Agerpres - 3 February 2012
The bilateral economic relations between the United States and Romania need fresh impetus and the actions to be designed by the recently-created American-Romanian Business Council (AMRO) will lead to a better information of the business climate and certainly to new and important U.S. investments in Romania, AMRO President Eric Stewart told Agerpres in an interview.
Raiffeisen Capital & Investment - 3 February 2012
According to data released within OMV's Trading Statement, Petrom's oil production in 4Q 2011 stood at 186,000 boe/day, which is 1% higher qoq and 0.5% higher yoy as first volumes from the exploration well Totea contributed with 1,500 boe/d.
Agerpres - 3 February 2012
The Finance Ministry (MFP) on Thursday borrowed RON 1.304 billion (nearly 0.3 billion) off commercial banks, RON 554.45 million more than initially set, in a benchmark bond issue maturing in October 2014 auctioned by the National Bank of Romania (BNR).
BCR Research - 2 February 2012
Today, the NBR cut the key rate by 25bp to 5.5%, while keeping unchanged the minimum reserve requirements for both RON and FXliabilities. The decision was in line with our expectations and market consensus.
Raiffeisen Capital & Investment - 2 February 2012
According to a release to the Bucharest Stock Exchange, the local securities commission (CNVM) approved yesterday the preliminary prospectus for the SPO of 15% of the share capital of the power grid operator Transelectrica (TEL).
Raiffeisen Capital & Investment - 2 February 2012
The state published the official announcement requesting offers for the sale of a 10% stake in energy producer Hidrolecetrica through an IPO by issuing new shares.
Agerpres - 2 February 2012
Romania's economy could be the first to emerge from the European crisis with a strong economic growth, according to Mark Mobius, managing director of the investment company Franklin Templeton Emerging Markets, and Proprietatea Fund (FP) manager Greg Konieczny.
Agerpres - 2 February 2012
On January 31, 2012, Romania's international reserves totalled 37.08 billion euros, compared to 37.25 billion euros on December 31, 2011.
Agerpres - 2 February 2012
The Bucharest Stock Exchange (BVB) closed Wednesday up, with the BET and the BET-C indices having reached their past six month high recorded in the first trade session of August 2011.
Agerpres - 2 February 2012
Romania's national currency - will continue to strengthen against other currencies in 2012, appreciate the CEO of the investment company Franklin Templeton Emerging Markets, Mark Mobius, and the Property fund manager (FP), Greg Konieczny.
Raiffeisen Capital & Investment - 1 February 2012
Banca Transilvania's (TLV) 4Q 11 results under RAS came in below our and consensus estimates mainly due to higher risk costs, despite the fact that apparently NPLs have actually decreased a bit. This is actually the last quarter when TLV reports RAS figures, as starting 2012 Romanian banks will switch to IFRS.
Agerpres - 1 February 2012
Governor of the National Bank of Romania (BNR) Mugur Isarescu was re-elected as Chairman of the National Committee on Financial Stability (CNSF) for another year, the committee reports in a release sent to Agerpres.
Agerpres - 1 February 2012
Romania's Finance Ministry (MFP) is set to borrow RON 5 billion (nearly 1.15 billion euros) off local banks this February in seven issues of treasury certificates and Government bonds.
Agerpres - 1 February 2012
Another nine United States-based companies have been registered in the RoClear offset-settlement and register system managed by the Central Depository, the institution announced in a release on Tuesday.
Raiffeisen Capital & Investment - 1 February 2012
Pharmaceuticals retailer and distributor Ropharma (RPH) released its preliminary 4Q 2011 results with sales up 16% yoy to RON 103.9 mn. On the costs side, merchandise expenses rose in line with sales to RON 85.7 mn, while personnel costs augmented by 15% yoy to RON 9.3 mn, on higher headcount, as during 4Q, RPH acquired several pharmacies.
Raiffeisen Capital & Investment - 1 February 2012
Banca Transilvania (TLV) has reported a net profit of RON 25 mn for 4Q 11, below our and consensus estimates mainly on higher risk costs. The surge in risk costs is higher than we anticipated after a drop in 3Q 11, despite the fact that NPLs have hardly increased.
Raiffeisen Capital & Investment - 1 February 2012
SIF Moldova (SIF2) has called an extraordinary GSM for April 5 (6) whose most important topics are: (i) a share capital increase of RON 114.2 mn by issuing two new shares for every old share at a price of RON 0.11, (ii) approving a 2011 DPS of RON 0.22 and (iii) amending its bylaw.
Raiffeisen Capital & Investment - 1 February 2012
According to media sources, the Ministry of Economy has issued a government decision for the listing on the Bucharest Stock Exchange (BVB) of stakes of 15% in electricity distribution companies Electrica Distributie Transilvania Sud, Electrica Distributie Transilvania Nord and Electrica Distributie Muntenia Nord.
Raiffeisen Capital & Investment - 31 January 2012
The regulatory authority in the energy sector (ANRE) released its proposal regarding the efficiency factor which should be used to determine Transgaz tariffs over the next regulatory period of five years, beginning in July 2012.
Agerpres - 31 January 2012
Franklin Templeton Investment Management Limited UK, Bucharest branch, manager of Proprietatea Fund (FP), believes that the current process of selecting professional managers for the companies scheduled for listing should contribute to higher prices for their shares listed on Bucharest Stock Exchange (BVB), reads a release sent by Franklin Templeton on Monday, January 30.
Agerpres - 31 January 2012
The new Regulation of Romania's Central Bank (BNR) on the mandatory minimum down payment of 15% at mortgage loans will take effect on January 31, after, in 2011, the Central Bank modified the granting conditions of housing loans.
Agerpres - 30 January 2012
The non performing loans (NPL) ratio for credit institutions registered in Romania, per total system, reached 14.18 percent at the end of the third quarter 2011, compared to 11.67 percent, on September 30, 2010, the National Bank of Romania (BNR) data reveal.
Raiffeisen Capital & Investment - 30 January 2012
SIF Banat-Crisana (SIF1) has called an extraordinary GSM for March 1, 2012 to amend its bylaws, namely to increase the ownership limit from 1% to 5%.
Raiffeisen Capital & Investment - 30 January 2012
The natural gas grid operator Transgaz (TGN) called a GSM for March 5 to initiate the procedure for the selection of the new executive and non-executive board members according to the government ordinance 109/2011.
Raiffeisen Capital & Investment - 30 January 2012
Fondul Proprietatea (FP) has informed that Hidroelectrica's shareholders gathered for an extraordinary GSM has approved the listing of the company on the Stock Exchange.
Raiffeisen Capital & Investment - 27 January 2012
According to a report issued by the Regulatory Authority in the Energy Sector (ANRE) gas consumption rose by 25% yoy in November 2011 to 17.2 TWh. The largest consumption increase came from households, with a 50% yoy rise to 3.9 TWh, and energy producers, up 60% yoy to 5.2 TWh.
BCR Research - 25 January 2012
A brokerage, business resources and consultancy platform has become operational starting Tuesday by means of the Romanian Business Exchange (BRA), which, via the information, links entities having financial resources to entities looking for resources to develop businesses, a release to Agerpres says.
Agerpres - 25 January 2012
A Consortium consisting of Erste Group Bank AG, Goldman Sachs International, Romanian Commercial Bank and Raiffeisen Capital & Investment was chosen to mediate the public offering of a package of 15 percent of Romgaz stock, the Ministry of Economy, Trade and Business Environment informed on Tuesday.
Agerpres - 25 January 2012
The delegation of the International Monetary Fund (IMF), the European Commission and the World Bank on Wednesday, in Bucharest, begins the fourth mission meant to evaluate the precautionary stand-by agreement with Romania.
Agerpres - 25 January 2012
National unemployment in Romania stood at 5.12 percent at the end of 2011, with the lowest unemployment reported for Ilfov County (1.67 percent) and Timis County (1.90 percent), and Bucharest City (2 percent), Chair of the National Employment Agency (ANOFM) Elvira Rodica Antonescu told a press conference.
Agerpres - 20 January 2012
Island is interested in developing in Romania, mainly in the western region, several heating project by the use of thermal energy, a field in which this country is a worldwide leader, Foreign Affairs and External Trade Minister Össur Skarpheoinsson said in the joint press conference with his Romanian counterpart Teodor Baconschi.
Agerpres - 20 January 2012
The Ministry of Public Finance (MFP) on Thursday raised RON 436 mln (some 100.34 mln euros at the current exchange rate) from the commercial banks through a benchmark bond issue maturing in April 2016, placed through the National Bank of Romania; the raised amount was 45 pct more than planned.
Agerpres - 19 January 2012
The Board of the Bucharest Stock Exchange (BVB) has altered the Stock Code to enable the trading on the alternative trading system (ATS) of some companies outside the European Union (EU), according to a release of BVB sent Agerpres.
Agerpres - 19 January 2012
Country risk assessment company Coface maintains Romania's B risk rating, indicating a shaky political and economic environment, able to further affect an already poor payment history, the Coface representatives told a press conference on Wednesday.
Raiffeisen Capital & Investment - 19 January 2012
According to media sources, the Government approved yesterday the listing of 10% of the share capital of hydro power generator Hidroelectrica and nuclear power generator Nuclearelectrica through share capital increases on the Bucharest Stock Exchange (BVB).
Raiffeisen Capital & Investment - 18 January 2012
SIF Muntenia (SIF4) has called an extraordinary GSM for February 18 (20), 2012 to amend its bylaws, namely to increase the ownership limit from 1% to 5%.
Raiffeisen Capital & Investment - 18 January 2012
Petrom (SNP) announced that the construction of Brazi power plant was successfully completed by the end of 2011, but final tests were interrupted due to external technical factors.
Raiffeisen Capital & Investment - 17 January 2012
Household appliances producer Electroarges (ELGS) held a shareholders meeting on January 14. The shareholders approved a share capital increase of RON 9.3 mn to RON 15.5 mn through the issuance of 30.9 mn new shares priced at RON 0.3 each.
Raiffeisen Capital & Investment - 17 January 2012
Chemical producer Oltchim (OLT) announced that starting January 11 power supplier Electrica has partially cut its energy supply to the company and thus it had to reduce production.
Raiffeisen Capital & Investment - 17 January 2012
Yesterday, the Ministry of Finance has raised RON 3.5 bn through the issuance of 1-year T-bills, more than double the initial intended amount of RON 1.5 bn.
Agerpres - 17 January 2012
Three banking consortia submitted offers to broker the listing on the stock exchange of a stake belonging to Romgaz Medias, with the winner to be announced in two weeks, Florin Vladan, director of the Office of State Participations and Privatization in Industry (OPSPI), told Agerpres.
Agerpres - 17 January 2012
Romania is seen by the Turkish investors as a much better investment destination than many other EU-member states, the Association of Turkish Businessmen from Romania (TIAD) says in a release sent to Agerpres on Monday.
Raiffeisen Capital & Investment - 16 January 2012
Fondul Proprietatea (FP) has published its unitary NAV as of December 2011 which came in at RON 1.0788 per share, up 0.4% mom mainly on a back of a 1.1% mom increase in listed shares portfolio to RON 4.8 bn.
Raiffeisen Capital & Investment - 16 January 2012
SIF Moldova (SIF2), SIF Transilvania (SIF3) and SIF Muntenia (SIF4) have published their official NAVs as of end-December 2011, which revealed the preliminary net profit for 2011.
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