CAPITAL
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Chimcomplex Seeks RON157M Capital Hike, Plans To Buy Oltchim’s Viable Assets
Romanian businessman Stefan Vuza plans to raise the capital of Chimcomplex Borzesti (CHOB.RO) by RON157 million (EUR35.2 million) and then buy the viable assets of chemical plant Oltchim Ram...
Volksbank Shareholders Make EUR120M Capital Injection, Prepare To Sell Romanian Bank
Volksbank Romania, which is due to be sold by Volksbank Austria by the end of 2015, has received a massive capital increase of EUR120 million from its shareholders, in order to compensate fo...
Trade Registry: 23,543 Firms In Romania Went Insolvent In January-0ctober
Romania’s Trade Registry Monday said the number of firms defaulting on their debts in October doubled compared to September and the number of insolvencies reached 23,543 in the first ten mon...
Electroputere Wants To Increase Share Capital By RON81M
Romanian power transformers producer Electroputere Craiova (EPT.RO) wants to increase its share capital by 81.1 million lei (EUR18.2 million), mainly by partially compensating for debts to i...
Euroins Romania Wants To Raise Share Capital By RON20M, To RON138.5M
Insurer Euroins Romania plans to raise its share capital by RON20 million, to RON138.5 million, by shareholders’ cash contributions, and the proposition will be discussed in a meeting on Nov...
Foreign Real Estate Developers Injected EUR215M In Their Romanian Subsidiaries In Jan-Sept
Foreign real estate developers increased the capital of their Romanian subsidiaries by EUR215 million in the first nine months of the year, compared to EUR200 million in the similar interval...
Foreign Insurers Contributed EUR120M To The Capital Of Romanian Subsidiaries This Year
Insurance companies held by foreign groups received capital injections of EUR117 million since the beginning of this year, according to aggregate data from the Trade Registry. The bulk of th...
Transport Ministry Raises CFR Calatori Share Capital By RON400M To Pay Off Debts To CFR SA
The Transport Ministry will raise the share capital of passenger railway company CFR Calatori by RON400 million, to pay off debts on the use of railway infrastructure to CFR SA, which in tur...
Van Groningen, Raiffeisen: I Am Not Awaiting Cost-Cutting Instructions From Vienna
Raiffeisen Bank Romania does not await instructions from its Austrian parent bank on how to adjust costs and to make local operations more efficient. This shows in the decision taken in due...