Capital Market
Antibiotice Iasi Plans to Double Exports and Revenue Starting 2020
Antibiotice Iasi (ATB.RO), one of the leading local pharmaceutical manufacturers, plans to double exports abroad soon, which would double its revenue.
Package Of 3 Million Shares Of SIF Muntenia Sells For RON2.5M
A package of 3 million shares of regional investment fund SIF Muntenia (SIF4.RO), which represents 0.3% of the fund's share capital, was sold for RON2.52 million Tuesday afternoon, within tw...
Banca Transilvania Extends Share Buyback Period; Seeks To Repurchase RON39M Additional Shares
The Board of Directors of Banca Transilvania (TLV.RO), the largest lender in Romania, by assets, on Monday approved the extension of the period for the buyback of TLV shares, until January 2...
MedLife Completes Acquisition of Lotus Hospital in Ploiesti
MedLife Medical System, the leader of the private medical services market in Romania, has completed the acquisition of 100% of the shares of Lotus Hospital in Ploiesti, which had a turnover...
Private Pension Funds in Romania Had Assets of RON61.53B End-September
The assets managed by private pension funds (Pillar II and Pillar III) reached RON61.53 billion (EUR12.95 billion) after the first nine months of 2019, up 24.04% compared with end-2018, data...
Romania Seeks to Drop Extra Capital Requirements for Private Pension Funds
Romania's liberal government will eliminate additional capital requirements imposed on private pension fund administrators by the previous Cabinet, finance minister Florin Citu said Friday.
Prodplast Invests EUR2.4M in Manufacturing Biodegradable and Compostable Packaging
Plastic items manufacturer Prodplast (PPL.RO) has invested EUR2.4 million to raise production capacity to be able to manufacture biodegradable and compostable products and has an export deal...
Biofarm Shareholders Approve Additional Dividends of RON9.8M
Shareholders of pharmaceutical producer Biofarm (BIO.RO) on Wednesday approved additional dividends of RON0.01 per share, amounting to RON9.8 million.
Romgaz Shareholders Reject Establishment of Joint Venture for Energy Supply
Shareholders of state-owned natural gas producer Romgaz (SNG.RO) on Wednesday rejected the establishment of a joint venture with SAPE for the supply of natural gas and electricity.