Financial
April 29, 2014 11:56
The Extraordinary General Meeting of Shareholders of Fondul Proprietatea (FP) yesterday approved the secondary listing on the London Stock Exchange, as previously recommended by Franklin Templeton, the Fund’s manager. By this initiative which should be carried out by the end of the year, FP aims at broadening the foreign investor base, increasing demand, as well as expanding coverage of investment banks or brokers....more »
April 28, 2014 12:31
Moody’s Investors Service has changed the outlook on Romania’s Baa3 government bond rating to stable from negative following improved fiscal and current account metrics and lower risks to growth and balance of payments from Euro area in 2013, also affirming the P-3 short term rating on government bond, according to a press release....more »
April 22, 2014 11:26
Banca Transilvania has a new shareholding structure, with its majority capital becoming Romanian, after Bank of Cyprus sold last Friday, April 18, nearly 10 percent of its stake – about 220 million shares, according to a notification posted on...more »
April 11, 2014 16:00
The first two months of the year have seen a 35.6 percent year-on-year advance in terms of foreign direct investments (FDI) in Romania, totaling 282 million euro, according to a report released by Romania’s Central bank (BNR). ...more »
April 09, 2014 16:30
After a year during which the trade deficit kept narrowing, the latest report released by the National Institute of Statistics (INSSE), shows that the first two months of the year recorded a higher trade deficit compared to the similar period in...more »
April 08, 2014 16:07
The South African investment group NEPI (New Europe Property Investment) has run an equity raising of some 80 million euro through an accelerated book build, funds that will be used to support its future development  and potential acquisition opportunities within Romania and the broader Central Eastern Europe region, according to an informing sent to the Bucharest Stock Exchange....more »
April 07, 2014 15:39
BCR, BRD – Groupe Societe Generale, Raiffeisen Bank and UniCredit Tiriac Bank are going to establish the Council of Employers in Romania’s Banking Sector (CPBR), an entity intended to promote its members’ interest in their relations with the authorities, Mediafax informs. The registration procedures have already been initiated, the corresponding documents being submitted to the Bucharest Court, hence it is expected to be completed in the first half of the year – by the end of June 2014....more »
April 02, 2014 14:29
Hidroelectrica continues reducing its financial liability after refunding the remaining balance of a short-term loan worth 80 million euro granted in 2009 by Alpha Bank. According to the company, last week, it also closed an investment loan of 100 million euro contracted in 2011 from the European Bank for Reconstruction and Development, without drawing under the credit agreement....more »
March 31, 2014 15:39
The Board of Romania’s Central Bank, BNR, decided on March 28, to keep the monetary policy rate at 3.5 percent per year, following successive drops which lead to this historic low. According to a press release, the other decisions took during ...more »
March 31, 2014 12:22
No investor has submitted a biding offer for taking over the stake Oltchim S.A owns in Oltchim SPV S.R.L by the deadline which expired last Friday, March 28, 11:00 a.m. Four potential investors purchased the Presentation file for 20.000 euro plus VAT, but no biding offer was received in due time. However, as per an informing sent to the Bucharest Stock Exchange, after the established period of time for placing binding offers ran out, there was one sent, though, not considered since it was not in line with the related provisions and therefore, it will be returned....more »
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