Financial
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 »
November 06, 2013 13:10
World Trade Center Bucharest (WTCB) reports a gross profit of nearly EUR470.000 for the third quarter in 2013 due to an increase of 54% over the same period last year when the revenue slightly exceeded EUR300.000....more »
November 05, 2013 14:01
Romania’s central bank decided on cutting down another 0.25 percentages from the monetary policy rate, as anticipated. Thus, BNR agreed to reduce the monetary policy rate to 4% a year after similar decisions that were made within the past months. ...more »
November 05, 2013 10:56
Polish bank Getin Holding announced yesterday it agreed to purchase Romanian International Bank (RIB) for an undisclosed sum, states Reuters. That was the only statement the bank made in this respect, avoiding any further comments on the subject....more »
November 04, 2013 12:59
Starting today, November 4, the shares issued by Nuclearelectica, can be traded on Bucharest Stock Exchange (BVB) following the favorable notice given by BVB Listing Committee and the approval received from the BVB Board. There is a total of alm...more »
November 01, 2013 16:27
Romgaz has successfully completed its first IPO (initial public offering), the Romanian state succeeding to raise RON1.7 billion (USD534 million), nearly to the maximum targeted amount of RON1.85 billion. The offering started on October 22 and ended yesterday and the price per share that initially was estimated between RON24 and RON32 was established closely to the maximal price - RON30 per share and USD9.25 for a GDR (Global Depository Receipts)....more »
October 31, 2013 14:07
Another confirmation of the revival of the Romanian banking sector comes from Banca Transilvania (BT). After yesterday’s report released by BCR, showing a significant improvement after the losses recorded in 2012, the data published this morning by Banca Transilvania certifies the upward tendency in the banking area....more »
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