Capital Market
Shirt Maker Braiconf Exports Down 3.5% in 2020
Exports have come to generate more than 85% of the revenue of the Romanian shirt manufacturer Braiconf (BRCR.RO) in Braila, having increased by 10% during the pandemic.
Evergent Investments Shareholders OK RON42.5M Dividend Payout
Shareholders of Evergent Investments (EVER.RO), formerly SIF Moldova, approved Thursday the distribution of a gross dividend of 0.043/share, or RON42.5 million in total.
Zentiva Group Reports RON1.05B Sales in Romania in 2020
Generics manufacturer Zentiva Group on Thursday reported sales of around RON1.05 billion in Romania in 2020, of which its factory in Bucharest generated RON558 million, 1% lower than in 2020...
Transelectrica Majority Owner Calls New Shareholder Meeting To Approve 2020 Financial Statements, Dividend Payout
The Romanian State, the majority shareholder of power grid operator Transelectrica (TEL.RO), on Thursday called on the company to summon a new general meeting of shareholders in order to app...
Pharmaceutical Manufacturer Biofarm Earmarks EUR10M for Investments in 2021
Pharmaceutical manufacturer Biofarm (BIO.RO) has budgeted RON47.4 million (almost EUR10 million) for investments in 2021, most of which or about 70% will go towards equipping the new product...
Market Capitalization on Bucharest Stock Exchange Reverts to February 2020 Level
While the Bucharest Stock Exchange’s BET index recovered from the March 2020 slump, caused by the coronavirus crisis, in December 2020, on April 27 it was time for the capitalization to reco...
Banca Transilvania Shareholders Approve RON573.7M Capital Hike
Shareholders of Banca Transilvania (TLV.RO), the biggest lender in Romania by assets, approved Wednesday a share capital hike of RON573.7 million from the lender's 2020 net profit and granti...
Fondul Proprietatea to Pay Special Dividend from Reserves after 2020 Loss
Shareholders of Fondul Proprietatea (FP.RO) approved Wednesday the distribution of special dividends from non-distributed profits from 2016 and 2017, as the company reported a loss of RON102...
SIF Oltenia Approves RON25M Dividend Payout
Shareholders of regional investment fund SIF Oltenia (SIF5.RO) on Wednesday approved the board's proposal to distribute 47.86% of the company's 2020 profit as dividends.