October 10, 2013 11:27
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 »
October 07, 2013 17:03
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 »
October 03, 2013 16:13
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 »
October 03, 2013 16:02
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 »
September 26, 2013 14:33
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 »
September 20, 2013 12:24
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 »
September 19, 2013 17:01
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 »
September 19, 2013 16:57
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 »
September 18, 2013 10:21
The first seven months of 2013 saw a decrease of over 30 percent in the foreign direct investment (FDI) figures hitting an almost all times low. In 2012, the volume of  FDI in Romania amounted EUR 1.6 billion, the minimum of the past ten years....more »
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