Bucharest stocks to be closed on Jan 3

The Bucharest Stock Exchange (BVB) will be closed on Jan 3, because Romania's National Bank (BNR) declared Jan 3 a non-baking day, in order to give the banks time to prepare their informatics systems for the switch to the International Financial Reporting Standards (IFRS), due applicable starting in 2012. BVB managers decided, at the end of the last year, that no stock exchange operations are conducted on January 3, 2012, and the bourse year begins on Wednesday Jan 4. ...

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