Financial
December 05, 2013 15:47
GarantiBank provided a refinancing of 10 million euro to Tinmar, one of the largest private electricity traders in Romania. The amount is for a photovoltaic plant having an installed capacity of 10MW located in Bucsani, Giurgiu County, which is part of an 18.5MW solar park inaugurated this summer. This loan does not cover but 70% of the whole investment worth 15 million euro, being granted for an almost ten-year period, according to a press release from the bank....more »
December 05, 2013 12:26
Bucharest Stock Exchange (BVB) adjusted the composition of its indices and rebalanced them after the Index Committee meeting past Tuesday, December 3. Following the adjustment, the shares of both Romgaz (symbol SNG) and Nuclearelectrica (symbol SNN) were included in BET, BET-XT, BET-BK and, consequently, in BET-NG and BET-C indices....more »
November 29, 2013 11:29
The Bucharest Stock Exchange (BVB) decided to align to Europe’s major stock exchanges trading program which ends at 18:00 p.m. EET, according to a BVB’s release. BVB will extend therefore the trading program for the following financial instruments of the regulated spot market – shares, fund units and rights, from 16:45 to 18:00 p.m. starting January 3, 2014 when the first trading session of the next year is scheduled. ASF (the Financial Supervisory Authority) approved this change last week.  ...more »
November 28, 2013 15:27
One of the most dynamic investor on Romania’s real estate market, NEPI, increases its capital by approximately 50 million euro, amount needed for three possible acquisitions. The capital increase is supported through an accelerated book build process set for today and that recently closed according to an informing the company sent to Bucharest Stock Exchange (BVB)....more »
November 14, 2013 14:05
Romania’s economy registered an unanticipated improvement in Q3 over the first six months of the year. Preliminary estimations indicate a growth of 1.6% of the gross domestic product (GDP) compared with the April 1 – June 30 period, according to the statistics released earlier today by the National Institute of Statistics (INS)...more »
November 14, 2013 13:14
Romania’s national power grid company Transelectrica registers lower revenue on decline in the revenue got from the balancing market and in the amount of electricity supplied. As per the preliminary results, before audit, released by the state-owned company, the first nine months of the year brought a turnover of around RON1.68 billion, down 20% over the same period in 2012. ...more »
November 13, 2013 12:15
Romanian energy producers seem to be back on business after insolvency issues or losses registered over the past years. Putting Romgaz aside, which is one the most profitable companies in Romania and that enjoys a huge success these days, Nucle...more »
November 12, 2013 12:59
After a long-expected initial public offering, the biggest one in Romania’s history and successfully carried out last month, Romgaz’s Medias shares are available for trading from today on. The previously announced date – November 12, 2013, was confirmed yesterday through a press release by the Bucharest Stock Exchange (BVB).  ...more »
November 11, 2013 13:23
Trade deficit continues its decline due to a consistent growth reported in the export field, completed by a decrease of imports. While the trade deficit registered within January 1 – August 31 this year was 40% lower than last year, at nine months it is down 42% over the same period in 2012 according to an INS’s (National Institute of Statistics) report released today. ...more »
November 08, 2013 13:25
The Bucharest Stock Exchange released yesterday the financial report afferent to the third quarter of the year showing a noticeable improvement, both in the traded value and in the net profit. So, after sales revenue in the amount of RON4.7 million, up 18% over Q3 in 2012, BVB reported a net profit of RON1.2 million. The increase is mainly due to a growth in the traded value with 30% and to the successful completion of Nuclearelectrica’s IPO, worth EUR63 million....more »
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