Financial
December 09, 2014 16:38
Prime Minister Victor Ponta has announced that the Government has reached an agreement with the representatives of the International Monetary Fund and the European Commission on the 2015 budget which provides a deficit of 1.83 percent of the gross domestic product. The draft budget will be finalized in the coming days and it shall be approved by the Government in an extraordinary meeting on Friday, December 12. Subsequently, it will be sent to the Parliament....more »
December 05, 2014 12:38
The largest public offer of Fondul Proprietatea’s fourth buy-back programme launched on November 3 ended on December 2, 2014, being very attractive to investors who subscribed for 13.47 times more shares than offered – 750,000,000, representing 6 percent the fund’s share capital. Hence, the total number of shares subscribed in the offer was 10.109 billion shares, while the total number of FP shares comes to 12.437 billion....more »
December 03, 2014 12:15
Alpha Bank has acquired the insolvent residential compound developed by Indian group Asmita and British investment fund Convergence Development Limited on account of a debt of around 40 million euro. In 2006, the bank provided an 80 million euro loan for the real estate project which required initial investment of about 120 million euro....more »
November 28, 2014 15:41
Romania will receive over 441 million euro in the period 2014-2020 to fight against poverty, as the European Commission has approved its operational programme to use the new Fund for European Aid to the Most Deprived (FEAD). The money will be used to provide food to those most in need, as well as school supplies to children in difficulty, reads a press release of the Commission....more »
November 28, 2014 12:01
The Romanian Financial Supervisory Authority (FSA) has not approved the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, because it did not meet the majority of required votes, announces Fondul Proprietatea, also pointing out that no argumentation in the support of this decision has been presented....more »
November 27, 2014 16:33
The European Bank for Reconstruction and Development is releasing a 23 million euro loan for the confectionery factory Turkey’s ETI will establish in Craiova, Romania, announces a press release. The total cost of the investment, a greenfield one, will be 40 million euro, the candy manufacturer having also been granted a 6 million euro aid by the Romanian State....more »
November 26, 2014 17:40
Banca Transilvania has announced that it is negotiating on potential acquisition of Volksbank Romania, confirming information published in the media about talks between the two banks....more »
November 25, 2014 14:50
The South African investment fund, NEPI, has closed the accelerated book build launched on November 24, the amount to be raised totaling approximately 150 million euro, funds which will be used to finance the acquisition of Promenada Mall in Bucharest....more »
November 24, 2014 14:46
New Europe Property Investment (NEPI) is running a new equity raising of about 100 million euro through an accelerated bookbuild conducted on the Johannesburg Stock Exchange and the London Stock Exchange, after last month the South African inve...more »
November 21, 2014 11:41
The European Commission approved the release of additional 262 million euro from the Cohesion Fund to cover the costs incurred by Romania with the construction of two sections of motorway, reads a press release. ...more »
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