Govnet

BNR lowers again the monetary policy rate to 4.25 per cent

BNR (Romania's central bank) decided on reducing again the monetary policy rate after a similar measure has been applied upon the previous Board of Directors meeting in August 2013. Under these circumstances, starting October 1st, the rate is 4.25%, 0.25 percentage points down.
'During the meeting BNR's Board of Directors had on September 30, there has been decided to lower the monetary policy rate to 4.25% a year from 4.5%, starting October 1st , to properly manage liquidity in the banking system, as well as maintain the current levels of minimum reserve requirement ratios on both RON- and foreign currency-denominated liabilities of credit institutions.' BNR announced through a press release.

Financial

AdePlast runs the first IPO in 5 years in Romania's private sector

The IPO (Initial Public Offering) run by Adeplast, the Romanian market leader in construction materials field, is in the spotlight of the local stock market. The offering is the first one in the Romanian private sector in the last five years, as well as the first one in which all subscriptions are revocable.

Razvan Pasol, President at Intercapital Invest, the company assisting the offering, together with BCR, also stresses the importance of AdePlast's IPO: 'The AdepLast's initial public offering is one of the most important stock events in the last years. Through AdePlast's listing we show that powerful Romanian companies are able to finance their development through the capital market as well.(...) He hope that other successful Romanian contractors will follow AdePlast.'
Being launched on October 2, it will be open until October 15, the company planning to sell 16.5 million shares priced at RON3.52 to RON4.06 in order to possibly attract up to RON66.7 million (about EUR15 million).

BCP can sell Millenium Bank Romania upon its restructuring plan was approved by European Commission The sale of the Romanian u

The sale of the Romanian unit of the largest Portuguese bank listed on the stock is included in the BCP's restructuring plan. “The plan foresees the sale of BCP’s operation in Romania in the mid-term, as well as the sale of the bank’s shareholding in Piraeus Bank, acquired as part of the sale of Millennium Bank Greece,” BCP said in a statement.

Romania's Ministry of Public Finance sold EUR 337 mln at two bond auctions

BNR lowers again the monetary policy rate to 4.25 per cent

AdePlast runs the first IPO in 5 years in Romania's private sector

FP wants to run a 600 million shares public offering

BCP can sell Millenium Bank Romania upon its restructuring plan was approved by European Commission The sale of the Romanian u

Nuclearelectrica IPO - the first one on BVB (Bucharest Stock Exchange) in the last five years

240 million Euros capital increases in the financial sector

First half of the year shows profits for banks