Financial
October 30, 2013 14:50
The 2% economic growth IMF (the International Monetary Fund) estimated for Romania this year will be marginally higher, somewhere between 2.3% and 2.5% announced Daniel Daianu, First Deputy President of the Financial Supervisory Authority (ASF), according to Agerpres. Yet, the improvement is mainly due to the agricultural production which registered record volumes this year....more »
October 30, 2013 11:51
While after Q3 in 2012 BCR reported losses of more than EUR 172 million, the Group announces a net profit of almost EUR127 million within the first nine months of this year, keeping the improvement tendency reported for Semester 1. Besides that, the costs related to the risk provisions went down significantly compared to the same period in 2012, registering a decrease by 37.9% to EUR371 million according to the data showed in a BCR release....more »
October 22, 2013 12:31
Romania’s Ministry of Public Finance reopened yesterday the Eurobond issue launched last month, on September 12, borrowing EUR500 million from international capital markets. The transaction is considered a success due to the lower yield compared to the one initially applied, as per a press release from the Ministry....more »
October 21, 2013 16:35
Romania’s Financial Supervisory Authority (ASF) approved the amendment FP submitted in order to extend the current public offering. Hence, the offering started on October 15 will be ended on November 14, ten days later than the date firstly established. Besides the extension, ASF also approved an amendment enabling a shareholder that holds more than 600 million shares to place subscription orders for a higher number of shares and in case the offering will be oversubscribed (it has already been oversubscribed), the distribution will be made pro rata....more »
October 21, 2013 11:44
Romgaz launches the public offering for the 15% of its shares only tomorrow, October 22, since there has to pass at least two days from approving the afferent prospect and the effective launch of the IPO. ...more »
October 16, 2013 13:29
Proprietatea Fund (FP) has started its public offering through which expects to redeem up to 600 million shares from the fund’s shareholders after receiving on October 10 the approval from the Financial Supervisory Authority (ASF). ...more »
October 16, 2013 11:39
AdePlast’s initial public offering (IPO) for listing on the Bucharest Stock Exchange (BVB), the first one run by a private company over the past five years, failed since the minimum thresehold of the shares the construction company offered for subscription has not been reached....more »
October 13, 2013 12:38
Romgaz officially announced its intention to run an IPO (initial public offering) for 15% of the state-company's shares as per a company release. The shares listing is part of the privatization strategy of Romgaz stated by the Governmental Decision no. 831/2010. ...more »
October 10, 2013 11:27
Following the growth registered by exports and the decrease of imports over the first eight months of the last year, INS (National Institute of Statistics) reports a fall of 40 per cent in trading deficit....more »
October 07, 2013 17:03
Two bond auctions brought Romania's Ministry of Public Finance EUR337 million (RON1.5 billion), 50% more than the debt planned to be sold....more »
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