24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Firms Vs Euro On Positive Sentiment
Romania’s leu advanced against the euro in late trade Friday, tracking the currencies in the region, and closed almost 0.2% stronger at 4.26/4.262 units, from 4.2675/4.27 units a day earlier...
Erste, SIFs To Pay Rothschild EUR750,000 For Evaluation Services
Rothschild investment bank will receive EUR750,000 for evaluation services during negotiations between Austria’s Erste Group and minority stockholders in its Romanian unit BCR.
BCR Employees Get Sweetened Exit Deal Because They Need Protection, Erste Says
Romanian BCR’s employees are getting more for their shares in the bank compared with the SIF minority stockholders because they need “a certain level of protection” to liquidate their holdin...
Romania 2Q Labor Costs Rise At 2nd Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 7.2% on the year in April to July, the second-biggest increase in the European Union, official data showed Friday.
Wimmer: BCR Highly Likely To Require A Future Capital Boost
Austrian Erste Group Bank AG (EBS.RO) Friday said its Romanian unit BCR could very likely need a capital increase sometime in the future, as risk costs are bound to remain at high levels.
BNR Lends RON1.5B To Local Bank In 7-day Repo
The Romanian central bank Friday lent 1.55 billion lei (EUR362 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the moneta...
Leu In Ranges Vs Euro, Exchange Rate At 4.271
Romania’s leu traded in ranges against the euro by mid-day Friday, while the central bank’s reference strengthened over 0.5% to 4.271 units, from this year’s low of 4.294 units a day earlier...
Erste Says Buyout Offer For 24% In BCR As Good As It Gets
Austrian Erste Group Bank AG (EBS.RO) Friday said its buyout offer for 24% in Romanian BCR from four SIF minority shareholders expires once the last of the SIFs has held their meeting on the...
SIFs' Net Assets Down 5.2% To RON6.74B In August
Romania’s five regional investment funds (SIFs) reported combined net assets worth 6.74 billion lei (EUR1.56 billion) in August, down 5.2% from a month earlier.
Proprietatea Fund Net Asset Falls To RON15.3B In August
Romanian investment fund Fondul Proprietatea Thursday said its net asset value fell 2.8% to 15.35 billion lei (EUR3.63 billion) in August, from RON15.99 billion a month earlier.
SIFs To Get 44% Less For BCR's Shares Than Other Minority Holders
Austrian Erste Group’s offer to four of the five SIF investment funds in Banca Comerciala Romana (BCR) for a 24.12% cumulated stake is 44% lower compared to the price proposed to the other m...
OPCOM Energy Prices Skyrocket Due To Weak Hydropower Output
Energy prices on the day-ahead market of Romania’s power bourse OPCOM rose to 342 lei (EUR79.6) per MWh Thursday, more than double compared with last year’s average, due to lower hydropower...