Capital Market
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.0744
Romania’s leu traded in ranges against the euro by mid session Friday and the central bank’s reference firmed slightly to 4.0744 units, from 4.076 units a day earlier.
Impact Developer&Contractor Brushes Off Insolvency Claims
Romanian realty developer Impact Developer&Contractor (IMP.RO) on Friday said it has cleared the insolvency claims it was facing, through a final and binding decision rendered Thursday by th...
Romania Plans To Sell EUR600M 3-Yr FX Bonds Wednesday
Romania’s Finance Ministry plans to raise at least EUR600 million at a three-year foreign currency bonds May 4 to finance the budget deficit and refinance public debt, the Finance Ministry s...
Oltchim Board Member Resigns After SIF Oltenia Walkout
One managing board member at Romanian chemical company Oltchim (OLT.RO) resigned Thursday, since regional investment fund SIF Oltenia (SIF5.RO) left the company’s shareholding structure.
Shares Open Down, Fondul Proprietatea Back On Board
The Bucharest bourse opened Friday on a downward trend, with traditional liquidity driver Fondul Proprietatea (FP.RO) back to trading.
Leu Opens Stronger Vs Euro, In A Quiet Market
The Romanian leu opened Friday stronger against the euro, while other currencies in the region were stable, on low traded volumes.
Brick Maker Cemacon Plans To Switch To RON2.5M Profit In 2011
Romanian brick maker Cemacon Zalau (CEON.RO) expects sales to reach 58 million lei (EUR14.26 million) and a switch to a net profit of RON2.5 million, according to the company’s budget publis...
Drugmaker Antibiotice To Borrow EUR6.5M From RBS Bank
Shareholders of Romanian medicine maker Antibiotice (ATB.RO) on Thursday approved the contracting of a EUR6.5 million loan from RBS Bank and the capitalization of 9 million lei (EUR2.21 mill...
Socep Sees 2011 Profit Down 10% On Higher Investments
Romanian harbor operator Socep Constanta (SOCP.RO) expects a pretax profit of 5.2 million lei (EUR1.28 million) this year, down 10% from RON5.8 million in 2010, after it has tripled its inve...