Economics
October 16, 2013 13:29
Proprietatea Fund (FP) has started its public offering through which expects to redeem up to 600 million shares from the fund’s shareholders after receiving on October 10 the approval from the Financial Supervisory Authority (ASF). ...more »
October 16, 2013 11:39
AdePlast’s initial public offering (IPO) for listing on the Bucharest Stock Exchange (BVB), the first one run by a private company over the past five years, failed since the minimum thresehold of the shares the construction company offered for subscription has not been reached....more »
October 15, 2013 13:06
Romanian Government failed to carry out the privatization of CFR Marfa, checking another fiasco on its list. Next foreseeable step: finding someone to blame as both parties involved – the Ministry of Transport and GFR, don’t admit any liability for this failure....more »
October 14, 2013 10:04
The privatization of CFR Marfa saga is almost over. Since the afferent Emergency Ordinance stipulates October 14 as the deadline for carrying out the privatization and the draft of the Ministry of Transport for delaying it was not even discussed during the last Governmental meeting, the very next period is decisive for its completion or its failure. ...more »
October 13, 2013 12:38
Romgaz officially announced its intention to run an IPO (initial public offering) for 15% of the state-company's shares as per a company release. The shares listing is part of the privatization strategy of Romgaz stated by the Governmental Decision no. 831/2010. ...more »
October 10, 2013 11:27
Following the growth registered by exports and the decrease of imports over the first eight months of the last year, INS (National Institute of Statistics) reports a fall of 40 per cent in trading deficit....more »
October 09, 2013 15:40
EU Commission has decided to eventually resume payments towards Romania through POS CCE (Operational Program 'Increase of Economic Competitiveness') subsequent to measures taken by Romanian Government in that regard in order to comply with the Commission's recommendation. One of them was evaluating in August about 4000 financing requests that have been submitted starting 2011 reads a press release of the Ministry of European Funds. ...more »
October 09, 2013 11:30
Romania's Ministry of Communications and Information Society (MSI) chose Bulboaca si Asociatii law firm to provide legal support in the privatization of Romtelecom. The ministry decided in favor of the law firm upon analyzing all five offers submitted, the main decision factor being the pricing of Bulboaca si Asociatii services, which is more convenient compared to those of the other four candidates, shows a press release....more »
October 08, 2013 16:57
South area of Ilfov county continues to be the most attractive area to local real-estate investors, considering the land's price, which is low, the infrastructure of public transportation and the easy-access roads. ...more »
October 07, 2013 17:03
Two bond auctions brought Romania's Ministry of Public Finance EUR337 million (RON1.5 billion), 50% more than the debt planned to be sold....more »
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