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Further panic and frustration hit Stock Exchange
The Bucharest Stock Exchange lost more than 5% yesterday, the biggest decline of the last three months, after the BET index (which indicates the evolution of the 10 most liquid shares on the market) approached a 3-year low. None of the 25 most traded shares ma...
Worst hit companies on the Bucharest Stock Exchange this year
Companies with medium capitalisation on the Bucharest Stock Exchange were among the worst hit by the decline since the beginning of the year, having lost 40% to 60% of their value, while the...
Youngest equity funds badly hit by stock market adjustments
The youngest equity funds on the market were also the most exposed to adjustments on the stock exchange over the last few months, with the three open-end investment funds that launched opera...
Euro may hit 3.5 RON, but where will it go from there?
The euro could climb to a level of 3.5 RON, or even higher, over the coming period, but what direction the exchange rate will follow afterwards remains unclear. After the RON/EUR exchange ra...
Daw Benta sales hit 9m euros in H1
Targu-Mures-based Daw Benta Romania company, part of Daw & Caparol group, a paint and varnish producer, in the first half of this year registered turnover worth above 9.1m euros, up 57% agai...
Esprit, Springfield and Debenhams to hit the provincial stores
The Esprit, Springfield and Debenhams brands launched onto the Romanian market by the AAV Group and Fashion Retail Group, companies that posted 8 million-euro turnover in first six months on...
Stock Exhange and forex market hit by new wave of turmoil
The forex market and stock exchange were yesterday, once again, rocked by a new wave of unrest that reverberated across western markets, as names of yet more banks affected by the mortgage c...
BSE loses 1bn euros in one day, hit by corrections on foreign markets
The Stock Exchange witnessed its first severe correction yesterday, after a series of all time highs over the past month, losing a little more than 1 billion euros of its capitalisation. Thi...
Transactions on forex market hit record high in February
The interbank forex market set a new record in the volume of transactions for February with 22.5 billion euros, four times higher than the monthly average of 2004 and 62% higher than the mon...