Capital Market
Leu Ends Down Vs Euro In Quiet Trade
Romania’s leu retreated modestly against the euro amid a quiet session Thursday and closed at 4.079/4.081 units, from 4.068/4.0695 units a day earlier.
OMV Petrom Asks RON92M Refunds For Eco-Friendly Works
Romania’s leading oil company OMV Petrom (SNP.RO) has requested the state issue refund payments of 91.68 million lei (EUR22.5 million) for environment decontamination works at some of its de...
BNR Pumps RON404M In 4-Day Repurchase Operation
Romania’s central bank BNR on Thursday injected 403.7 million lei (EUR99.04 million) into the money market in a four days repurchase agreement operation at an interest rate of 6.25% a year,...
Leu Loses Gains Vs Euro, Exch Rate At 4.076
Romania’s leu lost early gains versus the euro in mid trade Thursday, as investors took profits, while the central bank’s reference strengthened slightly to 4.076 units, from 4.0767 units a...
Teraplast Names Stefan Bucataru As General Manager
Plastic systems maker Teraplast (TRP.RO) has appointed Stefan Bucataru as general manager starting May 2, replacing Florin Radu Urite, who resigned citing personal reasons.
Vimetco Reports $57.4M Net Profit In 2010 From Romanian Operations
Dutch group Vimetco, owner of Romanian smelter Alro Slatina (ALR.RO), posted a net profit of $57.4 million in Romania last year, up 19.5% from $48 million in 2009, according to financial res...
Finance Ministry Plans To Sell RON4.8B Treasuries In May
Romania’s Finance Ministry plans to sell state paper worth 4.8 billion lei (EUR1.17 billion) in May, down from RON6.1 billion sold a month earlier, ministry data showed Thursday.
Bakery Firm Boromir Prod Eyes RON3.86M Net Profit In 2011
Romanian bread and pastry maker Boromir Prod Buzau (SPCU.RO) Thursday said it expects a net profit of 3.86 million lei (EUR949,000) this year, significantly higher than RON507,000 in 2010.
Compa Sibiu Sees 2011 Net Profit Rising 17.5% To RON11.2M
Romanian car parts maker Compa Sibiu (CMP.RO) expects a 17.5% increase in net profit to 11.2 million lei (EUR2.7 million) in 2011, on higher sales, the company said in a statement Thursday.