Financial

Proprietatea Fund (FP) has started its public offering through which expects to redeem up to 600 million shares from the fund’s shareholders after receiving on October 10 the approval from the Financial Supervisory Authority (ASF). ...more »

AdePlast’s initial public offering (IPO) for listing on the Bucharest Stock Exchange (BVB), the first one run by a private company over the past five years, failed since the minimum thresehold of the shares the construction company offered for subscription has not been reached....more »

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 »