Financial
Purcari Wineries lists on BVB after a successful IPO
Purcari Wineries, a leading CEE wine producer, lists today on the Bucharest Stock Exchange, under the WINE symbol, following a successful IPO of 49% of its shares. The offering was well received, with retail investors oversubscribing mor more »
In 2017 Romania's GDP increased by 7 percent
In 2017, the gross domestic product in Romania grew by 7.0% compared with 2016, the National Institute of Statistics announced. The Gross domestic product in the fourth quarter of 2017 was (compared to the same quarter of 2016) higher by 6.9% on the gross series and 7.0% for seasonally adjusted series. more »
February 07, 2018 16:43
The annual inflation rate climbed to 3.32 percent in December 2017 from 3.23 percent in November, above the forecasted level declared Mugur Isarescu, the governor of the National Bank of Romania . The evolution was mainly driven by the acceleration of basic inflation and, to a lesser extent, the volatility of food prices and tobacco prices. ...more »
February 01, 2018 11:52
Shares of Elvila SA, a leading furniture producer in Romania, started trading on the Alternative Trading System of Bucharest Stock Exchange (BVB) in the AeRO Premium category as of February 1, 2018, following a technical listing. Technical listing is the process by which a company shares start trading on a stock exchange without the need for any prior public offer, which means that the company's shareholding structure is not affected in any way, and the firm decides to take advantage of being a public company, such as additional visibility, credibility or transparency.  ...more »
December 07, 2017 14:05
November at full throttle on Bucharest Stock Exchange , as the shares of two companies got listed and bonds for another two start trading. Shares of Transilvania Broker de Asigurare, a leading insurance brokerage company, began trading on the Main Market of BVB from November 2, 2017. The company sold 625,000 shares or 25% of its equity. The price per share from the offer was RON 15.5 lei, and it amounted to RON 14.4510 per share after applying the 7 percent promotional discount, making the value of the offer exceed RON 9 million. Transilvania Broker became the first insurance brokerage company in Romania to be listed on BVB. ...more »
November 28, 2017 11:31
Bittnet , the first IT company listed on the AeRO market of Bucharest Stock Exchange (BVB), launched its second corporate bonds issuance worth a total of RON 4.5 million, which began trading on the Alternative Trading System of BVB from November 28, 2017. The funds thus obtained will be used to chiefly finance the acquisition of Gecad Net, founded and previously controlled by the local entrepreneur Radu Georgescu....more »
October 19, 2017 16:52
Telekom Romania and Alior Bank, one of the largest banks in Poland, have developed a new digital financial project.  ...more »
October 18, 2017 14:45
The VAT split payment system is an absolute novelty for Romanian fiscal practice and, as expected in this early period, there are still things to improve, according to EY, one of the largest consulting companies in Romania, which after two weeks of optional application of this system, identified the first basic issues. ...more »
October 04, 2017 14:23
Garanti Leasing, part of the financial group Garanti Romania, has signed a loan agreement of 10 million euros with the European Bank for Reconstruction and Development (EBRD), aiming to broaden access to finance for local micro, small- and medium-sized enterprises (MSMEs)....more »
October 03, 2017 09:23
The Bucharest Stock Exchange is still on the waiting list for receiving the emerging market status, as a result of the annual ranking by the London-based FTSE Russell financial assessment agency. Thus, although it had a sequence of listings - MedLife, Digi Communications and AAGES Targu Mures - the BVB remains a border market due to the reduced liquidity...more »
Govnet Next Events