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Econ Crisis Shouldn’t Block State Cos’ Stock Mkt Listing – BVB Head

The current economic crisis should not be an impediment in listing the state-run companies on the stock market, Stere Farmache, head of the Bucharest Stock Exchange, said Tuesday.

Stere Farmache Reelected Bucharest Bourse President

The Bucharest Stock Exchange’s shareholders on Friday reelected Stere Farmache as Chairman of the Board.

Romanian International Caviar Corporation May Be Listed At Frankfurt

Romanian aquaculture company International Caviar Corporation (AMAL.RO), former Agromec Calan, might list its shares on the Frankfurt Stock Exchange, after German bank Mercurius said it would be willing to broker the operation.

Romanian Shrs Open Up In Line With Intl Bourses

Romanian shares opened higher Tuesday, after two consecutive days on a downward trend, following the trend of international bourses, amid lower traded values, 55% supported by trades with shares of lender BRD and oil company Petrom.

Bucharest Stock Exchange GM To Resign

Bucharest Stock Exchange general manager Stere Farmache informed Wednesday the bourse's Council on his intention to resign due to an offer received from the private sector, but will remain the bourse’s president.

Romanian Stock Exch Launches New Internet Services Tuesday

The Romanian Stock Exchange, or BVB, will launch Tuesday new Internet and mobile Internet services to align the market to the accessibility standards of similar institutions in Western Europe, the bourse said.

Romanian Shrs Open Higher On Positive Intl Trend

Romanian shares opened higher Friday, following the positive trend on international markets, with the five regional investment funds, or SIFs, gaining ground.

Romanian Shrs Surge Amid Double Traded Values

Romanian shares soared Tuesday, continuing the previous day’s trend, amid higher traded values, with the country’s five regional investment funds SIFs greatly extending Monday’s gains.

Romanian Shrs Soar In Early Trade, SIFs Strenghten

Romanian shares opened higher Monday, with the five regional investment funds, or SIFs, gaining ground, brokers said.

Romanian Suspends Tax On Stock Exchange Invest Profit In ’09 – PM

The Romanian Government decided Wednesday that profits made from stock exchange investments would not be taxed in 2009, Prime Minister Calin Popescu Tariceanu said.

Tax-Free Stock Mkt Gains To Lower Romania Budget Rev In ’09 –Fin Min

The tax exemption for the Stock Exchange gains reported by the local and foreign investors will lower Romanian budget revenues by 68 million lei (EUR1=RON3.8720) in 2009, Ministry of Economy and Finance announced Friday.

Romanian Fin Min May Support The Bourse Through Fiscal Measures

The Romanian Economy and Finance Minister Varujan Vosganian negotiates with stock market representatives the launch of a series of actions, including fiscal measures, to sustain the bourse.

Romania Fin Min Plans To List Bonds June 28

Romania’s Economy and Finance Ministry plans to introduce Monday on a secondary market on the Bucharest Stock Exchange the trading of bonds so far sold by the ministry, Finance Minister Varujan Vosganian said Wednesday.

Foreign Purchase Of Romania Shrs, Bonds 4-Mos RON207.8M Vs RON1.11B On Yr

The combined volume of shares and bonds that foreign investors bought on the Bucharest Stock Exchange and the Rasdaq market in the first four months declined to 207.8 million lei (EUR1=RON3.213), from RON1.11 billion during the same period a year before,the Romanian Securities Commission said Monday

Romanian Proprietatea Fund To List At Beginning Of ’09

Romania's investment fund Fondul Proprietatea, which was set up in December 2005 to compensate Romanians for the non-return of confiscated property, will be listed on the Bucharest Stock Exchange at the beginning of 2009, the fund’s general manager Dana Lulache said Thursday.

Greek Group OTE To Buy Out Cosmote Hldrs, Take GSM Op Off Athens Bourse

Greek telecom company OTE is obliged by current regulations to acquire the shares it does not hold in Romanian GSM operator Cosmote, for EUR26.25 per share, as Monday, March 31, was the last day of trade for Cosmote on the stock market, OTE announced.

Romanian Shrs Hit 18-Mo Low, Financials Worst Hit

Romanian shares hit an 18-month low Thursday, amid average traded values, with Romanian lenders taking the worst hit, as low investor confidence triggered a massive sell-off in shares across the board, brokers said.

Romania’s BCR To Play Mkt Mkr For Erste Bank On Bourse

Romania’s largest lender, Banca Comerciala Romana (BCR) will kick off intermediation activities in the transaction system of the Bucharest Stock Exchange, according to a press release issued by the market operator.