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Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania
Banks-Insurance

Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania

Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Aus...

Radu Bostan · 29.02.2012 · 00:00 · 3 min
Banks-Insurance

MKB Romexterra Leasing Plans To Hike Share Capital By RON9.1M, To RON42.2M

Shareholders of MKB Romexterra Leasing will hold talks on March 5 on increasing the company’s share capital by 9.1 million lei (EUR2.1 million), to RON42.2 million from RON33.1 million, thro...

Ecaterina Craciun · 02.02.2012 · 17:36 · 1 min
Capital Market

SIF Moldova Proposes Tripling Capital To RON155.7M

Romanian regional investment fund SIF Moldova (SIF2.RO) Tuesday call on its shareholders to triple the fund’s capital to 155.7 million lei (EUR), saying its planned dividend payments would d...

Florentina Dragu · 31.01.2012 · 22:20 · 1 min
Companies

ArcelorMittal Iasi Hikes Share Capital To RON241M

Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statemen...

Florentina Dragu · 27.01.2012 · 17:48 · 1 min
Capital Market

ArcelorMittal Roman Increases Share Capital By RON292M

Romanian steel pipes maker ArcelorMittal Tubular Products Roman (PTRO.RO) will increase its share capital by 292.1 million lei (EUR67 million) to RON725 million, the company said in a statem...

Florentina Dragu · 26.01.2012 · 19:00 · 1 min
BNR Attends Vienna Bank Summit To Discuss Capital Rules
Banks-Insurance

BNR Attends Vienna Bank Summit To Discuss Capital Rules

Bank officials from 17 countries met in Vienna Wednesday to discuss the effects of the new capital requirements imposed by the European Union, an official of the Romanian central bank BNR sa...

Florentina Dragu · 11.01.2012 · 14:18 · 1 min
Romania Needs To Advertise Abroad To Raise Funds, Says Deputy FinMin
Capital Market

Romania Needs To Advertise Abroad To Raise Funds, Says Deputy FinMin

Romania’s big challenge this year will be to advertise on the international market, so that it would differentiate itself from countries in trouble in the region and borrow at reasonable ter...

Loredana Frățilă-Cristescu · 10.01.2012 · 00:00 · 3 min
Volksbank Romania Ups Share Capital By RON363M
Banks-Insurance

Volksbank Romania Ups Share Capital By RON363M

Volksbank Romania, the local unit of Austria’s Volksbank AG, will increase its share capital by 362.8 million lei (EUR84 million) to RON903.15 million, the lender said Monday.

Florentina Dragu · 09.01.2012 · 13:17 · 1 min
Erste Forecasts A 17% Increase Of BET In 2012
Capital Market

Erste Forecasts A 17% Increase Of BET In 2012

Erste Group analysts expect the main index of the Bucharest stock exchange to rise 17% this year, the third-best performance in the region after the Istanbul and Prague bourses, as investor...

Daniela Stoican · 05.01.2012 · 00:00 · 4 min