REDUCTION
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Fondul Proprietatea Reduces Its Holding In Nuclearelectrica To 7.5% From 9.1% In 1Q/2018
Investment fund Fondul Proprietatea (FP.RO) sold a part of its holding in state-owned nuclear power producer Nuclearelectrica (SNN.RO) in the first quarter of 2018.
Electrica Says Will Challenge Antitrust Fine, But Will Cut Electricity Tariffs If Required By Competent Authorities
Electricity distribution and supply company Electrica SA (EL.RO) on Friday said it will challenge the fine applied by the Competition Council but will obey a potential decision of the compet...
Sphera Group Plans To Reduce Share Capital By RON56M
Sphera Group (SFG.RO), which operates KFC, Pizza Hut and Taco Bell restaurants, plans to cut its subscribed share capital to RON525.7 million from RON581.9 million, by reducing the nominal v...
Patria Bank To Cut Share Capital By RON149M To RON227.1M
Patria Bank on Friday said it summoned the General Extraordinary Assembly of Shareholders, which is expected to approve the reduction of the bank’s share capital by RON149 million, to RON227...
Franklin Templeton Asks Fondul Proprietatea Shareholders To OK Reduction Of Subscribed Capital
Franklin Templeton, manager of Romanian investment fund Fondul Proprietatea (FP.RO) since 2010, requires the fund’s shareholders to approve, at their extraordinary general meeting due on May...
ING Bank Cuts Required Downpayment On Mortgage Loans To 15% As Of January 21
ING Bank, the seventh largest bank by value of assets, will reduce the minimum downpayment required on standard mortgage loans to 15% from 25%, starting January 21, 2017.
CEC Bank Cuts Required Down Payment On Mortgage Loans To 20% Until End-2016
Romanian lender CEC Bank has decided to cut the minimum downpayment required on mortgage loans to 20% from 30%, as part of a promotional offer valid until the end of 2016.
Kaufland Sends EUR25M Back Home
Kaufland Romania, the leader of the local retail sector, will send 110 million lei (EUR25 million) back to its parent company in Germany, according to an announcement in the Official Gazette...
Electrica Cuts Staff At Its Subsidiaries By 7%
Romanian electricity distribution and supply company Electrica (EL.RO) will reduce the number of employees at its subsidiaries by 7.3%, in a move to boost labor productivity, according to in...