Capital Market
Romanian Shares Open Up, Eyes On Lenders
The Bucharest Stock Exchange opened Wednesday on an upward trend, while trading focused on oil company OMV Petrom (SNP.RO) and financial stocks.
Leu Opens Weaker Vs Euro, Peers Hold Ground
The Romanian leu opened Wednesday weaker against the euro, in a quiet market, while other currencies in the region were seeing some minor oscillation.
Electrocarbon Sees 73% Fall In 2011 Pretax Profit
Romanian electrode maker Electrocarbon Slatina (ELNG.RO) estimates its pretax profit will drop 72.6% to 4.9 million lei (EUR1=RON4.091) in 2011, from nearly RON18 million a year earlier, des...
Leu Closes Up Vs Euro, Attuned To Region
Romania’s leu recovered early losses against the euro in late trade Tuesday, tracking the currencies in the region, and closed stronger on the day at 4.0865/4.088 units.
Shares Close Down, Proprietatea Fund At All-time Low
The Bucharest Stock Exchange closed Tuesday below par, unable to recover the decline seen in the first half of the session, with the shares of Fondul Proprietatea (FP.RO) closing at their lo...
Romania Public Art Sales Up 124% On Year In 2010
Public art sales in Romania increased 124% in 2010, compared to 2009, to EUR8.3 million, and the average annual yield stood at 40%, according to the second edition of the Artmark Index, laun...
Impact Developer&Contractor Expects RON8.7M Net Loss In 2011
Romanian property developer Impact Developer & Contractor (IMP.RO) expects a net loss of 8.7 million lei (EUR1=RON4.091) this year, narrower than the loss of RON17.5 million reported for 201...
BCR Sees Romanian Leu Stable Vs Euro In 2011
Romania’s leu exchange rate will remain stable against the European common currency throughout the year, according to estimates from lender Banca Comerciala Romana, or BCR.
Romanian Leu Slightly Down Vs Euro, Exchange Rate At 4.091
Romania’s leu edged lower against the euro in mid trade Tuesday and the central bank’s reference weakened modestly to 4.091 units, from 4.0869 units a day earlier.