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Fondul Proprietatea Won’t Sell Petrom Shares Any Time Soon
A sale of a significant stake in OMV Petrom (SNP.RO) by Fondul Proprietatea (FP.RO) is in its early stages and will not happen any time soon, according to Franklin Templeton, the manager of...
SIF Shares Down Since Start Of 2014
The shares of the five regional investment funds (SIF) are down compared with the beginning of the year and the SIFs that announced they would not be paying any dividends suffered the most:...
Could 2014 Be Best Year In History Of Bucharest Bourse?
2013 has been the best of the past six years for the Romanian stock exchange and most brokers are optimistic about 2014, if economic growth continues and political stability is maintained, a...
Romania To Seek EC Permission To Convert Posta Romana Debts Into Shares
Romania’s government will ask the European Commission to approve the conversion into shares of the state budget debts registered by postal operator Posta Romana, and the company’s 107 millio...
Realty Developer Impact Might Cut Share Capital To RON19.8M
Romanian businessman Adrian Andrici, which owns a 10.69% stake in real estate developer Impact Developer&Contractor (IMP.RO), proposed the reduction of the company’s share capital to 19.78 m...
Omniasig Wants To Hike Share Capital By EUR30M
The shareholders of Romanian insurer Omniasig VIG (former BCR Asigurari) will meet on November 20 for talks on increasing share capital by 138.3 million lei (EUR30 million), to RON388.5 mill...
Sony Romania Eyes 5% Share On Laptops Market In 2012
Sony Romania forecasts a 5% market share on the local laptops segment in 2012, triggered by 25% higher sales, the company’s marketing director Mircea Stoicescu said Thursday.
Government OKs Conversion Of CFR’s Debts Into Shares
The Romanian Government approved Tuesday an emergency ordinance whereby the debts of railway administrator CFR SA, amounting to 3.99 billion lei (about EUR917 million) at the end of last yea...
Private Pension Funds' Assets Seen At 1.22% of GDP By Yearend
Romanian private pension system regulator CSSPP cut by 0.13 percentage points to 1.22% its estimation regarding the weight of private pension funds’ assets in the gross domestic product at t...