Capital Market
OMV Petrom Invests EUR46M in Petrobrazi Refinery
Oil and gas company OMV Petrom has invested EUR46 million starting 2017 to upgrade the coker unit at its Petrobrazi refinery, the company said in a statement Wednesday.
TeraPlast Seeks Potential Investors for Two Business Lines
Building materials manufacturer TeraPlast Group, controlled by businessman Dorel Goia, is looking into potential strategic opportunities for its thermal insulating panels and metallic roof t...
Government Lowers Capital Hike Requirements for Private Pension Fund Admins
Romania's government has lowered share capital hike requirements for mandatory private pension funds (Pillar II) introduced through a controversial tax decree in December 2018.
SIF Moldova Sells All Its Shares In Biofarm To SIF Banat-Crisana
Regional investment fund SIF Moldova (SIF2.RO) sold its 11.7% stake in Romanian pharmaceutical producer Biofarm Bucuresti (BIO.RO) to regional investment fund SIF Banat-Crisana (SIF1.RO), at...
Companies Listed on Bucharest Stock Exchange to Reward Investors with EUR1.5B Dividends in 2019
The companies listed on the Bucharest Stock Exchange will reward their investors with 7.1 billion lei (EUR1.5 billion) dividends from last year’s profits, 5.7% less than in 2018. The decline...
Net Assets Of Investment Funds In Romania Up 2.2% Since Start Of 2019
The net assets of the 202 domestic and foreign open-end and closed-end investment funds operating in Romania saw an increase of 1.6% in April 2019, up to RON42.8 billion (EUR9 billion), acco...
Paval Brothers Launch Private Equity Fund Equiliant Capital
Dragos and Adrian Paval, the owners of DIY retail chain Dedeman, are officially launching a new private equity fund, focused on investing in small and medium-sized businesses.
Biofarm Net Profit Grows 46% in 1Q, to RON16.2M
Romanian pharmaceutical producer Biofarm (BIO.RO) on Wednesday reported a net profit of RON16.2 million for the first quarter, up 46% compared with the same period last year.
Impact Developer Posts RON12.8M Profit in 1Q, Triples Sales
Real estate developer Impact Developer & Contractor (IMP.RO), owned by businessman Gheorghe Iaciu, on Wednesday reported a net profit of RON12.8 million for the first quarter, compared with...