Economics
July 04, 2014 14:01
Electrica's shares made their stock market debut with a slight increase over the final price corresponding to the recently closed initial public offering. In the first day of trading on the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LSE) where securities are available in the form of Global Depository Receipts, the open price reported by the BVB went up to 11.11 lei per share, compared to the final offer price of 11 lei and 10.45 lei, respectively, for retail investors benefitting from the discounted securities....more »
July 04, 2014 12:40
The domestic real estate market has seen a drop in terms of values of transactions in the second quarter of the year, falling to 66 million euro, following a major advance in Q1 when the combined value of such deals slightly exceeded 300 million euro, according to CBRE....more »
July 03, 2014 15:45
The Board of Romania’s Central Bank, BNR, has decided to
keep the monetary policy rate at 3.5 percent per year, the historic low
achieved in February this year, following successive drops.
An important decision taken during the board meeting
...more »
July 03, 2014 15:05
French retailer Auchan has reached an agreement for taking over 12 hypermarkets and shopping centers in Romania, in a real estate transaction coming to some 280 million euro, reads ZF....more »
July 02, 2014 16:46
Adrian Ghenie has
produced a major surprise at Sotheby’s auction in London, his work, “The Fake
Rothko” sold for 1.43 mln pounds (about 1.79 million euro) becoming the most
expensive artwork-ever of a Romanian painter.
The 2010 oil and c...more »
July 01, 2014 16:16
For the second time in insolvency, Romania’s main electricity producer and supplier reports a gross profit of 401 million lei (more than 91 million euro) cumulated within the first five months of the year, after deducting the 75 million lei tax on special construction corresponding to S1 in 2014....more »
July 01, 2014 14:46
Steel and mining company Metinvest Group established a representative sales office in Romania, one of the existing destination markets for its products. The group’s domestic office will operate under Metinvest Carpathia brand and will be focused on strengthening the cooperation with Metinvest’s steel products customers in Romania while providing them with fast and efficient services, states a press release....more »
July 01, 2014 13:40
The London based Acquisition International Magazine declared Maravela & Asociatii both Mergers & Acquisitions and Contract Law firm of the year in Romania, placing the law firm among top-tier global players such as Linklaters, Herbert Smith, K&L Gates, Norton Rose, Baker & McKenzie or Bird & Bird....more »
June 30, 2014 13:29
The European Bank for Reconstruction and Development has
invested over 320 million lei (some 75 million euro) for an 8.6 percent stake
in Electrica, becoming the second largest shareholder of Romania’s electricity
distribution company upon com...more »
June 27, 2014 15:37
Electrica announces a final offer price of 11 lei per share and 13.66 dollar per GDR (Global Depository Receipts), thus pricing its recently-closed initial public offering at low end of range. Romania’s leading distributor and supplier of electricity has succeeded to rise about 1.95 billion RON, making the IPO the biggest ever run on the Bucharest Stock Exchange....more »
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