Financial
January 29, 2014 15:59
Those interested in participating at the privatization of the chemical plant, still have the possibility to submit their binding offers following a postponement of the initial deadline – January 31, 2014, until March 28, 2014. The delay has been called by investors and was approved by Oltchim’s Committee and creditors which convened yesterday as per the request of the judicial administrators, Rominsolv and BDO Business Restructuring, is stated by a media release....more »
January 27, 2014 14:55
The selection process run by Hidroelectrica in view of appointing an agent for its initial public offering scheduled for June, this year, has been carried out, all technical bids being declared eligible. According to a notification published on hydro power producer’s website, the syndicate consisting of Raiffeisen Caputal & Investment and Morgan Stanely & Co International has been assigned to coordinate the said offering....more »
January 22, 2014 11:11
The European Bank for Reconstruction and Development (EBRD) anticipates a 2.4 percent economic advance for the current year, below the World Bank’s estimation of 2.5 percent announced last week....more »
January 21, 2014 15:15
After several years when the foreign direct investments in Romania went on a declining path, yet with some sign o revival in 2012, last year brought a positive evolution in terms of investments of non-resident in our country. With a significant advance in the second half of the year, the FDI totaled nearly 2.4 billion euro at 11 months in 2013, the maximum of the last four years, as per the reports published by Romania’s Central Bank....more »
January 20, 2014 16:18
EximBank signed financial agreements worth some 50 million euro with Alro Slatina for financing its current activity and issuing letters of guarantee and credit for contracts it concludes, according to a press release submitted to the Bucharest Stock Exchange. ...more »
January 20, 2014 14:45
Hidroelectrica starts the selection process of the intermediary of the Initial Public Offering for the 15 percent of the shares to be issued through an increase of its social capital. Today at noon, it was the deadline for submitting the offers which  eventually amounted to five, according to a press release of the state-owned company....more »
January 17, 2014 14:55
Romania’s Ministry of Public Finance reopened yesterday a 15-year bond issue launched in February 2012, raising 100 million lei from local banks, Agerpres informs. The maturity date is July 26, 2027 and the average yield, 5.41 percent....more »
January 17, 2014 13:57
Carrefour got the procedure of becoming insolvent suspended by the Bucharest Court of Appeal, after the Municipal Court approved last year, on December 23, the insolvency request of one of the retailer’s suppliers. Thus, the related procedure will be held off until Carrefour’s appeal will be definitively resolved....more »
January 16, 2014 16:19
World Bank has revised its initial estimation on Romania’s economic progress, setting a target of 2.5 percent growth in 2014, according to the Global Economic Prospects report published yesterday. In June 2013, the financial institution antici...more »
January 09, 2014 15:17
The European Investment Fund (EIF) has signed four new JEREMIE agreements in Romania with Banca Transilvania, BRD – Groupe Societe Generale, ProCredit Bank and Raiffeisen Bank. Based on this arrangements, other 120 million euro will be available to SMEs under the new Portfolio Risk Sharing Loan instrument, thus SMEs benefitting from much lower interest rates as well as reduced collateral requirements for new loans destined to investments or working capital....more »
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