Economics
October 21, 2013 16:35
Romania’s Financial Supervisory Authority (ASF) approved the amendment FP submitted in order to extend the current public offering. Hence, the offering started on October 15 will be ended on November 14, ten days later than the date firstly established. Besides the extension, ASF also approved an amendment enabling a shareholder that holds more than 600 million shares to place subscription orders for a higher number of shares and in case the offering will be oversubscribed (it has already been oversubscribed), the distribution will be made pro rata....more »
October 21, 2013 11:44
Romgaz launches the public offering for the 15% of its shares only tomorrow, October 22, since there has to pass at least two days from approving the afferent prospect and the effective launch of the IPO. ...more »
October 18, 2013 14:30
The Vice President and Board Member for the Romanian Competition Council Valentin Mircea has stepped down from the position as of October 2013. Mircea served as VP for four-and-a-half years and said he left his post October 8 of this year. Following his departure, Mircea said he would “revert to the academia” at the Center for Studies in Competition Law at the Bucharest University. ...more »
October 18, 2013 13:30
Two days following the inauguration of a photovoltaic park in Magurele, Prahova, the County Council announced that a solar plant intended to ensure the energy independence in the area is going to be established in Cornu. The project is based on European funding through the POS CCE program (Operational Program 'Increase of Economic Competitiveness ) - Priority 4 – increase of energy efficiency and supply security in the context of climate change - and the afferent contract was signed yesterday by the local authorities. ...more »
October 17, 2013 16:14
Dacia officially launched the new Duster in Romania, one month after its world premiere at the Auto Show in Frankfurt. With the debut of this upgraded series, Dacia finalizes the renewal process of its complete vehicle range, process started in March 2012 when Dacia Lodgy was launched....more »
October 17, 2013 14:45
Ibiza Sol follows Citadella Titan model, another real-estate project on sale upon becoming insolvent in 2012. The reorganization plan approved by its creditors provides either the sale of the whole project or the separate sale of the housing units, procedure meant to recover around EUR33 million. However, the creditor banks Alpha Bank and Raiffeisen Bank could take over the project themselves....more »
October 17, 2013 12:46
Hidroelectrica exceeded the performance indicators stipulated on the 2013 budget, in spite of facing a poor year in terms of hydrology, a lower demand on the electricity market and a decrease of the shipping prices, shows a press release....more »
October 17, 2013 11:15
Jinga, Maravela & Asociatii law firm announces its successful representation of a regional contracting authority in a litigation against the Romania’s Ministry of Environment, through a company release sent to Govnet. The contracting authority whose name cannot be disclosed at this point is a state-owned company running a EUR120 million European funding project....more »
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 »
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