Economics
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 »
June 26, 2014 13:05
Romania’s main electricity producer and supplier puts up for sale other 22 small hydropower plants from its portfolio through an open outcry auction which will be conducted within September 15 and 18, 2014. The SHPs are divided in 17 asset packages and the starting price for selling all of them is approximately 55 million lei (some 12.5 million euro), according to the company....more »
June 25, 2014 16:03
Natural gas prices will be higher starting from July 1, for both households that will pay by 2.5 percent more and industrial consumers for whom the price increase is lower, by 1.5 percent, said Niculae Havrilet, President of ANRE, the National ...more »
June 25, 2014 12:33
Ovidiu Agliceru has replaced Mihai Stanculescu as general manager of Hidroelectrica, following the decision of Euro Insol, the judiciary administrator of the hydropower energy producer, the company announced through a press release. Agliceru who...more »
June 25, 2014 11:09
Four of the largest hypermarket chains in Romania are extending their product range by including a selection of more than 35 vegetables provided by domestic producers. Over 200 farmers in southern Romania will supply starting June, about 10,000 tons of vegetables to hypermarkets across the country under the new programme, “Dor de gust”, launched by producers and merchants for promoting domestic production, announces Agerpres....more »
June 24, 2014 14:21
Romania’s biggest initial public offering has been oversubscribed prior to the scheduled closing on June 25, according to Dana Mirela Ionescu, head of the Capital Markets Department within Raiffeisen Bank (one of the agents of the IPO), who was quoted by Bloomberg....more »
June 24, 2014 12:41
Services provided by the private medical operator Gral Medical have generated increasing revenues in the first half of this year, in spite of a rather stagnating domestic market, the company announces. Proceeds from medical services came to some 11.4 million euro (47 million lei), an 18 percent advance compared to the similar period in 2013, exceeding initial estimations....more »
June 23, 2014 15:05
Romania climbs one position for the second time in a row in the EY’s report on the attractiveness of investment destinations in terms of renewable energy projects. Our country is positioned the 31st among 40 countries, after the Renewable energy country attractiveness index (RECAI) released in February ranked Romania the 32nd....more »
June 20, 2014 12:39
The Czech-based group, Solek, has been provided over 6.1 million euro for refinancing four of its solar parks in Romania whose total installed power capacity totals 8.58 MW. Refinancing of two of these PV projects (a total of 3.58 MW) is ensured by Garanti Leasing, while the other two, with a cumulated power capacity of 5 MW are supported through a refinance agreement concluded with OTP Bank Romania, the company announced....more »
June 19, 2014 16:18
The real estate developer AFI Europe has signed a 220 million euro financing agreement with a banking consortium comprising of Deutsche Pfanbriefbank, Erste Group Bank and Raiffeisen Bank for refinancing AFI Palace Cotroceni, project valued in ...more »
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