Capital Market
Mechel Targoviste Sees Narrower Loss In 2011
Romanian steel maker Mechel Targoviste (COS.RO) expects 2011 losses will narrow substantially, as revenues are seen growing by 36.7% to RON1.25 billion (EUR306 million).
OMV Petrom 1Q Gas Sales Down 0.7% On Year
Romanian leading oil company OMV Petrom (SNP.RO) reported a 0.7% decline in natural gas sales to 1.46 billion cubic meters in the first quarter, from 1.47 billion cubic meters in the year-ea...
Bucharest Bourse Opens Higher Amid Positive International Sentiment
Bucharest shares opened higher Thursday, tracking the main west European markets, while liquidity increased to 1.06 million lei (EUR261,253), from around RON684,000 a day earlier.
Leu Slightly Up Vs Euro In Early Trade
Romania’s leu advanced modestly against the euro in early trade Thursday, tracking its peers in the region, after the US Federal Reserve said it would keep interest rates close to zero level...
Alum Tulcea Ups Capital To RON491.4M
Romanian calcined alumina producer Alum Tulcea (BBGA.RO) will increase its share capital by 22 million lei (EUR5.4 million) to RON491.4 million through cash injection from shareholders, the...
Electroputere Sees RON12.8M In 2011 Net Profit
Romanian electric engine maker Electroputere Craiova (EPT.RO) estimates it will swing to profit in 2011, after five consecutive years of losses.
Franklin Templeton To Advise On Proprietatea Fund International Listing Before July
Franklin Templeton Investment Management, administrator of Romanian investment fund Fondul Proprietatea (FP.RO), will make a recommendation by end June regarding the possible listing on an i...
Weight Of Shares In Romanian Private Pension Fund Assets Could Increase To 25% In Next Five Years
The weight of shares in the total assets of Romania's private pension funds could increase to at least 25% in the next five years, from the current 15%, if the number of Bucharest Bourse (BV...
Leu Recovers Vs Euro Amid High Volumes
Romania’s leu reverted early losses against the euro in late trade Wednesday, aided by foreign currency sales and amid higher volumes.