Capital Market
BNR Keeps Key Rate Unchanged At 6.25%
Romania’s central bank Tuesday left its main interest rate at a record low of 6.25% a year for the eighth straight time, after costlier fuels and food items pushed the inflation rate to the...
Bucharest Shares Open Down On Low Traded Values
The Bucharest-listed shares were losing almost 2% in early trade Tuesday, on reduced traded values, continuing the downward trend from the previous session.
Leu Down Vs Euro In Early Trade, Rate Decision Awaited
Romania’s leu edged lower against the euro Tuesday morning, amid low volumes and ahead of the central bank’s monetary policy meeting scheduled for today.
BRD 1Q Net Profit Falls 39% To RON122M
Romanian lender BRD Societe-Generale (BRD.RO) Tuesday reported a 38.7% drop in its first-quarter net profit to 122 million lei (EUR29.85 million), on lower net income, the bank said in its f...
Pharmacy Network Centrofarm Swings To Profit In 2010
Romanian pharmaceuticals retailer Centrofarm (CEOF.RO) Monday said it switched to profit in 2010, after losses a year earlier, fueled by higher sales.
Shares Close Down, Transgaz Drops 7%
The Bucharest bourse closed Monday clearly in the red, on a lower traded value, with most transactions targeting investment fund Fondul Proprietatea (FP.RO).
Leu Dips Vs Euro Amid Growing FX Demand
The leu weakened against the euro Monday, amid growing demand for foreign currency, and closed at 4.0935/4.0943 units, from 4.0755/4.0765 units in the previous session.
BCR Finance Sells EUR30M 3-Year Bonds In Luxembourg
BCR Finance, the financial arm of Romania’s top lender Banca Comerciala Romana (BCR), Monday issued three-year bonds worth EUR30 million on the Luxembourg stock exchange.
Mechel Campia Turzii Plans Swing To RON12.2M Profit In 2011
Romanian smelter Mechel Campia Turzii (INSI.RO) estimates to swing to a net profit of 12.2 million lei (some EUR3 million) this year, from a loss of RON76.8 million in 2010, the company said...