Hidroelectrica Holds New Tender for Equity Adviser
03.04.2020
Romanian state-owned power producer Hidroelectrica has reprised the selection process for equity advisory services in view of an initial public offering under a RON8.4 million contract after dismissing previous round bids as unacceptable.
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Coronavirus Crisis Depreciates Pension Fund Assets yesterday, 16:02
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the... more
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Vivre Deco's EUR3.5M Bonds Get OK for Stock Market Trading 04.01.2020
Romania's financial watchdog on Wednesday authorized the registration of bonds issued by Vivre Deco, one of the largest online retailers of... more
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Antitrust Body Looks into Carbo Europe's Takeover of Carbochim 04.01.2020
Romania's antitrust watchdog said Wednesday it was looking into Carbo Europe's plan to fully take over industrial abrasives manufacturer Carbochim. more
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Bucharest Bourse: FTSE Russell Confirms Romania Is On Track To Be Included In FTSE Emerging Market Indices As Of Sept 2020 04.01.2020
The Bucharest Stock Exchange, the operator of the Romanian capital market, on Wednesday said British rating agency FTSE Russell confirms that... more
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Allianz SE Reaches 5.09% Ownership in Romanian Power Utility Electrica 04.01.2020
Romanian state-owned energy utility group Electrica (EL.RO) said Wednesday that starting 26 March 2020, entities indirectly held by Allianz SE... more
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Societe Generale, Majority Shareholder Of BRD, Wants 2019 Profit Of RON1.5B To Be Allotted To Retained Earnings 04.01.2020
Societe Generale, the majority shareholder of Romanian lender BRD SocGen (BRD.RO), has called on BRD shareholders to approve, in their general... more
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ArcelorMittal Hunedoara Reduces Activity on April 1-12 03.31.2020
ArcelorMittal Hunedoara (SIDG.RO), 96.5% owned by steelworks group ArcelorMittal, said it would temporarily reduce activity in the period April... more
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Transelectrica Proposes RON35.2M Dividends From Retained Earnings Of Previous Years, At 2.8% Yield 03.27.2020
Romanian state-owned power grid operator Transelectrica (TEL.RO) said Friday in a stock market report that it will not distribute dividends from... more
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Turbomecanica Not To Pay Dividends To Its Shareholders Due To Economic Impact Of Coronavirus Crisis 03.27.2020
Shares of Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) saw an up to 14.77% decline on Friday amid deals worth nearly RON1... more
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Impact Developer Seeks To Raise Up To EUR100M With Bond Issue On Bucharest Stock Exchange 03.26.2020
Real estate developer Impact Developer & Contractor (IMP.RO), owned by businessman Gheorghe Iaciu, has summoned its shareholders on April 28, 2020... more
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Organic Fertilizer Producer Norofert Plans To Increase Share Capital By RON2.4M 03.26.2020
Norofert (NRF.RO), the largest organic fertilizer producer in Romania, has summoned its shareholders on April 28 to approve an increase in the... more
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SIF Moldova Proposes Dividends Of RON0.06/Share, At 4.7% Yield 03.26.2020
Romanian regional investment fund SIF Moldova (SIF2.RO) plans to pay out its shareholders dividends of RON0.06 per share from its 2019 net profit,... more
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TeraPlast Bistrita Seeks To Raise Share Capital By RON40.5M 03.26.2020
Romanian building materials manufacturer TeraPlast Bistrita (TRP.RO) has summoned its shareholders on April 29 to approve an increase in the... more
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Electromagnetica Proposes RON2.71M in Dividends 03.26.2020
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, will seek shareholders' approval on April 28 to... more
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Medlife Cuts Management Salaries, Puts Non-Critical Staff on Furlough 03.26.2020
Medlife, the leader of the private medical services market in Romania, said Thursday it was halving the salaries of its management team for 45 days... more
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SIF Oltenia Approves Buyback Program Worth Maximum RON66.4M, Reduction Of Share Capital By RON3.85M 03.25.2020
Shareholders of Romanian regional investment fund SIF Oltenia (SIF5.RO) on Wednesday approved the unfolding of a repurchase program of 22.15... more
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Hidroelectrica Targets RON3.9B Revenue, RON1.1B Net Profit In 2020 03.25.2020
Romanian state-owned power company Hidroelectrica on Wednesday said it expects 10% lower total revenue, of RON3.9 billion, and a 23% higher net... more
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Banca Transilvania Buys Back RON3.9M Worth Of Shares Via Two Transactions 03.25.2020
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, on Wednesday said it repurchased a total 2,362,282 shares worth RON3.9 million,... more
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Pension Funds Allowed to Invest Over 70% in State Paper for One Year 03.25.2020
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu... more
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Romanian Financial Watchdog Lowers Taxers and Fees by 25% 03.25.2020
Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and... more
Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5%
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Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis,
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BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19
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MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing,
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ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank
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Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion,
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Only 35 of the 209 hypermarkets in Romania are in Bucharest, but they account for a significant portion of sales, contributing more
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Bucharest Stock Exchange (BVB.RO), the operator of the local capital market, has lost 3.9% since the beginning of the week, as seen in
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Top 50 Romanian Brands Worth EUR5B
The 50 most powerful Romanian brands are worth about EUR5 billion, 17% more than in 2018, the latest report of Brand Finance, a global independent branded business valuation consultancy, shows.
