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Manuela Panescu

Fields
Capital Market, Companies, Banks-Insurance
Writing for ZF since
2012
Articles
1.453
Posta Romana To Take RON100M Loan From 4 Banks, To Fund Working Capital
Banks-Insurance

Posta Romana To Take RON100M Loan From 4 Banks, To Fund Working Capital

Romania’s state owned postal company Posta Romana will take a 100 million lei loan from four banks, namely Banca Comerciala Romana, Banca Transilvania, CEC Bank and Millennium Bank Romania t...

Manuela Panescu · 25.01.2013 · 18:29 · 1 min
Leu Ends Slightly Down Vs Euro, Sets Around 4.36 Units
Capital Market

Leu Ends Slightly Down Vs Euro, Sets Around 4.36 Units

Romania’s leu was slightly down against the euro in late trade Friday, helped by growing foreign currency demand from corporate clients, and closed around 4.365 units.

Manuela Panescu · 25.01.2013 · 17:47 · 1 min
Bucharest Stocks Close Up, Oltchim Falls 15% For 2nd Consecutive Day
Capital Market

Bucharest Stocks Close Up, Oltchim Falls 15% For 2nd Consecutive Day

The Bucharest stocks closed up 0.2% Friday, in an apathetic market, but the shares of state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) were down 15% for the second consecutive day af...

Manuela Panescu · 25.01.2013 · 17:35 · 1 min
UPC Romania, Focus Sat Hike Share Capital By Over EUR130M
Technology &Telecoms

UPC Romania, Focus Sat Hike Share Capital By Over EUR130M

US group Liberty Global increased the capital of its subsidiaries UPC Romania and Focus Sat with 581.2 million lei (EUR133 million) through debts reconversion, operation aimed to improve the...

Manuela Panescu · 25.01.2013 · 16:03 · 1 min
Whoever Bought Shares In Fondul Proprietatea In First Day Of Trading Has Gained 2%
Capital Market

Whoever Bought Shares In Fondul Proprietatea In First Day Of Trading Has Gained 2%

Two years after the stock exchange listing, the shares of Romanian investment fund Fondul Proprietatea (FP.RO) are traded at below the first-day trading price and below the expectations of s...

Manuela Panescu · 24.01.2013 · 00:00 · 4 min
New Tax Might Cut Price Of Transgaz Stock In Public Offering
Energy

New Tax Might Cut Price Of Transgaz Stock In Public Offering

Market value of gas transmission company Transgaz (TGN.RO) dropped by EUR30 million in three days, after the government announced it would levy a tax on the monopolistic companies in the ene...

Manuela Panescu · 24.01.2013 · 00:00 · 2 min
Porumboiu: Romania Can Raise EUR9B To The Budget From Selling Farmland
Social/Politics

Porumboiu: Romania Can Raise EUR9B To The Budget From Selling Farmland

Romania can raise EUR9 billion to the budget if it sells the 300,000 hectares of arable land currently administered by the Agency For State Domains, according to one of the largest investors...

Manuela Panescu · 24.01.2013 · 00:00 · 1 min
Tymbark Buys Assets And Brands Of Pan Group Craiova
Retail&Consumer

Tymbark Buys Assets And Brands Of Pan Group Craiova

Tymbark Maspex, the largest juice producer on the local market, took over some of the assembly lines and brands of Craiova-based bakery company Pan Group, sources close to the deal told ZF.

Manuela Panescu · 24.01.2013 · 00:00 · 1 min
Capital Market

Romania Won’t Levy Tax On Financial Transactions

Romania will not levy a tax on financial transactions but will neither set against the initiative of the European Union’s countries that wish and support this tax, according to secretary of...

Manuela Panescu · 23.01.2013 · 21:28 · 1 min
Romania Eyes To Ensure EUR1B For Highways, National Roads In 2013
Social/Politics

Romania Eyes To Ensure EUR1B For Highways, National Roads In 2013

The Romanian Government forecasts it will provide almost EUR1 billion for the construction of highways and national roads upgrade in 2013, both from foreign funds and the state budget.

Manuela Panescu · 23.01.2013 · 20:26 · 1 min
Romania Under Heavy Snowfall Alert From Thursday Until Friday
Social/Politics

Romania Under Heavy Snowfall Alert From Thursday Until Friday

Romanian meteorologists have issued a yellow code warning expecting heavy snowfall and blizzards in the southern, eastern and northern parts of the country from Thursday, 6:00 p.m. local tim...

Manuela Panescu · 23.01.2013 · 19:47 · 1 min
David & Baias, PwC's Affiliate Law Firm, Names New Partner
Companies

David & Baias, PwC's Affiliate Law Firm, Names New Partner

D&B David și Baias, the correspondent law firm of consultancy and audit company PwC Romania, has promoted Manuela Guia as partner.

Manuela Panescu · 23.01.2013 · 18:20 · 1 min