Translator RO-EN
Andrei Cîrchelan
- Fields
- Capital Market, Energy, Real Estate
- Writing for ZF since
- 2011
- Articles
- 1.882
Several Local Banks May Soon Be Targeted For Takeover - Raiffeisen
Lenders Banca Transilvania (TLV.RO), CEC Bank and Volksbank Romania may soon become candidates for takeover or state-led privatization, according to a banking sector report published Tuesday...
Romania Is Unlikely To Introduce A Special Bank Levy – Raiffeisen
The introduction of a special bank levy in Romania is unlikely, since the “influential” central bank opposes such a measure, according to a Raiffeisen report on Central and Eastern European...
Leu Closes Flat Vs Euro, Amid Market Apathy
The Romanian leu registered some unnoticeable oscillation in late trade Tuesday and it closed roughly flat against the euro, on low traded volumes.
SIFs Close Up 5.5% In Bucharest On Expectations Of Ownership Limit Increase
The five regional investment funds, or SIFs, closed up 5.5% in Bucharest as players moved on news that a Parliament committee has agreed to raising the maximum ownership limit to 5%, while t...
Transelectrica Scrambles To Fund Power Grid Upgrade For Wind Farm Inclusion
Linking wind farms to the national power grid requires an investment of more than EUR500 million, and state-owned Transelectrica (TEL.RO), the grid’s operator, lacks the funds, which means s...
Manchester Securities Corp Becomes Largest Shareholder In Fondul Proprietatea
The Finance Ministry transferred a total 1.65% in investment fund Fondul Proprietatea (FP.RO) in October, as compensation, which narrowed the state’s stake in the fund to 5.93%, while privat...
Lafarge Agregate Betoane Posts RON12.1M Loss In Jan-Sep
Construction materials maker Lafarge Agregate Betoane (AGEM.RO) on Monday reported a loss of 12.1 million lei (EUR2.78 million) for the first nine months of the year, compared to RON11.2 mil...
Private Equity Firms Still Have EUR1B Available For Romania Investments - Oresa Ventures
Private equity funds have invested EUR3 billion in Romania so far and they still have EUR1 billion available to take over local companies, but deals are blocked by the local entrepreneurs' r...
Romanian Leu Ends Stronger Vs Euro, After Stable Trade
The Romanian leu remained stable against the euro in late trade Monday and maintained the ground gained earlier in the session, amid moderate traded values.
Bucharest Stocks Close Up, Eyes On Investment Funds
The Bucharest bourse closed up Monday, with the bulk of trades targeting shares of Fondul Proprietatea (FP.RO) and of the five regional investment funds, or SIFs.
Bancpost To Hike Share Capital By RON92.6M, to RON1.18B
Shareholders of Romanian lender Bancpost on Monday decided to increase the share capital by 92.6 million lei (EUR21.4 million) to RON1.185 billion, the bank said in a news release.
IMF: Romania Needs Privatization, Private Management To Foil “Wise Guys”
The government needs to hurry privatizations and the appointment of private management at state-owned companies, to decisively change the system where a privileged few enjoy undeserved profi...