Capital Market
OMV Petrom To Put Gas Distribution Unit On Sale
Romania's largest oil company OMV Petrom (SNP.RO) will try again to sell natural gas distributor Petrom Distributie Gaze, after a failed attempt in 2008.
Dafora Sees 7% Higher Net Profit In 2011
Romanian drilling company Dafora Medias (DAFR.RO) estimates a 6.7% increase in its full-year net profit to 8.69 million lei (EUR2.13 million), from RON8.14 million in 2010, the company said...
Amonil Expects Flat Net Profit In 2011, At RON0.5M
Romanian fertilizer maker Amonil Slobozia (AMO.RO) estimates a net profit of 453,388 lei (EUR111,277) in 2011, little changed on the year, on substantially lower sales, the company said Frid...
Economy Ministry Rejects Transgaz Proposal To Pay 2010 Dividend
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Friday said its majority holder, the Economy Ministry, has rejected a proposal to pay out dividends from last year’s...
SIBEX OKs Merger With Bucharest Exchange - Sources
Romania’s monetary and commodities exchange SIBEX has approved in principle a merger with the Bucharest stock exchange, people familiar with the matter told MEDIAFAX Friday.
Bakery Firm Titan Sees 2011 Sales Up 9% to RON283M
Romanian bakery company Titan (MPN.RO) expects sales of 282.9 million lei (EUR69.4 million) this year, up 8.7% from RON260.1 million in 2010, the company said Friday in a statement.
Leu Closes Slightly Up Vs Euro On Higher Volumes
Romania’s leu gained modestly versus the euro Friday and closed stronger on the day at 4.0755/4.0765 units, amid higher volumes.
Rompetrol Rafinare Sees 22% Higher Revenue In 2011
Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, estimates a 22% increase in pretax revenue to $3.43 billion this year, according...
Bucharest Shares Close Down, Investors Jump On Fondul Proprietatea
The Bucharest bourse closed down Friday, on high traded values, following investment fund Fondul Proprietatea's (FP.RO) return to the floor after a two-day suspension for the annual sharehol...