Economics
July 09, 2014 11:21
Building materials manufacturer Adeplast recorded an increasing turnover of 134 million lei (some 30.4 million euro) in the first half of the year, an advance by 35 percent year-on-year, according to Agerpres which cites a company informing. The export segment was one of the growth engines, accounting for nearly 4.5 percent of the reported revenues after an increase of 184 percent compared to H1 2013....more »
July 09, 2014 10:12
Fondul Proprietatea (FP) has completed the bookbuilding process for private placement on the Bucharest Stock Exchange, announced on July 8, 2014, of all securities held in Transelectrica. According to an informing from Franklin Templeton, the fund’s manager, the final number of offered shares is 9,895,212, equivalent to a 13.5 stake, valued at 21.5 lei each (approximately 4.88 euro per share)....more »
July 08, 2014 16:53
Romanian International Bank (RIB) is rebranding to Idea Bank following the recently closed transaction in which Polish bank Getin Holding took it over. The bank has also announced the relocation in Hermes Business Campus where leased 3,500 sqm for its new headquarter and the debt recovery division....more »
July 08, 2014 15:40
The Do It Yourself chain bauMax has reached an agreement for selling its domestic chain comprising 15 stores to French-based Adeo Group according to Agerpres which quotes APA. The sale was concluded through a “share deal” transaction, pending competition approval, whose price has not been disclosed....more »
July 08, 2014 12:48
eMAG IT Research will set up a software development center in Romania’s capital city, Bucharest, which will support the expansion of eMAG platform in Europe. The new center will employ about 200 people and will deliver the first software application this fall in October, expecting to come up with some 25.8 million euro for the regional development in the coming seven years....more »
July 08, 2014 11:12
Franklin Templeton, the manager of Fondul Proprietatea (FP) has announced its intention to sell up to 9,895,212 of shares, equivalent to the 13.5 percent stake currently owns in Transelecetrica, Romania’s system and transmission operator....more »
July 07, 2014 16:17
The deadline for joining the EU Business Avenues is approaching, so companies planning to expand their businesses in South Asia through this initiative launched by the European Commission can apply on the campaign’s website www.businessavenues.eu by July 11, 2014, announces Deloitte, the programme operator in Romania....more »
July 07, 2014 14:19
Lafarge assets’ in Romania could be sold as part of the strategy relative to the planned merger with Holcim to create Lafarge-Holcim, a giant group in the building materials industry, the two companies announced....more »
July 07, 2014 12:36
Dacia sales recorded a growth of 24.3 percent in the first half of the year driving the overall improvement posted by Renault Group whose global sales went up by 4.7 percent year-on-year, although sales outside Europe have seen a decline. The Romanian brand sales increased on both LCV (light commercial vehicles) and PC (passenger cars) segments, so that the total units sold within January 1 and June 30, 2014 came to about 263,000, whereas in the same period last year Dacia sold 211,600 cars....more »
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 »
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