Capital Market
Romanian Financial Watchdog Lowers Taxers and Fees by 25%
Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and regulated entities.
Conpet Ploiesti Seeks To Pay Out Dividends At 11.4% Yield
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Tuesday said it is summoning its shareholders on April 29, 2020 to approve a combined dividend of RON7.05 per share, which, re...
Nuclearelectrica Seeks To Pay RON498.4M Dividends, At 14% Yield
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday said it has summoned its shareholders on April 27 to approve the distribution of gross dividends in the tota...
Biofarm Seeks To Pay Gross Dividends Of RON0.021/Share From 2019 Net Profit, At 6.3% Yield
The Board of Directors of Biofarm Bucuresti (BIO), one of the largest pharmaceuticals producers in Romania, has summoned its shareholders on April 28, 2020 to submit for approval the distrib...
IAR Brasov Seeks To Pay RON18.3M Dividends At 9.7% Yield
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) has summoned its shareholders on April 29 to approve the distribution of dividends in the amount of RON18.3 mi...
Purcari Lowers Management Salaries to Support Lower Income Employees
Winemaker Purcari (WINE.RO) said Tuesday it has contributed RON0.5 million towards a fund dedicated to combating COVID-19 in Moldova and Romania and its management team has accepted salary c...
Sphera Group Says Has Enough Liquidity to Recover after Crisis
Sphera Franchise Group’s consolidated restaurant sales have dropped by approximately 33% on year during the March 1-22 period and by approximately 75% on year during the March 16-22 period,...
Transgaz Seeks To Pay RON182M Dividends From 2019 Net Profit, At 6.7% Yield
Romania's natural gas transmission company Transgaz (TGN.RO) on Monday said it has summoned its shareholders on April 27, 2020 to approve the distribution of dividends in the amount of RON18...
OMV Petrom Sees 21% Drop in Profit in 2020, to RON2.8B
OMV Petrom (SNP.RO), the biggest company listed on the Bucharest stock market, expects 2020 sales to drop 9% on the year, to RON18 billion, and sees its profit down 21%, to RON2.8 billion, a...