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.
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.
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.
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.