REDUCTION
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Sphera Franchise Group Proposes RON40M Worth Of Dividends, Share Capital Reduction By Nearly RON10M
The Board o Directors of Sphera Franchise Group (stock symbol: SFG), the operator of KFC, Pizza Hut and Taco Bell in Romania, has convened the general meeting of shareholders for April 28, 2026, as per a stock market report.
Cosmetics Company Viorica Halves Romania Network
Viorica Cosmetic, a cosmetics producer from the Republic of Moldova present in Romania for almost a decade, has closed down half of its local stores on the uncertainties that marked last yea...
BCR: 47% Of Romanians Cut Spending Over The Last Year Due To Price Hikes
Romanians have adapted their financial behavior in the context of the accelerated increase in inflation, prices and utility bills in recent months, with almost half of them (47%) reducing co...
ArcelorMittal Hunedoara Reduces Activity Due to Lack of Orders
The Board of Directors of ArcelorMittal Hunedoara (SIDG.RO), the steel mill owned by the ArcelorMittal, has decided to temporarily reduce activity of the company in July 23 – August 5, 2022...
Ruling Coalition Leaders Decide On Fuel Excise Duty Cut, Fin Min Says
Finance minister Adrian Caciu on Tuesday said ruling coalition leaders agreed with his proposal to temporarily reduce the excise tax on fuel by 50%.
Rompetrol Rafinare Shareholders Approve Share Capital Reduction
Rompetrol Rafinare (RRC.RO), the operator of the Petromidia Navodari and Vega Ploiesti refineries, part of Kazakhstan’s KMG International Group, will reduce its share capital by RON1.75 bill...
Finance Minister Plans To Cut Salaries Of CEC Bank And EximBank CEOs
Finance Minister Florin Citu said Tuesday he plans to cut the salaries of the heads of state-run lenders CEC Bank and EximBank, to nearly EUR5,800 (RON28,000) per month, from over EUR15,000...
Fondul Proprietatea Lowers Share Capital by RON773M, to RON3.9B
Investment fund Fondul Proprietatea (FP.RO) has notified the Bucharest Stock Exchange of a reduction in share capital by RON773.7 million, to RON3.9 billion, approved by shareholders in Apri...
Telekom Romania CEO: Headcount Reduction Mainly Targets Administration and Back-Office Areas
Simplification of internal processes and products, digitalization and automation of certain operations and the pressure for an improvement in the financial results are the main reasons for T...