Economics
Monsanto invests over 23 million euro in GM seeds station in Romania
November 05, 2013 16:11
Monsanto expands its production and processing corn capacity in Romania after completing a EUR23.7 million investment in the Sinesti seeding processing station, in Ialomita County. The Sinesti station is an important contributory factor to the l...more »
BNR drops the monetary policy rate to 4%
November 05, 2013 14:01
Romania’s central bank decided on cutting down another 0.25 percentages from the monetary policy rate, as anticipated. Thus, BNR agreed to reduce the monetary policy rate to 4% a year after similar decisions that were made within the past months. ...more »
Real estate investments, down 50% in 2013
November 05, 2013 12:44
Real estate investments went down more than 50% in Romania within the first nine months this year. Thus, after the third quarter in 2013, the total investments in the real estate sector amount EUR84 million, whereas after the same period last year, the figures indicated EUR172 million according to a CBRE report, Agerpres  informs....more »
Getin Holding buys Romanian International Bank
November 05, 2013 10:56
Polish bank Getin Holding announced yesterday it agreed to purchase Romanian International Bank (RIB) for an undisclosed sum, states Reuters. That was the only statement the bank made in this respect, avoiding any further comments on the subject....more »
Superman 'runs' a brand image campaign for Immofinanz Group
November 04, 2013 17:03
Based on the slogan launched last year – ’more than office‘, the real estate group Immofinanz starts the brand image campaign, ‘Even Clark Kent prefers to stay at the office‘. Having Warner Bros. Consumer Products Germania as partner, Immofinanz aims to identify with one of the most popular superheroes ever, the DC Comics character, Superman and his civil identity, Clark Kent shows a company release....more »
New car registrations, up 28.5% in Q3
November 04, 2013 14:36
Car registrations show an improvement, after nine months in 2013, following a decline registered within the first six months this year, states a report released by INS (National Institute of Statistics). ...more »
Nuclearelectrica's shares trading starts today
November 04, 2013 12:59
Starting today, November 4, the shares issued by Nuclearelectica, can be traded on Bucharest Stock Exchange (BVB) following the favorable notice given by BVB Listing Committee and the approval received from the BVB Board. There is a total of alm...more »
Romgaz IPO, at the end. Romanian Government gets 1.7 billion lei
November 01, 2013 16:27
Romgaz has successfully completed its first IPO (initial public offering), the Romanian state succeeding to raise RON1.7 billion (USD534 million), nearly to the maximum targeted amount of RON1.85 billion. The offering started on October 22 and ended yesterday and the price per share that initially was estimated between RON24 and RON32 was established closely to the maximal price - RON30 per share and USD9.25 for a GDR (Global Depository Receipts)....more »
Hidroelectrica sells electricity worth 20 million euro
November 01, 2013 12:44
Hidroelectrica concluded contracts worth EUR20 million on the Centralized Market of Bilateral Contracts managed by OPCOM, the Romania’s electricity and natural gas market operator. The said amount was obtained at the auctions OPCOM organized this week, on October 30 shows a company release. ...more »
BT’s gross profit, up 4% after nine months in 2013
October 31, 2013 14:07
Another confirmation of the revival of the Romanian banking sector comes from Banca Transilvania (BT). After yesterday’s report released by BCR, showing a significant improvement after the losses recorded in 2012, the data published this morning by Banca Transilvania certifies the upward tendency in the banking area....more »
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