Govnet

Five candidates to coordinate Hidroelectrica’s IPO

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.

Bucharest Court of Appeal suspends Carrefour’s insolvency procedure

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.

EIF signs four new agreements worth 120 mln euro for low-interest SMEs loans

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.

Financial

Higher exports after 11 months in 2013. Trade deficit keeps narrowing

The positive evolution the export field recorded in 2013 reflects into a continuous decline in trade deficit which kept narrowing in November 2013, too, as per the latest report released by the National Institute of Statistics (INSSE). According to preliminary estimations of INSSE, the trade deficit dropped to about 389 million euro in November 2013, 9 percent lower compare with the same month in 2012. Also, there’s a 36 percent decrease in trade deficit considering the overall period analyzed – January 1, 2013 – November 30, 2013.

Five candidates to coordinate Hidroelectrica’s IPO

The Ministry of Finance raised 100 mln lei in 15-year bonds

Bucharest Court of Appeal suspends Carrefour’s insolvency procedure

World Bank anticipates a 2.5 percent economic growth this year for Romania

EIF signs four new agreements worth 120 mln euro for low-interest SMEs loans

Higher exports after 11 months in 2013. Trade deficit keeps narrowing

Monetary policy drops to historically low rate. BNR also lowers the cash reserve ratio

Carrefour to become insolvent for a debt of 170.000 euro