Capital Market
Pension Pillar II Contributors Lost EUR330M On Stock Price Decline
The 7.2 million Romanians contributing to the mandatory private pension pillar known as Pillar II lost EUR300 million Wednesday as the government's planned tax measures caused stocks to plum...
Bucharest Stock Exchange Loses Whole Year's Gains in Wednesday Session
The main index of the Bucharest Stock Exchange lost 8.6% by midday Wednesday, in just two hours of trading, losing the entire year's growth on concerns over government plans to impose new ta...
SIF Moldova Sells Its 29% Stake In Hyperion Iasi
Romanian regional investment fund SIF Moldova (SIF2.RO) on Tuesday said it sold its 29% ownership in pharmaceuticals and cosmetics company Hyperion S.A. Iasi, within a transaction worth RON7...
Romania, The Only EU Capital Market To Post Double-Digit Growth In First 11 Months
Romania posts the largest growth rate among the main indices of the stock exchanges within the European Union in the first 11 months of 2018, as the BET index surged by nearly 12%, the Bucha...
Banca Transilvania Buys Back 1.47 Million Shares For RON3.48M
Lender Banca Transilvania (BT.RO) bought back 1.47 million of its own shares, between December 10 and 14, for a total RON3.48 million, as part of a repurchase program approved by shareholder...
Alro Slatina Seeks $70M Loan for Working Capital, Investments
Shareholders of Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Monday decided to supplement by $70 million a syndicated credit facility of $...
Uztel Ploiesti Seeks to Borrow RON9.5M from First Bank
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) seeks two loans totaling RON9.5 million from First Bank to refinance a previous credit line and to fund working capital.
Alro Slatina to Distribute Quarterly Dividends
Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Thursday said it will be distributing a quarterly gross dividend of RON0.45/share for the fir...
Czech Zentiva Launches Mandatory Takeover Bid For Remaining 6.7% Stake In Zentiva Bucharest
Czech group Zentiva is launching a mandatory takeover bid for the remaining 6.7% stake in drugmaker Zentiva Bucharest (the former Sicomed), at a price of nearly RON105 million, which enables...