Capital Market
SIF Oltenia Disposes Of Its 10.1% Holding In Contactoare Buzau
Businessman Stefan Vuza has reached an indirect holding of 90.6% in low-voltage electrical equipment maker Contactoare Buzau (CONQ.RO) after textile manufacturer Iasitex Iasi (IASX.RO) he co...
Petrom Shares Reach Five-Year High Ahead of 3Q Earnings Report
Shares of oil and gas company OMV Petrom (SNP.RO) grew 1.63% on the Bucharest Stock Exchange Tuesday, hitting a five-year high of RON0.437 per share, a level last reached on October 30, 2014...
Farmaceutica Remedia Shares Surge After Sale Plan Announcement
Shares of Farmaceutica Remedia Deva (RMAH.RO), which operates a 100-pharmacy chain, gained 15% on the Bucharest Stock Exchange Tuesday after the wholesaler announced it was looking to sell i...
Romanians Took Money Out of Banks, Put It into Bond Funds in 2019
Romanians who invest o bond funds subscribed 1 billion lei (over EUR200 million) in the first nine months of 2019, compared with RON1.9 billion withdrawals in the same time in 2018, which sh...
Prodlacta Brasov Increases Share Capital By RON5.3M Up To RON62M
Brasov-based dairy producer Prodlacta (PRAE.RO), one of the largest players on Romanian dairy market, has increased its share capital by 4,840,077 shares, with a nominal value of RON1.10, up...
Pillar II Pension Funds Double Stock Market Exposure
The future retirees of Romania currently own 10% in the Romanian companies listed on the Bucharest Stock Exchange, up from the 4.6% in 2014, so they almost doubled their interests on the cap...
Prefab Considers Restricting Activity, Laying Off 200 Employees
Construction materials manufacturer Prefab Bucuresti (PREH.RO) is considering reducing activity in certain production areas at its factory in Calarasi and plans to lay off 200 employees, cit...
Teraplast Raises Share Capital by RON26.7M, to RON133.7M
Teraplast Bistrita (TRP.RO), a leading Romanian producer of construction materials, has increased its share capital by Ron26.7 million, to RON133.7 million, the company said in a statement o...
BCR Chief Economist Horia Braun Appointed CEO of Erste AM
Horia Braun, chief economist of BCR, one of the largest lenders in Romania, has been appointed chief executive officer of Erste Asset Management, which means Dragos Neacsu, who had run the l...