capital market

The Bucharest capital market, promoted to emerging market status in September last year by FTSE Russell, hit an all-time high on Tuesday as its main index, BET, broke the previous record of 10,813 points, untouched since July 24, 2007, and closed at 10,844 points.

The shares of dairy producer Albalact will be withdrawn from trading on the Bucharest Stock Exchange, starting Tuesday, April 18, after the company had been acquired by French group Lactalis.

Romania's social democrat presidential candidate Mircea Geoana on Tuesday said the authorities' last year decision not to tax capital market gains should be kept in 2010, to stimulate the stock market investments.