Capital Market
SIF Muntenia Saves 2018 Profit to Buy Back 4.59% of Its Share Capital
Shareholders of Romanian regional investment fund SIF Muntenia (SIF4.RO) have approved disbursing the company's RON22.7 million profit from 2018 into reserves in view of a buyback program.
SIF Moldova Approves Distribution Of Dividends At 2.6% Yield
Shareholders of regional investment fund SIF Moldova (SIF2.RO) have approved, within their general meeting on April 18, the distribution of a gross dividend of RON0.0304 per share, at a 2.6%...
BRD Approves Distribution Of Gross Dividend Of RON1.64/Share, At Nearly 12% Yield
Shareholders of BRD - Société Générale, the third largest bank by assets on the Romanian market, on Thursday approved the distribution of a gross dividend of RON1.64 per share from 2018 net...
NN Pension Funds Hold Over 5% In Transelectrica - The Equivalent Of RON80.4M Holding
Pension funds managed by NN, the largest private pension fund administrator in Romania, have increased their holding in state-run power grid operator Transelectrica (TEL.RO), to 5.12% from 4...
Moody’s Assigns Baa2 Rating To 1st Tranche, Of EUR200M, Of Alpha Bank Romania’s Mortgage Bond Program
Moody's Investors Service (Moody's) has assigned a Baa2 rating for the first tranche, of EUR200 million, of the mortgage bond program announced by Alpha Bank Romania, worth a total EUR1 bill...
Romania's Transgaz Drops S&P Services, Signs on with Fitch
Romanian state-run natural gas transmission company Transgaz Medias (TGN.RO) said Friday it has terminated its rating services contract with S&P Global Ratings and signed a new one with Fitc...
FP Won't Sell Hidroelectrica Stake, Legislative Uncertainty Deters Investors
Fondul Proprietatea (FP.RO) won't be selling its stake of nearly 20% in hydropower plant Hidroelectrica for the time being, as legislative changes have deterred potential buyers.
Half of Companies Listed on Bucharest Stock Exchange Plan to Pay Dividends in 2019
A number of 44 of the 87 companies listed on the Bucharest Stock Exchange intend to reward investors with some of the 2018 net profit and propose dividends with yields of almost 1% to 14%, Z...
Romania To Postpone Capital Hike Requirements for Private Pension Funds until May 31
Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private pension funds, known as Pillar II, according to a draf...