Capital Market
Organic Fertilizer Producer Norofert Plans To Increase Share Capital By RON2.4M
Norofert (NRF.RO), the largest organic fertilizer producer in Romania, has summoned its shareholders on April 28 to approve an increase in the company’s share capital by RON2.4 million (of t...
SIF Moldova Proposes Dividends Of RON0.06/Share, At 4.7% Yield
Romanian regional investment fund SIF Moldova (SIF2.RO) plans to pay out its shareholders dividends of RON0.06 per share from its 2019 net profit, which, relative to the current trading pric...
TeraPlast Bistrita Seeks To Raise Share Capital By RON40.5M
Romanian building materials manufacturer TeraPlast Bistrita (TRP.RO) has summoned its shareholders on April 29 to approve an increase in the company’s share capital by RON40.5 million, by is...
Electromagnetica Proposes RON2.71M in Dividends
Electromagnetica Bucuresti (ELMA.RO), which makes electrical equipment and produces electricity, will seek shareholders' approval on April 28 to distribute dividends totaling RON2.7 million...
Medlife Cuts Management Salaries, Puts Non-Critical Staff on Furlough
Medlife, the leader of the private medical services market in Romania, said Thursday it was halving the salaries of its management team for 45 days and sending all non-critical personnel on...
SIF Oltenia Approves Buyback Program Worth Maximum RON66.4M, Reduction Of Share Capital By RON3.85M
Shareholders of Romanian regional investment fund SIF Oltenia (SIF5.RO) on Wednesday approved the unfolding of a repurchase program of 22.15 million shares, representing 3.8% of the company’...
Hidroelectrica Targets RON3.9B Revenue, RON1.1B Net Profit In 2020
Romanian state-owned power company Hidroelectrica on Wednesday said it expects 10% lower total revenue, of RON3.9 billion, and a 23% higher net profit, of nearly RON1.1 billion, in 2020.
Banca Transilvania Buys Back RON3.9M Worth Of Shares Via Two Transactions
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, on Wednesday said it repurchased a total 2,362,282 shares worth RON3.9 million, within two transactions held on March 23 a...
Pension Funds Allowed to Invest Over 70% in State Paper for One Year
Private pension funds may invest in treasury bonds above the current 70% threshold for one year, financial watchdog vice-president Dan Armeanu announced Wednesday.