10.03.2014

Insurance company Astra (ATRA.RO), owned by Romanian businessman Dan Adamescu and placed under special administration in February, increased its share capital by RON65.1 million, to RON257.8 million, more

09.23.2014

Lukoil Europe Holdings BV, the majority shareholder of Petrotel-Lukoil refinery, will increase the refinery’s share capital by 153.7 million lei (EUR35 million), to RON455.3 million. more

08.04.2014

Western Europe generated 84% of new Dacia cars registrations in the first half of 2014, yet the brand did not make it among the top ten in any of the 15 markets there except for France, ZF has found more

07.31.2014

Romanian businessman Ion Tiriac has increased his stake in Cluj-based car dealer RMB Inter Auto, which he owns together with the current transport minister Ioan Rus, from 55% to 70%, according to more

07.25.2014

Romanian investment fund Fondul Proprietatea (FP.RO) on Friday said it has completed a third share repurchase program under which it bought back 2.02% of its paid share capital in exchange for 205.46 more

07.10.2014

Fondul Proprietatea (FP.RO) is getting ready to sell its shares in oil transmission company Conpet Ploiesti (COTE.RO) worth 125 million lei (EUR28 million), market sources say, following the sale of more

07.09.2014

An encouraging sign at the top of the bank ranking by assets: BCR, the largest lender in Romania, stopped losing market share and even grew slightly in the first five months of the year from a 17.5% more

06.18.2014

Bucharest Stock Exchange is flooded by the biggest share offering in its history, worth 3 billion lei (EUR700 million), in the energy system’s crown jewels Romgaz (SNG.RO) and Electrica (EL.RO). more

06.12.2014

Second tier banks can very well survive without attaining significant market share because the crisis forced them to cut red tape, better assess risks and seek to specialize on a client niche. This more

06.02.2014

Romanian pharmaceuticals company Ropharma Brasov (RPH.RO) on Monday said it has closed a share buyback program launched in early May through which it had planned to repurchase up to 29.1 million of more

05.22.2014

The share capital of Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) was raised by 81.5 million lei (EUR18.4 million), from RON6.5 million to RON88 million. more

05.08.2014

The takeover of the ENI (Agip) gas stations in central Europe will take Hungarian oil and gas group MOL’s revenue on the Romanian market to more than one billion euros. The takeover, however, does more

04.29.2014

A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of the fund. more

04.28.2014

Shareholders of Romania’s regional investment fund SIF Transilvania (SIF3.RO) approved the doubling of the fund’s share capital from RON109.2 million to RON218.4 million, by capitalizing RON109.2 more

04.28.2014

OTP Bank Romania, the local unit of Hungary’s financial group OTP, hiked its share capital by RON50 million, from RON732.9 million to RON782.9 million, via cash contribution from its main more

04.11.2014

Majority shareholder of Banca Romana de Credite si Investitii, or BRCI, Dorinel Umbrarescu, plans to increase the bank’s share capital by EUR20 million, lei equivalent, in accordance with the more

04.07.2014

Romanian insurer Astra has to hike its share capital by 490 million lei (EUR110 million) in the next 12 months, out of which RON70 million in the first stage, according to the recovery plan approved more

03.25.2014

Shareholders of Romanian brick maker Cemacon (CEON.RO) approved the share capital decrease by RON25.7 million, to around RON526,000, due to losses amassed by the company over the last five years. more

03.14.2014

The shares of the five regional investment funds (SIF) are down compared with the beginning of the year and the SIFs that announced they would not be paying any dividends suffered the most: SIF more

03.10.2014

Romania's largest lender Banca Comerciala Romana saw its corporate loan portfolio dwindle by RON1.3 billion between September 2013 and November 2013 alone, while its retail loan volume shrank by more

03.06.2014

The banking market is coping with declines, and even the largest players are unable to find ways to grow. However, not less than 20 banks are still operating with market shares of below 1%. Some more

02.28.2014

The management of Romanian regional investment fund SIF Transilvania (SIF3.RO) proposes that last year’s profit of 189.6 million (EUR43 million), should be used to double share capital, to more

02.26.2014

Insurer Euroins Romania will increase its share capital by 100 million lei (EUR22.1 million), to RON238.5 million, by shareholders’ cash contributions, following a decision of the company’s more

02.24.2014

Romanian investment fund Fondul Proprietatea (FP.RO) Monday said it has received regulatory approvals to lower its share capital by 240.3 million lei (EUR53.3 million) to approximately RON13.54 more

02.24.2014

Lending market shrank by almost 5% in 2013, but Banca Transilvania (TLV.RO), UniCredit, Raiffeisen and ING continued to boost portfolios, while the leaders of the banking system, BCR and BRD (BRD.RO), more