Financial
June 12, 2014 17:07
The International Monetary Fund Mission is leaving Bucharest without any evaluation report, said Victor Ponta in a Bloomberg interview. Also, a new visit of a Fund’s mission in the next period, namely in July-August, it is uncertain, according to Mediafax which cites sources close to talks....more »
June 11, 2014 11:56
Both exports and imports have seen increasing activity in first four months of the year compared to the similar period in 2013, shows the latest report released by the National Institute of Statistics (INSSE). Also, the trade deficit became high...more »
June 10, 2014 15:09
Electroputere, the Craiova-based electrical equipment manufacturer, is running an equity offering so as to raise share capital and partially offset the debt resulted from the loan transactions the major shareholder concluded with the company, is stated by a notification sent to the Bucharest Stock Exchange where it is listed. The capital increase was approved last year in early November during the Extraordinary General Meeting of Shareholders, the Financial Supervisory Authority approving the Offering Prospectus at the end of the past month....more »
June 10, 2014 12:53
The extended deadline for submitting a biding offer for taking over the stake Oltchim S.A owns in Oltchim SPV S.R.L which expired on June 6 has not brought any investor, although there were some who purchased the Presentation file, states a press release of the Ministry of Economy which controls the company....more »
June 05, 2014 15:19
The European Bank for Reconstruction and Development (EBRD) arranged a 57 million euro loan with LUKERG Renew, a joint venture between ERG Renew (part of Italian group ERG) and LUKOIL- Ecoenergo (Russia), for a 84 MW wind farm located in southeastern Romania - Dobrogea region, states a press release. The financing is structured under the bank’s A/B loan scheme, with 38 million euro on the EBRD’s account, while the remaining amount is for the account of UniCredit....more »
June 04, 2014 15:24
INSSE (the National Institute of Statistics) today confirmed the 3.8 percent increase of the Gross Domestic Product in the first quarter of 2014, compared to the same period last year, already announced by the “flash” estimates released in mid-May. Also, the GDP in Q1 was, in real terms, 0.1 percent higher than in the last quarter of the past year....more »
May 30, 2014 17:20
Electrica announced today its intention to launch an Initial Public Offering of new ordinary shares in the share capital and global depositary receipts (GDRs) to be listed on the Bucharest Stock Exchange (the shares) and on the London ...more »
May 27, 2014 14:33
Loans granted by credit institutions to household or companies in Romania went up by 0.2 percent (down 0.1 percent in real terms) in April 2014 compared to the previous month, totaling about 218.3 billion lei, as shows the data released by the National Bank of Romania. ...more »
May 23, 2014 14:55
Upon validating the Country Partnership Strategy (CPS) for Romania for 2014-2017, the World Bank Group Board of Directors approved yesterday a 750 million euro budget support loan, the first of a series of such operations loans as per the new CPS, the Romanian Ministry of Finance announces. ...more »
May 21, 2014 13:02
During yesterday’s meeting, the Romanian Government approved an emergency ordinance and a government decision to eliminate 10 taxes and non-fiscal tariffs, while other 17 will be merged. For the remaining 65 there will be issued ministerial orders or decisions of the presidents of institutions to eliminate, so as the legislative measures come to effect by July 1, 2014, the Ministry of Public Finance announces....more »
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