Capital Market
Intercontinental Appoints Alexander Adamescu As Board President
Shareholders of Romanian hotel company Intercontinental (RCHI.RO) appointed Alexander Adamescu as president, while other three persons supported by The Nova Group Investments were elected me...
Azomures Plans To Invest EUR43.5M In 2011
Romanian chemical company Azomures (AZO.RO) Thursday approved an investment program worth EUR43.5 million for 2011, which is estimated to reduce the net profit by some 80% on the year.
Oil Pipe Maker Condmag Eyes 5% Rise In 2011 Revenue, To RON210M
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) expects revenue of 210 million lei (EUR51.63 million) this year, up 5% from RON200.4 million in 2010, the company said Thursday in a...
SIF Banat-Crisana Holders Vote For Higher Dividend Proposal
Shareholders of regional investment fund SIF Banat-Crisana (SIF1.RO) Thursday agreed a proposal for a gross dividend of 0.103 lei (EUR0.025) a share, higher than the initial proposal of the...
Banca Transilvania Holders Vote For RON0.3B Capital Hike - Sources
Shareholders of Romanian lender Banca Transilvania (TLV.RO) approved a share capital increase of 295.7 million lei (EUR72.7 million), to RON1.77 billion, by including reserves from previous...
Economy Ministry Names New CEO At Transelectrica
The Romanian Economy Ministry appointed Horia Hahaianu as chief executive officer at state-owned power grid operator Transelectrica (TEL.RO), replacing Stelian Gal, who will remain with the...
SIF Transilvania Holders Vote For RON0.03/Share Dividend
Shareholders of Romanian regional investment fund SIF Transilvania (SIF3.RO) Thursday agreed to a gross dividend of 0.03 lei (EUR0.007) per share due to 2010 ’s profits.
SIF Muntenia To Pay Gross Dividend Of RON0.081/Share
Shareholders of Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday approved a gross dividend of 0.081 lei (EUR0.02) per share from last year’s profit.
Bucharest Shares Close Up, On Low Traded Values
The Bucharest bourse closed Thursday on an upward stance, but on very low traded values as half of the issuers are suspended due to shareholder meetings.