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VIG CEO: Optimization Process Never Comes To An End
Austria’s Vienna Insurance Group (VIG) constantly optimizes costs and processes at the three insurers – Omniasig, Asirom and BCR Viata, it owns in Romania, which makes the group’s chief exec...
Astra Majority Shareholders Want To Inject RON425M Capital In Two Stages
The majority shareholders of insurer Astra, The Nova Group Investments and Epsilon Estate Provider, controlled by businessman Dan Adamescu, want to inject the necessary RON425 million to the...
EBRD Invested Almost EUR3B In Romania In Five Years
The European Bank for Reconstruction and Development, the largest foreign institutional investor in Romania, has invested EUR2.7 billion in the country in the last five years, continuing sup...
Government Connects Transylvania To Budapest Instead Of Bucharest By Highway
For the first time ever Timisoara and Arad (western Romania) are connected by a highway to a European capital as of Saturday, but that capital is not Romania’s but Hungary’s.
ASF: Carpatica Asig Might Need Additional Capital Of EUR100M
Insurer Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, might need additional capital of EUR100 million to meet Solvency II requirements, accord...
Foreigners Have Come To Control Half The Capital Of Companies In Romania
The share capital of Romania’s companies increased by 34% in the past eight years, to almost 300 billion lei in 2014, a period during which the weight of foreign investments rose from 22% of...
Carpatica Wants To Resume Nextebank Merger Talks, Reduce Share Capital
Romanian lender Banca Comerciala Carpatica (BCC.RO) wants to resume talks with Nextebank on a potential merger and to reduce its losses by lowering its share capital by RON204.5 million.
Astra Administrator Decides To Raise Capital By RON425M
Insurer Astra Asigurari's special administrator, KPMG Advisory, decided Wednesday to raise the company's share capital by RON424.9 million, to RON682.7 million, by shareholder cash contribut...
Nuclearelectrica Minority Shareholders Take No Part In Capital Raise
Nuclearelectrica's (SNN.RO) private shareholders didn't take part in the company's capital raise, where they could have underwritten at a price nearly 30% higher than the market price, while...