Financial
Garanti Leasing and EBRD sign a EUR 10 million agreement to boost small businesses
Garanti Leasing, part of the financial group Garanti Romania, has signed a loan agreement of 10 million euros with the European Bank for Reconstruction and Development (EBRD), aiming to broaden access to finance for local micro, small- and medium-sized enterprises (MSMEs). more »
Another year for BVB for receiving the emerging market status
The Bucharest Stock Exchange is still on the waiting list for receiving the emerging market status, as a result of the annual ranking by the London-based FTSE Russell financial assessment agency. Thus, although it had a sequence of listings - MedLife, Digi Communications and AAGES Targu Mures - the BVB remains a border market due to the reduced liquidity more »
September 28, 2017 17:09
PeliFilip assisted the International Investment Bank (IIB) regarding its first EUR 60,000,000 bond issue and its third issue of RON-denominated bonds worth RON 300,000,000 at Bucharest Stock Exchange (BVB), the law firm announced on Thursday. The transaction represents a premiere for the Romanian stock market. ...more »
September 20, 2017 11:00
The Government announced the National Budget amendment and approx. EUR 140 mil. (RON 638 mil) were allocated for State Aid for financing investment projects, which is the maximum amount possible for 2017. In this context, the next phase should be that the Romanian authorities announce the opening of the window for applications very soon....more »
September 07, 2017 10:26
The total trading value of equities exceeded EUR 1.5 billion on Bucharest Stock Exchange (BVB) by the end of August, up by 35% as compared to the first eight months of the previous year. The Investors bought and sold shares worth EUR 180 million last month, which is 27% over the value posted in July 2017. As compared to August last year, the total trading value of equities surged by 85 percent....more »
July 24, 2017 06:19
The listing of Digi Communications and AAGES places Romania second in Central and Eastern Europe (CEE) by the number of initial public offerings (IPO) after the Warsaw capital market, the Bucharest Stock Exchange (BVB) said in a release.  "The Bucharest Stock Exchange is second in the Central and Eastern European capital market where initial public offerings (IPO) have been successfully concluded in the second quarter of this year, for a cumulative amount of over 208 million euro, according to BVB. ...more »
June 20, 2017 15:20
The cumulative level of the net assets of the five SIFs (Financial Investments Society) was 8.15 billion lei in May, up 5.8 pct from the level recorded at the end of April, reads a press release of the Association of Fund Managers in Romania.  "Following the evolution of the net assets in the reported month, we can see that the five SIFs registered only positive developments, with a 7.5 pct growth in SIF Moldova, 6.4 pct at SIF Transilvania, 6.3 pct at SIF Oltenia, 4.6 pct at SIF Banat-Crisana and 4.1 pct at SIF Muntenia," reads the quoted document....more »
June 19, 2017 15:34
The number of the foreign participation companies registered in Romania January through May is up 8.5 percent, as compared to the similar period of 2016, to 2,406 units, read the data released by the National Trade Register Office (ONRC). The new registered companies have a share capital worth over USD 16.7 million, up 8.7 percent against the January-May 2016 reference period....more »
May 23, 2017 11:19
The mandatory private pension funds (Pillar II) had assets worth approximately 34.75 billion lei on April 30, 2017, up 32.15 pct year-over-year, according to the data relesed by the Financial Supervision Authority (ASF). The state securities hold the largest share in the assets, of 21.92 billion lei, respectively 63.09 pct. Shares rank second, with 6.95 billion lei (20.02 pct). Bank deposits rank third in this respect, with 2.56 billion lei and 7.38 pct of the total assets respectively....more »
May 17, 2017 15:12
Romania's Q1 2017 Gross Domestic Product (GDP) advanced 5.7 percent in unadjusted terms and 5.6 percent in terms adjusted for seasonality, both against the same quarter of 2016, according to flash estimates released by the National Institute of Statistics (INS). The Q1 2017 GDP was 1.7 percent higher in real terms than the Q4 2016 GDP.  INS says the seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q1 2017, the revision being insignificant as compared to the version published on April 7, 2017....more »
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