Capital Market
Romania SIF Moldova OKs 2010 Dividend; BCR Stake Sell Put Off
Romanian regional investment find SIF Moldova (SIF2.RO) Friday approved paying out a dividend of 0.09 lei (EUR0.022) a share from the 2010 profit, up 50% on the year.
Romania Farmaceutica Remedia Sees 53% Higher Profit In 2011
Romanian pharmaceuticals supplier Farmaceutica Remedia Deva (RMAH.RO) estimates a net profit to 2.98 million lei (EUR0.73 million) for 2011, nearly 53% higher on the year, according to the c...
Leu Exchange Rate Hits New 13-Mo High At 4.0815 Vs Euro
Romania’s leu extended early gains versus the euro in mid trade Friday and the central bank’s reference strengthened 0.2% on the day to 4.0815 units, hitting a fresh 13-month high.
ING Sees Romanian Leu Firming To 4.05 Vs Euro On Short-Term
Romania’s leu is likely to trade near 4.05 per euro in the next few months, benefiting from a substantial narrower current account deficit, ING Bank said in a report Friday.
Transilvania Constructii Plans RON13M Invest In 2011
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) plans to invest 12.75 million lei (EUR3.1 million) this year, from its own resources and EU funds, according to a...
Leu Opens Stronger Vs Euro, Amid Pre-Easter Trading
The Romanian leu opened Friday slightly stronger against the euro, on very low traded volumes, as investors prepare for the Easter holidays.
Shares Open Up In Sleepy Session Ahead Of Holiday
The Bucharest bourse opened Friday slightly in the green, as the market was almost perfectly still within the first hour of trading, due to the upcoming Easter celebration.
Romania Asks Proprietatea Fund To Double 2010 Dividend
Romania's Finance Ministry requested regional investment fund Fondul Proprietatea pay a gross dividend of 0.03141 lei (around EUR0.0076) a share from 2010 profit, double compared to the init...
Certinvest Announces New Closed-End Fund
Romanian investment fund manager Certinvest Thursday announced it has launched a private closed-end fund called Absolute Return, which aims to attract up to EUR1.5 million in the next three...