Attuned To Region
Romania’s leu weakened against the euro Tuesday, tracking the currencies in the region, and closed 0.3% lower on the day at 4.1055/4.107 units.
Pioneer Investments Launches New EMEA Fund; Target Capital At EUR500M
Pioneer Investments Luxemburg, the asset management unit of Italy’s top lender UniCredit, announced the launch of a new euro-denominated fund for emerging markets aimed to attract between EU...
Leu Widens Loss Vs Euro, Exchange Rate At 4.1073
Romania’s leu continued to retreat against the euro in mid trade Tuesday and the central bank’s reference weakened 0.5% to 4.1073 units, the lowest level in three weeks.
ING: BNR’s Interventions On Forex Market At EUR600M In April
The Romanian central bank is likely to have injected up to EUR600 million in the money market in April to smooth the leu’s recent appreciation against the euro, ING Bank Romania said in a re...