Social/Politics
Fondul Proprietatea Starts Trading in London
Romanian investment fund Fondul Proprietatea (FP.RO) Tuesday started trading in London, after listing its global depositary receipts (GDRs) on the Specialist Fund Market.
PM: Government Considers Special Taxes Unless Retailers Lower Shelf Prices After VAT Cut
The government can't freeze shelf prices following a VAT cut to 9% on food items but could introduce special measures, such as high taxes, unless retailers adjust their prices to the VAT cut...
OMV Petrom Cuts Investment Budget, OKs Dividend Payout
Romania’s largest oil&gas company OMV Petrom (SNP.RO) will pay a gross dividend of 0.112 lei (EUR0.025) per share from 2014 profits, almost three times lower than last year, according to the...
Transport Ministry-Owned Companies Posted RON650M Profit In 2014
The companies subordinated to the Transport Ministry posted total profit of almost 650 million lei (EUR147 million) in 2014, after having posted total losses of RON460 million in 2013.
Elliott, One Of The Major Beneficiaries Of Property Restitution Process In Romania
US hedge fund Elliott Associates, the largest shareholder of Fondul Proprietatea (FP.RO) with an over 19% stake, bought into the fund as early as 2009-2010. At the time Fondul Proprietatea h...
ASF Head: Listing 15 State Companies Would Bring Over EUR1B To State Coffers
The listing of 15 companies which have or have not been privatized yet, are either minority or majority owned by the state or have already been listed, would bring the government over EUR1 b...
Bucharest City Wants To Raise Up To RON2.2B In Several Bond Issues
The city of Bucharest plans to raise up to 2.2 billion lei (EUR500 million) in several bond issues to fund the repayment of a 10-year bond that falls due in June, market sources told Mediafa...
Romania Posts Budget Surplus of 0.7% of GDP in 1Q
Romania’s budget posted surplus after the first three months as the country recorded higher tax revenues, while investment expenses were cut, data from the Finance Ministry showed Tuesday.
INS: Romanian Executives Expect Growth In All Sectors In 2Q
Romanian managers predict activity in all economic sectors will grow over the April-June period compared with the previous three months, the statistics institute INS said in a survey release...