The South African investment fund, NEPI, has closed the accelerated book build launched on November 24, the amount to be raised totaling approximately 150 million euro, funds which will be used to finance the acquisition of Promenada Mall in Bucharest....more »

New Europe Property Investment (NEPI) is running a new equity raising of about 100 million euro through an accelerated bookbuild conducted on the Johannesburg Stock Exchange and the London Stock Exchange, after last month the South African inve...more »

The European Commission approved the release of additional 262 million euro from the Cohesion Fund to cover the costs incurred by Romania with the construction of two sections of motorway, reads a press release. ...more »

The European Bank of Reconstruction and Development has acquired a 4.99 percent stake in the Bucharest Stock Exchange (BVB) as part of its strategy to promote the development of Romania’s capital markets, trough investment, technical advice a...more »

Banca Transilvania receives additional 15 million euro funds from the European Bank for Reconstruction and Development, the amount provided through this credit line being destined to lend small and medium-sized enterprises investing in energy efficiency projects. The finance agreement was signed on November 18, 2014, announces the Cluj-headquartered bank....more »

Romania’s economy resumed its uptrend in the third quarter of 2014, according to the “flash” estimates released by the National Institute of Statistics (INSSE) which reveal a 1.9 percent growth of the Gross Domestic Product (GDP) in Q3 compared to the previous three months. ...more »

Franklin Templeton, the manager of Fondul Proprietatea (FP), has announced its intention to sale up to 2,047,095, shares, equivalent to a 23.6 stake currently held in Conpet, a state-owned company operating in the field of crude oil transport and listed on the Bucharest Stock Exchange (BVB). ...more »

Hidroelectrica has recorded a gross profit of 943 million lei in the first ten months of 2014, a record level, after a 23.6 percent growth year-on-year, triggered by both increasing energy sales and strict control on prodction costs imposed by the reorganization plan issued by the judiciary administrator, the company announced...more »

Consumer prices increased by 0.2 percent in October 2014 compared to the previous month on higher prices in food and services fields, yet pulling down annual inflation rate from 1.54 percent in September 2014 to 1.44 percent, according to the dat...more »

The European Commission has acknowledged the Sebes-Turda highway project as eligible for funding, the total budget required amounting to about 621.5 million euro. The budget allocated to the first phase, which has already submitted to the Commi...more »