Capital Market
SIF Banat-Crisana Proposes RON27M Dividends From Its 2018 Net Profit, At 2.3% Yield
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO), proposes its shareholders dividends of RON26.9 million from its 2018 net profit of RON77 million, the equivalent of a 2.38% yie...
Romania Private Pension Funds Had Assets Of RON49.6B In 2018
The assets managed by private pension funds (Pillar II and Pillar III) reached RON49.6 billion (EUR10.64 billion) at the end of 2018, up 19.40% against the previous year, according to data f...
TeraSteel Expects 15% Growth in Sales in 2019
TeraSteel, part of Romanian TeraPlast Group's steel division, targets a turnover growth of over 15% this year, due to investments in the industry, the launch of new products and growth in fo...
Romanians May Stop Contributing to Mandatory Private Pensions after 5 Years
Romanians who contributed for at least five years to the mandatory private pension system known as Pillar II may choose to stop contributing, according to a norm issued by the country's fina...
FP Manager May Reassess Net Asset Value Over Hidroelectrica Regulated Tariffs
Franklin Templeton, manager of Fondul Proprietatea (FP.RO), said Tuesday it will analyze whether any adjustment of FP's net asset value is required following Hidroelectrica's obligation to s...
Digi Communications CEO Sells RON2M Worth Of Company Shares In March 2019
Serghei Bulgac, general manager of telecom operator Digi Communications (DIGI.RO), sold 77,500 shares, worth RON2 million, within two sessions since the beginning of March 2019, according to...
TMK Hires Raiffeisen to Broker Potential SPO on Bucharest Market
TMK, owner of industrial pipe manufacturer TMK Slatina (ART.RO), has hired Raiffeisen in view of brokering a stock sale operation on the Bucharest Stock Exchange, concurring sources on the m...
Conpet Ploiesti Turnover Grows 2.2% in 2018, Profit Drops 20%
State-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a turnover of RON385 million for 2018, up 2.2% compared with 2017.
Electrica Posts 15% Growth in Net Profit in 2018, to RON297.9M
Romanian state-owned energy utility group Electrica (EL.RO) on Thursday reported a net profit of RON297.9 for 2018, up 15% on the year.