Capital Market
Leu Ends Flat Vs Euro In Quiet Market
Romania’s leu recovered early losses against the euro in late trade Thursday and closed flat on the day at 4.087/4.089 units, in an uneventful session.
Bucharest Shares Close Down, Despite Upward Start
Bucharest-traded shares closed Thursday in the red, despite starting out on a positive trend, while the regional investment funds SIFs managed to stay above par.
Hotel Firm Turism Felix Sees 2011 Pretax Profit Halved At RON3M
Romanian hotel company Turism Felix (TUFE.RO) Thursday said it expects a pretax profit of 3 million lei (some EUR730,000) this year, half the result posted in 2010, since tourist numbers sho...
Leu Edges Lower, Exchange Rate At 4.0906 Vs Euro
Romania’s leu edged lower against the euro in mid trade Thursday and the central bank’s reference weakened to 4.0906 units, from 4.0858 units.
Transilvania Constructii Expects RON4.2M Net Profit In 2011
Romanian construction company Transilvania Constructii Cluj-Napoca (COTR.RO) expects a net profit of 4.2 million lei this year (EUR1.05 million), from RON350,000 in 2010, fueled by a 32.5% i...
Leu Opens Flat Vs Euro, In Line With Peers
The Romanian leu opened flat against the euro Thursday, on a quiet market, while other currencies in the region were seeing similar evolution.
Bucharest Shares Open Up, On Moderate Trading
The Bucharest bourse opened Thursday on an upward trend, maintaining the tendency noted at closing Wednesday, but on moderate traded values.
Public Companies Must Reveal Shareholders Who Submit Meeting Proposals
Companies listed on a regulated market must make public the identity and participation of any shareholder who requested the introduction of new items on the general meeting's agenda, accordi...
Romanian Insurer Astra Buys 16.2% In Intercontinental
Romanian insurance company Astra (ATRA.RO), owned by businessman Dan Adamescu, paid 16.9 million lei (EUR1=RON4.0858) for a 16.22% stake in hotel operator Intercontinental (RCHI.RO), broker...