Capital Market
Bucharest Shares Open Down, Trading Stays Moderate
The Bucharest bourse opened Wednesday with a slight decrease, on a quiet market, while the shares of investment fund Fondul Proprietatea (FP.RO) were suspended for a shareholder meeting.
Leu Opens Higher Vs Euro, In Line With Region
The Romanian leu continued for a while Wednesday the strengthening trend seen the day before against the euro, while other currencies in the region were also seeing some moderate gains.
OMV Says Won’t Bid In Petrom SPO
Austria’s OMV, majority owner in Romanian leading oil company Petrom (SNP.RO) Tuesday said it won’t participate in a 9.84% secondary public offering in Bucharest slated to take place in the...
OMV Petrom OKs RON0.0177 Dividend From 2010 Profit
Romanian leading oil company OMV Petrom (SNP.RO) Tuesday approved paying out total dividends of over 1 billion lei (over EUR245 million) from the 2010 profit, a shareholder who wished to rem...
SIF Banat-Crisana Caps Vote Rights Of Banca Transilvania, Other Hldrs
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) has capped to 1% the vote rights of 22 shareholders grouped around lender Banca Transilvania’s (TLV.RO).
IFond Financial Romania OKs RON456,000 Dividend From 2010 Profit
SAI Intercapital Investment Management’s fund iFond Financial Romania (IFR.RO) Tuesday approved paying out dividends of 456,000 lei (EUR111,943) from the 2010 profit.
Carbochim Expects Pretax Profit To Halve In 2011
Romanian abrasives maker Carbochim Cluj-Napoca (CBC.RO) Tuesday estimated its pretax profit will fall to 1.2 million lei (around EUR295,000) in 2011, from RON2.5 million a year earlier, on h...
Raiffeisen Raises Biofarm Target Price By 10%
Raiffeisen Capital&Investment on Tuesday raised by 10% to 0.23 lei (EUR0.056) a share its 12-month target price on Romanian drugmaker Biofarm (BIO.RO), while keeping its recommendation uncha...
Bucharest Shares Close Down, On Lackluster Trading
The Bucharest bourse closed Tuesday slightly in the red, after a session-long downward trend, while the bulk of activity targeted investment fund Fondul Proprietatea (FP.RO) and the five reg...