Financial
December 12, 2013 14:39
Proprietatea Fund (FP) sold the entire stake of the shares held in Transgaz for more than 68 million euro (303.5 million lei), according to the information available on the Bucharest Stock Exchange (BVB) website. Its stake is equivalent to almost 15% of Transgaz capital, whose major shareholder is the Ministry of Public Finance....more »
December 12, 2013 14:27
Oltchim’s judicial administrators, Rominsolv and BDO Business Restructuring  will proceed on February 3, 2014 with the selection of the commitment offer for the acquisition of all the shares Oltchim S.A. owns in Oltchim SPV....more »
December 12, 2013 11:10
After the euphoria of the first trading days of Romgaz shares, when all investors sought to secure their profits obtained from the significant discounts they benefitted from during the IPO subscription, the trading volume of Romgaz shares on Bucharest Stock Exchange (BVB) exceeded the volume of traded Green Depository Receipts (GDRs) on London Stock Exchange....more »
December 10, 2013 13:47
Exports level reaches record high in October 2013 when the FOB (Free On Board) exports amounted to 4.7 billion euro. According to the preliminary estimations of INS (the National Institute of Statistics), CIF (Cost, Insurance & Freight) imports reached about 5.35 billion euro during the evaluated period....more »
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 »
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