Economics
October 17, 2013 14:45
Ibiza Sol follows Citadella Titan model, another real-estate project on sale upon becoming insolvent in 2012. The reorganization plan approved by its creditors provides either the sale of the whole project or the separate sale of the housing units, procedure meant to recover around EUR33 million. However, the creditor banks Alpha Bank and Raiffeisen Bank could take over the project themselves....more »
October 17, 2013 12:46
Hidroelectrica exceeded the performance indicators stipulated on the 2013 budget, in spite of facing a poor year in terms of hydrology, a lower demand on the electricity market and a decrease of the shipping prices, shows a press release....more »
October 17, 2013 11:15
Jinga, Maravela & Asociatii law firm announces its successful representation of a regional contracting authority in a litigation against the Romania’s Ministry of Environment, through a company release sent to Govnet. The contracting authority whose name cannot be disclosed at this point is a state-owned company running a EUR120 million European funding project....more »
October 16, 2013 13:29
Proprietatea Fund (FP) has started its public offering through which expects to redeem up to 600 million shares from the fund’s shareholders after receiving on October 10 the approval from the Financial Supervisory Authority (ASF). ...more »
October 16, 2013 11:39
AdePlast’s initial public offering (IPO) for listing on the Bucharest Stock Exchange (BVB), the first one run by a private company over the past five years, failed since the minimum thresehold of the shares the construction company offered for subscription has not been reached....more »
October 15, 2013 13:06
Romanian Government failed to carry out the privatization of CFR Marfa, checking another fiasco on its list. Next foreseeable step: finding someone to blame as both parties involved – the Ministry of Transport and GFR, don’t admit any liability for this failure....more »
October 14, 2013 10:04
The privatization of CFR Marfa saga is
almost over. Since the afferent Emergency Ordinance stipulates October 14 as the
deadline for carrying out the privatization and the draft of the Ministry of
Transport for delaying it was not even discussed during the last Governmental
meeting, the very next period is decisive for its completion or its failure. ...more »
October 13, 2013 12:38
Romgaz
officially announced its intention to run an IPO (initial public
offering) for 15% of the state-company's shares as per a company
release. The shares listing is part of the privatization strategy of
Romgaz stated by the Governmental Decision no. 831/2010. ...more »
October 10, 2013 11:27
Following
the growth registered by exports and the decrease of imports over the
first eight months of the last year, INS (National Institute of
Statistics) reports a fall of 40 per cent in trading deficit....more »
October 09, 2013 15:40
EU Commission has decided to eventually resume payments towards Romania through POS CCE (Operational Program 'Increase of Economic Competitiveness') subsequent to measures taken by Romanian Government in that regard in order to comply with the Commission's recommendation. One of them was evaluating in August about 4000 financing requests that have been submitted starting 2011 reads a press release of the Ministry of European Funds. ...more »
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