Economics
November 05, 2013 10:56
Polish bank Getin Holding announced yesterday it agreed to purchase Romanian International Bank (RIB) for an undisclosed sum, states Reuters. That was the only statement the bank made in this respect, avoiding any further comments on the subject....more »
November 04, 2013 17:03
Based on the slogan launched last year – ’more than office‘, the real estate group Immofinanz starts the brand image campaign, ‘Even Clark Kent prefers to stay at the office‘. Having Warner Bros. Consumer Products Germania as partner, Immofinanz aims to identify with one of the most popular superheroes ever, the DC Comics character, Superman and his civil identity, Clark Kent shows a company release....more »
November 04, 2013 14:36
Car registrations show an improvement, after nine months in 2013, following a decline registered within the first six months this year, states a report released by INS (National Institute of Statistics). ...more »
November 04, 2013 12:59
Starting today, November 4, the shares issued by Nuclearelectica, can be traded on Bucharest Stock Exchange (BVB) following the favorable notice given by BVB Listing Committee and the approval received from the BVB Board. There is a total of alm...more »
November 01, 2013 16:27
Romgaz has successfully completed its first IPO (initial public offering), the Romanian state succeeding to raise RON1.7 billion (USD534 million), nearly to the maximum targeted amount of RON1.85 billion. The offering started on October 22 and ended yesterday and the price per share that initially was estimated between RON24 and RON32 was established closely to the maximal price - RON30 per share and USD9.25 for a GDR (Global Depository Receipts)....more »
November 01, 2013 12:44
Hidroelectrica concluded contracts worth EUR20 million on the Centralized Market of Bilateral Contracts managed by OPCOM, the Romania’s electricity and natural gas market operator. The said amount was obtained at the auctions OPCOM organized this week, on October 30 shows a company release. ...more »
October 31, 2013 14:07
Another confirmation of the revival of the Romanian banking sector comes from Banca Transilvania (BT). After yesterday’s report released by BCR, showing a significant improvement after the losses recorded in 2012, the data published this morning by Banca Transilvania certifies the upward tendency in the banking area....more »
October 31, 2013 12:20
Turkish business community is interested in the privatization of Oltchim, Cuprumin and Romanian Post, some of the priorities on the agenda of Romania’s Ministry of Economy announced TIAD (Turkish Businessmen Association in Romania) during a meeting with Andrei Gerea, the recently-appointed minister, also attended by the Turkish Ambassador, Omur Solendil. ...more »
October 30, 2013 14:50
The 2% economic growth IMF (the International Monetary Fund) estimated for Romania this year will be marginally higher, somewhere between 2.3% and 2.5% announced Daniel Daianu, First Deputy President of the Financial Supervisory Authority (ASF), according to Agerpres. Yet, the improvement is mainly due to the agricultural production which registered record volumes this year....more »
October 30, 2013 13:27
Romania’s Minister of Economy, Andrei Gerea, continues his campaign through which attempts to attract foreign investors to possibly take over Oltchim. Gerea met yesterday with the presidents and specialists of two Chinese companies, BAOTA Petroc...more »
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