Petroleum shares go through the roof after sale of Rompetrol

The resumption of share trading for companies from the Rompetrol group has translated into a significant rise in quotes, with the increase spreading to other issuers involved in the petroleum business. Yesterday, Rompetrol Rafinare Constanta (RRC) increased its share price by 14.3%, Rompetrol Well Services (PTR) by 14.7% and Rompetrol Bucuresti (VEGA) by 24.8% - the highest increase allowed by the listed market segment.

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Closed-end funds in Cluj rock the BSE

Closed-end investment funds managed by Cluj-based companies have achieved yields of up to 104.3% over the last 12 months.

Romanian oil man gets billions for his share in Rompetrol

Dinu Patriciu, the president of The Rompetrol Group (TRG) will get $ 2.17 billion after selling his 60% of TRG to the Kazakh company KazMunayGaz. After this transaction he is now the richest Romanian on the planet, surpassing former tennis player Ion Tiriac.