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Manuela Panescu
- Fields
- Capital Market, Companies, Banks-Insurance
- Writing for ZF since
- 2012
- Articles
- 1.453
Orsova Shipyard Missed Sale Target In 1H
Romanian shipyard Santierul Naval Orsova (SNO.RO), majority owned by three of the five SIFs, accomplished only 75% of the sales forecasted in the first semester, as one of the four ships bui...
Market-Makers Traded RON73M Shares On Bourse In July
Brokers operating as market makers on the Bucharest Stock Exchange (BVB) traded 73 million lei shares in July, the highest value so far in 2015 and up 14% compared with a month before.
Eximbank Enforced Dualist Management System Before CEC Bank
Romania’s state-run lender EximBank enforced a dualist management system, with Vasile Secares as president of the bank’s Administration Council and Traian Halalai as general manager.
Sephora Cosmetics Chain Posted Nearly RON150M Sales In 2014
Sephora luxury multibrand cosmetics chain, owned by LVMH group, posted sales of 149.9 million lei in 2014, up 5.6% from a year before and almost 60% higher compared with 2009, the first year...
Hidroelectrica Sells Two Micro Hydropower Plants For RON4M
Romania's state owned hydropower producer Hidroelectrica, undergoing insolvency, sold, at the end of July, only two of a total 34 micro hydropower plants put up for sale, for 4 million lei,...
CFR Marfa Revenue Down 17% In 1H
Romanian state-owned railway freight carrier CFR Marfa posted 363.6 million lei (EUR82 million) revenue in the first semester, down 17% from the same period in 2014 and 8% below the company’...
Conpet Posted 7% Higher Profit In 2Q, On Savings With Oil Transport
State-run oil transporter Conpet Ploiesti (COTE.RO) reported a 7% higher profit in April to June, at 17.2 million lei, on the backdrop of savings with oil transportation by train.
Piraeus Bank Sells Piraeus Insurance Broker
Greek-owned lender Piraeus Bank announced Monday it sold its 5% stake in insurance broker Piraeus Broker (PIRBR) to two Greek businessmen.
EIB Granted EUR900 Loans To Romanian Banks In 2010-2014
The European Investment Bank (EIB) granted total loans of EUR2.8 billion to Romania between 2010-2014, EUR895 million of which targeted the banks and non-banking financial institutions (IFNs...
Three Chinese Bidders Left In Race For EUR1B Hydropower Plant Project
Romanian state-run company Hidro Tarnita will remain with three bidders in the race for the construction of a 1,000-megawatt hydropower plant in Tarnita-Lapustesti, worth over EUR1 billion,...
SIF Moldova Buys Back Own Shares
Romanian regional investment fund SIF Moldova (SIF2.RO) bought back 113,552 lei worth of own shares and become one of its stockholders, according to a statement sent to the Bucharest Stock E...
SIF Oltenia Appoints Paul Prodan As Audit Committee Member
Romanian regional investment fund SIF Oltenia (SIF5.RO) Monday said in a statement on the Bucharest Stock Exchange it appointed Paul Prodan as a third member in the fund’s Audit Committee.