Capital Market
Romania Biofarm Sees 2011 Net Profit Up 4% At RON15M
Romanian drugmaker Biofarm (BIO.RO) estimates a 4% rise in its full-year profit to 14.98 million lei (EUR1=RON4.0858) on total revenue of RON92.61 million, the company said Wednesday.
Bucharest Bourse Operator Looking To Buy Smaller Peers
The Bucharest Stock Exchange (BVB.RO) is in talks to acquire several smaller market operators in the region, but nothing is settled yet, general manager Valentin Ionescu said Wednesday.
S.African NEPI To Float In Bucharest Early May
South-African investment fund New Europe Property Investment (NEPI), owner of several real estate projects in Romania, could float its shares in Bucharest early May, the market operator said...
Bucharest Bourse Close Up For The First Time This Week
The Bucharest bourse closed Wednesday well above par, with all indexes gaining more than 1%, on average trading values.
Leu Dips Vs Euro In Quiet Market
Romania’s leu edged lower against the euro in late trade Wednesday and closed slightly weaker on the day at 4.088/4.09 units, amid a quiet market.
Isarescu: Leu's Rise Vs Euro Difficult To Cap
Romanian central bank has trouble paring down the leu’s appreciation against the euro, as interest rates are already low and buying euros would create liquidity surplus in the market, govern...
Leu’s Exchange Rate Hits New 13-Month High At 4.0858 Vs Euro
Romania’s leu returned to gains versus the euro in mid trade Wednesday, and the central bank’s reference strengthened to a fresh 13-month high at 4.0858 units, from 4.091 units a day earlier...
Large Stake In Bucharest Hotel Intercontinental Sold For RON51.14M
A 49.12% stake in Bucharest hotel Intercontinental (RCHI.RO) was sold Wednesday on the Rasdaq market of the Bucharest bourse, for a total 51.14 million lei (EUR1=RON4.091).
Romanian Vae Apcarom Expects RON7.34M Net Profit In 2011
Romanian rolling stock maker Vae Apcarom Buzau (APC.RO) expects a net profit of 7.34 million lei (EUR1=RON4.091) in 2011, up 26.3% from RON5.81 million last year.