Romgaz officially announced its intention to run an IPO (initial public offering) for 15% of the state-company's shares as per a company release. The shares listing is part of the privatization strategy of Romgaz stated by the Governmental Decision no. 831/2010. ...more »

Following the growth registered by exports and the decrease of imports over the first eight months of the last year, INS (National Institute of Statistics) reports a fall of 40 per cent in trading deficit....more »

Two bond auctions brought Romania's Ministry of Public Finance EUR337 million (RON1.5 billion), 50% more than the debt planned to be sold....more »

BNR (Romania's central bank) decided on reducing again the monetary policy rate after a similar measure has been applied upon the previous Board of Directors meeting in August 2013. Under these circumstances, starting October 1st, the rate is 4.25%, 0.25 percentage points down.'During the meeting BNR's Board of Directors had on September 30, there has been decided to lower the monetary policy rate to 4.25% a year from 4.5%, starting October 1st , to properly manage liquidity in the banking system, as well as maintain the current levels of minimum reserve requirement ratios on both RON- and foreign currency-denominated liabilities of credit institutions.' BNR announced through a press release....more »

The IPO (Initial Public Offering) run by Adeplast, the Romanian market leader in construction materials field, is in the spotlight of the local stock market. The offering is the first one in the Romanian private sector in the last five years, as well as the first one in which all subscriptions are revocable.Razvan Pasol, President at Intercapital Invest, the company assisting the offering, together with BCR, also stresses the importance of AdePlast's IPO: 'The AdepLast's initial public offering is one of the most important stock events in the last years. Through AdePlast's listing we show that powerful Romanian companies are able to finance their development through the capital market as well.(...) He hope that other successful Romanian contractors will follow AdePlast.'Being launched on October 2, it will be open until October 15, the company planning to sell 16.5 million shares priced at RON3.52 to RON4.06 in order to possibly attract up to RON66.7 million (about EUR15 million)....more »

Proprietatea Fund (FP) has announced its intention to initiate a second public offering through which will redeem about 600 million shares from the fund's shareholders....more »

The sale of the Romanian unit of the largest Portuguese bank listed on the stock is included in the BCP's restructuring plan. “The plan foresees the sale of BCP’s operation in Romania in the mid-term, as well as the sale of the bank’s shareholding in Piraeus Bank, acquired as part of the sale of Millennium Bank Greece,” BCP said in a statement....more »

Romania’s Nuclearelectrica nuclear national corporation has started an initial public offer (IPO) through which will sell a 10 per cent stake in-state owned. ...more »

Romania raised EUR1.5 billion in a seven-year euro-denominated bond transaction arranged by Citigroup, HSBC, Deutsche Bank and Societe Generale. The said amount was raised at 295 points over the reference mid-swap rate which at this point is around 1.825%, meaning that the yield of the bonds is 4.77%. Also, the order books amounted to EUR6.2 billion, exceeding more than four times the maximum amount targeted by the Romanian Ministry of Finance. Up to this point, Romania has sold nearly EUR 7 billion in leu-denominated notes and around EUR1.4 billion in three euro-denominated auctions....more »

Despite the losses reported by the financial and banking sectors over the past years, the foreign shareholders of banks, insurers and leasing companies of Romanian subsidiaries allocated EUR 240 between in January and July 2013 to capital increases...more »