Capital Market
Pillar II Private Pension Funds Had Net Assets Of RON51B End-March 2019
Net assets of mandatory private pension funds in Romania (Pillar II) stood at nearly RON51 billion at the end of March 2019, up 20% on the year, according to the latest data from the country...
Garanti Bank Posts RON111M Profit in 2018
Lender Garanti Bank reported a net profit of RON111.86 million for 2018 and operating revenue of RON428 million, the bank said in its annual earnings report released Tuesday.
Electrica Approves Distribution Of Dividends At 6.8% Yield From 2018 Net Profit
Shareholders of Electrica (EL.RO), the largest electricity distributor in Romania, on Thursday approved a proposition of the company’s Board of Directors regarding the distribution of a divi...
Chimcomplex Becomes Romania's Largest Exporter after Acquiring Oltchim Assets
Romanian chemical producer Chimcomplex said Thursday it has become the country's largest exporter and its turnover grew to RON343.3 million in the first quarter, 4.6 times higher than in the...
Teraplast Group Posts 34% Turnover Growth in 1Q, to RON174.6M
Building materials manufacturer TeraPlast Group said Thursday its turnover grew 34% on the year in the first quarter of 2019, to RON174.6 million, and its operating profit (EBITDA) grew 76%,...
Banca Transilvania Posts 19% Profit Growth in 1Q, to RON436M
Banca Transilvania, Romania's leading lender by assets, on Thursady reported a net profit of RON436 million for the first quarter of 2019, up 19.1% compared with the same period in 2018.
Last Four Major Companies to Go Public, Disappointment to Investors
Digi Communications (DIGI.RO), Sphera Group (SFG.RO) and Purcari (WINE.RO) are now trading lower than their first trading price, while MedLife (M.RO), even though the only one trading higher...
TMK-Artrom Slatina Owner Seeks to Sell 69M Shares on Stock Market
Russian TMK, owner of industrial pipe manufacturer TMK-Artrom Slatina (ART.RO), plans to launch a second public offering on the Bucharest Stock Exchange for up to 69 million shares, accounti...
Chemical Plant Oltchim Opens Bankruptcy Procedures
The consortium of judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea has started bankruptcy procedures after the company's deadline to implement a reorganization plan...