The Board of Romania’s Central Bank, BNR, decided on March 28, to keep the monetary policy rate at 3.5 percent per year, following successive drops which lead to this historic low. According to a press release, the other decisions took during ...more »

No investor has submitted a biding offer for taking over the stake Oltchim S.A owns in Oltchim SPV S.R.L by the deadline which expired last Friday, March 28, 11:00 a.m. Four potential investors purchased the Presentation file for 20.000 euro plus VAT, but no biding offer was received in due time. However, as per an informing sent to the Bucharest Stock Exchange, after the established period of time for placing binding offers ran out, there was one sent, though, not considered since it was not in line with the related provisions and therefore, it will be returned....more »

The South African investment group NEPI (New Europe Property Investment) has been provided a 20 million euro loan by Garanti Bank, a member of Turkiye Garanti Bankasi AS, for refinancing part of the investment in Shopping City Galati, proper...more »

The European Investment Bank (EIB) is lending up to 50 million euro to Garanti Bank, money that will be allocated to finance projects run by Small and Medium Enterprises, midcap companies and public sector entities in Romania. The loan is focused on fostering undertakings with positive impact on unemployment in the country....more »

Foreign direct investments (FDI) in Romania have seen an 8 percent increase in the first month in 2014 compared to January 2013, amounting to 244 million year, according to o report released by Romania’s Central Bank....more »

Fondul Proprietatea (FP) advises its shareholders to support a secondary listing of the Fund on the Specialist Fund Market (SFM) of the London Stock Exchange by the end of 2014....more »

The credit rating agency has affirmed Romania’s long-term IDR (Issuer Default Rating) at ‘BBB-‘ and local currency IDR at ‘BBB’, the outlooks being stable, a press release states. Similarly, the issue ratings on senior secured foreign and local currency bonds have been affirmed at ‘BBB-‘ and ‘BBB’, respectively. ...more »

The upward trend Nuclearelectrica has seen within the first nine months of the past year has been confirmed by the financial report the nuclear company released at the end of the last week and that shows a major improvement, especially in terms of profit which amounted to some 417.4 million lei, 17 times more than in 2012. However, these are preliminary results. ...more »

Following the loss of nearly 277 million euro in 2012, BCR has recorded a major advance last year, posting a profit of some 134 million euro on a significantly better operating result which balanced the costs related to risk provisions that are still high. Although there was a decline by 8.9 percent in total assets which dropped to around 15 billion euro, BCR has preserved its market share, remaining the leading bank in Romania....more »

In its probably most important year, given the successfully run IPO last fall, Romgaz recorded a lower profit compared to 2012, although the turnover has advanced....more »