Reporter
Gabriela Stan
- Fields
- Capital Market, Retail&Consumer, Banks-Insurance
- Writing for ZF since
- 2014
- Articles
- 3.917
Government No Longer Scraps Ownership Limit In SIFs
The provision regarding the elimination of the maximum ownership limit in Romania’s five regional investment funds (SIFs), which currently stands at 5%, was withdrawn from the latest version...
Bucharest Stocks Close Up, Fondul Proprietatea Boosts Traded Value
The Bucharest stock market closed up Friday, while trades with shares of Fondul Proprietatea (FP.RO), covered almost half of the traded value, worth RON71.82 million (EUR16.19 million).
Drugmakers To Pay Differentiated Clawback Tax For New Reimbursed Medicines
Pharmaceutical companies will pay a differentiated clawback tax, set up based on contracts cost/volume/results, for the new medical drugs to be introduced on the reimbursed drugs list, accor...
Leu’s Exchange Rate Hits 2½-Month Low Of 4.436 Vs Euro
The Romanian leu lost ground versus the euro by midday Friday and the central bank’s reference fell 0.19% to 4.436 units, the lowest rate since August 18, amid high volumes.
Fitch Affirms Romanian Banks BRD, BCR, Garanti Bank
Fitch Ratings on Thursday affirmed BRD-Groupe Societe Generale and Banca Comerciala Romana long-term issuer default ratings at 'BBB+' and Garanti Bank long-term issuer default rating at 'BB+...
Bucharest Stocks Close In Green, Investors Focus On Energy Stocks, SIFs, FP
The Bucharest stock market closed higher Thursday, while investors focused on energy stocks, the five regional investment funds and Fondul Proprietatea (FP.RO).
Romania’s EU Fund Absorption Rate Inches Up To 43.58% In October
Romania’s absorption rate on European structural and cohesion funds reached 43.58% at the end of October 2014, from 38.46% a month before, according to the Ministry of European Funds.
Bucharest Bourse Profit Up 71% To RON9.3M In January-September
The Bucharest Stock Exchange (BVB.RO) Thursday said its net profit rose 71% in January-September, to RON9.33 million (EUR2.1 million), reaching 94% of the profit estimated for 2014.
Posta Romana Broker de Asigurare To Invest RON6M In Next Three Years
The Romanian state-owned postal operator's insurance brokerage division, Posta Romana Broker de Asigurare, plans to invest RON6 million (EUR1.35 million) in the first three years of activity...
Isarescu On Lowering Public Investments: Fight Against Corruption Has Got Its Purpose
The lowering of public investments might represent a means of control over the spending of public funds as a result of the anticorruption actions taken lately, Romanian central bank governor...
Leu Down Vs Euro, Exchange Rate Hits 3-Week Low At 4.4277
The Romanian leu further depreciated versus the euro by midday Thursday and the central bank’s reference lost 0.19% to 4.4277 units, the lowest rate since October 16.
OMV Petrom Anticipates Negative Result Of Power Business In 2014
Romania’s leading oil&gas company OMV Petrom (SNP.RO), owned by OMV Austria, estimates it will register losses from the electricity production this year, after the electric power generated i...