International Investment Bank Places RON300M Corporate Bonds On Bucharest Bourse
International Investment Bank placed corporate bonds worth RON300 million (EUR67 million) on Bucharest Stock Exchange on Thursday, September 29, the bourse said in a statement.
“There were issued 30,000 bonds with a nominal value of RON 10,000, for which International Investment Bank will pay, on an annual basis, an interest rate of 3.4% p.a. This is the third bond issue in the European Union and IIB’s second placement in Romania, in RON. The issue was oversubscribed twice over, being brokered by BT Capital Partners and BCR. In 2015 the Bank issued bonds of RON 111 milion, at coupon of 4.1% per year,” BVB said.
The new issue attracted institutional investors including investment funds and pension funds, insurance companies and brokerage and other investors, not only in Romania but also in Germany, Austria, Croatia and the Czech Republic. (Romania Libera)
Energy Holding Company Investigated For Tax Evasion
Energy Holding company is investigated for tax evasion and embezzlement, according to judicial sources.
The company has allegedly acquired overrated plots of land from an individual and from businessman Said Baaklini, triggering damages worth over EUR6 million.
According to the sources, the file was split from another case against the businessman investigated by the National Anticorruption Department DNA, and is currently investigated by the Prosecutor’s Office with Bucharest Court of Appeals.
Investigations show that, in 2009, two companies closed consultancy and purchase agreements for several plots of land at higher prices and did not pay EUR500,000 to the state budget, representing corporate tax and VAT. (Puterea)
Over 42% Of Romanians Face Issues Related To Payment Of Monthly Utility Bills
Over 42% of Romanians are included in the “energy poverty“ category and face issues related to the payment of monthly utility bills, according to Emil Calota, vice-president of Romania’s energy regulator ANRE.
“A consumption of 100 kWh/month for a household is clearly showing the level of economic-social development in the rural environment. Let’s not forget the number we have in our collective conscience: over 42% of the Romanian population is included in the «energy poverty» category, of people facing issues in paying the monthly utility bills,“ Calota stated. (Adevarul)
Busoi: PNL Could Have A Political Project With Dacian Ciolos
PNL Bucharest president, Cristian Busoi, stated that it is quite possible to have a joint political project with PM Dacian Ciolos after the parliamentary elections, saying the collaboration can become reality without the PM to be a PNL member.
“It is quite possible to have a joint political project with Prime Minister Dacian Ciolos after the elections. (…) We can build a political project with him without being a PNL member. We can coordinate our messages, especially that we act and think the same way in relation with many topics. At the same time, he could be our option for PM if Romanians trust us and build a majority around PNL after the elections,” Busoi stated. (Evenimentul Zilei)
Ambulance Service Illegally Transported Influential People Abroad In 2013-2015
After the dearth of artist Ioan Gyuri Pascu, several irregularities related to Bucharest-Ilfov Ambulance Service (SABIF) are coming to light.
According to investigations carried out by journalist Catalin Tolontan, the ambulances were used to transport illegally abroad prosecutors, doctors or businesspersons who were neither critical cases, nor social cases.
The media cited ambulance doctors as saying that, at the order of SABIF manager, the ambulances “carry out transports abroad for black money”.
Dr. Alis Grasu, manager of Bucharest-Ilfov Ambulance Service, stated that, between 2013 and 2015, the ambulances transported only 15 persons abroad, namely children, people injured in car accidents or people in critical conditions. (Adevarul)