Capital Market
Sphera Says Coronavirus Epidemic Will Negatively Impact Operations
Sphera Franchise Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands said Thursday its expansion plans in Italy will be negatively impacted by the coronav...
SIF Banat Crisana Gets Shareholders’ OK To Scrap 5% Ownership Limit
Romanian regional investment fund SIF Banat Crisana (SIF1.RO), which has a market value of RON1.3 billion, on Tuesday notified the Bucharest Stock Exchange that its shareholders decided in t...
Bucharest Stock Exchange Comes Down With Recession Fears
The Bucharest Stock Exchange plunged 7.5% on Monday and Romanian companies lost about 12.7 billion lei (EUR2.63 billion) of their capitalization in the most aggressive trading session since...
OMV Petrom Shares Fall 24% After Brent Oil Price Drop
Shares of OMV Petrom (SNP.RO), the most valuable company listed on the Bucharest Stock Exchange, fell 24% Monday in reaction to a sharp drop in Brent oil prices Sunday night.
Saudi Al-Arab Reaches 96.6% Ownership of Electroputere Craiova
Romanian power transformers producer Electroputere Craiova (EPT.RO) is free to delist from the Bucharest Stock Exchange after its majority shareholder ended an offering to buy a minority sta...
Bermas Suceava Proposes RON1.7M Dividends At 6% Yield
The Board of Directors of brewer Bermas Suceava (BRM.RO) is proposing the company’s shareholders dividends in the amount of RON1.72 million, from its 2019 net profit of RON1.95 million, at a...
Conpet Ploiesti Targets RON55.4M Net Profit, RON460M Revenue In 2020
Shareholders of state-run oil transporter Conpet Ploiesti (COTE.RO) have approved the company’s budget of revenue and expenditure for 2020, which envisages a net profit of RON55.4 million, d...
Oil Terminal Targets RON175M Total Revenue, RON3.6M Net Profit In 2020
Shareholders of Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) have approved the company’s budget of revenue and expenditure for 2020, as per a stock market report.
Dafora Medias Switches to RON4.4M Profit in 2019 from RON6.2M Loss in 2018
Romanian drilling company Dafora Medias (DAFR.RO) on Thursday reported a net profit of RON4.4 million in 2019, compared with a net loss of RON6.2 million in 2018.