Financial
January 05, 2015 15:07
The euro dropped to its lowest level since 2006 on rumors that the European Central Bank will launch a bond-buying programme, the uncertain outcome as regards Greece’s possible exit from the Euro zone also affecting the euro’s index, reads Reuters....more »
December 15, 2014 13:31
Hidroelectrica has exceeded the 1 billion lei target profit for 2014 in the first eleven months of the year, reporting a profit of 1.073 billion lei, a record level, after a 28 percent advance year-on-year, triggered by lower operating expenses and increasing energy production....more »
December 11, 2014 17:21
The Romanian Financial Supervision Authority (FSA) has approved the regulation concerning AeRO, the alternative trading system of the Bucharest Stock Exchange for small and medium-sized enterprises, reads a press release of BVB....more »
December 11, 2014 14:45
EximBank has provided a 54 million lei loan to EPC contractor Romelectro, funds destined to execute the contract concluded with Transelectrica  at the end of September 2012 for the refurbishment of the Bradu station....more »
December 10, 2014 14:58
The Romanian Post will end 2014 with operating profit of 74.3 million ron (16.7 million euro), ending six years of successive losses, according to the Ministry for Information Society, its majority shareholder....more »
December 10, 2014 11:32
Banca Transilvania has reached an agreement to acquire the entire shareholding of Volksbank Romania (VBRO) from Austria’s Volksbank AG, Groupe BPCE (Banque Populaire Caisse d’Epargne), DZ Bank AG and WGZ Bank AG, states a press release of the Romanian bank....more »
December 09, 2014 16:38
Prime Minister Victor Ponta has announced that the Government has reached an agreement with the representatives of the International Monetary Fund and the European Commission on the 2015 budget which provides a deficit of 1.83 percent of the gross domestic product. The draft budget will be finalized in the coming days and it shall be approved by the Government in an extraordinary meeting on Friday, December 12. Subsequently, it will be sent to the Parliament....more »
December 05, 2014 12:38
The largest public offer of Fondul Proprietatea’s fourth buy-back programme launched on November 3 ended on December 2, 2014, being very attractive to investors who subscribed for 13.47 times more shares than offered – 750,000,000, representing 6 percent the fund’s share capital. Hence, the total number of shares subscribed in the offer was 10.109 billion shares, while the total number of FP shares comes to 12.437 billion....more »
December 03, 2014 12:15
Alpha Bank has acquired the insolvent residential compound developed by Indian group Asmita and British investment fund Convergence Development Limited on account of a debt of around 40 million euro. In 2006, the bank provided an 80 million euro loan for the real estate project which required initial investment of about 120 million euro....more »
November 28, 2014 15:41
Romania will receive over 441 million euro in the period 2014-2020 to fight against poverty, as the European Commission has approved its operational programme to use the new Fund for European Aid to the Most Deprived (FEAD). The money will be used to provide food to those most in need, as well as school supplies to children in difficulty, reads a press release of the Commission....more »
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