Capital Market
Major Companies On Bucharest Stock Exchange Will Not Pay Quarterly Dividends
Banca Transilvania (TLV.RO), BRD-SocGen (BRD.RO), Electrica (EL.RO), Fondul Proprietatea (FP.RO), private issuers part of the main index of the Bucharest Stock Exchange, BET, will not be pay...
Online Retailer Elefant.Ro Raises RON8M From Private Investors In 12 Days
Elefant Online SA, the third leading online retailer in 2017 by revenue, raised almost 8 million lei (EUR1.71 million) through a bond issue available only to fewer than 200 investors, accord...
Romanian Capital Market Close To Becoming Secondary Emerging Market
Romania was maintained by FTSE Russell on the watch list of countries for possible reclassification from Frontier to Secondary Emerging market. Romania was added to this watch list in Septem...
SIF Moldova Sells Hotel Sport To Winners Park Invest
SIF Moldova (SIF2.RO), the second largest institutional investor of lender Banca Transilvania (TLV.RO), on Monday said it sold all the shares it held in Hotel Sport Company to Winners Park I...
Paval Brothers Own 59% of Cemacon Through PIF Industrial, Dedeman
Dragos and Adrian Paval control 59% of brick manufacturer Cemacon Cluj (CEON.RO) through their companies PIF Industrial and Dedeman.
OMV Petrom Shares Gain Almost 11% In One Week, Reach Three-Year High
OMV Petrom (SNP.RO) shares gained almost 11% last week, which is the highest weekly increase since 2005, most likely because of the amendments to the offshore law more in tune with what oil...
Patria Bank Seeks RON100M Capital Hike
Romania's financial regulator has approved a prospectus for lender Patria Bank's offering seeking to raise its share capital by RON100 million.
Biofarm Appoints Catalin Vicol as General Manager Starting Nov 15
Romanian pharmaceutical producer Biofarm (BIO.RO), controlled by three regional investment funds, of SIFs, has appointed Catalin Vicol as general manager effective November 15.
SIF Transilvania Collects RON2M For Its 13% Stake In Galgros Galati
Romanian regional investment fund SIF Transilvania (SIF3.RO) has collected RON2 million corresponding to the 13% stake held in food products distributor Galgros Galati, as a result of exerci...