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Electrica IPO Awakens Stock Market
Investors stormed the Bucharest Stock Exchange in the last few weeks, generating higher than average traded volumes and the interest in Romanian stocks drove the main index of the bourse, BE...
Mega Image Raises Share Capital By EUR25.2M To Support Expansion Plan
Retailer Mega Image, which has nearly 310 supermarkets and convenience stores in Romania, raised its share capital by EUR25.2 million in April to finance expansion plans and the construction...
ArcelorMittal Iasi’s Share Capital Raised To RON88M
The share capital of Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) was raised by 81.5 million lei (EUR18.4 million), from RON6.5 million to RON88 million.
BRCI Mulls Hiking Share Capital By EUR20M
Majority shareholder of Banca Romana de Credite si Investitii, or BRCI, Dorinel Umbrarescu, plans to increase the bank’s share capital by EUR20 million, lei equivalent, in accordance with th...
Romania’s Farmland 25 Times More Expensive Than A Decade Ago
Farmland in Romania has risen in price by 25 times in 2002-2012 to an average level of EUR4,600/hectare, close to the price in France, Poland and Brazil, but higher than in Hungary and Austr...
Carbochim Seeks To Raise RON6.4M From Shareholders For Capital Hike
The managing board of Romanian abrasives maker Carbochim Cluj-Napoca (CBC. RO) has proposed to raise RON6.4 million from shareholders to increase the company’s share capital to RON16.1 milli...
New Car Registrations Up In February For Third Month In A Row
New car registrations rose 5% in February to 3,650 units from the 3,473 in the year-ago period, according to the Driver License and Vehicle Registration Department (DRPCIV).
Euroins Romania To Raise Share Capital By RON100M, To RON238.5M
Insurer Euroins Romania will increase its share capital by 100 million lei (EUR22.1 million), to RON238.5 million, by shareholders’ cash contributions, following a decision of the company’s...
Cemacon Capital May Be Cut By RON25.7M Due To Losses Amassed In Last 4 Years
The Managing Board of Romanian brick maker Cemacon (CEON.RO) proposed the company’s shareholders to reduce the share capital by 25.7 million lei (EUR5.7 million), to around RON526,000, due t...