Economics
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 »
June 27, 2014 12:31
The Ministry for Information Society is deferring again the deadline for submitting non-biding offers and depositing the corresponding guarantee for the privatization of the Romanian Post. So instead of June 30, the new time limit for investors to register in the selection process for taking over the state-owned company is September 30, 2014....more »
June 26, 2014 15:41
Electrica has successfully carried out its initial public offering with an oversubscription of 200 percent, Razvan Nicolescu, the Minister Delegate for Energy, today announced during a press conference, according to Mediafax. He also said that the Selling Syndicate is considering the opportunity of redistributing part of the equities allocated to institutional investors towards retail investors so as to possibly supplement the share of 15 percent initially assigned to 20 percent of the 177.2 million equities available. These shares represent 105 percent of the shares in issue prior to the registration of capital increase and 51.2 percent of the shares in issue upon completion of capital increase, making the offering the biggest ever run on the Bucharest Stock Exchange....more »
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