STOCKS
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Fondul Proprietatea’s Main Shareholders Gain EUR40M From Fund’s Soaring Stocks
US hedging fund Elliott Associates and investment fund City of London, the two largest shareholders of Romanian investment fund Fondul Proprietatea (FP.RO), gained 170 million lei (EUR38.6 m...
Bucharest Stock Exchange – A Mere Shadow Of What It Used To Be Six Years Ago
The Bucharest Stock Exchange reached all-time highs six years ago, whereas now, most local stocks continue to post losses of over 50% compared to the levels recorded on July 24, 2007.
SIF Oltenia Sells 0.04% In OMV Petrom For RON9.4M
Romanian regional investment fund SIF Oltenia (SIF5.RO) on Tuesday sold a stake of 0.04% in OMV Petrom (SNP.RO) for 9.4 million lei (EUR2 million).
Broker Exodus: One Third Of Brokerage Firms Closed Since 2008
The low traded volumes on the Bucharest stock exchange and especially the lack of development prospects for the local capital market have forced about 25 brokerage firms to either close or l...
Bucharest Bourse Relies On Bond Issues In 2013, For Lack Of Stock Trading
Bond issues listed on the Bucharest Stock Exchange (BVB) might become a financing source for local companies, as they rejoice the support of both investment funds and pension funds.
Stocks Generate Higher Quarterly Profit Than Three Years' Worth Of Banking Interest
The Bucharest Stock Exchange grew by almost 24% in the first quarter, if looking at its main index, BET, due to improvement in companies’ performance and a rebound in international markets.
Enel Not Keen To Buy Shares In Fondul Proprietatea Purge
Italian utilities group Enel is not interested in buying the shares owned by investment fund Fondul Proprietatea (FP.RO) in Enel's Romanian subsidiaries, the group’s chief executive officer...
Financial Markets In Romania Fall After Government Resignation
The Romanian leu weakened against the euro in mid-session Monday, while the stock exchange’s main index was falling 2.5%, following Prime Minister Emil Boc’s announcement of the government's...
Listed Companies Saw 25% Turnover Growth, Profits Up 140% In Jan-Sept
The cumulated turnover of the most important 100 companies to have published results until Friday (November 18) for the third quarter went up in the first nine months by 25.5% to 41 billion...