Financial
Money available for State Aid
The Government announced the National Budget amendment and approx. EUR 140 mil. (RON 638 mil) were allocated for State Aid for financing investment projects, which is the maximum amount possible for 2017. In this context, the next phase should be that the Romanian authorities announce the opening of the window for applications very soon. more »
1.5 billion Euro shares traded on BVB in 8 months of 2017
The total trading value of equities exceeded EUR 1.5 billion on Bucharest Stock Exchange (BVB) by the end of August, up by 35% as compared to the first eight months of the previous year. The Investors bought and sold shares worth EUR 180 million last month, which is 27% over the value posted in July 2017. As compared to August last year, the total trading value of equities surged by 85 percent. more »
July 24, 2017 06:19
The listing of Digi Communications and AAGES places Romania second in Central and Eastern Europe (CEE) by the number of initial public offerings (IPO) after the Warsaw capital market, the Bucharest Stock Exchange (BVB) said in a release.  "The Bucharest Stock Exchange is second in the Central and Eastern European capital market where initial public offerings (IPO) have been successfully concluded in the second quarter of this year, for a cumulative amount of over 208 million euro, according to BVB. ...more »
June 20, 2017 15:20
The cumulative level of the net assets of the five SIFs (Financial Investments Society) was 8.15 billion lei in May, up 5.8 pct from the level recorded at the end of April, reads a press release of the Association of Fund Managers in Romania.  "Following the evolution of the net assets in the reported month, we can see that the five SIFs registered only positive developments, with a 7.5 pct growth in SIF Moldova, 6.4 pct at SIF Transilvania, 6.3 pct at SIF Oltenia, 4.6 pct at SIF Banat-Crisana and 4.1 pct at SIF Muntenia," reads the quoted document....more »
June 19, 2017 15:34
The number of the foreign participation companies registered in Romania January through May is up 8.5 percent, as compared to the similar period of 2016, to 2,406 units, read the data released by the National Trade Register Office (ONRC). The new registered companies have a share capital worth over USD 16.7 million, up 8.7 percent against the January-May 2016 reference period....more »
May 23, 2017 11:19
The mandatory private pension funds (Pillar II) had assets worth approximately 34.75 billion lei on April 30, 2017, up 32.15 pct year-over-year, according to the data relesed by the Financial Supervision Authority (ASF). The state securities hold the largest share in the assets, of 21.92 billion lei, respectively 63.09 pct. Shares rank second, with 6.95 billion lei (20.02 pct). Bank deposits rank third in this respect, with 2.56 billion lei and 7.38 pct of the total assets respectively....more »
May 17, 2017 15:12
Romania's Q1 2017 Gross Domestic Product (GDP) advanced 5.7 percent in unadjusted terms and 5.6 percent in terms adjusted for seasonality, both against the same quarter of 2016, according to flash estimates released by the National Institute of Statistics (INS). The Q1 2017 GDP was 1.7 percent higher in real terms than the Q4 2016 GDP.  INS says the seasonally adjusted series of quarterly Gross Domestic Product was readjusted as a result of the introduction of the estimates for Q1 2017, the revision being insignificant as compared to the version published on April 7, 2017....more »
May 09, 2017 16:01
Banca Comerciala Romana posted a net profit of 196.3 million lei (43.4 million euro) in the first quarter of 2017, the bank's representatives announced.  The operating result was 338.0 million lei (74.7 million euro), 2.3 percent higher than the 330.6 lei (74.7 million euro) in the previous year, as an effect of lower operating revenues (under the impact of the settlement of the portfolio of underperforming loans and of lower interest rates) coupled with lower costs.  ...more »
April 28, 2017 11:08
PeliFilip has provided legal advice to Digi Communications N.V. ("DIGI"), the majority shareholder of RCS & RDS SA, regarding the public offering of up to 21,744,108 shares at a bid price expected to be between RON 38 and RON 56 per share and the admission of the shares offered for trading on the Regulated Market at the Bucharest Stock Exchange, International Category. ...more »
April 14, 2017 14:08
The share capital of the Bucharest Stock Exchange (BVB) will grow to 80.7 million lei after the decision by the Extraordinary General Shareholders Meeting on the merger by absorption with SIBEX, a release on the BVB website reads. "By majority of votes of the shareholders present and represented in the meeting, the merger through absorption is approved between the Bucharest Stock Exchange as absorbing society and SIBEX - Sibiu Stock Exchange, as absorbed society, in accordance with the terms and conditions foreseen within the merger draft dated 24 February 2017," the document says.  ...more »
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