2012-05-18 16:45  |
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NewsRompetrol Well Services (PTR) Friday, May 18, 2012 Rompetrol Well Services (PTR), started started this month the work on an exploration well in the Muglad Basin in Southern Sudan, under a contract of about 800.000 dollars, signed by the company in March, the deadline being in September. The company [...] SIF Oltenia (SIF5) Friday, May 18, 2012 At end-April, net asset value of SIF Oltenia (SIF5) was lei 1.56 million, decreased by 5% as compared to March 2012. The net asset value per unit was lei 2.7024 per share, the shares being traded with a discount of more than 60% as compared to the [...] Fondul Proprietatea (FP) Thursday, May 17, 2012 Fondul Proprietatea (FP)’s management convenes in June 27 the general meeting of the shareholders to approve the admission and the introduction of the shares issued by the fund to trading on the regulated market of the Warsaw Stock Exchange and [...] Oil Terminal (OIL) Thursday, May 17, 2012 Oil Terminal (OIL) shareholders approved the revocation of Mr. Silviu Ioan Wagner from the company’s Managing Board as well as beginning of the administrators’ selection procedures in accordance without 109/2011 regarding corporate governance of [...] Macroeconomie Wednesday, May 16, 2012 Medium and long term external debt at end-March 2012 stood at euro 76.44 billion (77.4% of total external debt), 1.1 percent above the level recorded at end-2011. Short term external debt at end-March totaled euro 22.26 billion (22.6% of total [...] Erste Bank (EBS) Wednesday, May 16, 2012 Erste (EBS) shareholders approved bank’s financial statements as well as management’s proposal regarding profit’s distribution. Therefore, the profit of lei euro 141.09 million will distributed to holders of participation certificates (which [...] Macroeconomics Wednesday, May 16, 2012 In January – March 2012, the balance-of-payments current account posted a deficit of euro 544 million, 43.7% lower y-o-y, due mainly to the 52.2% increase in the current transfer’s surplus supported by almost one fourth increase in the income [...] Macroeconomics Tuesday, May 15, 2012 In the first quarter of 2012, the Romanian Gross Domestic Product (GDP) was decreased by 0.1% as compared to the last quarter of 2011. As compared to the same period of the last year, Gross Domestic Product recorded an increase of 0.3% as a gross [...] Fondul Proprietatea (FP) Tuesday, May 15, 2012 In the first quarter of 2012, Fondul Proprietatea (FP) recorded a loss of lei 1.5 million as compared to the same period of the previous year when it recorded a profit of lei 14.1 million. The main factors behind the loss in the first quarter of [...] Antibiotice (ATB) Tuesday, May 15, 2012 At the end of first quarter 2012, Antibiotice (ATB)’s turnover was lei 72 million, increased by 1% compared to the similar period of the previous year. The operating profit had an upward trend, reaching lei 17.93 million due to the increase by [...] Transelectrica (TEL) Monday, May 14, 2012 In the first three months of 2012, Transelectrica (TEL) recorded a net profit of lei 43.63 million, 3.6 times decreased as compared to first quarter of 2011 (160.88 million). The operational profit decreased by 52.44% to lei 71.62 million, from lei [...] Transgaz (TGN) Monday, May 14, 2012 Transgaz (TGN) reported at end of the first quarter of 2011 a net profit of lei 173.5 million, decreased almost 11% as compared to the same period of the previous year. Company’s total revenues decreased by 0.5% to lei 472.22 million, mainly due [...] Bursa de Valori Bucuresti (BVB) Friday, May 11, 2012 Bursa de Valori Bucuresti (BVB) reported first-quarter 2012 net profit of lei 2.77 million, up 26% compared with the same quarter from 2011 and up 140% from fourth-quarter 2011, when in registered a profit of lei 1.15 million. BVB’s operating [...] Macroeconomics Friday, May 11, 2012 In April 2012, the annual inflation rate decreased to 1.8% as compared to April 2011. The consumer price index was 100.07% in April 2012 compared to March 2012. As compared to March 2012, in April the food goods decreased by 0.1% while the non-food [...] Macroeconomics Thursday, May 10, 2012 Compared to first quarter of 2011, in first quarter of 2012 the turnover in industry increased by 1.4%, due to the rises in mining and quarrying (+1.8%) and in manufacturing (+1.3%). On main industrial groups, there were rises in the turnover of the [...] Macroeconomics Thursday, May 10, 2012 In first quarter of 2012, the volume of construction works, unadjusted series decreased by 1.1% compared to the same period of the previous year. By structural elements, falls were registered for maintenance and current repair works (-27.3%) and for [...] OMV Petrom (SNP) Wednesday, May 09, 2012 In the first quarter of 2012, OMV Petrom (SNP) recorded a profit of lei 1.38 billion, increased by 65% as compared to 2011. Exploration expenditure doubled compared to Q1/11, amounting to lei 267 million, predominantly as a result of the first deep [...] Macroeconomie Wednesday, May 09, 2012 In the first quarter of 2012, the FOB-CIF commercial deficit was of 7.35 billion lei (1.69 billion euro), 982.7 million lei (183 million euro) more than in the first quarter of 2011, according to the National Institute of Statistics’ preliminary [...] iFond Financial Romania (IFR) Tuesday, May 08, 2012 At the end of April 2012, the net asset value of iFond Financial Romania (IFR) was lei 195.59, decreased by 2.21% as compared to end-March 2012. These unit funds are traded with a discount of 28% as compared to the main market’s price. In April [...] SIF Muntenia (SIF4) Tuesday, May 08, 2012 The Managing Board of SIF Muntenia (SIF4) convened the company’s shareholders on July 06, 2012 to approve de distribution of supplementary dividends in a gross value of lei 0.122 per share from the additional reserves of dividends that were not [...] Macroeconomics Friday, May 04, 2012 As against the previous month, in March 2012 the retail turnover volume (excluding the trade with motor vehicles and motor cycles), gross series, globally increased by 18.8%, due to the increments registered by the fuel retail for motor vehicles in [...] Fondul Proprietatea (FP) Friday, May 04, 2012 Fondul Proprietatea will own 21.54% of the share capital of CE Oltenia (of lei 1.26 billion) due to the approval of the merger of SC Complexul Energetic Craiova SA with SC Complexul Energetic Rovinari SA and SC Complexul Energetic Turceni SA. Also, [...] Macroeconomics Thursday, May 03, 2012 In March 2012, the seasonally adjusted unemployment rate- according to the international definition (ILO) – was estimated at 7.5%, increasing by 0.4 pp as compared with the previous month and by 0.5 pp as against the level recorded in March 2011. [...] Macroeconomie Thursday, May 03, 2012 In March 2012 the industrial production prices for total (domestic and non-domestic market) increased by 1% compared to the previous month. By sections, price increases were recorded for manufacturing (+1.3%), while price decreases were reported for [...] Oltchim (OLT) Thursday, May 03, 2012 In the first quarter of 2012, Oltchim (OLT) recorded loses of lei 82.81 million, compared to a loss of lei 2.64 million at end-March 2011. Company’s total revenues were halved, from lei 519.7 million y-o-y to 263.4 million and the total expenses [...] Banca Transilvania (TLV) Wednesday, May 02, 2012 In the first quarter of 2012, the net profit of Banca Transilvania (TLV) was lei 91.82 million, increased by 73.3% compared to the same period of the previous year when it recorded lei 52.98 million. Also, the bank’s net provisions decreased from [...] Azomures (AZO) Wednesday, May 02, 2012 Azomures (AZO) shareholders decided that the net profit obtained by the company in 2011 in value of lei 365.19 million to remain at the company’s disposal, being rejected the divided proposal in value of lei 0.4165 per share of the shareholder [...] Macroeconomics Wednesday, May 02, 2012 The Board of the National Bank of Romania decided to keep unchanged the monetary policy rate at 5.25% per annum and to maintain the existing levels of minimum reserve requirements ratios on both leu-denominated and foreign currency-denominated [...] OMV Petrom (SNP) Monday, April 30, 2012 The shareholders of OMV Petrom (SNP) approved the distribution of a gross dividend in value of lei 0.031 per share for the financial year 2011 in a total value of lei 1.75 billion. Dividend payment will start on June 18, 2012. The shareholders also [...] Banca Romana pentru Dezvoltare (BRD) Monday, April 30, 2012 In the first quarter of 2012, the net profit of Banca Romana pentru Dezvoltare (BRD) was lei 83 million, decreased by 39% compared to the first quarter of 2011 and the net banking income increased by 6% y-o-y. The total volume of loans to customers [...] Teraplast (TRP) Monday, April 30, 2012 The General Meeting of the Shareholders of Teraplast (TRP) approved the financial statements for 2011 as well as the revenues and expenditure budget for 2012. Therefore, the company’s management estimates for 2012 a profit of lei 7.9 million as [...] Antibiotice (ATB) Friday, April 27, 2012 Instead of the capital increase with the dividends value, the shareholders of Antibiotice (ATB) approved, at the proposal of the major shareholder – Health Ministry, the distribution of a gross dividend of lei 0.015191574 lei, afferent to the net [...] Transelectrica (TEL) Friday, April 27, 2012 The General Meeting of the Shareholders of Transelectrica (TEL) approved the financial statements for 2011 and a gross dividend of lei 1.10 per share in a total value of lei 80.63 million, representing a distribution of the net profit of 88%. The [...] SIF Banat-Crisana (SIF1) Friday, April 27, 2012 The shareholders of SIF Banat-Crisana (SIF1) approved a gross dividend of lei 0.10 per share in a total value of lei 54.88 million (87% of the net profit obtained in 2011 which was 63 million), at the proposal of the company’s management. [...] Fondul Proprietatea (FP) Thursday, April 26, 2012 At the Ordinary General Meeting of Fondul Proprietatea (FP) the shareholders approved a gross dividend of lei 0.03854 per share, afferent to 2011 net profit and fund’s financial statements for 2011. The dividend payment will start with June,29 [...] Rompetrol Well Services (PTR) Thursday, April 26, 2012 Rompetrol Well Services (PTR)’s shareholders approved a gross dividend of lei 0.029 for 2011. The payment deadline is 6 months after the General Meeting of the Shareholders. On the agenda, there were approved the financial statements for 2011 as [...] Banca Comerciala Carpatica (BCC) Thursday, April 26, 2012 Mr. Ilie Carabunea resigned as President and member of the Supervisory Board of Banca Comerciala Carpatica (BCC) and it was replaced by Mr. Nicolae Petria. To complete the Supervisory Board of Banca Comerciala Carpatica it will be convened later a [...] Transgaz (TGN) Wednesday, April 25, 2012 The shareholders of Transgaz (TGN) approved a gross dividend of lei 29.76 per share, related to 2011 profit. The payment of the dividends will start on 22 October 2012. The gross dividend is 3.44% higher as compared to the dividend distributed in [...] Biofarm (BIO) Wednesday, April 25, 2012 The General Meeting of the Shareholders of Biofram (BIO) approved the distribution of lei 10.94 million of the net profit of 2011 to dividends (gross dividend lei 0.01 per share) as well as the financial statements for 2011. The shareholders [...] Bursa de Valori Bucuresti (BVB) Wednesday, April 25, 2012 The General Meeting of the Shareholders of Bursa de Valori Bucuresti didn’t met because of lack of quorum, being present shareholders that own 2.52 million shares representing 32.925% of the company’s share capital for the General Ordinary [...] SIF Banat-Crisana (SIF1) Tuesday, April 24, 2012 Before the General Meeting of the Shareholders of SIF Banat-Crisana (SIF1) on 25.04.2012, the Managing Board decided to suspend the voting rights representing 3.97% of the social capital of SIF Banat-Crisana (21,798,311 suspended voting rights) [...] Fondul Proprietatea (FP) Tuesday, April 24, 2012 The Managing Board of Fondul Proprietatea (FP) announced that starting with April 23, 2012, the paid share capital of the Fund has increased to lei 13,412,780,166, while the subscribed share capital of the Fund remains unchanged at lei [...] Fondul Proprietatea (FP) Monday, April 23, 2012 Beginning with 20 April 2012, following the entering into force of the new Constitutive Act, the minimum required quorum condition of 50% of the paid share capital for the validity of the deliberation of the extraordinary general shareholders [...] Ropharma (RPH) Monday, April 23, 2012 The shareholders of Ropharma (RPH) are called on May 28, 2012 to approve the merger between Ropharma (RPH) and other six companies. If the merger is approved, the company’s social capital will be increased from lei 29.10 million to lei 29.11 [...] Alumil (ALU) Monday, April 23, 2012 The shareholders of Alumil (ALU) voted not to distribute dividends of 2011 profit in value of lei 3.4 million and its allocation to retained earnings. They also approved the company’s financial statements as well as the revenues and expenditure [...] SIF Muntenia (SIF4) Friday, April 20, 2012 The shareholders of SIF Muntenia (SIF4) approved the distribution of a gross dividend of lei 0.081 per share of the profit obtained in 2011 in value of lei 65.33 million. The dividend distribution will start on August 1, 2012, the shareholders [...] Casa de Bucovina (BCM) Friday, April 20, 2012 The General Meeting of the Shareholders of Casa de Bucovina (BCM) approved the distribution of a gross dividend of lei 0.009 per share, in a total value of lei 1.5 million from the net profit of 2011 and as well as from the reported result of the [...] SIF Muntenia (SIF4) Thursday, April 19, 2012 At end-March 2012, the net asset value per unit was lei 1.5678, increased by 0.5% as compared to February 2012 (when it recorded lei 1.5595) and decreased by 16% as compared to the net asset value per unit recorded at end-March 2011 of lei 1.8696. [...] SIF Oltenia (SIF5) Thursday, April 19, 2012 In March 2012 the net asset value per unit for SIF Oltenia (SIF5) recorded the same value as compared to March 2011 of lei 2.8418 while the net asset value was lei 1.64 million almost at the same level as y-o-y. At this time SIF Oltenia (SIF5) [...] Erste Bank (EBS) Wednesday, April 18, 2012 Erste (EBS)’s shareholders are called on May 15, 2012 to approve the financial statements and as well the profit of 2011 distribution. The recommendation of the Management Board is that the amount of euro 141.09 million to be distributed to [...] New Europe Property Investments (NEP) Wednesday, April 18, 2012 New Europe Property Investments (NEP) announced that the Company intends to undertake a placing of at least 800,000 ordinary shares in the Company (“Ordinary Shares”), on a non preemptive basis, with a limited number of potential investors, with [...] Macroeconomics Wednesday, April 18, 2012 In 2011, the employment rate for working age population (15-64 years) was 58.5%, decreased by 0.3 pp as compared to the previous year. The unemployment rate, according to the international definition (ILO) was 7.4%. The unemployment rate for [...] SIF Moldova (SIF2) Tuesday, April 17, 2012 End March, the net asset value per unit for SIF Moldova was 2.3137 lei, up by 9.44% from the beginning of 2012. Company's profit in the first three months of the year was lei 25.93 million, increasing nearly 2.5 times compared to the same period [...] SIF Banat Crisana (SIF1) Tuesday, April 17, 2012 In the first three months of this year, SIF Banat Crisana had a profit of lei 19.5 million, while in same period last year it reported only lei 0.3 million. Most of the profit was obtained in February. The net asset value at the end of March was [...] Fondul Proprietatea (FP) Friday, April 13, 2012 At end-March 2012, the net asset value of Fondul Proprietatea (FP) decreased by 0.23%, from lei 16.02 million to lei 15.99 million as compared to February 2012. The net-asset value per unit was lei 1.1922, FP shares being traded with a discount of [...] Macroeconomics Friday, April 13, 2012 At end February 2012, the Romanian medium and long term external debt stood at euro 75.49 billion (77.1% of total external debt), 0.1% below the level recorded at end-2011. Short-term external debt totaled euro 22.48 billion (22.9% of total external [...] Farmaceutica Remedia (RMAH): Friday, April 13, 2012 Farmaceutica Remedia (RMAH) approved the distribution of a gross dividend of lei 0.02 (which represents a distribution rate of 52.03% of total net profit) and 21% of the net profit to be placed for the employees rewarding. The dividends will be paid [...] Azomures (AZO) Thursday, April 12, 2012 Fondul Proprietatea, shareholder of 11,12% of Azomures, requested to complete the agenda of the General Meeting of the Shareholders of Azomures (AZO) with an issue regarding the distribution of a gross dividend for 2011 of lei 0.4165 per share in a [...] SIF Muntenia (SIF4) Thursday, April 12, 2012 On 11.04.2012, the day of the first gathering of SIF Muntenia’s Ordinary Meeting of the Shareholders, the meeting didn’t take place, because of lack of quorum, only a number of shareholders owning together 109,255,155 shares (13.53% of the [...] Macroeconomics Thursday, April 12, 2012 In January – February 2012, the balance of payments current account posted a deficit of euro 663 million, 64.1% higher from the same-year-ago period, due mainly to the trade deficit doubling and the current transfer surplus decreasing by one [...] Macroeconomics Wednesday, April 11, 2012 In February 2012, industrial production (gross series) increased by 2.4% compared to the previous month, due to rises in electricity, gas, steam and air conditioning supply (+6.5%) and manufacturing (+2.8%). Mining and quarrying was down 13.7%. By [...] Macroeconomics Wednesday, April 11, 2012 Compared to the previous month, in February 2012, the turnover of market services rendered mainly to enterprises, gross series, globally increased by 3.0%, mainly due to rises in the activities of programmers transmission and release (+28.8%), [...] Banca Transilvania (TLV) Tuesday, April 10, 2012 Following a request sent by SIF Moldova (SIF2), that holds 5% of Banca Transilvania (TLV), bank’s Managing Board introduced an issue on the agenda of the Extraordinary Meeting of the Shareholders. That issue refers to the repurchase of maximum 15 [...] Macroeconomics Tuesday, April 10, 2012 Inflation ratio registered 2.4% in March 2012 while the consumer price index was 100.42% in March 2012 as compared to the previous month. In March 2012, the prices of goods and non-food goods increased up by 0.6% and 0.3%, respectively while the [...] Macroeconomics Monday, April 09, 2012 In February 2012, the Romanian FOB-CIF commercial deficit was of lei 2.22 billion (euro 511.7 million), lei 476.6 million (euro 100.6 million) more than in February 2011, according to preliminary estimations of the National Institute of Statistics. [...] Macroeconomics Monday, April 09, 2012 At end-March 2012 the unemployment rate at the national level was 5.05%, decreased by 0.22 pp as compared to February 2012 and down by 0.95 pp as compared to March 2011. At end-March the total unemployed was 454,541 persons, decreased by 19,325 [...] Macroeconomics Friday, April 06, 2012 In February 2012, the industrial new orders fell by 15.0% compared to the previous month, due to the decreases recorded for intermediate goods (-28.0%) and capital goods (-8.3%). Increases were recorded for consumer durables (+28.6%) and consumer [...] Macroeconomics Friday, April 06, 2012 Compared to the previous month, in February 2012, the turnover in industry increased per total industry by 1.1% due to rises in manufacturing (+1.8%). Mining and quarrying industry decreased by 11.4%. On main industrial groups, there was an increase [...] SIF Moldova (SIF2) Thursday, April 05, 2012 The Extraordinary Meeting and the Ordinary Meeting of the shareholders of SIF Moldova (SIF2) didn’t met the necessary quorums, attending in person, by proxy or by mail a total of 9.100 shareholders, holding a total of 171.28 million voting rights, [...] Macroeconomics Thursday, April 05, 2012 In February 2012, the average gross nominal earnings were lei 2,028, increasing with lei 6 against January 2012, according to the National Institute of Statistics’ data. The average net nominal earnings were lei 1,472, increasing as against the [...] Macroeconomics Thursday, April 05, 2012 According to the results of the family Budget Survey, in the fourth quarter of 2011, the total monthly average income was, in nominal terms, of lei 2,542 per household and of lei 884 per person. The money income was of lei 2,025 monthly on average [...] Fondul Proprietatea (FP) Wednesday, April 04, 2012 Fondul Proprietatea (FP) shareholders approved in principle the secondary listing of Fondul Proprietatea (FP) on the Warsaw Stock Exchange and the review of the management fee based on the value of the special dividends from the sale of assets. The [...] Ropharma (RPH) Wednesday, April 04, 2012 Ropharma (RPH)’s shareholders approved the financial statements for 2011 and the revenues and expenditure budget for 2012. The management of the company estimates for 2012 a turnover of lei 431.5 million, increased by 12% as compared to 2011 and a [...] Macroeconomics Tuesday, April 03, 2012 In February 2012, the industrial production prices for total (domestic and non-domestic market) increased by 0.8%. By destination, the industrial production prices for domestic market increased by 0.6% and the industrial production prices for [...] Macroeconomics Tuesday, April 03, 2012 In February 2012, the retail turnover volume (excluding the trade with motor vehicles and motor cycles), gross series, globally decreased by 1.7%, due to the drops registered by the sale of non-food products (-5.2%) and by the fuel retail for motor [...] Macroeconomics Monday, April 02, 2012 In February 2012, the seasonally adjusted unemployment rate, computed according to the International Labor Office, was estimated at 7.1% decreasing by 0.1 pp as compared with the previous month and being equal with the level recorded in February [...] Macroeconomics Monday, April 02, 2012 On March 31, 2012 National Bank of Romania’s foreign exchange reserves stood at euro 34.6 billion, increased by 3.6% as compared to euro 33.38 billion at end-February. Inflows were euro 2.22 billion, representing inflows into the European [...] Vrancart (VNC) Friday, March 30, 2012 The shareholders of Vrancart (VNC) approved a revenues and expenditure budget (BVC) through which is estimated for this year a gross profit of lei 6.1 million (three times higher as compared to 2011) in condition to achieve revenues of lei 186.63 [...] Prefab (PREH) Friday, March 30, 2012 Yesterday, Prefab (PREH)’s shareholders approved a new program (the third program) of pursuing their own shares by which intends to repurchase a number of 10% of the company’s shares (4.85 million shares) at a price between lei 0.5 per share and [...] Transelectrica (TEL) Thursday, March 29, 2012 The Managing Board of Transelectrica (TEL) budgeted for 2012 a net profit of lei 40 million, smaller by 55% as compared to 2011. The profit for the next two years it is estimated to be achieved almost at the same level. Company’s operating [...] Macroeconomics Thursday, March 29, 2012 The Board of the National Bank of Romania decided to lower the monetary policy rate to 5.25 percent per annum from 5.50 percent starting with March 30, 2012 and to maintain the existing levels of minimum reserve requirement ratios on both [...] Macroeconomics Wednesday, March 28, 2012 The opinions expressed in March by managers show for next two months an increase in manufacturing and construction sectors and moderate growth in retail and services in relation to the previous quarter as short term indicator. Managers of [...] Macroeconomics Wednesday, March 28, 2012 In February 2012 were issued 1999 construction permits for residential buildings, a 15.4% increase compared with January, but by 12,4% fewer compared with February 2011. About 64.5% of them were for rural areas. The largest increases were recorded [...] Macroeconomics Tuesday, March 27, 2012 Consolidated budget recorded in February a deficit of lei 2.7 billion, which represents 0.44% of GDP. The revenues, amounting to lei 29.3 billion were 6.6% higher than during the same period last year in nominal terms and by 0.1 pp as wheight in [...] Macroeconomics Tuesday, March 27, 2012 RON-denominated household deposits added 1.4 percent to RON 74.86 billion. At end-February 2012, household deposits in domestic currency jumped 13.6 percent (10.8% in real terms) against the same year-ago period. RON-denominated corporate deposits [...] OMV Petrom (SNP) Tuesday, March 27, 2012 The Executive Board of OMV Petrom proposes the shareholders to be distributed a gross dividend 0.031 lei/share (net dividend of 0.026 lei/share) and the payment to start on June 18, 2012. The distribution rate of the dividends is 46.74% of the [...] Prefab (PREH) Tuesday, March 27, 2012 The Company initiated the program to repurchase its own shares for the purpose to distribute them to directors, executives and employees. The program was approved last year and will run until November 10, 2012. It aims at repurchasing a maximum of [...] Banca Transilvania (TLV) Friday, March 23, 2012 Banca Transilvania (TLV)’s shareholders are called in April 27, 2012 to approve the company’s capital increase with lei 129.38 million by issuing a number of 129.38 new shares with a nominal value of lei 1 per share. The increase will be made by [...] Transelectrica (TEL) Friday, March 23, 2012 The Managing Board of Transelectrica (TEL) convened the company’s shareholders to approve the financial statements for 2011 as well as the dividend proposal for 2011 of lei 1.1 per share. The net dividend yield is 5.78%, as compared to the [...] Erste Bank (EBS) Friday, March 23, 2012 Erste Group issued a number of 3.8 million new shares as part of the fourth tranche of the overall transaction with SIF Muntenia (SIF4) and SIF Banat-Crisana (SIF1). As a result, the total number of Erste Group shares rose from 390.76 million to [...] Antibiotice (ATB) Thursday, March 22, 2012 Antibiotice (ATB)’s shareholders are called on April 26, 2012 to approve the company’s financial statements for 2011 as well as the Revenues and Expenditure budget for 2012. The managing board proposed the increase of the social capital by [...] Transgaz (TGN) Thursday, March 22, 2012 The managing board of Transgaz (TGN) convened the company’s shareholders of April 13, 2012 to approve the financial statements as well as the net profit distribution of 2011. The gross dividend proposal is lei 29.76 per share, increased by 3.44% [...] Banca Romana pentru Dezvoltare (BRD) Thursday, March 22, 2012 The management of Banca Romana pentru Dezvoltare (BRD) convenes the Ordinary General Meeting of the Shareholders on April 26, 2012 to propose a gross dividend of lei 0.1669 per share (which represents a net dividend yield of 1.29%). If approved, the [...] Bursa de Valori Bucuresti (BVB) Wednesday, March 21, 2012 Bucharest Stock Exchange (BVB) was authorized by the National Commission of Financial Markets (CNPF) of Moldova Republic to acquire 5% stake in Bursa de Valori Chisinau (BVC). This is the second market operator of Moldova Republic which has as an [...] Sicomed (SCD) Wednesday, March 21, 2012 Sicomed (SCD) shareholders are convened on April 26, 2012 to approve the company’s financial statements for 2011 as well as the distribution of the net profit of 2011 in value of lei 33.85 million, in order to distribute dividends. The gross [...] Biofarm (BIO) Wednesday, March 21, 2012 The management of Biofarm (BIO) convened the company’s shareholders on April 32, 2012 to approve the net profit distribution for 2011, as well as the value of the gross dividend proposed by the managing board , of lei 0.01 per share. The dividend [...] Transelectrica (TEL) Tuesday, March 20, 2012 Until March 27, 2012 it is running the Secondary Selling Public Offer of 15% stake of Transelectrica (TEL) initiated by the Ministry of Economy. The offer is made at a price between lei 14.90 and lei 19.20 per share, the offer price being [...] Turbomecanica (TBM) Tuesday, March 20, 2012 The managing board of Turbomecanica (TBM) convened the General Ordinary Meeting of the Shareholders in 26.04.2012 to approve company’s financial statements for 2011 as well as the expenditure and revenues budget for 2012. According to the 2011 [...] Socep (SOCP) Tuesday, March 20, 2012 Socep (SOCP) shareholders are convened in April 26, 2012 to approve the financial statements for 2011, together with the auditor’s report as well as the distribution of the net profit for 2011. Also, the shareholders are going to approve the [...] Fondul Proprietatea (FP) Monday, March 19, 2012 The shareholders of Fondul Proprietatea (FP) are called on April 25, 2012 to approve the financial statements for 2012 and the gross dividend’s value of lei 0.03854 per share. If approved, the dividend’s payment will star on June 9, 2012. Also, [...] Voestalpine Vae Apcarom (APC) Monday, March 19, 2012 The Managing Board of Voestalpine Vae Apcarom (APC) convened the General Ordinary Meeting of the Shareholders for April 24, 2012 to approve the financial statements for 2011. Also, the Managing Board proposed a gross dividend of 0.09 per share for [...] Azomures (AZO) Monday, March 19, 2012 The Competition Council issued a so-called “non-objection decision”, authorizing the economic concentration between Azomures and Ameropa Holdings that signed a series of agreements to acquire an indirect majority participation in Azomures. [...] Oltchim (OLT) Friday, March 16, 2012 The Ministry of Economy offers for sale a number of at least 188.1 Oltchim (OLT) shares, representing 54.8% of the current share capital of Oltchim (OLT). During the privatization process it will be possible to amend the share capital and therefore [...] SIF Moldova (SIF2) Friday, March 16, 2012 In the first two months of 2012, SIF Moldova (SIF2) obtained a profit of lei 17.27 million. The net asset value at the end of February 2012 was lei 2.3644 per share, increased by 13.5% as compared to January when it recorded lei 2.0817 per share. [...] SIF Oltenia (SIF5) Friday, March 16, 2012 At end-February, the net asset value of SIF Oltenia (SIF5) was lei 2.8165 per share, up by 15.3% as compared to end-January 2012 of lei 2.4413 per share. In the first two months of 2012, SIF Oltenia (SIF5) recorded a profit of lei 10 million. SIF5 [...] Bermas (BRM) Thursday, March 15, 2012 Bermas (BRM)’s shareholders are called by the management of the company on April 26, to approve the company’s financial statements for 2011 as well as the revenues and expenditure budget for 2012. The company’s management proposed a gross [...] Rafo (RAF) Thursday, March 15, 2012 The managing board of Rafo (RAF) convened on 18.04.2012 the General Meeting of the Shareholders to approve the financial statements for 2011, the revenues and expenditure budget for 2012 as well as the investment plan for 2012. At the same date, the [...] Antibitiotice (ATB) Wednesday, March 14, 2012 The Management of Antibiotice (ATB) has proposed that in 2012 to achieve revenues that worth 331.18 million, of which sold production represents 95.47%. The company’s estimates for 2012 a gross profit of lei 29.8 millio, higher by 13% as compared [...] Macroeconomics Wednesday, March 14, 2012 In January 2012, the balance-of-payments current account posted a deficit of euro 37 million, 73.4% lower than in the same year-ago period, due mainly to the increase in current transfers’ surplus and the decrease in income deficit. Non-residents [...] Macroeconomics Wednesday, March 14, 2012 In January 2012, the Romanian total external debt was euro 97.34 billion, decreased by 1.2% as compared to end-2011. The medium and long term external debt at end-January 2012 stood at euro 75.14 billion (77.2% of total external debt), 0.6% below [...] Transelectrica (TEL) Tuesday, March 13, 2012 Tomorow starts the Secondary Selling Public Offer of 15% stake of Transelectrica (TEL) initated by the Ministry of Economy until March 27, 2012. The offer is made at a price between lei 14.90 and lei 19.20 per share (including the range’s hades), [...] Macroeconomics Monday, March 12, 2012 In February 2012, the inflation rate was 2.59%, according to the National Institute of Statistics’ data. The consumer price index was 100.64% in February 2012 compared to the previous month. In January 2012, the prices of food goods and non-food [...] Macroeconomics Monday, March 12, 2012 In January 2012, the FOB-CIF commercial deficit of Romania was lei 2 billion (euro 462.8 million), lei 1.1 billion (euro 251.1 million) more than in January 2011, according to the National Institute of Statistics’ data. FOB exports amounted to lei [...] Electromagnetica (ELMA) Monday, March 12, 2012 The shareholders of Electromagnetica (ELMA) are called on 12.04.2012 to approve the financial statement for 2011 and as well the Revenues and Expenditure Budget for 2012. The managing board of the company proposed that lei 2.7 million of the net [...] Fondul Proprietatea (FP) Friday, March 09, 2012 The management of Fondul Proprietatea (FP) announced that the Central Depository unblocked a number of 4.98 million shares issued by Fondul Proprietatea (FP), owned by the Romanian State represented by the Ministry of Public Finance. There shares [...] Macroeconomics Friday, March 09, 2012 In January 2012, industrial production (gross series) increased by 1.2% as compared to the same month of the previous year, due to increases in mining and quarrying (+5.4%), manufacturing and electricity, gas, steam and air conditioning supply [...] Macroeconomics Friday, March 09, 2012 According to the National Institute of Statistics’ data, in January 2012 the volume of construction works decreases as compared to December 2011, by 63.4% due to falls in capital repair works (-79.9%), maintenance and current repair works (-70,3%) [...] Farmaceutica Remedia (RMAH) Thursday, March 08, 2012 The Shareholders of Farmaceutica Remedia (RMAH) are convened on 11.04.2012 to approve the profit distribution for 2011 in value of lei 4.07 million. The management’s proposal is that lei 2.12 million to be distributed as dividends, the gross [...] Macroeconomics Thursday, March 08, 2012 In January 2012, the industrial new orders rose by 12.5% compared to the previous month, due to the increases recorded for intermediate goods (+26.2%) and capital goods (+7%). Decreases were recorded for consumer durables (-32.4%) and consumer [...] Fondul Proprietatea (FP) Wednesday, March 07, 2012 The Management of Fondul Proprietatea (FP) announced that Citigroup Golbal Markets Limited has been appointed as its exclusive intermediary to facilitated one or more possible transactions involving Fondul Proprietatea (FP)’s interests in the [...] Macroeconomics Wednesday, March 07, 2012 In January 2012 the turnover in industry decreased per total industry by 10.6% as compared to the previous month, due to drops in mining and quarrying (-11.4%) and manufacturing (10.5%). On main industrial groups, there was a decrease in turnover [...] Macroeconomics Tuesday, March 06, 2012 The Gross Domestic Product estimated for 2011 was lei 578.55 billion current prices, increased by 2.5% as compared to 2010. The increase was determinate, in a significant way, by the increase of the activity volume and, consequently, the increase of [...] Macroeconomics Tuesday, March 06, 2012 In January 2012, the average gross nominal earnings were lei 2.022, decreasing with lei 187 as against December 2011. The average net nominal earnings were lei 1.467, increasing as against the previous month with lei 137 (-8.5%). The highest values [...] SIF Transilvania (SIF3) Monday, March 05, 2012 The Managing Board of SIF Transilvania (SIF3) proposed to the shareholders a gross dividend of lei 0.1712 per share, which represents a distribution rate of 90.01% of the net profit obtained in 2011 in value of lei 207.72 million. The value of this [...] SIF Oltenia (SIF5) Monday, March 05, 2012 The Managing Board of SIF Oltenia (SIF5) convened the General Meeting of Shareholders for 26.04.2012 to approve the distribution of the net profit of 2011. The proposal of the Managing Board for the gross divided is lei 0.13 per share which [...] Macroeconomics Monday, March 05, 2012 In 2011, 44,456 dwellings were given in use, by 4,356 dwellings less than in 2010. Bu residence area, the analysis of constructions of new dwellings points out an increase of their weight in rural area both in 2010 (52.3%) and in 2011 (56.4%). The [...] Macroeconomics Friday, March 02, 2012 In 2011, the investments materialized in new construction works were lei 31.91 billion, representing 49.5% of total investments, compared to 51.2% in 2010. The investments in equipment and means of transportation summed up lei 26.3 billion, [...] Macroeconomics Friday, March 02, 2012 In January 2012, the industrial production prices for total (domestic and non-domestic market) increased by 0.7% compared to the previous month. By main industrial groups, price rises were recorded for energy industry (1.6%), intermediate goods [...] Macroeconomics Friday, March 02, 2012 In January 2012, the retail turnover volume, gross series, globally decreases by 27.8% as against the previous month, due to the decreases registered by the sale of food, beverages and tobacco (-32.8%), of non-food products (-28.4%) and of retail [...] Erste Bank (EBS) Thursday, March 01, 2012 Erste Group (EBS) announced that upon the completion of the fourth tranche of the transaction with SIF Muntenia (SIF4) and SIF Banat-Crisana (SIF1), a total of 3.8 million shares of Erste Group (EBS) were issued. As a result, the total number of [...] Macroeconomics Thursday, March 01, 2012 In January 2012, the seasonally adjusted unemployment rate according to the International Labor Office (ILO) was estimated at 7.2%, decreasing by 0.3 percentage point as compared to the previous month and 0.1 percentage points as against January [...] Erste Group (EBS) Wednesday, February 29, 2012 In the fourth quarter 2011, net profit after minorities amounted to euro 254.1 million. This solid quarterly result cut the net loss for the year after minorities to euro 718.9 million. A slight decline in operating income and a moderate rise in [...] Fondul Proprietatea (FP) Wednesday, February 29, 2012 The shareholders of Fondul Proprietatea (FP) are convened in April 4, 2012 to approve in principle, the secondary listing of Fondul Proprietatea (FP) on the Warsaw Stock Exchange and to approve the decrease of the subscribed registered share capital [...] Vrancart (VNC) Tuesday, February 28, 2012 The Managing Board of Vrancart (VNC) proposed for 2012 to achieve a gross profit of lei 6 million, three times higher as compared to the preliminary profit for 2011 of lei 2.35 million, according to the Revenues and Expenditure Budget for 2012 [...] Macroeconomics Tuesday, February 28, 2012 In January 2012, 1,732 construction permits for residential buildings were released, a 0.5% decreased compared to January 2011, of which 68.2% were for the rural area. The regional distribution shows a slight decrease in the number of construction [...] Boromir (SPCU) Monday, February 27, 2012 The profit obtained by Boromir (SPCU) in 2011 was lei 1.3 million, doubled as compared to end-2010 while company’s turnover recorded a 17% advance to lei 148.71 million. The milling products represented 60% total sales as finished products and the [...] Comcm (CMCM) Monday, February 27, 2012 Comcm (CMCM)’s turnover easy decreased by 2% in 2011 to lei 29.37 million as compared to 2010 while the net profit was lei 1.13 million as compared to the loss recorded in the previous year of lei 3.3 million. Company’s revenues rose almost 3% [...] Socep (SOCP) Friday, February 24, 2012 Socep (SOCP) recorded in 2011 a net turnover of lei 59.10 million, increased by 28.6% as compared to end-2010 of lei 45.9 million and a net profit of lei 7.15 million (+61% y-o-y). Company’s provisions decreased 10 times as compared to the [...] Retrasib (RTRA) Friday, February 24, 2012 According to the preliminary financial statements of Retrasib (RTRA), in 2011 company’s net profit recorded lei 1.18 million, three times smaller as compared to the profit recorded at end-2010 of lei 3.83 million. The financial loss was 66% higher [...] Alro (ALR) Friday, February 24, 2012 Alro (ALR) signed with Vimetco Extruction a selling contract of aluminum bars in value of lei 173.48 million as well as the extension of Alro (ALR)’s contract until end-2012 for processing waste aluminum bars, in value of lei 7.5 million. In [...] Macroeconomics Thursday, February 23, 2012 At end-January 2012, non-government loans granted by credit institutions declined by 0.2% (down 0.6% in real terms) from December 2011 to lei 222.5 billion. Lei-denominated loans decreased by 1.2% (down 1.6% in real terms), whereas foreign [...] Macroeconomics Thursday, February 23, 2012 Deposits of non-government resident customers went up 0.4% m-o-m to lei 188.1 billion in January 2012. Lei-denominated household deposits added 2.4% to lei 73.8 billion. At end-January 2012, household deposits in domestic currency jumped 13.7% [...] OMV Petrom (SNP) Wednesday, February 22, 2012 The net profit of OMV Petrom (SNP) for 2011 spectacularly increased by 71% from lei 2.2 billion in 2010 to lei 3.75 billion, the equivalent of euro 869 million, the dividend proposal for the General Meeting of the Shareholders being currently under [...] Banca Comerciala Carpatica (BCC) Wednesday, February 22, 2012 Banca Comerciala Carpatica (BCC) recorded a loss of lei 34.53 million, five times smaller as compared to 2010 (lei 154.47 million). The company’s total revenues were lei 603.36 million, decreased by 19% as compared to 2010 then it recorded lei 749 [...] Turbomecanica (TBM) Tuesday, February 21, 2012 According to the 2011 preliminary statements, Turbomecanica (TBM) recorded a loss of lei 19.41 million, by 84% higher as compared to the loss recorded in 2010 of lei 10.54 million. Company’s turnover decreased 12.5% y-o-y due to the decrease of [...] Rompetrol Well Services (PTR) Tuesday, February 21, 2012 Rompetrol Well Services (PTR) obtained in 2011 a profit of lei 15.51 million, increased by 6.61% y-o-y, according to the company’s preliminary results. The company’s net turnover rose 20.4% y-o-y, from lei 79.19 million in 2010 to lei 95.4 [...] Oltchim (OLT) Tuesday, February 21, 2012 The loss recorded by Oltchim (OLT) in 2011 was lei 270.04 million by 20% higher as compared to 2010, according to the company’s preliminary results. The company’s short-term debts raised 32% y-o-y up to lei 1.54 billion while the long-term debts [...] Dafora (DAFR) Monday, February 20, 2012 Dafora (DAFR) obtained in 2011 a preliminary net profit of lei 3.86 million, halfed as compared to 2010 when it recorded lei 8.14 million. The company’s net turnover decreased 18% y-o-y from lei 194.19 million to lei 158.6 million, due to [...] Rompetrol Rafinare (RRC) Monday, February 20, 2012 Rompetrol Rafinare reached in 2011 a gross consolidated turnover of dollars 4.81 billion by 35% higher y-o-y but it recorded a loss of dollars 252.5 million by 26% increased as compared to 2010. The increase of the turnover is mainly the result of [...] Alro (ALR) Friday, February 17, 2012 In 2011, Alro (ALR) reported a turnover of lei 2.24 billion, up from lei 1.81 million in 2010, according to company’s preliminary statements. Its net profit for 2011 increased to lei 230 million (44%), from lei 159.78 million in 2010, in [...] Impact (IMP) Friday, February 17, 2012 In 2011, Impact (IMP)’s preliminary turnover was reduced with almost 60% as compared to the previous year to lei 14.18 million while it recorded a loss of lei 21.85 million, increased by 24% as compared to the loss in 2010 of lei 17.54 million. [...] Biofarm (BIO) Friday, February 17, 2012 Biofram (BIO) obtained in 2011 a preliminary profit of lei 14.5 million, easy increased as compared to the profit of obtained in 2010 of lei 14.4 million. The company’s turnover rose 13.5% y-o-y to lei 93.44 million. The total revenues increased [...] Fondul Proprietatea (FP) Thursday, February 16, 2012 The management of Fondul Proprietatea (FP) received a request from Manchester Securities Corporation (a shareholder owning 12.03% of the fund), to convene the Ordinary General Meeting of the fund’s Shareholders in order to revise the management [...] Broker Cluj (BRK) Thursday, February 16, 2012 In 2011, Broker Cluj (BRK) recorded a loss of lei 15.39 million lei, as compared to lei 6.65 million profit obtained in 2011, according to the preliminary financial statements. The company’s net turnover decreased by 5.58% as compared to 2010, [...] Zentiva (SCD) Thursday, February 16, 2012 Zentiva (SCD) obtained in 2011 a profit of lei 31.56 million, halved as compared to the one obtained by the company in 2010 of lei 57.33 million. Company’s turnover decreased 9.2% to lei 235.64 million from 259.64 million. The total revenues lost [...] Fondul Proprietatea (FP) Wednesday, February 15, 2012 In 2011, Fondul Proprietatea (FP) obtained a preliminary net profit of lei 543.8 million by 19.2% higher as compared to 2010. The fund manager intends to recommend to shareholders an estimated gross dividend of lei 0.038 per share arising from 2011 [...] Transgaz (TGN) Wednesday, February 15, 2012 According to the preliminary statements for 2011, Transgaz (TGN) obtained a net profit of lei 392.02 million by 4.1% higher as compared to the previous year when it recorded lei 376.35 million while the turnover increased 2.69% to lei 1.34 billion. [...] Transelectrica (TEL) Wednesday, February 15, 2012 The net preliminary profit of Transelectrica (TEL) was lei 90.27 million, ten times higher as compared to 2010 (of lei 9.55 million), even if in the last quarter the company recorded a loss of lei 63,19 million. The company’s turnover rose 14% [...] Banca Romana pentru Dezvoltare (BRD) Tuesday, February 14, 2012 Banca Romana pentru Dezvoltare (BRD) obtained at end-2011 a preliminary profit of lei 465 million (euro 109.7 million), decreased by 7% as compared to 2010. The total volume of loans granted to clients rose by 1.1% against 2010, up to lei 33.5 [...] Antibiotice (ATB) Tuesday, February 14, 2012 According to the preliminary financial statements in 2011, Antibiotice (ATB) recorded a net profit increased by 60% as compared to the previous year, from lei 12.53 million to lei 20.07 million. Also, the company’s turnover rose 15% y-o-y to lei [...] Macroeconomics Tuesday, February 14, 2012 The Romanian medium and long term debt at end-2011 stood at euro 75.61 billion (76.7% of total external debt), 3.7 percent above the level recorded at end-2010. Short term external debt at end-2011 totaled euro 22.99 billion (23.3% of total external [...] Transgaz (TGN) Monday, February 13, 2012 The General Meeting of the Shareholders of Transgaz (TGN) approved the company’s participation in the consolidated budget of Nabucco Gas Pipeline International (NIC) for the first semester of 2012 with an amount of euro 10.21 million corresponding [...] Macroeconomics Monday, February 13, 2012 Inflation rate in January 2012 compared to December 2011 was 0.36%, while as compared to January 2011 was 2.72%. In January 2012, the price of goods increased by 0.3% and the non-food goods and the tariffs for services were up 0.4% m-o-m. In the [...] Macroeconomics Monday, February 13, 2012 In 2011, the balance of payments current account posted a deficit of euro 5.68 billion, 3% higher than in the previous year, due mainly to the 22% increase in income deficit. Non-residents’ direct investment in Romania worth euro 1.91 billion [...] Bursa de Valori Bucuresti (BVB) Friday, February 10, 2012 According to the preliminary results for 2011, the net profit of Bursa de Valori Bucuresti (BVB) almost tripled as compared to 2010, from 5.71 million to lei 16.96 million. BVB’s turnover rose by 66.4%, from lei 13.06 million (at end-2010) to lei [...] Fondul Propritetatea (FP) Friday, February 10, 2012 The managing Board of Fondul Proprietatea received a request from Georgia Palade van Dusen, Philipe Palade, Grantelast Limited and POAH One Acquisition Holdings IV Limited, as shareholders of the Fund owning together more than 5%, for calling a [...] Dafora (DAFR) Thursday, February 09, 2012 Dafora (DAFR) along with the consortium which is part of signed with CFR an execution contract for some works and installations for Tronsunul 1 railway. The total value of the contract is almost euro 248 million while the execution deadline is 27 [...] Farmacia Remedia (RMAH) Thursday, February 09, 2012 According to the preliminary statements for 2011, Farmacia Remedia (RMAH) recorded a profit of lei 4.06 million, doubled as compared to the profit recorded in 2010 (of lei 1.95 million) and a turnover of lei 203.47%, increased 11.4% y-o-y. The sales [...] Macroeconomics Thursday, February 09, 2012 In the year 2011, the FOB-CIF commercial deficit was of lei 41.12 billion (euro 9.72 billion), lei 1 billion (euro 188.3 million) more than in the year 2010. In the year 2011, FOB exports amounted to lei 190.81 billion (euro 45.01 billion) and CIF [...] Casa de Bucovina (BCM) Wednesday, February 08, 2012 In 2011, according to the preliminary financial statements, Casa de Bucovina (BCM) recorded a net profit of lei 762,087, decreased by 11.3% y-o-y while the net turnover rose almost 12% from lei 4.8 million (at end-2010) to lei 5.37 million. As [...] Macroeconomics Wednesday, February 08, 2012 In December 2011, the turnover in industry decreased per total industry by 10.2% as compared to the previous month due to drops in manufacturing (-10.5%) and in mining and quarrying (-3.2%). As compared to December 2010, in December 2011, the [...] Macroeconomics Wednesday, February 08, 2012 In December 2011, the industrial new orders fell by 8.9% compared to the previous month, due to the decreases recorded for consumer durables (-11.3%), consumer non-durables (-10.7%), capital goods (-10.5%) and intermediate goods (-6.1%). As compared [...] SIF Banat-Crisana (SIF1) Tuesday, February 07, 2012 The management of SIF Banat-Crisana (SIF1) announced its shareholders that the company will achieve a number of 2.31 million Erste (EBS) shares, in exchange for its contribution of 296.18 million BCR shares. This exchange follows the option right to [...] Fondul Proprietatea (FP) Tuesday, February 07, 2012 At the end of January 2012, the Romanian private individuals were holding 32.91% of the Fondul Proprietatea’s decreased 3pp in the last three months. Foreign institutional shareholders increased their stake in Fondul Proprietatea from 35.99% (at [...] Macroeconomics Tuesday, February 07, 2012 In December 2011, the average gross nominal earnings were 2,209 lei, increasing with 155 lei as against November 2011, according to the National Institute of Statistics. The average net nominal earnings were 1,604 lei, increasing as against the [...] SIF Muntenia (SIF4) Monday, February 06, 2012 The Management Board of SIF Muntenia (SIF4) announced that it had exercised its option right to increase their contributions into Erste social capital, so it will acquire a number of 1.48 million Erste shares (EBS) against a number of 190.23 million [...] Fondul Proprietatea (FP) Monday, February 06, 2012 The paid share capital of Fondul Proprietatea (FP) increased to lei 13,41 billion (from lei 13.4 billion), while the subscribe share capital of the fund remained unchanged at lei 13.77 billion. The increase in the paid share capital is a result of [...] Transelectrica (TEL) Thursday, February 02, 2012 The Romanian National Securities Commission approved the preliminary prospectus for the Secondary Public Sell Offer of the shares issued by Transelectrica (TEL) and held by the Ministry of Economy. The object of the offer is represented by 10.99 [...] Macroeconomics Thursday, February 02, 2012 The Managing Board of the National Bank of Romania decided to lower the monetary policy rate to 5.5% per year from 5.75% starting with February 3, 2012 and to maintain the existing level of minimum reserve requirement ratios on both lei-denominated [...] Macroeconomics Thursday, February 02, 2012 In December 2011, the industrial production prices for total (domestic and non-domestic market) increased by 0.4% compared to November 2011. By main industrial groups, price rises were recorded for energy industry (+0.8%), capital goods industry [...] Banca Transilvania (TLV) Wednesday, February 01, 2012 The net profit of Banca Transilvania (TLV) for 2011 increased 35% as compared to 2010, to lei 131.87 million. The bank’s management said that among the factors that influenced those results were: the revenues of interest obtained by BT, continuing [...] SIF Moldova (SIF2) Wednesday, February 01, 2012 The Managing Board of SIF Moldova (SIF2) proposed to distribute lei 114.19 million for dividends, of the preliminary 2011 net profit in value of lei 191.49 million. SIF Moldova (SIF2)’s management proposed the distribution to the shareholders of a [...] Macroeconomics Tuesday, January 31, 2012 In December 2011, the seasonally adjusted unemployment rate according to the International Labor Office (ILO) criteria was estimated at 7%, decreasing by 0.3 pp as compared with the previous month, as well as against December 2010 level. The number [...] Oltchim (OLT) Tuesday, January 31, 2012 The General Meeting of Shareholders of Oltchim (OLT) rejected the proposal regarding the reduction of 20% of the offer price set at lei 1.71 million for the sale of 900 social parts owned by Oltchim (OLT) in Protetchim, representing 30% of [...] Fondul Proprietatea (FP): Monday, January 30, 2012 The management of Fondul Proprietatea (FP) announced that the Extraordinary General Meeting of the Shareholders of Hidroelectrica ( a company that represents 23.09% of the Fund’s net asset value) approved the listing of Hidroelectrica on the [...] Macroeconomics Monday, January 30, 2012 According to the opinions expressed by the companies’ managers in January 2012, for January – March 2012 period, compared to those three previous months, it is expected a relative stability in manufacturing and services and a moderate decrease [...] Titan (MPN) Friday, January 27, 2012 The General Meeting of the Shareholders of Titan (MPN) approved the distribution of lei 6.12 million from the 2011 profit (in value of lei 8.24 million) for dividends. The value of the gross dividend is lei 0.0120. The registration date is [...] Dafora (DAFR) Friday, January 27, 2012 Dafora (DAFR) signed a contract with Apa Tarnavei Mari in value of lei 6.95 million, having as object the construction of the headquarters and technology hall, the rehabilitation of the operational building and outer urban in Medias municipality. [...] Macroeconomics Friday, January 27, 2012 In December 2011, 2,730 construction permits for residential buildings were issued, a 1% decrease compared to November 2011 and a 6.9% compared to December 2010, from which 68.6% are for the rural area. In 2011, 39.424 construction permits for [...] Societatea de Constructii in Transporturi Bucuresti (SCTB) Thursday, January 26, 2012 The preference rights of Societatea de Constructii in Transporturi Bucuresti (SCTB) issued after the capital increase will be traded until February 1, 2012. In November 2011, the shareholders of Societatea de Constructii in Transporturi Bucuresti [...] Umuc (UMUC) Thursday, January 26, 2012 Santierul Naval Damen Galati called the insolvency procedure for Umuc (UMUC) because of the overdue bills worth lei 57,491 representing the value of work on a ship. At this amount is added a penalty interest amounting lei 17.117. The Management of [...] Transelectrica (TEL) Wednesday, January 25, 2012 Transelectrica (TEL) announced that Mr. Adrian Victor Vevera resigned from the position of Chairman of the Managing Board of the company. The resignation was forwarded to Mr. Ion Ariton, the Minister of Economy. Adrian Victor Vevera was elected as a [...] Macroeconomics Wednesday, January 25, 2012 At end-December 2011, non-government loans granted by credit institutions dropped 0.4% (down 0.6% in real terms) from November 2011 to lei 223.03 billion. Lei-denominated loans edged up 0.2% (down 0.1% in real terms), whereas foreign [...] Macroeconomics Wednesday, January 25, 2012 Deposits of non-government resident customers went up 3.3% m-o-m to leo 187.29 billion in December 2011. Lei-denominated households deposits added 3% to lei 72.1 billion. At end-December, household deposits in domestic currency jumped 12.1% (8.75 in [...] Fondul Proprietatea (FP): Tuesday, January 24, 2012 As a result of changing in the voting rights calculation reported by Fondul Proprietatea on January 13, 2012, Manchester Securities Corp. and Beresford Energy Corporation holds in concert 12.92% in the total voting rights in Fondul Proprietatea and [...] Farmaceutica Remedia (RMAH): Tuesday, January 24, 2012 The management of Farmaceutica Remedia (RMAH) budgeted for 2012 a turnover in value of euro 60 million, increased by 20% as compared to the previous year and it proposed a net profit of lei 5 million. In the first nine months of 2011, the company [...] Macroeconomics Monday, January 23, 2012 The value of the households deposits in the Romanian banking system was lei 114.6 billion, up by 2.3% as compared to end-September 2011 and up by 8.2% y-o-y, according to the Romanian Bank Deposit Guarantee Fund. The highest contribution to this [...] Dafora (DAFR) Monday, January 23, 2012 Dafora (DAFR) announced the completion of drilling works to well 821 Sud Turnu from Arad County, well included in the PetroSantander’s exploration program through its subsidiary PetroSantander Romania. The well is the first signed contract [...] Banca Transilvania (TLV) Friday, January 20, 2012 The Managing Board of Banca Transilvania (TLV) announced that Mr. Robert Rekkers resigned from his position as a General Manager and as a member of the Board of Directors of Banca Transilvania (TLV) and as well from all the positions held in other [...] Transelectrica (TEL) Friday, January 20, 2012 The General Meeting of the Shareholders of Transelectrica (TEL) approved the revenues and expenditure budget for 2012. According to the estimations the management of the company is expecting a profit of lei 51 thousands, doubled as compared to the [...] Alro (ALR) Thursday, January 19, 2012 Alro (ALR) is contemplating various options to avoid reduction of production due to temporary shortage of electricity supply from Hidroelectrica, which currently supplies approximately 50% of Alro’s consumption. As a result Alro has been forced to [...] Oltchim (OLT) Thursday, January 19, 2012 Oltchim (OLT) announced that it has canceled the contract of electricity with Electrica and it has signed a new contract with Electrica Furnizare for both industrial platforms in Ramnicu Valcea and in Petrochemical Division. The management of the [...] OMV Petrom (SNP) Wednesday, January 18, 2012 Petrom (SNP) announces that although the construction of Brazi power plant was successfully completed by the end of 2011, final tests were interrupted due to external technical factors. Presently, a cleaning operation is performed on some of the [...] SIF Muntenia (SIF4) Wednesday, January 18, 2012 Following the increase of the maximum level of ownership in the Financial Investment Companies from 1% to 5%, the Managing Board of SIF Muntenia (SIF4) convened the Extraordinary Meeting of the Shareholders on 18.02.2012 to vote the amendment of the [...] SIF Moldova (SIF2) Tuesday, January 17, 2012 At end-December 2011, SIF Moldova (SIF2) recorded a profit of lei 191.49 million by 1% increased compared to the previous month and two times higher as compared to the one obtained in 2010 of lei 97.14 million. The profit increased because SIF [...] Concefa (COFI) Tuesday, January 17, 2012 Convin Comimpex, as a creditor, called the insolvency of Concefa (COFI). The debt value is lei 115.93 million and represents the value of the works executed by Convin Comimpex at Silver Mountain in Poiana Brasov, on which existed and still exists [...] Fondul Proprietatea (FP) Monday, January 16, 2012 At end-December 2011, the net asset value of Fondul Proprietatea (FP) rose by 0.4%, from lei 14.4 billion to lei 14.46 billion as compared to November 2011. At end-2011, the net asset value decreased 5.62% y-o-y. The net asset value per unit was lei [...] Macroeconomics Monday, January 16, 2012 In November 2011, the turnover of the trade with motor vehicles and motorcycles increased compared to the previous month as gross series by 2.9%, due to the activity of maintenance and repair of motor vehicles (+6.4%) and the trade with motor [...] Macroeconomics Friday, January 13, 2012 In January-November 2011, the balance-of-payments current account posted a deficit of euro 4.23 billion, 6.6% lower than in the same year-ago period, due mainly to the decrease in trade deficit by 11.7%. Non-residents’ direct investment in Romania [...] Macroeconomics Friday, January 13, 2012 At end-November 2011 Romania’s external debt recorded euro 96.88 billion, up by 4.7% as compared to end-2010 of euro 92.46 billion. Medium and long-term external debt stood at euro 75.34 billion, 3.3% above the level recorded at end-2010 and [...] Macroeconomics Friday, January 13, 2012 According to the National Employment Labor Agency, in late-December, at the national level, the unemployment rate recorded a value of 5.12%, increased by 0.06pp compared to November 2011 and decreased by 1.75pp y-o-y. The total number of unemployed [...] Macroeconomics Thursday, January 12, 2012 In November 2011, the industrial new orders overall (domestic and non-domestic market) increase in nominal terms by 5.7% due to the increases recorded for intermediate goods (+13.8%), consumer non-durables (+7.9%) and consumer durables (+2.3%). [...] Macroeconomics Thursday, January 12, 2012 According to the National Institute of Statistics, in November 2011, the average gross nominal earnings were lei 2,054, increasing with lei 46 as against October. The average net nominal earnings were lei 1,491, increasing as against the previous [...] Macroeconomics Wednesday, January 11, 2012 In December 2011, the consumer price index (CPI) was 100.23% compared to November 2011 and 103.14% compared to December 2010. In the last 12 months (January 2011-December 2011), the overall average price increase, both the one determinate on the [...] Macroeconomics Wednesday, January 11, 2012 According to the National Institute of Statistics, in November 2011, the industrial production as a gross series, rose m-o-m by 2.2% due to the increase of electricity, gas, steam and air conditioning supply (+10.2%) and manufacturing (+1.3%). As [...] Macroeconomics Wednesday, January 11, 2012 In November 2011, compared to October 2011, the volume of construction works (gross series) increased by 7.6%, increase pointed out by capital repair works (+18.8%), maintenance and current repairs (+12.5%) and by new construction works (+3.8%). By [...] OMV Petrom (SNP), Rompetrol Rafinare (RRC) Tuesday, January 10, 2012 The Romanian Competition Council fined Rompetrol Downstream – held in proportion of 99.99% by Rompetrol Rafinare (RRC), OMV Petrom (SNP) and OMV Petrom Marketing SRL – held in proportion of 100% by OMV Petrom, due to the result of the antitrust [...] Macroeconomics Tuesday, January 10, 2012 In November 2011, the turnover in industry per total increased per total industry by 1.1%, due to increases in mining and quarrying (+1,6%) and manufacturing (+1%). On main industrial groups, there were increases in turnover in durable goods [...] Macroeconomics Monday, January 09, 2012 In November 2011, the FOB-CIF commercial deficit was of lei 3.91 billion (euro 899.7 million), lei 151.3 million less than in November 2010. According to preliminary estimations of the National Institute of Statistics, FOB exports amounted lei 17.9 [...] Macroeconomics Monday, January 09, 2012 In November 2011, the seasonally adjusted unemployment rate according to the International Labor Office (ILO) criteria was estimated at 7.3%, identical value as compared to the previous month, and by 0.1pp below the November 2010 level. The number [...] Titan (MPN) Tuesday, December 20, 2011 The Managing Board of Titan (MPN) convened the General Meeting of the Shareholders for January 26, 2011 to approve the financial statements of 2011 (which started at October 1, 2010 and ended at September 30, 2011) as well as the Annual Report. [...] Transelectrica (TEL) Tuesday, December 20, 2011 The Managing Board of Transelectrica (TEL) convened for January 19, 2012 the Extraordinary Meeting of the Shareholders in which is proposed the increase of the social capital of the company as well as the amendment of the Article of Incorporation. [...] Rompetrol Rafinare (RRC) Monday, December 19, 2011 Rominserv, a subsidiary company and the general contractor of the Rompetrol Group, has successfully completed construction and assembly operations on two new units on the Petromidia platform (mild hydrocracker unit and hydrogen plant) and has began [...] Erste Bank (EBS) Monday, December 19, 2011 Erste Bank (EBS) issued, as part of the third tranche 2011 of the overall transaction with SIF Moldova (SIF2), a total of 4.02 million Erste Bank (EBS) shares. As a result, the total number of Erste Group shares rose from 386.74 million shares to [...] Transelectrica (TEL) Friday, December 16, 2011 The Managing Board of Transelectrica (TEL) convened the General Meeting of the Shareholders for January 19, 2012. On the agenda, the shareholders are going to vote the rectified revenues and expenditure budget for 2011. According to the new [...] Fondul Proprietatea (FP) Friday, December 16, 2011 In November 2011, the net asset value per unit of Fondul Proprietatea (FP) decreased from lei 1.1147 per share (at end-October 2011) to lei 1.0742 per share. The company obtained at end-November a profit in value of lei 536 million, increased with [...] Societatile de Investii Financiare (SIF-uri) Thursday, December 15, 2011 Today, the Romanian Deputies Chamber vote the increase of the maximum holding limit in the Financial Investment Companies from 1% to 5%. The Managing Board of SIF Moldova (SIF2) believes that this increase is beneficial both for the Romanian capital [...] SIF Muntenia (SIF4) Thursday, December 15, 2011 In November 2011, the net asset value of SIF Muntenia (SIF4) rose by 6.55% as compared to the previous month when it recorded a value of lei 1.19 million to lei 1.27 million. At end-November the profit of SIF Muntenia (SIF4) considerably increased [...] SIF Oltenia (SIF5) Thursday, December 15, 2011 In November 2011, the net asset value of SIF Oltenia (SIF5) decreased 0.9% to lei 2.4893 per share, as compared to the previous month when it recorded a value of lei 2.5128 per share. The profit obtained by SIF Oltenia (SIF5) at the end-November was [...] Concefa (COFI) Wednesday, December 14, 2011 The main shareholder of Concefa (COFI), Mr. Horatiu Cercel went out of the company, the last traded being made last Thursday. He sold in the last two weeks, through some special trades, 362,16 million shares (57.48% of the company’s social [...] VES Sighisoara (VESY) Wednesday, December 14, 2011 The Managing Board of VES Sighisoara (VESY) convened the General Meeting of the Shareholders of the company to revoke the Members of the Managing Board following the change in the management system and to approve the Rules of Organization and [...] Macroeconomics Tuesday, December 13, 2011 In the first 10 months of 2011, the balance-of-payment current account posted a deficit of euro 4.09 billion, 9.5% lower y-o-y, due mainly to the decrease in trade deficit by 12.7%. Non-residents direct investment in Romania worth euro 1.3 billion [...] Macroeconomics Tuesday, December 13, 2011 At end-October, the medium and long-term external debt stood at euro 74.82 billion, by 2.65 higher compared to end-2010 while the short term debt totaled euro 22.12 billion, up 13.2% form end-2010. Medium and long-term external debt service ratio [...] Aerostar (ARS) Tuesday, December 13, 2011 The General Meeting of the Shareholders of Aerostar (ARS) approved the Revenues and Expenditure Budget for 2012. The Management of the company estimated for 2012 a turnover in value of lei 165 million and a gross profit of lei 14.02 million [...] Macroeconomics Monday, December 12, 2011 In November 2011, the consumer price index was 100.42% as compared to October 2011 and 103.445 as compared to November 2010. As against October 2011, the prices of food goods and non-food goods rose by 0.5% and by 0.2%, respectively, while the [...] Erste Group AG (EBS) Monday, December 12, 2011 Erste Group announced that the total number of the shares issued by the company increased from 382.71 million shares to 386.74 million shares as a result of the second tranche 2011 of the overall transaction with SIF Transilvania, which tended a [...] Macroeconomics Monday, December 12, 2011 According to preliminary estimations of the National Institute of Statistics, in October 2011, FOB exports amounted lei 17.64 billion (euro 4.09 billion) and the CIF imports amounted lei 20.87 billion (euro 4.83 billion). The FOB-CIF commercial [...] Rompetrol Well Services (PTR) Friday, December 09, 2011 This autumn Romepetrol Well Services (PTR) has extended its activities of special wells’ services in Hungary and Bulgaria as well, after concluding some contracts totally amounting over dollar 800 thousands. For the first year the company has set [...] Erste Group Bank AG (EBS) Friday, December 09, 2011 According to the European Banking Authority (EBA), after the final results of its stress test were published, Erste Group Bank AG requires additional capital amounting euro 743 million, thus confirming our estimated figure published with the Quarter [...] Macroeconomics Friday, December 09, 2011 In October 2011, the turnover of trade with motor vehicles and motorcycles as a gross series increased compared to the previous month and as well compared to October 2010 by 6.4% and by 10.3%, respectively. The turnover for the market services [...] Macroeconomics Thursday, December 08, 2011 According to the National Institute of Statistics, in October 2011 compared to September 2011, the volume of construction works decreased by 1.4% as a gross series, decrease pointed out by the capital repair works (-22.8%) and by the maintenance and [...] Macroeconomics Thursday, December 08, 2011 In October 2011, the industrial production (gross series) decreased by 1.2% as compared to the previous trading session due to the decrease of the manufacturing (-2.2%). The other two industrial sectors mining and quarrying and electricity, gas, [...] Macroeconomics Wednesday, December 07, 2011 According to the National Institute of Statistics, the industrial new orders overall decreased 17.8% compared to the previous months due to the decreases recorded for all industrial groupings: intermediate goods (-24.2%), capital goods (-15.3%), [...] Macroeconomics Wednesday, December 07, 2011 Compared to the previous month, in October 2011, the turnover in industry decreased per total industry, due to the decreases in manufacturing (-5.9%), the mining and quarrying having an increase of 4.8%. As against the same period of 2010, the [...] iFOND Financial Romania (IFR) Tuesday, December 06, 2011 Compared to October 2011, the net asset value per unit of iFond Financial (IFR) rose in November 2011 from lei 156 to lei 156.11. The iFond Financial (IFR) unit fund are traded with a discount of 16.69%. At end-November, Fondul Proprietatea (FP) [...] SIF Moldova (SIF2), SIF Muntenia (SIF4) Tuesday, December 06, 2011 SIF Moldova (SIF2) ended with Erste Group (EBS) the BCR sell and purchase shares contract, in which SIF Moldova (SIF2) sold 136.27 million BCR shares that represents 1.25% of the BCR’s capital social in exchange of lei 123.61 million. Also, SIF [...] New Europe Property Investments (NEPI) Tuesday, December 06, 2011 The rights offer to the NEPI shareholders ended, so for the 14.28 million NEPI shares (“new NEPI shares” or “rights offer shares”) which were offered, shareholders and/or their renounces applied for a total of 21.11 million new NEPI shares [...] Macroeconomics Monday, December 05, 2011 In October 2011, according to the National Institute of Statistics, the retail turnover volume (excluding the trade with motor vehicles and motor cycles), gross series, globally increased by 2.7%, due to the increments registered mainly by the trade [...] Macroeconomics Monday, December 05, 2011 On November 30 2011, national Bank of Romania’s foreign exchange reserves stood at euro 31.74 billion compared to euro 32.19 billion on October 31, 2011. During the month, the following flows have taken place: euro 1.1 billion inflows, [...] Macroeconomics Friday, December 02, 2011 According to the National Institute of Statistics, compared to Quarter III 2010, in Quarter III 2011 the net investment in the national economy decreased by 15.3%, increase registered by all the structure elements: equipments by 35.6%, other [...] Macroeconomics Friday, December 02, 2011 In October 2011, the industrial production prices for total (domestic and non-domestic market) increased by 0.4% compared to the previous month, according to the National Institute of Statistics. By main industrial groups, price rises were recorded [...] Macroeconomics Wednesday, November 30, 2011 According to the National Institute of Statistics, in October 2011, the seasonally adjusted ILO unemployment rate was estimated at 7.3% by 0.44 pp decreases as compared with the previous months and 0.1 pp rose over the October 2010 level. The number [...] Erste Group Bank (EBS) Wednesday, November 30, 2011 Erste Group Bank (EBS) announced it has entered into a binding transaction agreement with SIF Moldova (SIF2) to acquire its 6% stake in BCR. Thereby, SIF Moldova will receive in exchange Erste Group shares (EBS) for up to 515.10 million BCR shares [...] Macroeconomics Tuesday, November 29, 2011 According to the National Institute of Statistics, in October 2011 there were issued 2,924 construction permits for residential buildings, decreased by 24% compared to September 2011 of which 63.6% were for the rural area. Compared to October 2010, [...] Macroeconomics Tuesday, November 29, 2011 According to the opinions expressed by the managers of the companies in November 2011, for November-January period, compared to those three previous months, moderate growth in retail trade, relative stability in manufacturing, moderate decrease in [...] SIF Moldova (SIF2) Tuesday, November 29, 2011 The General Meeting of the Shareholders of SIF Moldova (SIF2) approved the general conditions regarding the valorization of the BCR shares held by SIF Moldova, covered in the four contracts to be negotiate with Erste and mandating the Board to [...] Macroeconomics Monday, November 28, 2011 According to the Ministry of Public Finance, the consolidated general budget the first ten months of 2011 ended with a deficit of 13.3 billion, 2.4% of GDP respectively, compared to the provided annual deficit of lei 24 billion, 4.4% of GDP [...] Erste Group Bank (EBS) Monday, November 28, 2011 Erste Group Bank (EBS) has completed the first agreements with SIF Muntenia and SIF Banat-Crisana by acquiring 6.23% in BCR that tendered a total of 543.79 million BCR shares. A total of 4.24 new Erste Group shares were issued for these shares. One [...] Azomures (AZO) Monday, November 28, 2011 On November 25, 2011 Eurofert Investment and Azomures Holdings, companies that hold together 75.87% stake of Azomures (AZO) signed with a company held by the Swiss concern of Ameropa Holding a series of agreements to acquire an indirectly majority [...] Bursa de Valori Bucuresti (BVB) Friday, November 25, 2011 The Managing Board of the Bucharest Stock Exchange convened the Extraordinary Meeting of the Shareholders on January 09, 2012 to approve the revocation of all the members of the Managing Board and to elect by cumulative vote the Chairman and the [...] Prefab (PREH) Friday, November 25, 2011 The Extraordinary Meeting of Prefab approved the contraction of a credit line up to euro 20 million for the production program of 2011 and for the investment program of 2011 and 2012, respectively in value of lei 45.96 million. In the first [...] Oltchim (OLT) Friday, November 25, 2011 Due to the lack of raw materials and working capital, the Managing Board of Oltchim (OLT) decided to send in technical unemployment until end-December almost 1,000 employees that operate in Ramnicu Valcea as well as the ones that operate in the [...] Retrasib (RTRA) Thursday, November 24, 2011 Retrasib (RTRA) announced that it was recorded the company’s capital increase that doubled from lei 5 million to lei 10 million. The capital increase was made by issuing proportional free shares to all the shareholders registered in the [...] Macroeconomics Thursday, November 24, 2011 According to the National Bank of Romania, at end-October 2011, non-government loans granted by credit institutions dropped 0.2% from September 2011 to lei 221.03 billion. Lei denominated loans edged up 0.1%, whereas foreign currency-denominated [...] Macroeconomics Thursday, November 24, 2011 Deposits of non-government resident customers decreased by 0.8 percent m-o-m to lei 179.64 billion in October 2011, according to the National Bank of Romania. Lei-denominated household deposits added 0.9% to lei 69.33 billion. At end-October 2011 [...] Fondul Proprietatea (FP) Wednesday, November 23, 2011 The Extraordinary Meeting of the shareholders of Fondul Proprietatea (FP) approved the amendment of the Constitutive Act by changing the cap for which the approval of the Extraordinary General Shareholders' Meeting is required from 5% of the total [...] OMV Petrom (SNP) Wednesday, November 23, 2011 Petrom (SNP) contracted a multi-currency revolving credit facility amounting euro 930 million with a tenor of three years and a possibility of prolongation for two more consecutive years. The credit facility was substantially oversubscribed, being [...] Amonil (AMO) Tuesday, November 22, 2011 In the first nine months of 2011 the turnover of Amonil (AMO) decreased more than 10 times down to lei 8.43 million, compared to the first nine months of 2010 when it recorded lei 102.96 million. The loss recorded by the company at end-September [...] Ropharma (RPH) Tuesday, November 22, 2011 The Extraordinary Meeting of the Shareholders of Ropharma (RPH) approved the merger between the company and other 7 companies as well as the operating actions preliminary the merger. Also the shareholders agreed to contract a medium-term investment [...] Teraplast (TRP) Monday, November 21, 2011 The Extraordinary Meeting of the Shareholders of Teraplast approved lei 85 million as a credit maximum limit that the company could contract in the next period, including guarantee loans that will be accessed base on it with real estate collateral, [...] Zentiva (SCD) Monday, November 21, 2011 In the first nine months of 2011, Zentiva (SCD) recorded a gross profit of lei 51.78 million, by 23.76% smaller compared to the one recorded in the same period of 2010 in value of lei 67.92 million. In the same period the company’s total revenues [...] Bursa de Valori Bucuresti (BVB) Friday, November 18, 2011 The Managing Board of the Bucharest Stock Exchange decided the cessation of the mandate of the General Manager, Mr. Valentin Ionescu. The Managing Board considered that Mr.Valentin Ionescu has not fulfilled and there are no reasons to believe that [...] Impact (IMP) Friday, November 18, 2011 In the first nine months of 2011, Impact (IMP) recorded a loss of lei 14.37 million, almost double compared to the one recorded in the first nine months of 2011 of lei 6.7 million. This lost come from the operating loss (lei 8.9 million) due to the [...] Boromir (SPCU) Friday, November 18, 2011 In the first nine months of 2011 Boromir (SPCU) obtained a gross profit in value of lei 782.020, decreased 12% y-o-y. The company’s turnover rose 24% y-o-y from lei 89 million to lei 110.82 million. The long term debts decreased 44.17% compared to [...] SSIF Broker (BRK) Thursday, November 17, 2011 In the first nine months of 2011, SSIF Broker (BRK) recorded a net profit in value of lei 247,450 considerable smaller compared to the one recorded at end-September 2010 of lei 6.32 million. According to the Management of the Company, in the same [...] Azomures (AZO) Thursday, November 17, 2011 Azomures (AZO) obtained in the first nine months of 2011 a net profit of lei 288.21 million, three times higher compared to the one obtained in the same period of the last year of lei 89.43 million. This increase was due to the existing conditions [...] Farmaceutica Remedia (RMAH) Thursday, November 17, 2011 In the first nine months of 2011, the profit obtained by Farmaceutica Remedia (RMAH) increased 40.7%, from lei 3.6 million at end-September 2010 to lei 5.07 million. In the same period, the company’s turnover rose 11.48% to lei 144.61 million [...] Antibiotice (ATB) Wednesday, November 16, 2011 In the first nine months of 2011, Antibiotice (ATB) recorded a gross profit in value of lei 29.24 million, increased by 13% y-o-y. Also the company’s turnover rose by 13.5%, from lei 177.3 million in September 30, 2010 to lei 201.2 million at [...] Macroeconomics Wednesday, November 16, 2011 According to the National Bank of Romania, in the first nine months of 2011 the balance-of-payments current account posted a deficit of euro 3.75 billion, 10.8% lower than in the same period, due mainly to the decrease in trade deficit by 13.2% and [...]
Wednesday, November 16, 2011 At end-September 2011, according to the National Bank of Romania, the medium and long-term external debt stood at euro 75.29 billion (76.9% of total external debt), 3.3 percent above the level recorded at end-2010. Short-term external debt at [...] Macroeconomics Tuesday, November 15, 2011 According to the first estimates of the National Institute of Statistics, the Domestic Gross Product in the third quarter of 2011 was, in real terms, by 1.9% higher as compared o the second quarter of 2011. As against the same quarter of 2010, the [...] Fondul Proprietatea (FP) Tuesday, November 15, 2011 In the third quarter of 2011, Fondul Proprietatea (FP) recorded a loss of lei 7.9 million compared to the profit recorded in the second quarter of lei 529.1 million, while in the first quarter recorded a profit of lei 14 million. So in the first [...] Alro (ALR) Tuesday, November 15, 2011 Alro (ALR) Alro reported a net profit of lei 222.4 million in the first nine months of 2011, which is lei 91 million increase (+69%) compared to the same period of 2010, and turnover of lei 1.7 billion 2011, a lei 366 million increase (+30.76%) as [...] SIF Transilvania (SIF3) Monday, November 14, 2011 At end-October 2011, the net asset value of SIF Transilvania (SIF3) was in value of lei 1.25 billion lei, decreased by 6.33% compared to the value recorded at end-September of lei 1.34 billion. The net asset value per unit was lei 1.1521, the [...] Oltchim (OLT) Monday, November 14, 2011 Due to the lack of raw materials and working capital, the Managing Board of Oltchim (OLT) decided to send in technical unemployment until end-November almost 1,000 employees that operate in Ramnicu Valcea as well as the ones that operate in the [...] Concefa (COFI) Monday, November 14, 2011 In the first nine months of 2011, Concefa (COFI) recorded a turnover in value of lei 51.42 million, decreased by 14% y-o-y. As well the company recorded a loss of lei 11.53 million mainly due to the additional costs in the final stage of the project [...] Rompetrol Rafinare (RRC) Friday, November 11, 2011 Rompetrol Rafinare (RRC), registered within the first 9 months of 2011 a consolidated turnover of over 3.79 billion dollars, showing a growth of 40% year-on-year. In the same period, the company achieved a significant improvement both of the [...] Macroeconomics Friday, November 11, 2011 In October, the consumer prices index rose by 0.64% so that the annual inflation rate increased to 3.55%. The food prices gained 0.8%, being influenced by increased prices of potatoes with 7.2%, eggs with 5.9% and fruits with 5.2%. The non-food [...] Bucharest Stock-Exchange (BVB) Thursday, November 10, 2011 The turnover of BSE increased by 53.6% in first 9 months of 2011 to lei 16.90 million and was due mainly by bigger revenues from trading activity. BSE recorded a 222.2% increase in operating profit to lei 6.77 million from lei 2.10 million during [...] Transelectrica (TEL) Thursday, November 10, 2011 Transelectrica posted in the first nine months a net profit of lei 153.4 million, by lei 25 million less than that reported in the first six months of the year. The net income is almost 30 times higher than that obtained in the same period last [...] Banca Comerciala Carpatica (BCC) Thursday, November 10, 2011 Banca Comerciala Carpatica reported for the first nine months of 2011 a declining loss by 4.6 times over the same period last year, from lei 115 million to lei 24.97 million. Only in the third quarter, the bank reduced its losses by 30% from third [...] Macroeconomics Wednesday, November 09, 2011 According to the National Institute of Statistics, in September 2011, the industrial new orders rose by 25.4% compared to the previous month, due to the increases recorded for the following industrial groupings: capital goods (+32.7%), consumer [...] OMV Petrom (SNP) Wednesday, November 09, 2011 In the third quarter of 2011, OMV Petrom (SNP) obtained a net income attributable to shareholders in value of lei 1.17 billion, compared to the loss recorded in the same period of the previous year. The Group reported EBIT of lei 1.33 billion was [...] Macroeconomics Tuesday, November 08, 2011 Compared to the previous month, in September 2011, the turnover in industry increased per total industry by 13.6%, due to the rises in manufacturing (+13.9%) and in mining and quarrying (+5.3%), according to the National Institute of Statistics. On [...] Macroeconomics Tuesday, November 08, 2011 According to the National Institute of Statistics, in September 2011, industrial production (gross series) increased by 15.5% compared to the previous month, due to the rise in manufacturing (18.5%). The other two industrial sectors, mining and [...] Macroeconomics Monday, November 07, 2011 The National Bank of Romania revised the annual inflation rate for the end of 2011 to 3.3% by 1.3 pp down compared to the Inflation Report in August 2011. The significant downward revision of the projected annual CPI inflation for end-2011 is [...] Macroeconomics Monday, November 07, 2011 According to the National Institute of Statistics, in September 2011 compared to August 2011, the volume of construction works increased by 17.1% as a gross series, increase pointed out by all the structural elements as follows maintenance and [...] Banca Romana pentru Dezvoltare (BRD) Friday, November 04, 2011 At the end of the third quarter of 2011, Banca Romana pentru Dezvoltare (BRD) reached lei 382 million, down by 19% compared to the same period of 2010. The net banking income reached lei 2.4 billion (euro 571,6 million) and the gross operating [...] Macroeconomics Friday, November 04, 2011 In September 2011, the average gross nominal earning was lei 2,005, increasing with lei 12 against August 2011, according to the National Institute of Statistics. The average net nominal earning was lei 1,464, increasing as against the previous [...] Macroeconomics Friday, November 04, 2011 According to the National Institute of Statistics, in September 2011, the retail turnover volume (excluding the trade with motor vehicles and motorcycles) gross series, globally decreased by 3.0%, due to the decreases registered by the fuel retail [...] Transgaz (TGN) Thursday, November 03, 2011 In the first nine months of 2011, the total revenues of Transgaz (TGN) rose by 5.92% y-o-y, from lei 968.46 million to lei 1.02 billion. The increase of the revenues was mainly due to the increase of the transported gas by 434 million square meters [...] Macroeconomics Thursday, November 03, 2011 According to the National Institute of Statistics, in September 2011, the industrial production prices for total (domestic and non-domestic market) increased by 0.9% compared to the previous month and were up 8.1% from the same month of 2010. [...] Macroeconomics Wednesday, November 02, 2011 The Board of the National Bank of Romania decided to lower the monetary policy rate to 6% per annum from 6.25% starting with November 3, 2011. This wasn’t modified since June 2010, at it represents the smallest value recorded starting with 2002. [...] OMV Petrom (SNP) Wednesday, November 02, 2011 Petrom stared test exploitation of 4539 Totea well. The daily production amounts to approximately 430,000 square meters of gas and 58 tons of condensate and accounts for approximately 3% of Petrom’s daily gas production. At this moment, 4539 Totea [...] Prefab (PREH) Tuesday, November 01, 2011 At end-September, Prefab (PREH) recorded a net profit almost double compared to the same period of 2010 of lei 672,408. The decrease of the turnover by 8.5% from lei 58 million (30.09.2010) to lei 53.15 million (31.09.2011) was due mainly to the [...] Ropharma (RPH) Tuesday, November 01, 2011 In the first nine month of 2011, the net profit of Ropharma (RPH) recorded lei 8.65 million, decreased by 29% compared to the same period of the last year. The company’s net turnover recorded an increase of 7% y-o-y to lei 281.25 million, due to [...] Macroeconomics Tuesday, November 01, 2011 On October 30, 2011 the National Bank of Romania’s foreign exchange reserves stood at euro 32.19 billion, compared to euro 33.62 billion on September 30, 2011. In October 2011, euro 383 million entered at the National Bank of Romania representing [...] Macroeconomics Monday, October 31, 2011 According to the National Institute of Statistics, in September 2011, the seasonally adjusted ILO unemployment rate was established at 7.5%, increased by 0.2 pp compared to the previous month and by 0.3 pp above the level recorded in September 2010. [...] Azomures (AZO) Monday, October 31, 2011 Eurofert Investment and Azomures Holdings, companies that hold together 75.87% stake of Azomures (AZO), engaged in negotiation with Ameropa for the selling of those two companies. The negotiations, which are in a relatively advanced stage, could be [...] Turbomecanica (TBM) Monday, October 31, 2011 In the first nine months of 2011, Turbomecanica (TBM) recorded a net loss of lei 14.37 million lei, by 2.25 times higher compared to the same period of the previous year when it recorded a loss of lei 6.38 million. The net turnover decreased from [...] Erste Bank (EBS) Friday, October 28, 2011 In the first 9 month of 2011, Erste Bank (EBS) recorded a net loss in value of euro 973 million, compared to the same period of 2010 when it posted a profit of euro 633.8 million. The Management of the company announced that the loss was generated [...] Macroeconomics Friday, October 28, 2011 According to the National Institute of Statistics, in September 2011, 3,845 construction permits for residential buildings were released, decreasing by 11.5% against August 2011, out of which 66.5% are for rural area. In the regions of development [...] Banca Transilvania (TLV) Thursday, October 27, 2011 In the first nine months of 2011, the net profit of Banca Transilvania (TLV) increased by 53% y-o-y to lei 106.90 million. The operational revenues were lei 1.09 billion, almost to the value recorded in the same period of 2010, being influenced by [...] Erste Bank (EBS) Thursday, October 27, 2011 The Management of Erste Bank (EBS) said that the company requires additional capital amounting euro 59 million according to some stress tests in connection with the sovereign debt crisis conducted by the European Banking Authority (EBA). The final [...] Macroeconomics Wednesday, October 26, 2011 According to the National Bank of Romania Deposits of non-government resident customers went up 1.7% m-o-m, reaching lei 181 billion. Lei-denominated household deposits added 1.3% to lei 68.72 billion. At end-September 2011, household deposits in [...] Compania Hoteliera Intercontinental (RCHI) Wednesday, October 26, 2011 The Extraordinary Meeting of the Shareholders of Compania Hoteliere Intercontinental (RCHI) approved the acquisition of its own shares. The number of shares aquired should not exceed 10% of the company’s share capital (in value of lei 83.35 [...] Macroeconomics Tuesday, October 25, 2011 According to the National Bank of Romania, at end-September 2011, non-government loans granted by credit institutions went up 2.7% (2.95 in real terms) from August 2011 to lei 221,43 billion. Lei-denominated loans increased by 0.7% (0.9% in real [...] SIF Transilvania (SIF3) Tuesday, October 25, 2011 The agenda of SIF Transilvania (SIF3)’s AGEA convened for October 31, 2011 was completed with a note regarding the increase from lei 0.1 per share to lei 0.5 per share of the selling price of 33.25 million BCR shares for BCR’s capital increase. [...] Antibiotice (ATB) Monday, October 24, 2011 Due to the approval of a new product on the US market the Management Board of Antibiotice (ATB) estimated that the company’s exports on the U.S market will significantly increase by dollars 1.6 million to dollars 4.5 million. The authorization of [...] SSIF Broker (BRK) Monday, October 24, 2011 Previous Thursday the Managing Board of SSIF Broker Cluj (BRK) decided to disciplinary dispose the employment contract of Mr. Grigore Chis, General Manager of SSIF Broker (BRK) as well as his revocation of the position owned. The Managing Board will [...] New Europe Property Investments (NEPI) Friday, October 21, 2011 It is the intention of NEPI to undertake a rights offer to all NEPI shareholders in order to raise approximately euro 40 million (“the rights offer”). Therefore, NEPI shareholders will be offered 16.14242 new NEPI shares for every 100 ordinary [...] Fondul Proprietatea (FP) Friday, October 21, 2011 The Management of Fondul Proprietatea is working with the Romanian National Securities Commission (RNSC) to find the legal solution for the fund’s second listing. The intention of the fund is to offer up to 10 percent of the fund’s existing [...] Zimtub (ZIM) Thursday, October 20, 2011 The Extraordinary Meeting of the Shareholders of Zimtub (ZIM) decided to withdraw the company’s shares of the regulated market. The shareholders, who disagree with the EGMS’s decision, are able to withdraw off the company and they will have the [...] Siretul Pascani (SRT) Thursday, October 20, 2011 The liquidator judge approved Siretul Pascani (SRT)’s reorganization plan. The company’s activity was reorganized according to the reorganization plan and it was limited only for commercial activities that have the necessary materials, following [...] Uztel (UZT) Thursday, October 20, 2011 Prahova Court ordered the starting of the bankruptcy procedure for Uztel Ploiesti (UZT) by rejecting the request of the Insolvency administrator (Euroinsol Consulting SPRL) to confirm the company’s reorganizational plan. The sentence was appealed [...] Fondul Proprietatea (FP) Wednesday, October 19, 2011 In 23 November 2011, the shareholders of Fondul Proprietatea (FP) are convened to vote the modification of the articles regarding the vote rights of the Article of Incorporation. If these modifications are approved, every paid share by the [...] Rompetrol Rafinare (RRC) Wednesday, October 19, 2011 Today, it was recorded the capital increase of Rompetrol Rafinare (RRC) from lei 2.43 million to lei 4.41 million, with lei 1.97 million representing the value for the conversion into shares of 20.65 million bonds issued by the company for the [...] Prefab (PREH) Wednesday, October 19, 2011 The Managing Board of Prefab convened the Extraordinary Meeting of the Shareholders for 24.11.2011 to approve the contraction of a credit line up to euro 20 million for the production program of 2011 and for the investment program of 2011 and 2012, [...] Alro (ALR) Tuesday, October 18, 2011 The managing board of Alro (ALR), announced that is going to take measures to ensure stable operation of the plant in spite of the energy shortage generated by the force majeure claimed by Hiroelectica, the main energy supplier of Alro (ALR). These [...] Prefab (PREH) Tuesday, October 18, 2011 The Managing Board of Prefab (PREH) announced the completion of the first buy-back program, approved through EGMS Decision no.4/25.03.2011. Therefore in March 7 – October 14 2011 were repurchased of the capital market a number of 35,200 shares off [...] Fondul Proprietatea (FP) Monday, October 17, 2011 At end-September 2011, the net asset value of Fondul Proprietatea (FP) recorded lei 14.61 billion, by 4.7% decreased compared to end-August 2011 (lei 15.35 billion). The net asset value per unit decreased from lei 1.1450 per share (August 31, 2011) [...] Ropharma (RPH) Monday, October 17, 2011 In November 21, 2011, the shareholders of Ropharma are convened to approve the merger between the company and other 7 companies as well as to approve the operating actions preliminary the merger. On the agenda are issues regarding the contracting of [...] SIF Banat-Crisana (SIF1) Monday, October 17, 2011 At end-September SIF Banat-Crisana’s net asset value per unit was lei 2.3488 per share, smaller by 4.36% y-o-y. SIF1’s shares are trading with a discount of 68.85% compared to NAV. The profit obtained by the company in the first nine months of [...] SIF Muntenia (SIF4) Friday, October 14, 2011 SIF Muntenia (SIF4) signed with Erste (EBS) the documents regarding the capitalization of its BCR stake. Therefore SIF Muntenia (SIF4) is going to sell a number of 84.76 million BCR shares and it will receive Erste shares in exchange of 324 million [...] SIF Banat-Crisana (SIF1) Friday, October 14, 2011 In the first nine months of 2011, the net asset value of SIF Banat-Crisana recorded a value of lei 1.28 billion, lower by 3.61% compared to the net asset value recorded at end-August (lei 1.33 billions). The profit recorded by SIF Banat-Crisana [...] SIF Oltenia (SIF5) Friday, October 14, 2011 SIF Oltenia (SIF5) recorded at end-September a net asset value of lei 1.52 billion by 3.93% smaller against the one recorded at end-August of lei 1.58 billion. The profit of the company was lei 66.81 million by 35.82% higher compared to the previous [...] Macroeconomics Thursday, October 13, 2011 According to the National Bank of Romania, in the first eight months of 2011 the balance-of-payments current account posted a deficit of euro 3.29 billion, 19.7% lower y-o-y, due mainly to the decrease in trade deficit by 11.6% and the increase in [...] Macroeconomics Thursday, October 13, 2011 The total extern debt of Romania at end-August 2011 was euro 29.72 billion, increased by 10.28% compared to end-December 2011, when it registered euro 26.94 billion. Medium and long-term external debt at end-August 2011 stood at euro 75.61 billion [...] Macroeconomics Wednesday, October 12, 2011 According to the National Employment labor Agency, in late-September, at the national level, the unemployment rate recorded a value of 4.89%, increased by 0.02pp compared to August 2011 and by 2.46pp y-o-y. The total number of unemployed people [...] Impact (IMP) Wednesday, October 12, 2011 The Extraordinary Meeting of the Shareholders of Impact (IMP) approved the equity’s reduction from lei 200 million to lei 197.86 million, by cancelling a number of 2.13 million shares acquired by the company. The shareholders also approved issues [...] Macroeconomics Tuesday, October 11, 2011 In September 2011, the inflation rate was 3.45% compared to September 2010, according to the National Institute of Statistics. Compared to August 2011, the price of food goods decreased by 1.2% while the prices of non-food goods and the tariffs for [...] Macroeconomics Tuesday, October 11, 2011 Compared to the previous month, in August 2011, the turnover of wholesale and retail, the maintenance and repair of motor vehicles and motorcycles, gross series, decreased by 1.6%, due to the trade with motor vehicles (-8.4%), trade with [...] Erste (EBS) Monday, October 10, 2011 Erste Group tacked extraordinary charges by substantially reduces euro zone peripheral exposure. This has cut its sovereign exposure to Greece, Portugal, Spain, Ireland and Italy from euro 1.9 billion at year-end 2010 to euro 0.6 billion at 30 [...] Macroeconomics Monday, October 10, 2011 In August 2011, according to preliminary estimations of the National Institute of Statistics, FOB exports amounted to lei 14.7 billion (euro 3.46billion) and CIF imports amounted to lei 18.31 billion (euro 4.31 billion). Compared to August 2010, [...] Macroeconomics Friday, October 07, 2011 According to the National Institute of Statistics, in August 2011, the industrial production decrease by 7.1% compared to the previous month due to the fall in manufacturing by 9.4%. The other two industrial sectors, mining and quarrying and [...] Macroeconomics Friday, October 07, 2011 In August 2011, the total construction works volume of (gross series) increased by 0.6%, compared to the previous month, increase evident in the repair works (+16%). On the new construction works and capital repair works were recorded decreases of [...] OMV Petrom (SNP) Thursday, October 06, 2011 Petrom announced the start of commercial operations of the wind park Dorobantu, on October 1st, 2011. The wind park Dorobantu is equipped with 15 turbines and has an installed capacity of 45 MW, being located in Dobrogea, an area with a high wind [...] Impact (IMP) Thursday, October 06, 2011 Impact (IMP) signed in the first 9 months of 2011 a number of 117 homes contracts, almost the same like 118 contracts signed for the whole 2010. Supplementary, in the first three quarters, Impact (IMP) signed contracts and pre-contracts for the sale [...] Macroeconomics Wednesday, October 05, 2011 According to the National Institute of Statistics, in August 2011 the gross average earning was in value of lei 2,005, decreased by lei 22 compared to July 2011. The net average earning was lei 1,455, decreased by lei 16 (-1.1%) against the previous [...] Macroeconomics Wednesday, October 05, 2011 In August 2011, the retail turnover volume (excluding the trade with motor vehicles and motor cycles) increased as against the preceding month by 4.4% as gross series and by 3.0% as adjusted series according to the number of working days and to [...] Macroeconomics Tuesday, October 04, 2011 According to the National Institute of Statistics, in August 2011, the industrial production prices for total (domestic and non-domestic market) decreased by 0,2% compared to the previous month (the domestic market decreased by 0.4% and the [...] Macroeconomics Tuesday, October 04, 2011 The Ministry of Transport and Infrastructure announced the organization of an auction in which it will be awarded the contract of brokerage/ intermediary for preparing, promotion and intermediation of a Secondary Selling Public Offer for a 20% stake [...] Macroeconomics Monday, October 03, 2011 On September 30, 2011 National Bank of Romania’s foreign exchange reserves stood at euro 33.62 billion compared to euro 32.55 billion in August 31, 2011. During the month, the inflows were euro 2,02 billion , representing changes in the foreign [...] Prefab (PREH) Monday, October 03, 2011 Prefab (PREH) signed a contract with Kawasaki Gas Turbine Europe regarding the delivery and putting into function of a cogeneration plant. The investment was included in the investment program for 2011 at a value of euro 5 million. In the first [...] Macroeconomics Friday, September 30, 2011 According to the National Institute of Statistics, the average net monthly earnings were 1,391 lei, by 23.6% in real terms (expressed as compared to the evolution of the consumer prices of the population) more than that of year 1990 and by 2.2% [...] Macroeconomics Friday, September 30, 2011 In August 2011, the unemployment rate according to the International Labor Office (ILO), adjusted series, was estimated at 7.3%, being unchanged compared to the previous month and to August 2010. The number of ILO unemployed (15-74 years) estimated [...] Macroeconomics Thursday, September 29, 2011 In August 2011, 4345 construction permits for residential buildings were released, a 11.9% increase compared to July 2011, of which 68.3% are for the rural area, according to the National Institute of Statistics. The distribution at regional level [...] Macroeconomics Thursday, September 29, 2011 The Board of the National Bank of Romania decided in today’s meeting to keep unchanged the monetary policy rate at 6.25% per year as well as to maintain the existing levels of minimum reserve requirement rations on both leu-denominated and foreign [...] Fondul Proprietatea (FP) Wednesday, September 28, 2011 Fondul Proprietatea announced that on the Extraordinary Meeting of the Shareholders of Hidroelectrica, the Romanian State of vote against the admission to trading on the regulated market on the Bucharest Stock Exchange of the Hidroelectrica shares. [...] Macroeconomics Wednesday, September 28, 2011 In a survey conducted by the National Institute of Statistics on a group of managers, they are expected for a moderate increase of the production volume in manufacturing (short term balance 8%) and a relative stability in the number of employees [...] Macroeconomics Tuesday, September 27, 2011 According to the Ministry of Finance, in the first eight months of 2011 ended with a deficit of lei 12.97 billion, which represents 2.4% of PIB. The consolidated revenues budgeted, in sum of lei 116.4 billion, were up by 9.5% compared to the [...] SIF Moldova (SIF2) Tuesday, September 27, 2011 The shareholders of SIF Moldova (SIF2) approved to mandate the Managing Board of the company to request to Banca Comerciale Romane and Erste that, in 15 working days since the approval of the decision to initiate the procedures for BCR admission to [...] Macroeconomics Monday, September 26, 2011 In the second quarter of 2011, according to the International Labour Office (ILO) criteria, the unemployment rate for working age population was 7.2%, decreased by 7.6% as against previous quarter but increasing as compared to the corresponding [...] SIF Oltenia (SIF5) Monday, September 26, 2011 The General Meeting of the Shareholders of SIF Oltenia (SIF5) rejected to mandate the Managing Board of the company to request BCR and its major shareholder the BCR admission to trading. On the other hand, the shareholders mandate the management of [...] Macroeconomics Friday, September 23, 2011 According to the National Bank of Romania, at end-August 2011, non-government loans granted by credit institutions decreased by 0.1% (up by 0.2% in real terms) form July 2011 to lei 215.7 billion. Lei-denominated loans edged up 0.1% (by 0.5 percent [...] Macroeconomics Friday, September 23, 2011 In August 2011 the deposits of non-government resident customers went up by 0.5% m-o-m, reaching lei 178.06 billion according to the National Bank of Romania. Lei-denominated household deposits decreased by 0.1% to lei 67.81 billion m-o-m and jumped [...] SIF Oltenia (SIF5) Thursday, September 22, 2011 The first convening of the General Meeting of the Shareholders of SIF Oltenia (SIF5) didn’t meet by lack of quorum to mandate the Managing Board of the company to request to Erste Bank the BCR admission to trading as well as to negotiate other [...] SIF Muntenia (SIF4) Thursday, September 22, 2011 At the second convene of the General Meeting of the Shareholders of SIF Muntenia (SIF4), the shareholders approved to mandate the company’s Administrator that within 15 days, no later than October 13, 2011, if there aren’t completed other ways [...] SIF Muntenia (SIF4) Wednesday, September 21, 2011 The first convening of the General Meeting of the Shareholders of SIF Muntenia (SIF4) didn’t meet by lack of quorum to mandate the Managing Board of the company to request to Erste Bank the BCR admission to trading. At the meeting participated [...] Dafora (DAFR) Wednesday, September 21, 2011 Calburean Gheorghe and Dafora Group were the only shareholders of Dafora (DAFR) that fully subscribed and paid a number of 28,74 million new shares to the increase of the company’s equity. After the increase, they have a stake of 49.67% and of [...] Macroeconomics Wednesday, September 21, 2011 In the first 8 months of 2011, there were recorded a number of 14,829 activity suspension of companies in Romania, by 72.8% lower compared to the same period of 2010 when it registered a number of 54,511 activity suspension. In the same period there [...] Rompetrol Rafinare (RRC) Tuesday, September 20, 2011 Rompetrol Rafinare (RRC), from October 22 through November 3 will suspend the production activity in order to pursue technological modernization works scheduled for 2011. The upgrading works will focus mainly on catalysts replacement for all the [...] Ropharma (RPH) Tuesday, September 20, 2011 Following the Arrow Pharmaceutical’ request (a shareholder that has a stake of 31.31% of Ropharma), the agenda of the Extraordinary Meeting of the Shareholders of Ropharma (RPH) on 03.04.2011 was completed with two more issues. The first issue [...] OIL Terminal (OIL) Monday, September 19, 2011 The General Meeting of the Shareholders of OIL Terminal (OIL) approved the capital increase with some lands owned by the Ministry of Economy. The lands have an area of 25.4 hectare and of 12.93 hectare, they being placed in district Constanta. The [...] Lipomin Lipova (LIPO) Monday, September 19, 2011 During 21.09.2011 and 11.10.2011, Risata Holdings Ltd Nicosia-Cipru will make a mandatory takeover offer for Lipomin Lipova (LIPO). The number of share that are the subject of the offer are 640,318 shares which represents 7.90% of the equity. The [...] Fondul Proprietatea (FP) Friday, September 16, 2011 At the end of August 2011, the net asset value of Fondul Proprietatea (FP) was in value of lei 15.35 billion, decreased by 4% compared to the net asset registered at the end of Junly. The net asset value per unit was lei 1.145 per share, two times [...] SIF Muntenia (SIF4) Friday, September 16, 2011 In the first 8 months of 2011, the net asset value of SIF Muntenia (SIF4) recorded lei 1.29 billion. The net asset value per unit was lei 1.6066 per share, decreased by 5.11% compared to the one recorded at the end of July of lei 1.6932 per share. [...] Bucharest Stock Exchange (BVB) Friday, September 16, 2011 The shares of Bucharest Stock Exchange (BVB) will be included in the new structure of ROTX index, which will become effective as of September 19, 2011. BVB will weight 1.95% in the index. ROTX has members like Fondul Proprietatea, BRD Group Soc-Gen, [...] Societati de Investitii Financiare (SIF-uri) Thursday, September 15, 2011 Four of the Financial Investment Companies – SIF Banat-Crisana (SIF1), SIF Transilvania (SIF3), SIF Muntenia (SIF4) and SIF Oltenia (SIF5) – reached an agreement in principle with Erste Group, in which Erste will acquire their 24.12% stake or [...] Perla Covasnei (PELA) Thursday, September 15, 2011 In the first semester of 2011 Perla Covasnei (PELA) recorded a loss in value of lei 1.38 million, after it recorded a profit in value of lei 734,570 in the first semester of 2010. The company’s turnover decreased by lei 2.82 million to lei 8.63 [...] Altur (ALT) Wednesday, September 14, 2011 The General Meeting of the Shareholders of Altur (ALT) approved the contracting of Raiffeisen bank a credit facility in term with the possibility of issuing credit letters and guarantee letters for a project that implies the modernization of the [...] Fondul Proprietatea (FP) Wednesday, September 14, 2011 On 4 September 2011, the Romanian State represented by the ministry of Finances held 1.2 billion Fondul Proprietatea (FP) shares representing 8.7064% of the Fund’s subscribed share capital. Although the Romanian State owns 1.2 billion shares, [...] Macroeconomics Tuesday, September 13, 2011 According to the National Institute of Statistics, in August 2011, the inflation rate reached 4.25% y-o-y, this being the third month of decrease. The consumer price index (CPI) was reduced to 0.35% m-o-m, due to the price of food decrease by 1.4%, [...] Macroeconomics Tuesday, September 13, 2011 According to the Romanian National Bank, in the first seven months of the year, the balance-of-payments current account posted a deficit of euro 2.82 billion, decreased by 24.4% y-o-y due mainly to the decrease in trade deficit by 19.3% and the [...] Macroeconomics Friday, September 09, 2011 In July 2011, according to preliminary estimations of the National Institute of Statistics, FOB exports amounted to lei 16.04 million (euro 3.77 million) and CIF imports amounted to lei 18.73 million (euro 4.41 million). Compared to July 2010, [...] Macroeconomics Friday, September 09, 2011 During the first seven months of 2011, primary energy resources increased by 5.5%, while those of electric energy increased as against the same period of 2010, respectively by7.1%. the main primary energy resources during this period, amounted [...] Macroeconomics Thursday, September 08, 2011 According to the National Institute of Statistics the industrial production a gross series decreased by 1.8% to the previous month due to the fall in manufacturing by -2.1%. Mining and quarrying and electricity, gas, steam and air conditioning [...] Impact (IMP) Thursday, September 08, 2011 The Managing Board of Impact (IMP) convened the Extraordinary Meeting of the Shareholders for October 11, 2011 to approve the reduction of the company’s social capital from lei 200 million to lei 197,86 million by cancelling a number of 2,133,426 [...] Macroeconomics Wednesday, September 07, 2011 According to the National Institute of Statistics, in July 2011, the volume of construction works decreased by 10.8% compared to June 2011, decrease registered for all structural elements: maintenance and current repair works (-14%), capital repair [...] Macroeconomics Wednesday, September 07, 2011 In July 2011, the turnover of the trade with motor vehicle and motorcycles increased, compared to the previous month, by 4.2% as adjusted series according to the number of work days and to the seasonality and by 19.7%, compared to July 2010. As to [...] Macroeconomics Tuesday, September 06, 2011 According to the National Institute of Statistics, in July 2010, the retail turnover volume (excluding the trade with motor vehicles and motor cycles) increased as against the preceding month by 3.4% as gross series and by 2.2% as adjusted series [...] Macroeconomics Tuesday, September 06, 2011 In July 2011, the turnover in industry as well as the industrial new orders overall decreased in nominal terms, by 4.2% and by 8.1%, respectively, compared to the previous month. Compared to the same period of the last year, the turnover in industry [...] Dafora (DAFR) Monday, September 05, 2011 Dafora (DAFR) signed a contract of geothermal drilling in Germany, the works consisting in the realization of four drilling hole for GeothermSolarpark Northastedt GmbH company. The length of the contract is 2 years with possibility of extension and [...] Macroeconomics Monday, September 05, 2011 According to the National Institute of Statistics, in July 2011, the average gross nominal earning was lei 2,027, increased with lei 1 as against June and the net nominal earning was lei 1,471, decreasing as the previous month with lei 1. The real [...] Macroeconomics Friday, September 02, 2011 In June 2011, the industrial the industrial production prices for total (domestic and non-domestic market) increased by 1.0% compared to the previous month and were up 9.3% from the same month of 2010. By activity sectors, price increases were [...] Macroeconomics Friday, September 02, 2011 In quarter II 2011, the investments in the national economy decreased by 8.6% compared to quarter II 2010, decrease registered by all the structure elements like other expenditure by 24.5%, new construction works by 9.2% and equipments by 7.1%. [...] Teraplast (TRP) Thursday, September 01, 2011 In the first semester of 2011 Teraplast (TRP) registered a loss in value of lei 5.57 million by 82% higher compared to the same period of the last year. Even if the turnover of the company increased by 10.14%, compared to the first semester of 2010, [...] Macroeconomics Thursday, September 01, 2011 On August, National Bank of Romania’s foreign exchange reserves decreased by euro million 130 stood, from euro 32.68 billion to euro 32.5 billion. During the month were euro 1.11 billion inflows, representing changes in the foreign exchange [...] Macroeconomics Wednesday, August 31, 2011 According to the International Labor Office, in July 2011, the seasonally adjusted unemployment rate was estimated at 7.3%, being at the same level as the previous month and by 0.1% higher compared to July 2010. The number of unemployed estimated [...] Amonil (AMO) Wednesday, August 31, 2011 The Extraordinary General Meeting of the Shareholders of Amonil approved to change the main activity of the company from manufacturing of fertilizers and nitrogen compounds to electricity production, the manufacturing of the fertilizers being past [...] Concefa (COFI) Tuesday, August 30, 2011 Concefa’s (COFI) shareholders approved the share capital increase by lei 14.21 million to 71,06 million lei, by issuing a total of 142,124,823 registered shares through subscription of one new share to 4 shares held by the shareholders registered [...] Retrasib (RTRA) Tuesday, August 30, 2011 The Extraordinary Meeting of the Shareholders of Retrasib (RTRA) approved the doubling of the share capital by issuing a total of 50.006.027 nominative and dematerialized shares, with a nominal value of lei 0.10 per share. Those are going to be free [...] Macroeconomics Monday, August 29, 2011 In the first seven months of 2011 were released 22,822 construction permits for residential buildings, decreasing by 5.3% y-o-y. Only in July 2011, 3,884 construction permits for residential buildings were released, decreasing by 6.7% against June [...] Macroeconomics Monday, August 29, 2011 For August – October 2011 the managers surveyed by the National Institute of Statistics are expecting a moderate increase in the manufacturing sector, construction and services compared to the previous three month. The managers of the [...] SIF Moldova (SIF2) Wednesday, August 24, 2011 Following the request of a group of shareholders that hold more than 5% of SIF Moldova, the General Meeting of the Shareholders was convened for September 23 to approve the mandate of the Managing Board to request Erste Bank the BCR admission to [...] Macroeconomics Wednesday, August 24, 2011 End of July 2011, non-government loans granted by credit institutions went up 1.1% (1.5% in real terms) compared to June 2011, to RON 216,01 billion. RON-denominated loans increased by 1.0% (1.4% in real terms), whereas foreign currency-denominated [...] Fondul Proprietatea (FP) Tuesday, August 23, 2011 Since May 11, when the buy-back program started, Fondul Proprietatea repurchased 205.23 million shares, which represents approximately 1.49% of the share capital of the fund. In August, were repurchased 43.38 million shares, at an average price of [...] ArcelorMittal Tubular Products Roman (PTRO) Tuesday, August 23, 2011 The net result obtained by Arcelor Mittal Tubular Products Roman in the first semester of 2010 was in value of lei 8.6 million, compared to the previous semester when it registered a loss in value of lei 114.93 million. The net turnover was lei [...] Transelectrica (TEL) Monday, August 22, 2011 The General Meeting of the Shareholders of Transelectrica (TEL) approved the proposal of the rectified revenues and expenses budget for 2011. The management of the company estimated a gross profit of lei 42 million by 68% higher compared to the [...] Unisem (UNISEM) Monday, August 22, 2011 Unisem (UNISEM) obtained in the first semester of 2011 a profit in value of lei 11,000 representing 1.57% of the planned profit of lei 701,000. The total revenues were achieved in proportion of 88.12%, representing lei 15.26 million. The net [...] Fondul Proprietatea (FP) Friday, August 19, 2011 Fondul Proprietatea (FP) called the Extraordinary General Meeting of the Shareholders of Hidroelectrica and Nuclearelectica to request the approval of listing on the Bucharest Stock Exchange. Fondul Proprietatea holds a 19.96% stake in [...] Azomures (AZO) Friday, August 19, 2011 Azomures (AZO) closed the first semester of 2011 with a net profit of lei 163.24 million by 137.09% higher y-o-y. The turnover registered a value of lei 873 million, up by 63.84% compared to the last semester of 2010 when it registered lei 468.95 [...] Banca Comerciala Carpatica (BCC) Thursday, August 18, 2011 In the first semester of 2011, Banca Comerciala Carpatica (BCC) reduced its loss by 82.46% y-o-y due to the reduction of the provisions expenses by 81.88%. Thereby the company registered a loss in value of lei 18.67 million. The total expenses were [...] SSIF Broker Cluj (BRK) Thursday, August 18, 2011 At the end of the first semester of 2011 SSIF Broker (BRK) registered a net profit of lei 1.72 million by 70% lower compared to the net profit obtained in the same period of 2010 when it was lei 5.55 million. The turnover decreased by 12.7% to lei [...] SIF Oltenia (SIF5) Wednesday, August 17, 2011 In 22.09.2011 the shareholders of SIF Oltenia (SIF5) are called to approve the mandate of the Managing Board to request to Erste Bank the BCR admission to trading at the Bucharest Stock Exchange. Another issue on the agenda of the General Meeting of [...] Biofarm (BIO) Wednesday, August 17, 2011 In the first semester of 2011 Biofarm (BIO) obtained a net profit in value of lei 11.01 million, up by 14% compared to the first semester of 2010. The net turnover increased by 19% to lei 49 million lei y-o-y. The financial result obtained in June [...] Macroeconomics Tuesday, August 16, 2011 According to the National Institute of Statistics, the GDP of the second quarter of 2011 was by 0.2% higher, in real terms compared to the first quarter of 2011. Compared to the same quarter of 2010, the GDP registered an increase of 1.4% in gross [...] Transgaz (TGN) Tuesday, August 16, 2011 In the first semester of 2011 Transgaz (TGN) obtained a gross profit in value of lei 305.13 million, less by 3.07% y-o-y. The total revenues of the first semester raised by 4.85% due to the increased amount of transported natural gas and to the [...] Fondul Proprietatea (FP) Tuesday, August 16, 2011 In the first seven months of 2011, the net asset value of the Fondul Proprietatea (FP) was lei 16 billion, the equivalent of euro 3.77 billion. The net asset value per share registered lei 1.1625, down by 1.09% compared to June 2011. The profit [...] Alro (ALR) Friday, August 12, 2011 For the first half of 2011, Alro Slatina reported a net profit of lei 177.4 million ($59.5 million), more than 6 times higher compared to the lei 28.9 million ($9.16 million) profit during the first half of last year, according to Romanian [...] Antibiotice (ATB) Friday, August 12, 2011 The turnover registered in the first half of 2011 by Antibiotice (ATB) was lei 138.5 million, by 20% higher y-o-y. The net profit had a positive evolution, reaching lei 23.14 million, by 34% higher than the one obtained in H1 2010. The Management [...] Banca Comerciala Carpatica (BCC) Friday, August 12, 2011 During the first half of 2011, Banca Comerciala Carpatica cut its losses by 82.46% y-o-y, reducing the provisions. The losses registered in H1 are in value of lei 18.67 million. The net expenses with provisions in the first half of 2011 were lei [...] Transelectrica (TEL) Thursday, August 11, 2011 In the first semester of 2010 the net profit of Traselectrica (TEL) was in value of lei 178.63 million by, compared to the same period of the last year when it registered a loss in value of lei 58 million. The company obtained an operational profit [...] Macroeconomics Thursday, August 11, 2011 In the first semester of 2011, the medium and long-term external debt stood at euro 75.66 billion (77.9% of total external debt), 4% above the level recorded at end-2010, according to the National Bank of Romania. The short-term external debt in the [...] OMV Petrom (SNP) Wednesday, August 10, 2011 The Petrom Group obtained in the first half of 2011 a net profit in value of lei 1.74 billion by 15% higher y-o-y. The Group reported EBIT of lei 2.14 billion was 44% above the level of the first six months of 2010. The net financial result was lei [...] Bucharest Stock Exchange (BVB) Wednesday, August 10, 2011 The Bucharest Stock Exchange ended first six months with a net profit of lei 12.5 million, by three time higher compared to the corresponding period of the last year, when it registered lei 4.38 million. The BVB net turnover grew by 28.4% to lei [...] Macroeconomics Wednesday, August 10, 2011 According to the National Institute of Statistics, in July 2011, the inflation rate reached 4.85% y-o-y. The Consumer Price index (CPI) was reduced to 0.35% m-o-m, due to the prices of food decrease by 1.9% as well as the price of non-food goods and [...] Macroeconomics Tuesday, August 09, 2011 In June 2011, the industrial production decreased both as gross series and series adjusted by the number of working days and seasonality, by 1.5% and by 2.2% respectively compared to the previous month, according to the National Institute of [...] Macroeconomics Tuesday, August 09, 2011 In the first semester of 2011, the FOB-CIF commercial deficit was of lei 18.0 billion (euro 4.54 billion), lei 1.36 billion (euro 340.9 million) less than in the first semester of 2010, according to the National Institute of Statistics. In the fisrt [...] Macroeconomics Monday, August 08, 2011 The National Bank of Romania revised the annual inflation rate for the end of 2011 to 4.6% by 0.5 pp down compared to the Inflation Report in May 2011 and 0.6 pp above the upper limit of the variation band around the 3% target. The significant [...] iFond Financial (IFR) Monday, August 08, 2011 The iFond Financial obtained in the first half of 2011 a profit in value of lei 310,845, down by 32% compared to the previous semester of 2010. At the end of the first semester of 2011, the Fondul Proprietatea shares represented 30.53% and the [...] Macroeconomics Friday, August 05, 2011 According to the National Institute of Statistics, , the turnover of the total industry (domestic and foreign markets), in nominal terms, rose in June 2011 by 2% m-o-m (due to the extractive industry and manufacturing increase of 2.6% and 2% [...] Albalact (ALBZ) Friday, August 05, 2011 The net profit obtained by Albalact (ALBZ) in the first half of 2011 was in value of lei 2.26 million lei, down by 6.38% compared to the same period of 2010. The net turnover rose by 32.6% y-o-y to lei 165.86 million due to the increase of revenues [...] Macroeconomics Thursday, August 04, 2011 In June 2011, the gross nominal average earning was lei 2,206, by 0.9% higher than the previous month, according to the National Institute of Statistics. The net nominal average earning was lei 1,472, increased by lei 14 (1%). The highest value was [...] UCM Resita (UCM) Thursday, August 04, 2011 In the first half of 2011, UCM Resita (UCM) registered a loss of lei 24 million, down by 45% compared to the same period of the previous year of lei 43.55 million. The operating loss was down by 15% and the turnover of the company grew by 20% to lei [...] Macroeconomics Wednesday, August 03, 2011 According to the National Institute of Statistics, the turnover’s volume in retail trade (except for the vehicles and motorcycles) increased in June 2011 by 1.1% (gross series), compared to the previous month, due to the increases registered on [...] iFond Financial (IFR) Wednesday, August 03, 2011 In late June 2011, the net asset value per unit was lei 200.70, down by 3.41% compared to the previous month. In June weren’t changes in terms of the assets structure compared to the previous month. At the Bucharest Stock Exchange was traded in [...] iFond Gold (IFG) Wednesday, August 03, 2011 On 31 June 2011, the net asset value of iFond Gold (IFG) was in value of lei 3,43 milion and the asset value per unit registered lei 171.52 and it had a positive trend due to the exchange rate of CAD/RON was well as the companies of the fund’ [...] Macroeconomics Tuesday, August 02, 2011 According to the International Labor Office criteria, in June 2011, the seasonally adjusted unemployment rate was estimated at 7.5%, a 0.1% increase compared to the previous month and a 0.4% rise over the June 2010 level. The number of unemployed [...] Impact (IMP) Tuesday, August 02, 2011 Impact (IMP) concluded a real estate transaction by over lei 5.2 million in Greenfield Residence. The transaction was carried out on a building and a land connected to the building. The assets are placed in Quartz district, a part of the Greenfield [...] Banca Romana pentru Dezvoltare (BRD) Monday, August 01, 2011 The profit obtained by Banca Romana pentru Dezvoltare (BRD) in the first half of 2011 was in value of lei 282 million and it was decreased by half compared to the last semester of the previous year. The net banking income reached lei 1.6 billion and [...] Banca Transilvania (TLV) Monday, August 01, 2011 Banca Transilvania (TLV) registered in the first half of 2011 a net profit in value of lei 65.67 million, about double compared to the same period of 2011 when it registered lei 33.21 million. The financial operating income increased by 20% y-o-y [...] Erste Group (EBS) Friday, July 29, 2011 In the first half of 2011, Erste Group profit rose by 5.2% to euro 496.3 million y-o-y, due to the solid operating result and lower risk costs. The bottom line was burdened by additional charges of euro 95.6 million for banking taxes in Austria and [...] Macroeconomics Friday, July 29, 2011 In June were issued 4,161 building permits for residential buildings, down by 1.8% m-o-m, of which 66.9% are for rural areas announced the National Institute of Statistics. Compared to the same period of the last year, it is noticed a decrease in [...] Macroeconomics Thursday, July 28, 2011 According to the opinions expressed by the managers of the manufacturing and the construction sector, they are expecting a moderate increase of the production volume (short term balance +6% and +12%, respectively) for the next months, according to [...] Oltchim (OLT) Thursday, July 28, 2011 The shareholders of Oltchim (OLT) are convened for 29.08.2011 to vote in the Extraordinary General Meeting of the Shareholders the change in the instruments of incorporation of the company regarding the President of the Managing Board that cant’ [...] Retrasib (RETRA) Wednesday, July 27, 2011 On 29.08.2011 the Retrasib shareholders are called to vote the capital increase by lei 5 million, issuing a number of 50,006,027 new shares with a nominal value of lei 0.10 per share. The capital increase is going to be made of the net profit [...] SIF Moldova (SIF2), SIF Transilvania (SIF3) SIF Muntenia (SIF4), SIF Oltenia (SIF5) Wednesday, July 27, 2011 Four of the Financial Investment Companies announced that they received of a group of shareholders that owns more than 5% of the each company requests to convene the General Meeting of the Shareholders due to mandate the Managing Boards to request [...] Argus (UARG) Wednesday, July 27, 2011 The Managing board of Argus decided that the agenda of the General Meeting of the Shareholders of 09/10.08.2011 couldn’t be completed with issues requested by SIF Oltenia (SIF5) regarding the election of the Managing Board through cumulative vote [...] Macroeconomics Tuesday, July 26, 2011 In the first half of the year, the general consolidate budget registered a deficit of lei 11.3 billion representing 2.07% of the GDP, below the targeted deficit in value of lei 12.6 billion as provided in the additional letter of the Stand-By [...] Dafora (DAFR) Tuesday, July 26, 2011 The Extraordinary Meeting of the Shareholders of Dafora (DAFR) approved yesterday the capital increase by lei 5.12 million to lei 102.48 million, by issuing a number of 51,240,912 new nominative shares. The existing shareholders at the registration [...] Macroeconomics Monday, July 25, 2011 At the end of June 2011, the non-government loans granted by credit institutions went up 2.9% (3.2% in real terms) from May 2011 to lei 213.65 billion. RON-denominated loans increased by 1.0% (1.3% in real terms), where as foreign [...] Concefa (COFI) Monday, July 25, 2011 The Board of Concefa (COFI) convened the Extraordinary Meeting of the Shareholders for 29.08.2011, to approve the capital increase by lei 14.21 milion to lei 71.06 milion. The increase is going to be made by cash contribution, and the shareholders [...] OMV Petrom (SNP) Friday, July 22, 2011 The Secondary Public Selling Offer for a 9.84% stake in the OMV Petrom (SNP) failed because there were subscribed less than 80% of the shares, this being the minimum level that the offer had to reach to be a success. The maximum price of [...] Prefab (PREH) Friday, July 22, 2011 Prefab intends to access European funds to build a cogeneration plant. The financing project was filled under the Priority Axis 4 of the Operational Program – The Increase of the Economical Competitiveness. The investment is in value of lei 22.40 [...] Rompetrol Rafinare (RRC) Friday, July 22, 2011 The Romanian state, by the Ministry of Finance, acquired the status of shareholder at Rompetrol Rafinare (RRC) by holding 19.715.009.053 new shares through the conversion of bonds, representing 44.6959% of the increased share capital according to [...] OMV Petrom (SNP) Thursday, July 21, 2011 OMV Petrom got from the Government an extension for five years of exploration period of the block Neptun from Balck Sea. The work program to be executed in partnership with ExxonMobil Exploration and Production Romania Ltd includes the drilling of [...] Macroeconomics Thursday, July 21, 2011 In late June, the unemployment rate had registered at the national level a value of 4.78%, decreased by 0.19% compared to May 2011 and by 2.72% y-o-y, according to the National Employment Labor Agency. The total number of unemployed people [...] Rompetrol Rafinare (RRC) Wednesday, July 20, 2011 Rompetrol Rafinare (RRC) started the last phase of its capacity increase program for the Petromidia Refinery, from 3.8 million tons, to over 5 million tons of processed raw material. The value of the investments made to this extent amount so far up [...] Turbomecanica (TBM) Wednesday, July 20, 2011 The Extraordinary Meeting of the Shareholders of Turbomecanica (TBM) was convened for August 28, 2011 to approve the Plan of reconfiguration of production flows and their resettlement and measures arising from this activity, necessary to balance the [...] OMV Petrom (SNP) Tuesday, July 19, 2011 Today, the Romanian Government fixed the minimum subscription price at 0.3708 per share of the Secondary Public Selling Offer for a 9.84% stake in the OMV Petrom (SNP) The maximum price for subscription is lei 0.46 per share, that being the highest [...] SIF Muntenia (SIF4) Tuesday, July 19, 2011 On June 30 the net asset of SIF Muntenia (SIF4) registered lei 1.36 billion by 9% less than the net asset registered in May. The profit obtained by the company in the first semester of 2011 was lei 10.14 million, registering in May a profit of lei [...] Oil Terminal (OIL) Tuesday, July 19, 2011 The General Meeting of the Shareholders of Oil Terminal (OIL) approved the revenues and expenses budget for 2011. The company estimates a profit in value of lei 3.14 million by 56.3% up y-o-y. The total revenues projected for 2011 are in value of [...] Fondul Proprietatea (FP) Monday, July 18, 2011 In the first semester of 2011, Fondul Proprietatea registered a profit of lei 543.14 million, the equivalent of euro 127.24 million. The net asset value raised from the beginning of the year by 8.44% and it decreased by 1.38% compared to the [...] SIF Banat-Crisana (SIF1) Monday, July 18, 2011 The net asset value registered at the end of the first semester by SIF Banat-Crisana (SIF1) was in value of lei 1.44 billion by 0.71% higher y-o-y. The net asset value per unit was 2.6298 lei per share and rose by 27.19% in the last three years. In [...] Macroeconomics Monday, July 18, 2011 The medium and long term external debt at the end of May 2011 stood at euro 74.56 billion (78.7% of total external debt), 2.9% above the level recorded at the end of 2010. Short-term external debt at end-May 2011 totaled euro 20.15 billion (21.3% [...] SIF Oltenia (SIF5) Friday, July 15, 2011 In late June, the net asset of SIF Oltenia (SIF5) was in value of lei 1.68 billion, by 0.2% less m-o-m. The net asset value per unit was lei 2.9046 per share. In the first semester, the profit obtained was lei 29.47 million, representing 32.91% of [...] Macroeconomics Friday, July 15, 2011 In the first five months of 2011, the balance-of-payments current account posted a deficit of euro 1.81 billion, 37.7% lower y-o-y, due mainly to the decrease in trade deficit by 23.9% and the increase in current transfers surplus by 85.8% (on the [...] iFond Gold (IFG) Friday, July 15, 2011 Gabriel Resources announced that it had been granted the archaeological discharge certificate for the Carnic gold and silver open pit of Rosia Montana Company, located in Romania. Jonathan Henry (Gabriel Resources President and CEO) commented: "The [...] Transelectrica (TEL) Thursday, July 14, 2011 The Board of Transelectrica convened the General Meeting of the Shareholders for August 19, to approve the corrected revenues and expenses budget for 2011. By the new corrected revenues and expenses budget, the company estimates to obtain a gross [...] iFond Financial Romania (IFR) Thursday, July 14, 2011 In June, the net asset value of iFond Financial was lei 207.79, by 1.49% down compared to May. The biggest weight in the assets of the fund unit was the Fondul Proprietatea (FP) with 30.53% (increased compared to May, when it registered 22.31%), [...] SIF Moldova (SIF2) Wednesday, July 13, 2011 In June, the net asset value of SIF Moldova decreased by 1.33% month-over-month, down to 2.3139 lei/share. The discount of the SIF2 shares that are traded on the Bucharest Stock Exchange is 44,6% taking into account the yesterday’s closing price. [...] Transgaz (TGN) Wednesday, July 13, 2011 The General Meeting of the Shareholders of Transgaz (TGN) approved the income and expenditure budget for 2011. The management of the company estimates that it’s going to obtain a turnover in value of lei 1.22 billion, by lei 154.4 million less [...] Dafora (DAFR) Tuesday, July 12, 2011 Dafora (DAFR) signed for four years a framework drilling contract with OMV Petrom in value of euro 23 million. The work on 300E Abramut, the first drill, is going to be made with an Italian original model drill MR8000, starting with the end of [...] Macroeconomics Tuesday, July 12, 2011 In May 2011, according to preliminary estimations of the National Institute of Statistics, FOB exports amounted to lei 15.68 billion (euro 3.82 billion) and CIF imports amounted to lei 20.3 billion (euro 4.94 billion). Compared to May 2010, exports [...] Macroeconomics Monday, July 11, 2011 The annual inflation rate decreased in June to 7,93%, due to lower prices of food commodities by 1.3%, according to the National Institute of Statistics release. Compared to May, the consumer prices decreased by 0.29%, while from the begging of the [...] Macroeconomics Monday, July 11, 2011 In May 2011, the industrial production, adjusted series with the number of working days and seasonally, increased by 16% compared to the last month, according to the National Institute of Statistics. The increase was registered due to the [...] Prodplast (PPL) Friday, July 08, 2011 The Romanian National Securities Commission approved the prospectus for the mandatory public takeover offer of Prodplast initiated by the Central European Financial Services, ECDL Romania and Floreasca Development, which owns in concert a number of [...] OMV Petrom (SNP) Friday, July 08, 2011 OMV Petrom announces that has found a gas field which might represent the most important onshore gas discovery in Romania during the last six years. Mr. Johann Pleininger, member of the Petrom Executive Board, responsible for Exploration and [...] OMV Petrom (SNP) Thursday, July 07, 2011 The Ministry of Economy published the Prospectus regarding the Secondary Public Sell Offer of 5,573,780,260 SNP shares, representing 9.84% of the OMV Petrom (SNP) shares. The maximum price for subscription is lei 0.46 per share, that being the [...] Fondul Proprietatea (FP) Thursday, July 07, 2011 Franklin Templeton, the fund manager and sole administrator of Fondul Proprietatea (FP) proposed the Warsaw Stock Exchange for the secondary listing of the fund shares in the first quarter of 2012.. The Fund administrator consider that a secondary [...] Macroeconomics Wednesday, July 06, 2011 According to the National Institute of Statistics, the turnover of the total industry (domestic and foreign market), in nominal terms, increased by 10.3% compared to the previous month due to the increases in manufacturing (+10.6%) and in extractive [...] Macroeconomics Wednesday, July 06, 2011 In May, the volume of construction adjusted with the number of working days and seasonality series declined by 2.9%. The volume of construction works on non-residential buildings increased 9%. The engineering constructions and the non-residential [...] Macroeconomics Tuesday, July 05, 2011 According to the National Institute of Statistics, the turnover’s volume in retail trade (except for the vehicles and motorcycles) increased in May 2011 by 1.1% (gross series), compared to the previous month, due to the increases registered on [...] Macroeconomics Tuesday, July 05, 2011 In May 2010, the gross nominal average earning was lei 2,008, by 2.8% lower than the previous month, according to the National Institute of Statistics. The net average earning was 1,458 lei, and it had a decrease of lei 40 (by -2.7% down) compared [...] Banca Transilvania (TLV) Monday, July 04, 2011 The President of Banca Transilvania, Mr. Horia Ciorcila, together with Mr. Georgios Christofourou, the general manager of Bank of Cyprus Romania, and other persons indicted by the prosecutors of the Directorate for Investigating Organized Crime and [...] Macroeconomics Monday, July 04, 2011 In May 2011, the total industrial output prices (domestic and foreign market) have decreased by 0.3% compared to the previous month and increased by 8.0% to May 2010. By destination, the prices of industrial production for the domestic market were [...] Macroeconomics Friday, July 01, 2011 In May 2011, were issued 4,236 building permits for residential buildings, up by 34.7% compared to April 2011 and by 6.7% up y-o-y, according to the National Institute of Statistics. 66.5% of the building permits were for rural areas. Compared to [...] Alro (ALR) Friday, July 01, 2011 The management of Alro (ALR) announced that it has been informed of the decision of its majority shareholder Vimetco, together with its minority shareholder Conef, that they have chosen to postpone the Secondary Public Offering of the ordinary Alro [...] Macroeconomics Thursday, June 30, 2011 According to the opinions expressed by the managers of the companies, they are expecting a moderate growth in manufacturing, retail and services and a growth in the construction sector for the period June-August 2011, compared to the previous three [...] Macroeconomics Thursday, June 30, 2011 According to the opinions expressed by the managers of the companies, they are expecting a moderate growth in manufacturing, retail and services and a growth in the construction sector for the period June-August 2011, compared to the previous three [...]
Wednesday, June 29, 2011 At end-May 2011, non-government loans granted by credit institutions went up 1.5% (1.3% in real terms) from April 2011 to RON 207.67 billion. RON-denominated loans increased by 0.3% (0.1% in real terms), whereas foreign currency-denominated loans [...] Macroeconomics Wednesday, June 29, 2011 At end-May 2011, non-government loans granted by credit institutions went up 1.5% (1.3% in real terms) from April 2011 to RON 207.67 billion. RON-denominated loans increased by 0.3% (0.1% in real terms), whereas foreign currency-denominated loans [...] Transelectrica (TEL) Tuesday, June 28, 2011 The Transelectrica company announced that it was published the project of a Government Decision that offers to the investors, the subscription of new issued shares based on the social capital increase by 12%, on a Initial Public Offer, along with [...] Macroeconomics Tuesday, June 28, 2011 The Ministry of Finance announced that the general consolidated budget execution in the first five months of 2011 closed on a deficit of lei 7.4 billion, namely 1.36% of the GDP. The revenues collected to the general budget were lei 70,7 billion, [...] Broker Cluj (BRK) Monday, June 27, 2011 The General Extraordinary Meeting of the Shareholders of Broker Cluj (BRK) approved the increasing of the equity by lei 12,302,546.5, from lei 72,367,920.25 to lei 84,670,466.75 respectively, issuing a number of 49,210,186 shares. The sources of [...] Macroeconomics Monday, June 27, 2011 In the first quarter of 2011, the unemployment rate was 7.6%, increased by 4.1% compared to the previous quarter, and decreased y-o-y (8.1%). The rate of working age population (15-64 years old) was 58%, slightly increased by 1% compared y-o-y and [...] Bursa de Valori Bucuresti (BVB) Monday, June 27, 2011 The Extraordinary Meeting of the Shareholders of the Bucharest Stock Exchange (BVB) didn’t meet by lack of quorum. On the first convocation, there were present shareholders that own 3,468,994 shares, representing 45.20% of the voting rights, [...] The Bucharest Stock Exchange (BVB) Friday, June 24, 2011 The Bucharest Stock Exchange (BVB) was included in the Dow Jones Global Exchanges Index, an index that measures the performance of all publicly traded stock exchanges and trading floors. BVB was effectively included in the index after the close of [...] Carbochim (CBC) Friday, June 24, 2011 SSIF Broker Cluj had sold yesterday its Carbochim stake by selling 444.404 shares (11.4466% from the equity) at the price of lei 8 per share. On the same day, SIF Banat-Crisana (SIF1) had sold also its stake of 508,064 CBC shares (13.0863% from the [...] Sicomed (SCD) Thursday, June 23, 2011 On 22.06.2011, Sicomed (SCD) closed a loan contract with Sanofi (France), by which Sicomed lent to Sanofi euro 50 million. The loan was contracted for 3 months and the applied rate was at ROBOR level -0.15%. The stipulated penalty for a failure to [...] Comcm (CMCM) Thursday, June 23, 2011 The Managing Board of Comcm (CMCM) convened the General Meeting of the Shareholders for 25.07.2011. The calculation and correction of the net asset value based on the adjusted value of the company on 31.12.2010, the analysis of the financial year [...] Broker Cluj (BRK) Thursday, June 23, 2011 Until June 20, 2011, Broker Cluj purchased a number of 1.16 million shares representing 0.4% of the equity. The buyback program was started on May 31, 2011. Because of the low liquidity of the shares, Broker Cluj notified the increase to 50% on the [...] Dafora (DAFR) Wednesday, June 22, 2011 The Board of Dafora convene the Extraordinary Meeting of the Shareholders for 25.07.2011, to approve the capital increase by lei 5,124,091.20, from 97,357,733.5 lei to lei 102,481,824.70 respectively, by releasing a number of 51,240,912 new [...] Oltchim (OLT) Wednesday, June 22, 2011 The significant shareholder of Oltchim, PCC SE announced that act in concern with another four shareholders. Thus, PCC SE, which individually hold 17.2822%, together with Nachbar Services Limited who own 14.0250% and Zaremba Wojciech, Lamentowic [...] Omv Petrom (SNP) Tuesday, June 21, 2011 Petrom made the first power deliveries to the grid as part of the tests run at Brazi combined cycle gas fired power plant (CCPP) which is the final testing stage before starting the commercial operation of the plant. This is the largest private [...] Mechel Targoviste (COS) Tuesday, June 21, 2011 The Managing Board of Mechel Targoviste convened the General Meeting of Shareholders for July 27, 2011, the shareholders being called to ratify the contracting of Mechel Tragoviste together with Ductil Buzau, Laminorul Braila and Mechel Campia [...] New Europe Property Investment (NEPI) Monday, June 20, 2011 The company advises that it has placed a total of 9.564.245 new ordinary shares at a price of euro 3 per share, pursuant to a placing for cash, raising gross proceeds of approximately euro 29 million. Application has been made for the new shares to [...] Somes (SMS) Monday, June 20, 2011 The Managing Board of Somes (SMS) convened the General Meeting of Shareholders for July 25, 2011. The agenda includes the approval of selling, by open auction, of the company’s assets consisting of a land and buildings from Dej city, the auction [...] NEW Europe Property Investment (NEP) Friday, June 17, 2011 The NEW Europe Property Investment fund will be traded starting with Monday June 20, 2011 on the BVB as symbol NEP. The fund has 76,933,734 shares with a nominal value of euro 0.01. NEPI is currently listed on the AIM Market of the London Stock [...] Bucharest Stock Exchange (BVB) Friday, June 17, 2011 The Index Committee modified the BSE indices structure, this will enter into force starting by Monday June 20, 2011. Banca Romana pentru Dezvoltare (BRD) shares are going to have 20% from the new structure of BET index, also the weight of the Banca [...] Fondul Proprietatea (FP) Thursday, June 16, 2011 The net asset value on May 31, 2011 of the Fondul Proprietatea (FP) was lei 16,40 billion being around the end of the first quarter. In present, FP shares are traded by a discount of 59.22% compared to NAV, which is in value of lei 1.1919 per share, [...] Electroarges (ELGS) Thursday, June 16, 2011 The General Meeting of the Shareholders of Electorarges (ELGS) approved the equity increase from lei 2,862,028, representing 28,620,280 shares with a nominal value of lei 0.1 per share, to lei 8.586.084, by issuing a further number of 57.240.560 [...] SIF Oltenia (SIF5) Wednesday, June 15, 2011 In late May, the net asset of SIF Oltenia (SIF5) was in value of lei 1.69 million by 3.7% higher m-o-m. The net asset value per unit was lei 2.9105. In the first 5 months, the profit obtained was in value of lei 25.16 million, double compared to the [...] Retrasib (RTRA) Wednesday, June 15, 2011 Retrasib had made for H1 2011 a turnover in value of lei 21.87 million (preliminary data) by 7.84% higher compared to the estimated value from the income and expenditure budget for H1 2011. The total revenues dropped by 6,38% to lei 22 million [...] SIF Muntenia (SIF4) Wednesday, June 15, 2011 On 31.05.2011, the net asset value per unit of SIF Muntenia registered a value of lei 1.8652 up by 1,1% compared to April. In the first 5 months, the profit obtained by the company was lei 3.8 million which represent 5,84% from the estimated profit [...] Macroeconomics Tuesday, June 14, 2011 The current account payments balance recorded a deficit of euro 1.15 billion in Q1 2011, down by 46.4% y-o-y, being influenced by the trade balance reduction by 41.3% and by the increase of the current transfers surplus by 89.9%. In 30 April 2011, [...] SIF Transilvania (SIF3) Tuesday, June 14, 2011 On May 31, the net asset of SIF Transilvania (SIF3) was in value of euro 1.52 billion, the net asset value per unit was lei 1.3928 per share, decreasing by 0.68% m-o-m. In present, SIF Transilvania (SIF3) shares are traded with a discount of 60% [...] Macroeconomics Tuesday, June 14, 2011 In 2010, the unemployment rate was 7.3% and increased by 6.9% y-o-y and the employment rate of working age population (15-64 years old) was 58.8% slightly up by 0.2 percent points y-o-y, according to the International Labor Office (ILO). The [...] Transgaz (TGN) Friday, June 10, 2011 The Transgaz shareholders approved today the distribution of dividend amounting to lei 338.73 million which represents 90% of net profit obtained in 2010. Thus, the gross dividend received for one share will be lei 28.77. The payment of dividends [...] Macroeconomics Friday, June 10, 2011 The annual inflation rose in May to 8.41%, due to higher prices of food commodities to over 11%, announced today the National Institute of Statistics. Non-food goods and services increased by 7.70% and by 4.65% respectively. Compared to April, the [...] Macroeconomics Thursday, June 09, 2011 According to the preliminary estimates by the National Statistics Institute, after the first four months Romania's trade deficit was euro 2.4 billion, 18.4% lower than that registered in the same period last year. Exports FOB achieved in the first [...] Macroeconomics Thursday, June 09, 2011 The industrial production, fell in April from 0.2% the previous month (number adjusted for the number of working days and seasonally) due to lower manufacturing industry (-1.1%). Mining and manufacturing and supplying electricity, gas, steam and air [...] Macroeconomics Wednesday, June 08, 2011 The National Institute of Statistics has revised upwards by 0.1 percentage points the first estimates of economic growth in the first quarter. Thus, the Gross Domestic Product (GDP) was, in real terms, by 0.7% higher compared with the last quarter [...] Transgaz (TGN) Wednesday, June 08, 2011 The legal framework for the Nabucco Pipeline has been finalized today with the signing - in Kayseri, Turkey - of the Project Support Agreements (PSAs) between NABUCCO Gas Pipeline International GmbH and the responsible ministries of the five transit [...] Broker (BRK) Tuesday, June 07, 2011 Broker Cluj repurchased 270,500 own shares between May 31 and June 3, 2011 based on the buyback program that was approved in the General Meeting of the Shareholders in March. The average price at which the repurchases were done was 0.2604 lei/share. [...] Macroeconomics Tuesday, June 07, 2011 In April 2011, the volume of constructions declined by 0.3% compared to the previous month as adjusted with the number of business days and seasonality series. The volume of construction works on non-residential buildings increased by 9.7%. The [...] Macroeconomics Monday, June 06, 2011 The new orders in industry fell in April 2011 by 5.1% (in nominal terms) compared with March, due to decreases recorded in all industrial groups: household goods industry (-16.8%), industry durable goods (-13.1%), capital goods industry (-4.0%) and [...] Macroeconomics Monday, June 06, 2011 The industry turnover fell in April 2011 by 11.3% compared to the previous month. The declines were recorded in all sectors: capital goods industry (-22.7%), intermediate goods (-9.4%), durable goods industry (-8.0%), energy industry (-6.1%) and [...] Macroeconomics Friday, June 03, 2011 In the first quarter of 2011, net investments in national economy fell by 2.9% y-o-y. In new construction works the investments dropped by 6.1%, while in equipment (including transport) sector decreased by 2.0%. Growth was recorded in other expenses [...] Macroeconomics Friday, June 03, 2011 In April 2011, the turnover volume of retail trade (except trade of motor vehicles and motorcycles) increased compared to the previous month as gross series 0.4%, while adjusted with the number of business days and seasonality series decreased by [...] iFond Financial Romania (IFR) Thursday, June 02, 2011 The net asset value of iFond Financial Romania dropped in May with the value of the distributed dividends in value of 456,000 lei (which represents 11.4 lei/unit). Thus, the fund unit at the end of May was 210.95 lei, down 10.72% compared to April. [...] Macroeconomics Thursday, June 02, 2011 The total industrial output prices were in April at the same level compared to the previous month. After destination, the prices of the industrial production for the domestic market registered an increase of 0.3%, while the prices of industrial [...] Fondul Proprietatea (FP) Wednesday, June 01, 2011 The Property Fund (FP) continued last week the repurchasing of its own shares. Thus, between 23 and 27 of May, there were repurchased 26.23 million shares, which represent 13.14% of the volume registered on the main market. Average prices at which [...] Macroeconomics Wednesday, June 01, 2011 Managers of the companies surveyed by the National Institute of Statistics estimate growth in industry, commerce, services and construction in the next three months. They also estimate that in the next period there will increase the number of [...] Broker (BRK) Monday, May 30, 2011 As of tomorrow, Broker Cluj will proceed to repurchase its own shares, as it was approved at the General Meeting of Shareholders of March. There will be repurchased a maximum of 5,789,000 shares (maximum of 2% of the Broker’s capital) at a value [...] Pension Funds Monday, May 30, 2011 The weight of stocks in the pension fund assets soared from 12.35% at the end of 2010 to 15.08% on March 31, 2011. The same trend, but not so strong, had also the units in collective investment schemes - from 0.53% to 0.74%. The value of assets [...] Macroeconomics Friday, May 27, 2011 The Ministry of Finance announced that the general consolidated budget execution in the first four months of 2011 closed with a deficit of lei 4.4 billion, namely 0.8% of the GDP. Amid increasing revenues and expenditures within the limits of the [...] Oltchim (OLT) Friday, May 27, 2011 The management of Oltchim announced that it had made an offer to OMV Petrom for buying the Arpechim-Pitesti refinery, the raw material supplier of the company. The activity of the refinery was permanently closed on March 24, 2011 by OMV Petrom, [...] Fondul Proprietatea (FP) Thursday, May 26, 2011 While the individual shareholders of the Property Fund (FP) have sold their ownership stake, the institutional investors, both Romanian and foreign, have increased their holdings in the Fund. Around half of the FP shares traded on the Bucharest [...] Macroeconomics Thursday, May 26, 2011 Unemployment rate recorded at the end of April 2011 at the national level was 5.41%, by 0.51 percentage points lower than in March of 2011 and by 2.66 percentage points lower y-o-y. The total number of unemployed registered at the National Agency [...] Macroeconomics Wednesday, May 25, 2011 In April 2011, the non-guvernamental credit granted by the credit institutions increased by 0.3% (-0.3% in real terms) m-o-m, up to a level of lei 204.62 billion. The lei credit increased by 1.5% (0.8 in real terms), while the foreign currency [...] Unirea Shopping Center (SCDM) Wednesday, May 25, 2011 In the first quarter of the current year, the company Unirea Shopping Center (SCDM) registered a net profit in value of lei 3.06 million, standing at half y-o-y. The company’s operating revenues reduced by 19% to lei 18.4 million, while the [...] Teraplast (TRP) Wednesday, May 25, 2011 The company Teraplast finalized the implementation of the second of the three training programs for its employees, co-financed from the European Social Fund, through the Operational Program for Human Resources Development 2007 - 2013, “Invest in [...] Oltchim (OLT) Tuesday, May 24, 2011 The management of Oltchim (OLT) announced to start the first petrochemical plant on Arpehim Pitesti platform, until the end of May. Starting with May 19, 2011 were put into operation the ramps for unloading raw materials and the flare system for the [...] Alumil (ALU) Tuesday, May 24, 2011 The management of the company Alumil (ALU) has signed a contract with the Ministry of Economy by giving a grant for a new modern processing aluminum factory in Filipestii de Padure, Prahova district. The total value of the project is lei 25.11 [...] Perla Covasnei (PELA) Tuesday, May 24, 2011 In the first three months of the year, the turnover of the company Perla Covasnei (PELA), registered a value of lei 1.9 million, by 2,5 times down y-o-y. The same situation was registered by the total revenue, in decrease by lei 3.25 million to [...] Bucharest Stock-Exchange (BVB) Monday, May 23, 2011 The Board of Directors of the Bucharest Stock Exchange (BSE) convened on June 24 an Extraordinary General Meeting of Shareholders to approve the share capital decrease from the current value of lei 76,741,980 to lei 38,370,990. If will be approved, [...] Decisions of the Board of Governors of BSE Monday, May 23, 2011 The trading session of the Bucharest exchange will be extended by 15 minutes, from 4:30 p.m. to 4:45 p.m. to overlap with the NYSE trading schedule; the modifying date will be announced later. The Board of Governors of the Bucharest Stock Exchange [...] OMV Petrom (SNP) Friday, May 20, 2011 Five new key-wells contribute around 6% of Petrom daily gas production in Romania, the obtained production being a result of the re-development and exploration programs realized in order to compensate the natural decline and to unlock their [...] Bucharest Stock Exchange (BVB) Friday, May 20, 2011 On 19.05.2011, there was recorded the highest number of futures contracts traded in 2011 on the Bucharest Stock Exchange Derivates Market, namely 324 futures contracts, most of them being GOLD Futures contracts. GOLD Futures contract benefits are [...] Alro (ALR) Thursday, May 19, 2011 Today, Alro (ALR) announced the intention of its shareholders, Vimetco N.V si Conef S.A that holds in concert 87.96% from the company, to sell up to 20.96% from the Alro shares in a Secondary Public Offer on the Bucharest Stock Exchange. The [...] Transelectrica (TEL) Thursday, May 19, 2011 The management of Transelectrica (TEL) estimates for this year operating incomes in value of lei 2.70 billion (increased by 4.48% y-o-y) in which revenues from transport services in value of lei 1.03 billion as well as revenues from technological [...] Albalact (ALBZ) Thursday, May 19, 2011 In the first quarter of 2011 Albalact (ALBZ) obtained a gross profit almost halved of 3.09 million lei y-o-y, one of the factors that had influenced being the operating profit decreasing by 77.25% to lei 867,922 y-o-y. The financial profit increased [...] Fondul Proprietatea (FP) Wednesday, May 18, 2011 The manager of the Proprietatea Fund has started the buy-back program approved by the shareholders last year that allows the Fund to repurchase its own shares on the open market. Thus, between 11 - 13 May 2011, there were repurchased 7,538,300 [...] Boromir Prod (SPCU) Wednesday, May 18, 2011 The manufacturer of milling and bakery products Boromir Prod (SPCU) sold in the first quarter of 2011 in value of lei 30.24 million, a 35% increase over the same period last year. According to the company's management, the added value rose by 17% [...] SIF Banat Crisana (SIF1) Tuesday, May 17, 2011 In April, the net asset value of SIF Banat Crisana increased by 1.63% month-over-month, up to 2.5842 lei/share. The discount the SIF1 shares are traded on the Bucharest SE is 41% taking into account the yesterday’s closing price. If on March 31 [...] Farmaceutica Remedia (RMAH) Tuesday, May 17, 2011 For the first quarter of 2011, Farmaceutica Remedia reported a net profit of lei 2.52 million, by 36.57% higher than the same period last year. According to the company’s management, the net sales increased by 15.82% y-o-y, more than the overall [...] SIF Muntenia (SIF4) Tuesday, May 17, 2011 The losses posted in the first quarter by SIF Muntenia (SIF4) were cut to the half at the end of April, reaching lei 2.06 million. In the same period last year, SIF Muntenia earned a profit of lei 7.45 million. The company's net asset value slightly [...] Fondul Proprietatea (FP) Monday, May 16, 2011 In the first quarter of 2011, Fondul Proprietatea had a net profit of lei 14.1 million and total shareholders’ equity of lei 13.18 billion. On 31 March 2011 the net asset value registered a value of lei 16.45 billion, or lei 1.1942 per share, [...] SSIF Broker (BRK) Monday, May 16, 2011 SSIF Broker registered a net profit of lei 2.28 million in the first quarter of 2011, increased by 90.1% up compared to the last three months of 2010. The result was achieved after reaching total revenues in value of lei 7.28 million, while the [...] Macroeconomics Monday, May 16, 2011 In the first quarter of 2011 the current account of payments balance registered a deficit of lei 634 million, in decrease by 58.9% y-o-y, because of the balance trade’s deficit reduction by 64.6% and the increasing of current transfers’ surplus [...] Macroeconomics Friday, May 13, 2011 The GDP for the 2011 first quarter, in real terms, increased by 0.6% compared to the 2010 fourth quarter (seasonally adjusted series), according to the National Institute of Statistics. GDP registered an increase by 1.6% on the gross series and by [...] Antibiotice (ATB) Friday, May 13, 2011 The gross profit of Antibiotice registered a positive trend in 2011 first quarter, reaching a value of lei 16.43 million (Euro 3.1 million) and the net profit increased by 22.5% to lei 13.27 million. In January – March 2011, the company’s [...] Impact (IMP) Friday, May 13, 2011 The Impact (IMP) gross profit had an increase of 3.5 time higher y-o-y, reaching a value of lei 1.64 million compared to the 2010 value of lei 469.305. This has been possible due to the operating expenses reduction, that has been decrease by 19% [...] Banca Carpatica (BCC) Thursday, May 12, 2011 In the first quarter of 2011 Banca Comerciala Carpatica (BCC) registered a loss in value of lei 13.5 million, by 76.48% down y-o-y. According to the management of the company, the loss was under the value forecasted for this period. The bank’s [...] Teraplast (TRP) Thursday, May 12, 2011 The Teraplast net turnover increased in the first quarter of 2011 by 11%, compared to the same period of last year, as a result of the increase in the sold volumes, on one hand, and the other hand, as a result of the sales price increment. The net [...] Rompetrol Well Services (PTR) Thursday, May 12, 2011 In the first quarter of the year, the financial results of Rompetrol Well Services (PTR) registered increases, in direct correlation to the fact that the company has no bank loans and the program funding activity is made from its own sources. The [...] OMV Petrom (SNP) Wednesday, May 11, 2011 In the first quarter of 2011, OMV Petrom (SNP) had a net profit of lei 841 million, by 4% higher y-o-y. The increase was influenced by the favorable crude price environment and the effects of previously implemented cost saving measures. For the [...] Oltchim (OLT) Wednesday, May 11, 2011 On 09.05.2011, Oltchim (OLT) had made a purchase sales agreement with OMV Petrom by acquiring assets from the oxygen-nitrogen plant belonged to OMV Petrom. These assets were: a buildup area of approximately 21,000 square meters and buildings of 5000 [...] Macroeconomics Wednesday, May 11, 2011 The Romania’s FOB exports in the first quarter of 2011 were in value of lei 46.64 billion (euro 11.01 billion) and the CIF exports were in value of lei 52.60 billion (euro 12.42 billion). Compared to the first quarter of 2010, the exports raised [...] Transelectrica (TEL) Tuesday, May 10, 2011 In this year’s first quarter Transelectrica (TEL) registered a gross profit of 150.604.124 lei, by 116.784.869 higher than the one budgeted and by 184,71% higher y-o-y. This result is coming after the operating incomes growth by 6.3% and from the [...] Condmag (COMI) Tuesday, May 10, 2011 The General Meeting of the Shareholders of the Condmag (COMI) approved the revenues and expenditure budged forecasted for 2011. The Management of the company forecasts a net profit in value of lei 15 million, on the same level as the one achieved [...] Macroeconomics Tuesday, May 10, 2011 The inflation rate for April 2011 was raised to 8.34% compared to April 2010, and m-o-m to 0.66% higher. The averaged price growth for the last 12 months (May 2010- April 2011) was 7.2% higher compared to the previous period ( May 2009 – April [...] Broker (BRK) Friday, May 06, 2011 The Managing Board of Directors of Broker (BRK) convenes for 25.06.2011 the Extraordinary General Meeting of the Shareholders. On the agenda are issues like the increasing of the equity by lei 12,3 million by issuing a number of 49,210,186 new [...] Transgaz (TGN) Friday, May 06, 2011 Nabucco Gas Pipeline International GmbH today announces a revised timeline for the Nabucco pipeline project. The timeline has changed as a direct result of the changes in the timing for gas supplies in the Caspian and Middle East regions, as [...] Macroeconomics Friday, May 06, 2011 In March 2011, the gross averaged salary was lei 2056, by 5.8% higher m-o-m while the net averaged salary was lei 1493, up to lei 79 compared to the previous month. The most significant increases of the net averaged salary were registered in tobacco [...] Transgaz (TGN) Thursday, May 05, 2011 Standard & Poor's Ratings Services said today that it had affirmed its 'BB+' long-term foreign currency rating and 'BBB-' long-term local currency rating on Romanian natural gas transmission system operator S.N.T.G.N. Transgaz S.A. Medias. The [...] Oltchim (OLT) Thursday, May 05, 2011 For the first quarter of 2011, the chemical plant Oltchim (OLT) reported a loss of lei 2.64 million, substantially lower than the same period last year, when the loss was lei 52 million. The company's turnover increased y-o-y by 93%, up to lei [...] Macroeconomics Thursday, May 05, 2011 In March 2011, the overall industrial turnover increased y-o-y by 21.2% due to growth in manufacturing (22.1%) and extractive industry (+1.9%). Compared to the previous month, the total turnover in industry increased by 17.7% due to increases in [...] iFond Financial Romania (IFR) Wednesday, May 04, 2011 The manager of iFond Financial Romania (IFR) further reduced its stake in the Property Fund shares to 22.52% in April 2011, down from 50.47% YTD and from 26.48% at the end of the previous month. The Fund increased its stake in shares issued by the [...] The National Bank of Romania Wednesday, May 04, 2011 The Board of the National Bank of Romania (NBR) decided to leave unchanged the monetary policy rate at an annual 6.25 percent, to continue to pursue an adequate management of liquidity in the banking system and to maintain the existing levels of [...] Macroeconomics Wednesday, May 04, 2011 In March 2011, the turnover of retail trade (except for the trade of motor vehicles and motorcycles) increased compared to the previous month by 18.6% (in gross number), and by 0.8% as the series adjusted by the number of working days and [...] Banca Romana pentru Dezvoltare (BRD) Tuesday, May 03, 2011 The management of Banca Romana pentru Dezvoltare announced for the first quarter of 2011 a profit of 122 million lei (in accordance with Romanian Accounting Standards), down 38.7% y-o-y. The net banking income was 787 million lei and the gross [...] Ropharma (RPH) Tuesday, May 03, 2011 Ropharma’s management estimates for this year a turnover of lei 400 million and a profit of lei 14.35 million. The company’s shareholders met at the end of last week and approved as the profits earned by the company in 2010 to be assigned to the [...] Macroeconomie Tuesday, May 03, 2011 In March 2011, there were issued 3,373 building permits for residential buildings, up by 47.7% compared to February 2011, but down 2.1% y-o-y. The regional distribution highlights m-o-m an increase of the number of building permits issued for [...] Banca Transilvania (TLV) Monday, May 02, 2011 The shareholders of Banca Transilvania decided the capitalization of the reserves constituted from the profits of the previous years. As a result, each existing shareholder in the shareholders’ registry on May 20, 2011 (transaction date: May 17) [...] Bursa de Valori Bucuresti (BVB) Monday, May 02, 2011 The shareholders of the Bucharest Stock Exchange (BVB) approved the budget of income and expenses for 2011, by which it is estimated a net profit of lei 20.87 million, about four times higher than the one achieved in the previous year, grounded on a [...] Trangaz (TGN) Monday, May 02, 2011 The majority shareholder of Transgaz, the Ministry of Economy and Commerce, didn’t approve the financial statements for 2010 and the distribution of dividends from the profits earned in 2010. The representative of the Ministry of Economy and [...] Banca Transilvania (TLV) Friday, April 29, 2011 The net profit of Banca Transilvania (TLV) for the first quarter of this year is lei 31.76 million, double than the same period in 2010, when he was lei 16 million. Bank's operating profit for Q1 was lei 201.84 million, decreasing by 7% from March [...] Antibiotice (ATB) Friday, April 29, 2011 Shareholders of Antibiotice Iasi (ATB) has decided to increase the share capital by capitalizing the value of 9,035,041.90 lei (the net dividends from the fiscal year 2010 and undistributed net dividends from previous years) and distribution of [...] Impact (IMP) Friday, April 29, 2011 According to the Impact (IMP) management, the Court of Appeal upheld the appeal against the decision to initiate Impact of insolvency proceedings, which ruled in on 08/07/2010. The solution is final and irrevocable. The procedure for opening [...] Bursa de Valori Bucuresti (BVB) Thursday, April 28, 2011 The Managing Board of the Bucharest Stock Exchange decided to convene the Extraordinary General Meeting of the Shareholders on 24/25.06.2011. The main issues on the EGMS’s agenda are linked to the proposal of capital reduction by half, by [...] Teraplast (TRP) Thursday, April 28, 2011 Starting May 2, 2011 Stefan Bucataru will be the new CEO of Teraplast, after Florin Urite renounced at the managing director position for personal reasons. Stefan Bucataru is the owner and the director of Veldster Management & Consulting company, [...] Macroeconomics Thursday, April 28, 2011 Following a survey made by the Statistics Institute, during April-June 2011 it is expected a moderate increase in the manufacturing industry, retail and services and an increase in the construction sector, compared with the previous three months, [...] OMV Petrom (SNP) Wednesday, April 27, 2011 The General Meeting of the Shareholders of OMV Petrom (SNP) approved dividend distribution in value of lei 0.0177 per share and lei 101.71 million for the legal reserve. The dividend payment will be made starting June 1st. The registration date is [...] Macroeconomics Wednesday, April 27, 2011 The bank deposits of the population and the legal entities reduced by 0.5% compared to February 2011, down to lei 171.40 billion. The lei deposits of the domestic households decreased m-o-m by 0.35%, down to lei 65.66 billion, but increased by [...] iFond Financial Romania (IFR) Wednesday, April 27, 2011 In accordance with the decision of the Board of Directors of SAI Intercapital Investment Management, investment manager of the closed-end fund iFond Financial Romania (IFR), the dividend value is lei 11.40 per fund unit. The approved registration [...] SIF Moldova(SIF2) Tuesday, April 26, 2011 The Ordinary General Meeting of the Shareholders approved to distribute 48.5% off the net profit in gross dividends in value of lei 46.71 million (gross dividend value being lei 0.0900 per share). The company allocated lei 1.42 million off the net [...] Bursa de Valori Bucuresti (BVB) Tuesday, April 26, 2011 The Bucharest Stock Exchange (BSE) increased its operational profit with over 127% in the first three months of 2011, up to lei 3 million, compared to the first quarter of 2010, when it recorded lei 1.32 million. The raise of the operational profit [...] Farmaceutica Remedia (RMAH) Tuesday, April 26, 2011 The General Meeting of the Shareholders of Farmaceutica Remedia approved the revised proposal of the Board of Directors to distribute a gross dividend in value of lei 0.01 per share. The Board’s initial proposal was to distribute a gross dividend [...] SIF Muntenia (SIF4) Friday, April 22, 2011 On 22.04.2010, the day of the first gathering of SIF Muntenia’s (SIF4) Ordinary Meeting of the Shareholders, the meeting didn’t take place, because of lack of quorum, only a number of shareholders owning together 68,275,750 shares (8.46% of the [...] Ductil (DUCL) Friday, April 22, 2011 The General Meeting of the Shareholders of Ductil (DUCL) approved the allocation for dividend distribution of lei 5.74 million of the net profit, in value of lei 6.41 million. The gross dividend value is 0.0312 per share, having the same value as [...] Biofarm (BIO) Thursday, April 21, 2011 The General Meeting of the Shareholders of Biofarm (BIO), held on 19.04.2011, approved the allocation of the amount of lei 6.02 million, namely 41.77% off the net profit of 2010, for dividend distribution,of the gross dividend to be distribute being [...] SIF Moldova (SIF2) Thursday, April 21, 2011 On 21.04.2010, the day of the first gathering of SIF Moldova’s Ordinary and Extraordinary Meetings of the Shareholders, the two meetings didn’t take place, because of lack of quorum, only 9,818 shareholders having participated personally, [...] Impact (IMP) Thursday, April 21, 2011 The General Meeting of the Shareholders of Impact (IMP) approved the income and expenses budget for 2011 in which, compared to 2010, the company expects to raise its revenues by 13.10%, up to about lei 45 million, and to reduce the costs by 6.29%, [...] Romperol Rafinare (RRC) Wednesday, April 20, 2011 In an interview on 19.04.2011 Mr. Dmitry Grigoryev – the CFO of The Rompetrol Group (TRG) – reviews the Rompetrol Group’s results for the first financial quarter, highlighting the main contribution made by the Rompetrol Rafinare (RRC), that [...] Electrocontact (ECT) Wednesday, April 20, 2011 The General Meeting of the Shareholders of Electrocontact (ECT) approved the company’s financial statements for 2010, the company having registered total revenues of lei 8.16 million, down by 8.16% compared to 2009, when the total revenue was lei [...] VAE Apcarom (APC) Wednesday, April 20, 2011 The General Meeting of the Shareholders of VAE Apcarom (APC) approved the allocation for dividend distribution of lei 5.81 million off the net profit, the gross dividend to be distribute being lei 0.22 per share. The amount will come from the 2010 [...] Alumil (ALU) Tuesday, April 19, 2011 The General Meeting of the Shareholders decided not to distribute dividends off the net profit for 2010 in amount of lei 1.41 million (about six times lower than the 2009’s net profit of lei 8.35 million) and its incorporation in the reported [...] Electroarges (ELGS) Tuesday, April 19, 2011 The General Meeting of the Shareholders of Electroarges (ELGS) of 16.04.2011 rejected the proposal for dividend distribution of lei 5.7 million off the lei 7.58 million net profit for 2010 (0.2 lei gross dividend per share), proposal introduced on [...] Prodplast (PPL) Tuesday, April 19, 2011 Following the request of SC NORD SA, a significant shareholder (that holds 27% of the share capital of PRODPLAST), the management of PRODPLAST completed the agenda of the Extraordinary General Meeting of the Shareholders of 28/29.04.2011 with a new [...] Bursa de Valori Bucuresti (BVB) Monday, April 18, 2011 The Managing Board of the Bucharest Stock Exchange reviewed the 24 proposals for new issues on the General Meeting of Shareholders’ agenda received from some shareholders. After the requests had been checked in terms and forms to meet the [...] Casa de Bucovina (BCM) Monday, April 18, 2011 The management of Casa de Bucovina estimates for 2011 lei 689,330 profit, by 35% lower compared to 2010, backgrounded on revenues of lei 5.53 million. The proposed investment budget for 2011 will be lei 435,000, out of which 70% will go to the [...] PREFAB (PREH) Monday, April 18, 2011 The Extraordinary General Meeting of PREFAB Shareholders decided to buy back its own shares up to 10% of the company’s share capital (4,853,341 shares) within 18 months. The goal of acquiring their own shares is to distribute them to managers, [...] Bursa de Valori Bucuresti (BVB) Friday, April 15, 2011 The Managing Board of the Bucharest Stock Exchange received from a group of shareholders holding 5% in the company, a new request to complete the General Meeting of Shareholders’ agenda, by which they require the election of the Board Of Directors [...] Banca Romana pentru Dezvoltare (BRD) Friday, April 15, 2011 BRD’s shareholders approved the dividend payment for 2010 within two months after the General Meeting of Shareholders. The gross dividend is lei 0.17957 per share, down 36% compared to 2009 (when the gross dividend was lei 0.27947 per share). The [...] Prefab (PREH) Friday, April 15, 2011 The building material producer Prefab will make an investment of euro 5 million for the installation of a CHP in the Calarasi Plant. The investment will provide the necessary heat for the BCA branch of the plant and will provide 4MW for the national [...] Fondul Proprietatea (FP) Thursday, April 14, 2011 A shareholder holding more than 5% of the share capital of Fondul Proprietatea required the completion of the agenda of the Ordinary General Shareholders’ Meeting with the approval of distribution from 2010 profit of a gross dividend of RON [...] iFond Financial Romania (IFR) Thursday, April 14, 2011 The Board of Intercapital Investment Management, the manager of the closed investment fund iFond Financial Romania (IFR), proposed on the basis of the preliminary results for the financial year 2010 to grant the fund’s investors a gross dividend [...] Comelf (CMF) Thursday, April 14, 2011 Comelf Bistrita estimates through its incomes and expenses budget for the current year, a gross profit of EUR 1.7 million, more than eight times higher than that achieved last year, grounded on total incomes of EUR 33 million. Last year, the [...] Macroeconomics Wednesday, April 13, 2011 The National Bank of Romania announced that during January - February 2011 the current account of the balance of payments registered a deficit of EUR 44 million, compared with EUR 747 million over the same period of the previous year, due to the [...] Aerostar (ARS) Wednesday, April 13, 2011 Aerostar’s shareholders approved the distribution off the 2010’s net profit of a gross dividend of lei 0.07 per share and its payment until October 12, 2011. They also approved the capital increase by nearly lei 8.2 million by incorporating the [...] Bursa de Valori Bucuresti (BVB) Wednesday, April 13, 2011 Three shareholders of the Bucharest Stock Exchange required yesterday, April 12, 2011, the completion of the agenda of the Extraordinary General Meeting of Shareholders, convened for 29/30.04.2011, with a new issue, namely "The approval of the [...] Fondul Proprietatea (FP) Tuesday, April 12, 2011 On April 6, 2011 the Bucharest Court of Appeal rejected the appeal filed by Mrs. Ioana SFÎRAIALA against the Bucharest Court’s decision on the suspension of several decisions of the Fund’s General Shareholders Meeting from September 6, 2010. [...] SC THR Marea Neagra SA (EFO) Tuesday, April 12, 2011 The General Meeting of Shareholders THR Marea Neagra held on April 7, 2011 decided to distribute the profit left undistributed from year 2009, in value of lei 3.7 Mn, and also of a part from reserves reevaluation registered on December 31, 2010, in [...] Macroeconomics Monday, April 11, 2011 Consumer price index in March 2011 compared to February 2011 was 100.6% and compared to March 2010 was 108.01%. The total average price increase in 12 months against the previous 12 months is 6.8%. In March 2011 from the previous month, prices of [...] Macroeconomics Monday, April 11, 2011 In February 2011, exports FOB amounted to 14860.1 million lei (3495.5 million euro) and CIF imports amounted to 16518.5 million lei (EUR 3 887 million). Compared with February 2010, exports increased by 40.8% to values expressed in lei (36.4% in [...] Macroeconomics Friday, April 08, 2011 In the month of February 2011, industrial production increased from the previous month by 5.1% as gross series and by 0.3% as adjusted series for the number of working days and seasonality. Compared to the previous year, industrial output increased [...] Oltchim Rm. Valcea (OLT) Friday, April 08, 2011 The company in the chemical industry reported a significant shareholder Carlson Ventures International LTD. The following transactions dated on April 05, 2011 increased the Carlson holding from 9,483,028 OLT shares to 40,891,004 OLT shares, which [...] Proprietatea Fund (FP) Thursday, April 07, 2011 SC Fondul Proprietatea shareholder structure and total voting rights as at March 31, 2011 is of 36.79% for the Ministry of Public Finance, 28.28% for Romanian private individuals, 20.40% for foreign institutional shareholders, 8.66% for foreign [...] Macroeconomics Thursday, April 07, 2011 In the period January 01 to February 28, 2011, primary energy resources have decreased by 1% and electricity rose over the same period of the previous year by 8.6%. The main primary energy resources in this period amounted to 5359.7 thousand tones [...] Proprietatea Fund (FP) Wednesday, April 06, 2011 In a statement sent to the Bucharest Stock Exchange Proprietatea Fund reported a holding of over 5% stake in SC Alro SA Slatina, thus from 70,859,106 shares FP increased its holding to 71,575,114 shares, representing 10.03% of ALR share capital. [...] Macroeconomics Wednesday, April 06, 2011 In February 2011, industrial new orders, the total (domestic and foreign market), fell in nominal terms from the previous month by 16.1%. Compared to the previous year industrial new orders increased 24.5%. From the beginning of the year until the [...] OMV Petrom (SNP) Tuesday, April 05, 2011 After opening the financial bids submitted in the selection process of the secondary public offering intermediary to sell the shares in SC OMV Petrom SA the winning bid is the offer of mediation union made of Renaissance Capital Limited, EFG [...] Macroeconomics Tuesday, April 05, 2011 In February 2011, the gross nominal average earning was lei 1944, 1% lower than in the previous month. Net nominal average earning was lei 1414, down from the previous month by 10 lei. The highest values of net nominal average earning were [...] Macroeconomics Monday, April 04, 2011 In February 2011, industrial production prices in total (domestic and foreign market) recorded an increase of 0.8% compared to the previous month and increased by 10.9% over the same month in 2010. By main industrial groups are found price increases [...]
Monday, April 04, 2011 On March 31, 2011, foreign reserves at National Bank of Romania were in value of EUR 32,767 Mn, compared with EUR 32,068 Mn on February 28, 2011. Gold reserve was maintained at 103.7 tonnes. In terms of international price developments, its value [...] Macroeconomics Friday, April 01, 2011 During the March 31, 2011 meeting of the Board of National Bank of Romania there was decided to maintain the monetary policy interest rate at the level of 6.25% per year, proper management of liquidity in the banking system and the reduction in the [...] Vrancart (VNC) Friday, April 01, 2011 The General Shareholders Meeting met on March 31, 2011 in which the Board of Directors Report for 2010 was approved and financial statements for the same year, and also the net profit distribution per destinations. For 2011 there was approved a [...] SIF Oltenia (SIF5) Thursday, March 31, 2011 The Board of Directors of SIF Oltenia (SIF5) meet on March 30, 2011 and decided to reject the request made by some shareholders to introduce on the agenda the proposal to distribute a gross dividend of lei 0.125 per share, because applications do [...] Farmaceutica Remedia (RMAH) Thursday, March 31, 2011 The Board of Directors reviewed the proposal for allocationg the net profit for the fiscal year 2010 and decided to propose in the General Meeting dated on April 21, 2011 setting the gross dividend per share at a value of lei 0.01 compared with the [...] Alro (ALR) Wednesday, March 30, 2011 The Board of Directors Alro convened the General Meeting of Shareholders for April 30, 2011 having on the agenda the proposal to approve the extension of the Board members numbers from five to seven, and approval of individual and consolidated [...] Teraplast (TRP) Wednesday, March 30, 2011 The Board of Directors Teraplast convened the General Meeting of Shareholders for April 29/30, 2011. The agenda includes approval for financial statements of 2010, approval for Investment Program for 2011 and Revenue and Expenditure Budget for [...] Macroeconomics Tuesday, March 29, 2011 In February 2011, there were issued 2283 building permits for residential buildings, up by 31.2% m-o-m and up by 0.5% y-o-y. Since the beginning of the year, there have been issued 4,566 building permits for residencial building, up by 9.3% y-o-y. [...] Bursa de Valori Bucuresti (BVB) Tuesday, March 29, 2011 The Board of Directors of the Bucharest Stock Exchange convened the Extraordinary General Meeting of Shareholders for April 29, 2011 to approve the merger with SIBEX (The Sibiu Stock Exchange) and to mandate the Bucharest Stock Exchange’s Board [...] SIF Muntenia (SIF4) Tuesday, March 29, 2011 A group of shareholders holding more than 5% of SIF MUNTENIA (SIF4) required the introduction of a new point on the agenda of the General Meeting of Shareholders (GMS), proposing a gross dividend per share of lei 0.081, by 62% higher than the [...] Antibiotice (ATB) Monday, March 28, 2011 The Board of Directors of Antibiotice convened the General Meeting of Shareholders for April 28, 2011 having on the agenda the proposal to increase the share capital by issuing new shares as a result of capitalization amount of lei 9,035,041.90 from [...] Macroeconomics Monday, March 28, 2011 In the fourth quarter of 2010 the employment rate of working age population (15-64 years) was 57.9%. The unemployment rate was 7.3%. The employment rate of population aged 20-64 years was 62.3% at a distance of 7.7 percentage points compared to 70% [...] SNP Petrom (SNP) Friday, March 25, 2011 Petrom, the largest oil and gas producer in Southeastern Europe, announces the decision to permanently close Arpechim refinery. The decision was taken in the Supervisory Board meeting that took place on March 24, 2011, and is in line with Petrom’s [...] Proprietatea Fund (FP) Friday, March 25, 2011 The sole administrator of FP, Franklin Templeton, convened the General Meeting of Shareholders for April 27, 2011. On the agenda are included items regarding the approval of the financial statements for year 2010, and also the approval for net [...] Alro (ALR) Thursday, March 24, 2011 SC Alro SA has signed the financing contract with the Ministry of Economy as Managing Authority for the Operational Programme "Increase of economic competitiveness", planning to carry out the project "Strengthening and upgrading the productive [...] Boromir Prod (SPCU) Thursday, March 24, 2011 The Board of Directors of the milling and bakery company Boromir Prod convened the General Meeting of Shareholders for April 28, 2011. On the agenda will be discussed the approval for contracting from ING Bank NV Bucharest Branch of a credit worth [...] SIF Oltenia (SIF5) Wednesday, March 23, 2011 Following the NSC Ordinance No. 117 issued on March 23, 2011 the Board of Directors of SIF Oltenia is bound to change and complete the Annual General Meeting agenda dated for April 28/29, 2011. Thus one new item that will be added is regarded to the [...] SC Prodplast SA Bucuresti (PPL) Wednesday, March 23, 2011 The Company with activities in the plastics industry Prodplast SA reported Financial Investment Company Oltenia (SIF5) as significant shareholder. Following the transaction on the secondary market SIF5 has 2,927,945 PPL shares compared to 1,879,945 [...] Transgaz (TGN) Tuesday, March 22, 2011 The Board of Directors of the National Gas Transmission Company „Transgaz” convened the General Meeting of Shareholders for April 28, 2011. On the agenda are included items regarding the approval of the annual financial statements for 2010, and [...] Azomures (AZO) Tuesday, March 22, 2011 The General Meeting of Shareholders Azomues held on Marh 18, 2011 decided to approve the donation by SC Azomues SA to Targu Mures County of several properties included in the CF no 661/I/Mureseni, administratively situated in Str. Gh. Doja, no. 300. [...] Turbomecanica (TBM) Monday, March 21, 2011 The Board of Directors of Turbomecanica (TBM) convened the General Meeting of Shareholders for April 14, 2011. The agenda includes items regarding the approval of a loan contract signed with Transilvania Bank (TLV) for a credit in value of lei 3.4 [...] Erste Group Bank (EBS) Monday, March 21, 2011 The management board of Erste Group has decided to raise its original dividend proposal of EUR 0.65 to EUR 0.70 (2009 dividend: EUR 0.65) as a result of improved profitability in 2010 and excellent capital position of the bank. Erste Group increased [...] Zentiva (SCD) Friday, March 18, 2011 The Board of Directors of SC Zentiva SA convened the General Meeting of Shareholders for April 28, 2011. The agenda includes the approval of the financial statements for 2010 and also the approval of distribution of profit for 2010 and of the amount [...] Proprietatea Fund (FP) Friday, March 18, 2011 Starting with Monday, March 21, 2011, Proprietatea Fund will enter in the component of the Bucharest Stock Exchange indices. Thus the FP weight in the BET index will be of 19.96%, in the financial sector index BET FI will be of 29.95%, in the most [...] OMV Petrom (SNP) Thursday, March 17, 2011 Until March 16, 2011, the deadline for the submission of bids for the secondary public offering of 9.84% package of shares issued by SC OMV Petrom SA, six bids were submitted. These offers were made from the following entities: union formed by BCR, [...] Oil Terminal (OIL) Thursday, March 17, 2011 The company brings to the shareholders attention that the Ministry of Administration and Interior, through the specialized structures of the Romanian Police and gendarmerie, in cooperation with the Financial Guard and National Customs Authority and [...] SIF Banat Crisana (SIF1) Wednesday, March 16, 2011 The Board of Directors of SIF Banat Crisana, meet on March 15, 2011, decided to increase the dividend per share value, thus there will be subject to approval by the Annual General Meeting of Shareholders convened for April 27/28, 20011 the net [...] Farmaceutica Remedia (RMAH) Wednesday, March 16, 2011 The Board of Directors of Farmaceutica Remedia convened the General Meeting for Shareholders for April 21, 2011. On the agenda are included items regarding the approval of the financial statements for 2010, and also approval for profit of year 2010 [...] Proprietatea Fund (FP) Tuesday, March 15, 2011 On March 7, 2011, the Bucharest Court of Appeal ruled in favor of the appeal filed by Hidroelectrica and decided to cancel the decision for suspending the launching of Hidroenergetica. The decision of the Court of Appeal is irrevocable. Franklin [...] Alumil Rom Industry (ALU) Tuesday, March 15, 2011 The Board of Directors of Alumil convened the General Meeting of Shareholders for April 15, 2011. The agenda includes items regarding the discussion and approval of annual financial statements ended on December 31, 2010, and also the approval of the [...] Macroeconomics Monday, March 14, 2011 In the month of January 2011 the current account of balance of payments registered a deficit of EUR 15 Mn, down 86.5% compared to January 2010 because of the shift in the trade balance deficit to surplus. The current account deficit in January 2011 [...] Macroeconomics Monday, March 14, 2011 In January 2011, exports FOB amounted to lei 14596.3 Mn (EUR 3419.4 Mn), while CIF imports amounted to lei 15391.4 Mn (EUR 3605.6 Mn). Compared with January 2010, exports increased by 51.8% for values expressed in lei (47.8% in EUR), while imports [...] SIF Oltenia (SIF5) Friday, March 11, 2011 The Board of Directors of the Financial Investment Company Oltenia (SIF5) convened the General Meeting of Shareholders for April 28/29, 2011. The agenda includes the approval of the financial statements for 2010 and also the approval of profit [...] BRD – Groupe Societe Generale (BRD) Friday, March 11, 2011 The bank Board of Directors convened the General Meeting of Shareholders for April 14, 2011. The agenda includes the approval of the financial statements for year 2010 and also the approval of profit distribution, thus a gross dividend of lei [...] Macroeconomics Thursday, March 10, 2011 Consumer price index in February 2011 compared to January 2011 was 100.77%, while compared to February 2010 was 107.60%. Average price growth in the last 12 months (March 2010 - February 2011) against the previous 12 months calculated based on the [...] SC Prefab SA (PREH) Thursday, March 10, 2011 The Board of Directors of SC Prefab SA convened the General Meeting of Shareholders for April 14, 2011. The first item on the agenda refers to pledging one or more assets of a company in order to get loans from the banks to sustain the production [...] SIF Muntenia (SIF4) Wednesday, March 09, 2011 The Board of Directors of the Financial Investment Company Muntenia (SIF4) convened the General Meeting of Shareholders for April 22, 2011. The agenda includes the approval of the financial statements for 2010 and also the approval of net profit [...] Macroeconomics Wednesday, March 09, 2011 In January 2011 the industrial production fell compared with the previous month by 3.7% in gross series and advanced by 1% as adjusted series based on the number of working days and seasonality. Compared to last year corresponding month, industrial [...] SIF Banat Crisana (SIF1) Tuesday, March 08, 2011 The Board of Directors of the Financial Investment Company Banat Crisana (SIF1) convened the General Meeting of Shareholders for April 27, 2011. The agenda includes the approval of the financial statements for 2010 and also the approval of profit [...] SC Vae Apcarom SA Buzau (APC) Tuesday, March 08, 2011 The Board of Directors of the sole company providing railway equipment for railways, Metro and Tram convened the General Meeting of Shareholders for April 19, 2010. Among the proposals that are found on the agenda there is one regarding dividends, [...] SIF Transilvania (SIF3) Monday, March 07, 2011 The Board of Directors of the Financial Investment Company Transilvania (SIF3) convened the General Meeting of Shareholders for April 28, 2011. The agenda includes discussion and approval of the annual individual financial statements and also [...] SC Prefab SA (PREH) Monday, March 07, 2011 The Company initiated a program to repurchase their own shares for the purpose to distribute them to directors, executives and employees, or for settlement purposes of its own shares on the stock market within the limits approved by the General [...] Macroeconomics Friday, March 04, 2011 In the fourth quarter of 2010, investments made in the national economy fell by 5.3% over the fourth quarter of 2009, loss registered for all structure elements: the new construction works by 11%, other expenses and equipment by 6.7% and 0.4%. In [...] Ductil Buzau (DUCL) Friday, March 04, 2011 The wire manufacturer from Buzau reported for 2010 a turnover of lei 127 Mn, lei 3 Mn below the level registered in 2009, while net profit was of lei 6.47 Mn, similar to that in 2009. (Source: company communiqué) Bonds issued by Timis County (TIM28) Thursday, March 03, 2011 The NSC approved the initial public offering prospectus for the sale of bonds issued by Timis county with the object of 1,000,000 bonds at a sale price of lei 100 per bond. Each bond has a variable interest of EUROBOR6M+0.39%, while principal is [...] Macroeconomics Thursday, March 03, 2011 Gross Domestic Product estimated for the fourth quarter was of lei 159,842.7 Mn, down 0.6% over the fourth quarter of 2009. Activity increases were registered in agriculture, 7.4%, industry 5.8% and financial activities, 1.2%. A positive effect is [...] Commercial Bank Carpatica (BCC) Wednesday, March 02, 2011 The National Bank of Romania has not approved the appointment of Mr. Baco Mihai, as a member of the Supervising Board of Commercial Bank Carpatica, elected in the General Meeting of Shareholders held on October 9, 2010. (Source: company communiqué) Concefa (COFI) Wednesday, March 02, 2011 Today started trading the shares issued by SC Concefa SA Sibiu on the regulated market administered of BSE, Equity Sector, Category 1 Shares. The residential and large and complex non-residential buildings constructor and infrastructure, SC Concefa [...] Macroeconomics Tuesday, March 01, 2011 On February 28, 2011 the currency reserves at the National Bank of Romania were in value of EUR 32,068 Mn, compared to EUR 32,689 on January 31, 2011. During the month there were inputs of EUR 750 Mn and outputs in value of EUR 1371 Mn. Gold reserve [...] Prospectiuni (PRSN) Tuesday, March 01, 2011 The provider of geophysical expertise with over 55 years in the Romanian Oil and Gas industry, Prospectiuni, reported for 2010 a turnover of lei 162.6 Mn, deceasing by 28% compared to 2009, while the net profit amounted to only lei 1.2 Mn compared [...] SIF Moldova (SIF2) Monday, February 28, 2011 In the General Meeting of Shareholders SIF Moldova, convened for April 21, 2011, it has been proposed the approval to capitalize the shares held by SIF Moldova at BCR and to mandate the Board of Directors for the possibility of a total or partial [...] THR Marea Neagra (EFO) Monday, February 28, 2011 The Board of Directors of the company in the tourism industry convened the General Meeting of Shareholders on April 07/08,2011. On the agenda was proposed the discussion of demolition approval of assets Village Vacanta Delta si Cofetarie Village [...] Erste Bank (EBS) Friday, February 25, 2011 Erste Group increased its net profit by 12.4% in financial year 2010 to EUR 1015.4 Mn, due to the increase in operating profit and reduced costs of risk. Operating profit for 2010 is the best ever, amounting to EUR 3987.9 Mn, 5.7% over 2009. [...] BRD – Groupe Societe Generale (BRD) Friday, February 25, 2011 The bank informs investors that following the approval of the National Bank of Romania on February 24, 2011, Ms. Gabriela Stefania Gavrilescu and Mr. Jean-Luc Bernard Grasset took over the functions of Deputy General Managers of BRD - Groupe Societe [...] SC Iproeb SA Bistrita (IPRU) Thursday, February 24, 2011 The company in the electrotechnical sector reported for 2010 total revenues worth lei 111 Mn, up 23% from the previous year, while total expenditure amounted to lei 105 Mn, 24% higher than in previous year. Net profit this year was lei 5.4 Mn, with [...] Vrancart (VNC) Thursday, February 24, 2011 The Board of Directors of Vrancart SA Adjud convened the General Meeting of Shareholders for March 16, 2011. The agenda includes the approval of the financial statements for 2010, the Board of Directors President report regarding the activity of the [...] OMV Petrom (SNP) Wednesday, February 23, 2011 OMV Petrom results for 2010 were sustained by the positive evolution of crude oil prices and stringent cost management measures. Ural crude oil price was 28% higher compared to 2009. Sales rose by 16% compared to 2009, to lei 18.6 Bn, while net [...] Centrofarm (CEOF) Wednesday, February 23, 2011 After closing the purchase public offer for the shares issued by the SC Centrofarm SA on February 2, 2011, the bidder obtained in the tender a total of 26,316 shares at a price of lei 3.5 per share, totalling lei 92,106, representing 0.2917% of the [...] Concefa (COFI) Tuesday, February 22, 2011 SC Concefa SA announced the signing with Alba Iulia Municipality the contract which has as object „Intervention works at the DN1 objective, Sebes – Alba Iulia, km 378+020, passageway over the Alba Iulia railroad”. The value of the contract [...] SC Romcarbon SA (ROCE) Tuesday, February 22, 2011 The General Meeting of Shareholders SC Romcarbon SA held on February 21, 2011 decided the approval of the investment project „Enterprise modernization through the acquisition of new production technologies, retraining, rehabilitation and expansion [...] Transgaz (TGN) Monday, February 21, 2011 The Board of Directors of the National Gas Transmission Company „Transgaz” SA convened the General Meeting of Shareholders for March 24, 2011. The first item on the agenda is concerned with the approval of starting negotiations for establishing [...] Oltchim Rm. Valcea (OLT) Monday, February 21, 2011 The share capital of SC Oltchim SA Rm. Valcea was increased with the amount of lei 18,752.50, through the issue of 187,525 nominative, ordinary shares, each with a nominal value of lei 0.1, from a value of lei 34,302,385.80 to a value of lei [...] Compa (CMP) Friday, February 18, 2011 The Company in the automotive industry reported its preliminary financial results for 2010. Thus the turnover registered a 63% advance compared to 2009 to lei 413 Mn, while net profit climbed to lei 9.5 Mn lei compared to only lei 0.5 Mn lei in [...] Antibiotice (ATB) Friday, February 18, 2011 The company in the pharmaceutical industry has managed to maintain the growth in 2010 and reported a turnover for 2010 in value of lei 243 Mn, up 11% compared to 2009, while net profit advanced by lei 0.6 Mn compared to a year earlier, to lei 12.5 [...] Transgaz (TGN) Thursday, February 17, 2011 The National Gas Transmission Company Transgaz (TGN) recorded in 2010 a total revenue increase of 9.42% compared to 2009, of lei 1377 Mn, mainly due to the adjustment of regulated tariffs for gas transportation services, revenue growth from [...] Commercial Bank Carpatica (BCC) Thursday, February 17, 2011 The bank managed to achieve a higher operating profit in 2010 than that achieved by the end of 2009, lei 57 Mn, while net cost of credit risk increased from lei 37.6 Mn to lei 209 Mn at the end of 2010. Despite the increase of net banking income, [...] Alro SA (ALR) Wednesday, February 16, 2011 The largest aluminum smelter in Central and Eastern Europe, posted a preliminary net profit, consolidated of lei 160.44 Mn (USD 50.5 Mn ), compared with lei 78 Mn, recorded in 2009. The company reported a preliminary turnover of lei 1.81 Bn (USD 570 [...] Proprietatea Fund (FP) Wednesday, February 16, 2011 Proprietatea Fund (FP) reported for the end of 2010 a total asset of lei 12,223 Mn, up by lei 3.5 Mn compared with the end of 2009. Net profit for 2010 amounted to lei 456 Mn, down by 274 Mn compared to 2009, decrease primarily attributed to the [...] Macroeconomics Tuesday, February 15, 2011 Gross domestic product in the fourth quarter of 2010 was, in real terms, up 0.1% compared to third quarter 2010 (seasonally adjusted). Compared to corresponding quarter of 2009, gross domestic product declined by 0.6% on the gross series and [...] Biofarm SA (BIO) Tuesday, February 15, 2011 The company in the pharmaceutical sector issued the preliminary financial results at the end of December, 2010, thus in 2010 Biofarm obtained a increase of approximately 23% in turnover over the same period in 2009, of lei 82.3 Mn, while net profit [...] BRD – Groupe Societe Generale (BRD) Monday, February 14, 2011 The second largest bank in Romania registered during 2010 a net banking income of lei 3687 Mn, 2% higher than in 2009. General expenses decreased by 6% compared with previous year, gross operating profit was at the end of 2010 of lei 2245 Mn, 8% [...] Macroeconomics Monday, February 14, 2011 Consumer price index in January 2011 compared to December 2010 is 100.77%, while from the same month of 2010 is 106.99%. The total average price increase in last 12 months, February 2010 - January 2011, compared to the previous 12 months is 6.2%. [...] Bucharest Stock Exchange (BVB) Friday, February 11, 2011 The Stock Exchange Board convened the General Meeting of shareholders for April 29/30, 2011. On the agenda there is an item regarding the approval of the merger of the Bucharest Stock Exchange, as the company merged with SC Monetary-Financial and [...] Proprietatea Fund (FP) Friday, February 11, 2011 On January 19, 2011 Sibiu Court rejected the request filled by FP against Romgaz regarding the cancellation of the Romgaz AGM decision from November 30, 2011, in which was approved the making by Romgaz of a donation in amount of lei 400 Mn to the [...] Broker Cluj (BRK) Thursday, February 10, 2011 The Board of Directors of Broker Cluj convened the General Meeting of Shareholders for March 25, 2011. The agenda also includes the presentation and approval of annual financial statements for the year 2010 and the proposal and settlement of net [...] Banca Transilvania (TLV) Thursday, February 10, 2011 The High Court of Cassation and Justice rejected on February 8, 2011 the request filed by SIF Banat Crisana to move the trial of the case file no 1754/1285/2010 before the Commercial Court Cluj, seeking a declaration of nullity of the decisions [...] SC Concefa SA (COFI) Wednesday, February 09, 2011 SC Concefa SA announced the signing with the National Railway Company CFR SA the contract covering repairs to the superstructure and infrastructure to secure the bridge over the Danube between Giurgiu and Ruse. The contract value is lei 17,075,193, [...] Macroeconomics Wednesday, February 09, 2011 In December 2010, according to preliminary estimates by the INS, exports FOB amounted to lei 14041.3 Mn (EUR 3270.5 Mn) and CIF imports amounted to lei 17379.8 Mn (EUR 4048.1 Mn). Compared with December 2009, exports increased by 40.9% in lei (39.3% [...] Armax Gaz (ARAX) Tuesday, February 08, 2011 SC Armax Gaz and SNGN Romgaz SA Medias signed the contract „Drying gas stations Danes and Tigmandru” with the objective to design, supply, install and to make them functioning, the contract value is of EUR 6,398,600 excluding VAT. (Source: [...] Macroeconomics Tuesday, February 08, 2011 In December 2010, the volume of trade turnover of motor vehicles and motorcycles has declined from the previous month, both as a raw number and as adjusted series based on the number of working days and seasonally by 7.7%, 4.4% respectively. The [...] Dafora (DAFR) Monday, February 07, 2011 Hidroconstructia SA and Dafora SA have announced the signing of the contract with SC water CTTA SA, in order to execute the modernization and rehabilitation works of the sewerage system in Alba Iulia. The contract is valued at lei 34.37 Mn (without [...] UCM Resita (UCM) Monday, February 07, 2011 During the preference period set for phase I of the share capital increase operation approved and initiated by the General Meeting of Shareholders decision no. 28 held on December 20, 2010, respectively between December 29, 2010 – January 31, [...] SIF Moldova (SIF2) Friday, February 04, 2011 Deutsche Bank reported a holding of 5,295,000 SIF2 shares, representing 1.02% from the share capital of SIF Moldova. (Source: company communiqué) Antibiotice (ATB) Friday, February 04, 2011 The company from the pharmaceutical sector with majority state owning budgeted for 2011 total revenues worth of lei 294 Mn, up 13% from the preliminary level registered in 2010, while total expenditures were set at a level of lei 271 Mn, up 13% from [...] Macroeconomics Thursday, February 03, 2011 In the February 3, 2011 session the Board of Directors of the National Bank of Romania decided to maintain the monetary policy rate at 6.25% per year. It was also decided and appropriate management of liquidity in the banking system and maintaining [...] SIF Oltenia (SIF5) Thursday, February 03, 2011 Given that SIF Oltenia has not responded to National Securities Commission requests regarding the reasons for which SIF Oltenia has not subscribed to the share capital increase of SC Corealis SA Craiova, the directors of the company in the period [...] Transilvania Bank (TLV) Wednesday, February 02, 2011 The 6 million TLV shares of the total 7,321,355 shares remained unsubscribed after last year's capital increase were subscribed entirely by members of management and employees of Transilvania Bank, at a price of 1.1 lei per share. The sale offer for [...] Imotrust Arad (ARCV) Wednesday, February 02, 2011 The real estate developer Imotrust Arad approved the cancellation of 192,653,022 shares remained unsubscribed after the expiration of the period for exercising the right of preference, during which the ARCV capital increased by lei 11,617,348.90, [...] Transilvania Bank (TLV) Tuesday, February 01, 2011 Transilvania Bank achieved a net profit 58% higher in 2010 compared to that recorded in 2009, of lei 97.85 Mn, the main factors that influenced this result were the incomes from interest, respectively strict cost control. The operating result is 27% [...] Mecanica Ceahlau SA Piatra Neamt Tuesday, February 01, 2011 The General Meeting of Shareholders held on January 28, 2011 approved the income and expenditure budget for 2011, thus the main indicators for 2011 are turnover of lei 21.5 Mn, total revenues of lei 21.275 Mn, total expenses of lei 20.5 Mn and a [...] Proprietatea Fund (FP) Monday, January 31, 2011 Proprietatea Fund announced that will notify the preliminary annual results for 2010 on February 15, 2011, the Annual General Meeting of Shareholders shall be held on April 27, 2011, while on April 29, 2011 will be published the AGM decisions [...] SC Ropharma SA (RPH) Monday, January 31, 2011 The Company in the pharmaceutical trade sector, Ropharma, posted the preliminary results for 2010. Thus in 2010 the turnover has increased over the previous year by 22%, to lei 352 Mn, while net profit advanced 2.6 times from the level recorded in [...] Transgaz (TGN) Friday, January 28, 2011 The financial evaluation agency Standard & Poor's published on January 26, 2011 a report on the latest developments of the company's activities. There have been repeated elements which maintain the rating given Transgaz in 2008 and whose perspective [...] Macroeconomics Friday, January 28, 2011 The opinions expressed in January 2011 by the managers of companies, for the period between January and March 2011, reveal a relative stability in manufacturing activity, moderate drop in service sector and drop in construction and retail trade as [...] Transelectrica (TEL) Thursday, January 27, 2011 The Romanian Power Grid Company Transelectrica informed that it completed the acquisition of service to ensure Tranche B, secured, of the loan from the European Investment Bank in August 2010 by signing the guarantee facility with Citibank Europe [...] Zentiva (SCD) Thursday, January 27, 2011 The Company from the pharmaceutical sector Zentiva announced that will communicate the preliminary financial results for 2010 on February 15, 2011, and that the Annual General Meeting of Shareholders will meet to approve the annual financial results [...] Centrofarm SA (CEOF) Wednesday, January 26, 2011 The Romanian National Securities Commission approved the buying public offer document for the shares issued by SC Centrofarm SA Bucuresti initiated by Mr. Bonte Alain Louis Michel Emile. The number of shares object to the offer is of 436,606 shares, [...] BRD – Groupe Societe Generale (BRD) Wednesday, January 26, 2011 BRD – Groupe Societe Generale announced that will communicate the preliminary financial results for 2010 on February 14, 2011, and that the Annual General Meeting of Shareholders will meet to approve the annual financial results for 2010 on April [...] Proprietatea Fund (FP) Tuesday, January 25, 2011 Franklin Templeton Investment Management Limited UK, as the sole administrator of Proprietatea Fund, initiated the buy-back program of a package of shares issued by FP with the purpose to acquire by the Fund its own shares. The program aims for the [...] Teraplast (TRP) Tuesday, January 25, 2011 The Teraplast Management reported that since the beginning of the buyback program which started on March 24, 2010, SC Teraplast SA repurchased from the capital market a number of 4,136,655 shares with a total value of lei 1,971,182.79. From the [...] Albalact (ALBZ) Monday, January 24, 2011 The Board of Directors convened the General Meeting of Shareholders ALBZ for February 23, 2011 with the agenda point regarding the sale approval of Vaidei Farm, from Romos village, Hunedoara County, owned by SC Albalact SA (land, buildings, [...] Condmag (COMI) Monday, January 24, 2011 The company specialized in the construction of gas, oil and other fluids main pipelines announced that will communicate the preliminary financial results for 2010 on February 15, 2011, and that the Annual General Meeting of Shareholders will meet [...] Proprietatea Fund (FP) Monday, January 24, 2011 The Bucharest Stock Exchange informed that on January 25, 2011 will start the trading of the shares issued by SC Fondul Proprietatea SA on the regulated market administered by BSE. The number of FP shares is of 13,778,392,208 with a nominal value of [...] SIF Oltenia (SIF5) Monday, January 24, 2011 The Financial Investment Company Oltenia announced that will communicate the preliminary financial results for 2010 on February 14, 2011, and that the Annual General Meeting of Shareholders will meet to approve the annual financial results for 2010 [...] Transgaz (TGN) Thursday, January 20, 2011 The National Gas Transmission Company Transgaz announced that will communicate the unaudited preliminary financial results for 2010 on February 17, 2011, and that the Annual General Meeting of Shareholders will meet to approve the annual financial [...] SC Socep SA Constanta (SOCP) Thursday, January 20, 2011 The General Meeting of Shareholders of the port operator Socep SA with headquarters in Constanta decided on January 20, 2011 the approval to name Mr Sacarin Marian as a financial auditor of SC Socep SA and approved the new component of SC Socep SA [...] Proprietatea Fund (FP) Wednesday, January 19, 2011 Mr. Bogdan Dragoi, State Secretary in the Ministry of Finance and Chairman of the Committee of Representatives SC Proprietatea Fund SA announced that starting from January 3, 2011, he resigned as a member of the Board of Directors of SC [...] SC Alro SA (ALR) Wednesday, January 19, 2011 The largest aluminum smelter in Central and Eastern Europe, Alro SA, announced that will communicate the preliminary financial results for 2010 on February 15, 2011, and that the Annual General Meeting of Shareholders will meet to approve the annual [...] Bucharest Stock Exchange (BVB) Tuesday, January 18, 2011 In a press release from Mondo Vision, a global leader in providing information about Stock Exchanges and trading platforms shows that the Bucharest Stock Exchange has achieved the best performance in the period November 30 to December 31 in the FTSE [...] SC Cocor SA (COCR) Tuesday, January 18, 2011 SC Cocor SA (COCR): Cocor posted the preliminary financial results for the fourth quarter of 2010, thus it ended the fourth quarter with an operating profit of lei 2.8 Mn, equal with budgeted level, but well above the level of lei 0.03 Mn made in [...] SIF Oltenia (SIF5) Monday, January 17, 2011 The Board of Directors of the Financial Investment Company Oltenia SA meet on January 15, 2011 and decided by majority election of Mr. Vasile Salapa as the President of the Board of Director and as General Manager of SIF Oltenia. Until the date on [...] SC Cemacon SA (CEON) Monday, January 17, 2011 Following the capital increase operations of SC Cemacon SA 18,482,836 shares were subscribed, representing a percent of 37.814% of the total number of shares offered, while their value amounted to lei 1,848,283.60. The total CEON shares after [...] Transelectrica (TEL) Friday, January 14, 2011 The Romanian Trasmission and System Operator Traselectrica announced that will communicate the preliminary financial results for 2010 on February 14, 2011, and that the Annual General Meeting of Shareholders will meet tot approve the annual [...] Mefin SA Sinaia (MEF) Friday, January 14, 2011 The manufacturer of automotive parts and accessories, Mefin SA, brings to acknowledge that in the position of Executive Director of the company was named starting with December 1, 2010 Mrs Elena-Daniela Aldea. (Source: company communiqué) Macroeconomics Thursday, January 13, 2011 In the period from the beginning of the year until the end of November the current account of the balance of payments recorded a deficit of EUR 5173 Mn, up 23.5% over the same period of 2009 due to increasing negative balance of income and services [...] Macroeconomics Thursday, January 13, 2011 In November 2010, the volume of trade turnover of motor vehicles and motorcycles increased from the previous month, both as a raw number and as adjusted series based on the number of working days and seasonality by 10.9% and 5.5%. The turnover [...] Macroeconomics Wednesday, January 12, 2011 In November 2010, industrial production increased compared with previous month by 1.8% as gross series and by to 1.6% as adjusted series for the number of working days and seasonality. Compared to the similar month of previous year, industrial [...] Macroeconomics Wednesday, January 12, 2011 Consumer price index (CPI) in December 2010 compared to November 2010 is 100.53% and compared to December 2009 is 107.96%. Average price growth in the last 12 months (January 2010 - December 2010) compared to the previous 12 months calculated on the [...] Macroeconomics Tuesday, January 11, 2011 In November 2010, the gross nominal average earning was lei 1900, by 2.9% higher than the previous month. Net nominal average earning was lei 1377, up from the previous month by 37 lei (2.8%). The highest values of net nominal average earning were [...] Antibiotice (ATB) Tuesday, January 11, 2011 The pharmaceutical manufacturer Antibiotice Iasi announced that starting with January 17, 2011 cease its dividend for the financial year 2006. (Source: company communiqué) Macroeconomics Monday, January 10, 2011 In November 2010, FOB exports amounted to lei 15563.2 Mn (EUR 3622 Mn) and CIF imports amounted to lei 19476.4 Mn (EUR 4 533 Mn). Compared with November 2009, exports increased by 31.2% to values expressed in lei (30.9% in EUR), while imports [...] SC Rulmenti SA Barlad (RBL) Monday, January 10, 2011 The Board of Directors of the company convened the General Meeting of Shareholders SC Rulmenti SA Barlad for February 2, 2011. The first item on the agenda is about the analysis and approval of two establishments in Bucharest and Istanbul, Turkey. [...] Proprietatea Fund (FP) Friday, January 07, 2011 During the January 6, 2011 meeting the Bucharest Stock Exchange Council decided the admission on the BSE regulated market – Sector Capital Securities, Category I Shares – of the shares issued by SC Proprietatea Fund SA (FP), administered by [...] OMV Petrom (SNP) Friday, January 07, 2011 The allocation of securities to persons entitled to receive shares issued by OMV Petrom in the repurchase stock program approved by the AGM on December 16, 2008 was finalized. Thus, between June 23, 2010 and December 16, 2010 were distributed free [...] Macroeconomics Thursday, January 06, 2011 During today session, January 6, 2011, at the headquarters of the National Bank of Romania, at which attended the President of Romania, Mr. Traian Basescu, the Prime Minister of the Government, Mr. Emil Boc and the Finance Minister, Mr. Gheorghe [...] Transgaz (TGN) Thursday, January 06, 2011 The National Gas Transmission Company Transgaz Medias hired a loan of lei 75.5 Mn, for a period of 5 years, to partially finance the investment program for 2010. The contract was signed on December 16, 2010 with BRD – Groupe Societe Generale, [...] Macroeconomics Wednesday, January 05, 2011 In the meeting held on January 5, 2011, the Board of Directors of National Bank of Romania decided to maintain the monetary policy rate level at 6.25% per year, level unchanged in the last five straight sessions. Other NBR decisions regarded the [...] Transilvania Bank (TLV) Wednesday, January 05, 2011 6 Mn TLV shares from a total of 7,321,355 shares left unsubscribed in last year share capital increase will be transferred to management and employees of Transilvania Bank at a price of lei 1.1 per share, almost 14% lower compared with the level [...] iFond Financial Romania (IFR), iFond Gold (IFG) Tuesday, January 04, 2011 IFR reported for the end of December a net asset value (NAV) of lei 211.42, up by 5.71% compared with the IPO price and by 3.29% compared with November level, while the price of an IFR unit at the Bucharest Stock Exchange is of lei 249.80. In the [...] Macroeconomics Tuesday, January 04, 2011 In November 2010, industrial production prices per total, domestic and foreign market, recorded a 0.8% increase compared to the previous month and an increase of 8.1% over the same month in 2009. By sectors of activity, in November 2010 compared [...] Transelectrica (TEL) Monday, January 03, 2011 The National Regulatory Agency for Energy (ANRE) established for 2011 an average tarif for electricity transmission perceived by Transelectrica of lei 18.77 per MWh, without VAT, up by 10.44% compared to 2010. (Source: Company communiqué) Commercial Bank Carpatica (BCC) Monday, January 03, 2011 The number of shares subscribed at the end of the exercise period for the preference rights by the Commercial Bank Carpatica shareholders was of 356,753,547, representing a subscription rate of 56.1817%. Thus the amount collected from the [...] Oltchim Rm Valcea (OLT) Thursday, December 30, 2010 The General Meeting of Shareholders Oltchim Rm Valcea held on December 29, 2010 has approved the share capital increase with a maximum of lei 28,537, respectively from lei 34,302,385.80 to lei 34,330,922.80, representing in kind contribution from [...] SC Imostrust Arad (ARCV) Thursday, December 30, 2010 The Board of Directors of ARCV convened the General Meeting of Shareholders for January 31, 2011. Thus it was proposed for approval the cancellation of the shares left unsubscribed after exercising the preference rights period after which the share [...] Albalact (ALBZ) Wednesday, December 29, 2010 The merger between SC Albalact SA and SC Raraul SA, through absorption of Raraul by Albalact, was rejected in the General Meeting of Shareholders Albalact held on December 27, 2010. (Source: company communiqué) SIF Oltenia (SIF5) Wednesday, December 29, 2010 SIF Oltenia sold on December 28, 2010 a package of 420,000 BRD – Groupe Societe Generale (BRD) shares. The transaction value amounted to lei 5,166,000 Mn. (Source: company communiqué) iFond Gold (IFG) Tuesday, December 28, 2010 Starting on December 30, 2010 the fund units issued by the closed investment fund sector iFond Gold, administered by SAI Intercapital Investment Management SA, will be traded on the regulated market administered by BSE, at the undertaking for [...] Macroeconomics Tuesday, December 28, 2010 The opinions expressed in December 2010 by the managers of companies for the period December 2010 – February 2011 are relative stability of activity in services, moderate drop in manufacturing and retail trade and high drop in the construction [...] Bonds issued by Bihor County (BIH27) Monday, December 27, 2010 The selling public offer of the bonds issued by Bihor County, which took place between December 20-24, 2010, ended successfully, thus a volume of 779,864 bonds were subscribed. The number of bonds object to the offer is of 841,000, with a selling [...] Macroeconomics Monday, December 27, 2010 The broad money supply was in late November 2010 of lei 197,287.3 Mn. Compared with October 2010 it increased by 1.3% (0.8% in real terms), and compared with November 2009 the money supply increased by 6.3% (-1.3% in real terms). The balance of the [...] SIF Muntenia (SIF4) Thursday, December 23, 2010 SIF Muntenia SA sold on December 21, 2010 a package of shares of Romanian Bank for Development Bucharest – Groupe Societe Generale (BRD), with a total value of the transaction of lei 60 Mn. SIF Muntenia stock sale of BRD in December totaled lei 84 [...] Vrancart (VNC) Thursday, December 23, 2010 The General Meeting of Shareholders Vrancart held on December 22, 2010 approved the investment project „Development and modernization of the recovery network for recycled materials and superior utilization by transforming them in sanitary paper of [...] Electroputere Craiova (EPT) Wednesday, December 22, 2010 The Board of Directors of Electroputere convened the General Meeting of Shareholders for January 31, 2011 with the approval of the agenda item regarding a loan of up to EUR 30 Mn and the ways to guarantee them and any other related issues related to [...] Ventilatorul Real Estate (VENU): Wednesday, December 22, 2010 The announcement through which Contips Limited expresses the intention of initiating the withdrawal procedure of SC Ventilatorul Real Estate SA Bucuresti shareholders was approved by the National Securities Commission. The price at which the [...] SIF Muntenia (SIF4) Tuesday, December 21, 2010 SIF Muntenia SA sold on December 17, 2010 a package of shares issued by Romanian Bank for Development SA Bucharest – Groupe Societe Generale (BRD), the total value of the trade was lei 14,856,000. (Source: Company communiqué) Rompetrol Rafinare Constanta (RRC) Tuesday, December 21, 2010 Rompetrol Rafinare and Rompetrol Petrochemicals, member companies of the Rompetrol Group, have successfully recommissioned the production installations on the Petromidia platform after the completion, on November 1st, of the general scheduled [...] SIF Moldova (SIF2) Monday, December 20, 2010 On December 16, 2010 SIF Moldova SA bought shares of the issuer Fondul Proprietatea totaling lei 12,075,932.82. (Source: Company communiqué) UCM Resita (UCM) Monday, December 20, 2010 The Board of Directors of UCM Resita (UCM) convened on December 20, 2010 and found that the situation in which the President of the Board of Directors and CEO Mr. Adrian Chebutie is investigated as an individual in a case of attelpted tax evasion [...] SIF Oltenia (SIF5) Friday, December 17, 2010 Mr. Dinel Staicu, CEO of SIF Oltenia (SIF5) will present his resignation starting with February 2, 2011, the company announced in a press release. The briefing follows the Bucharest Court decision from December 16, 2010 by which Mr. Dinel Staicu was [...] Teraplast SA Bistrita (TRP) Friday, December 17, 2010 The General Meeting of Shareholders SC Teraplast SA held on December 12, 2010 approved the revenues and expenses budget for 2011 with the main indicators: turnover of lei 250 Mn, total revenues of lei 260 Mn, total expenditures of lei 241 Mn and a [...] ArcelorMittal Tubular Products Roman SA (PTRO) Thursday, December 16, 2010 The General Meeting of Shareholders of PTRO held on December 13, 2010 decided to increase the share capital by lei 568,813,785, from lei 36,110,772 to lei 604,924,557. SIF Moldova (SIF2) request to postpone the share capital increase until the [...] SC Beta SA Buzau (BETA) Thursday, December 16, 2010 The National Securities Commission approved the mandatory takeover bid prospectus of SC Beta SA Buzau initiated by Mr. Aiello Giuseppe. The number of shares object of the offer is of 464,684 shares, representing 33.91% from the share capital, with a [...] UCM Resita (UCM) Wednesday, December 15, 2010 UCM Board of Directors will meet on December 15, 2010 in order to solve current problems and continue the company's activity in good conditions. The agenda refers to the situation created through which the President of the Board and CEO, Mr. Adrian [...] Macroeconomics Wednesday, December 15, 2010 In the first 10 months of the year the current account of the balance of payments registered a deficit of EUR 4939 Mn, up 30.3% over the same period in 2009. Influence over the increase in current account was determined by the balance of current [...] Oltchim (OLT) Tuesday, December 14, 2010 Mr. Roibu Constantin, as President/CEO of SC Oltchim SA Ramnicu-Valcea was sanctioned by the Romanian National Securities Commission with a fine in value of lei 7500. By publishing the report sent by SC Oltchim SA to the Bucharest Stock Exchange on [...] SIF Transilvania (SIF3) Tuesday, December 14, 2010 SIF Transivlania subscribed in the first stage of the share capital increase of SC Tusnad SA Baile Tusnad (TSND), increase appoved by the General Meeting of Shareholders on October 15, 2010. Thus, on December 13, 2010, was paid the sum of lei [...] Transelectrica (TEL) Monday, December 13, 2010 Moody’s Investors Service has reaffirmed the Baa3 rating for Translectrica with improved outlook from negative to stable. Moody’s Investors Service estimated that, despite the weak financial performance in 2009 and 2010, generating cash flow for [...] Bonds issued by Bihor County (BIH27) Monday, December 13, 2010 Starting with December 20, 2010 will take place through the Bucharest Stock of Exchange electronic system the selling public offer of the bonds issued by Bihor County. The number of bonds object to the offer is of 841,000, with a selling price of [...] Macroeconomics Friday, December 10, 2010 Consumer price index for November 2010 compared to October 2010 was 100.52%, while compared to November 2009 was 107.73%. The average monthly inflation rate in the period starting from the beginning of the year until the end of November was 0.7%. [...] Macroeconomics Friday, December 10, 2010 In October 2010, exports amounted to lei 15,045 Mn (EUR 3522 Mn) and imports amounted to lei 18194 Mn (EUR 4258 Mn). Compared with October 2009, exports increased by 27.9% in lei (28% euro) and imports increased by 15.1% both in lei and euro. [...] SIF Muntenia (SIF4) Thursday, December 09, 2010 SIF Muntenia has purchased on December 8, 2010 a package of shares issued by Fondul Proprietatea SA with a total value of lei 9.8 Mn. (Source: Company communiqué) Transelectrica (TEL) Thursday, December 09, 2010 The General Meeting of Shareholders held on December 8, 2010 approved the revenue and expenses budget for 2010 having as main indicators total revenues of lei 2.739 Mn, total expenses of lei 2.719 Mn and a gross result of lei 20 Mn. (Source: Company [...] Unirea Shopping Center (SCDM), Asigurare Reasigurare Astra (ATRA) Wednesday, December 08, 2010 The majority shareholder of Unirea Shopping Center (SCDM) and Asigurare Reasigurare Astra (ATRA), SC the Nova Group Investments, announced that there is an enforcement file through which the holdings at the two companies listed on the Rasdaq market [...] Macroeconomics Wednesday, December 08, 2010 In October 2010 industrial output increased from the previous month by 0.1% in gross series and remained at the same level as adjusted series for the number of working days and seasonality. Compared with the corresponding month of the previous year, [...] SC Unirea Shopping Center SA (SCDM), SC Asigurare Reasigurare Astra (ATRA) Tuesday, December 07, 2010 The two companies solicited through their representatives, Carmen Adamescu President of the Board of Directors, respectively Radu Mustetea President of the Board of Directors, to suspend the companies from trading for a determined period, until the [...] Macroeconomics Tuesday, December 07, 2010 In October 2010, the nominal average gross earnings and net earnings has not changed from the previous months, maintained at the same values, lei 1846, respectively lei 1340. The highest levels of the net nominal average earning were registered in [...] SC Hidraulica Uzina Mecanica Plopeni SA (HPR) Monday, December 06, 2010 The initial public offer of the shares issued by SC Hidraulica Uzina Mecanica Plopeni ended unsuccessfully, with a total volume of subscriptions of only 38,000 shares at a price of lei 0.11 per share, the value of trade being lei 4.180. The IPO [...] SC Comcereal Olt SA (CCOL) Monday, December 06, 2010 In the mandatory takeover bid of SC Comcereal Olt SA Slatina conducted between November 5, 2010 and November 25, 2010 were subscribed 131,492 shares, representing 4.02% from the share capital, bought at a price of lei 4 per share, the total amount [...] UCM Resita (UCM) Friday, December 03, 2010 After the news from the media regarding the situation of some members of the SC UCM Resita SA staff, the company says that the President of the Board of Directors and General Manager Adrian Chebutiu and Executive Director Coriolan-Adrian Preda are [...] SC Unirea Shopping Center SA (SCDM) Friday, December 03, 2010 The shopping center Unirea reported for the first nine months of the year a turnover of lei 65 Mn, 11% lower compared with the similar period of 2009, while net profit fell by 25% compared with the similar period of 2009, to lei 9.6 Mn. Operating [...] OMV Petrom (SNP) Thursday, December 02, 2010 Petrom, the largest oil and gas producer in Southeastern Europe inaugurates today Petrom City, the headquarters that will host the company’s central operations. Situated in the northern part of Bucharest, it will host around 2,500 employees from 7 [...] Macroeconomics Thursday, December 02, 2010 Gross Domestic Product estimated for the third quarter of 2010 was lei 136605.6 Mn in current prices, down in real terms by 2.5% compared with the third quarter of 2009. Industry recorded the largest increase in activity volume, 4.2% advance, while [...] ArcelorMittal Tubular Products Roman SA (PTRO) Tuesday, November 30, 2010 SIF Moldova (SIF2), as a shareholder owning 14.08% from the share capital of PTRO, asked for placing on the agenda of PTRO General Meeting settled for December 13, 2010 the presentation of the company business plan, including a budget for expenses [...] Macroeconomics Tuesday, November 30, 2010 In October 2010 a number of 3387 building permits for residential buildings have been issued, down by 16.8% compared with September 2010 and by 17.5% compared with October 2009. In the period starting from the beginning of the year and until the end [...] Romcarbon (ROCE) Monday, November 29, 2010 On November 29, 2010 took place the General Meeting of Shareholders of SC Romcarbon SA in which it has been approved the attainment by the company from the capital market of their own shares followed by their cancellation. The maximum number of [...] SC Retrasib SA (RTRA) Monday, November 29, 2010 The General Meeting of Shareholders of SC Retrasib SA held on November 26, 2010 decided to transfer the shares issued by SC Retrasib SA Sibiu to trading on the regulated market administered by the Bucharest Stock Exchange. The company is specialized [...] Transilvania Bank (TLV) Friday, November 26, 2010 After the offer subscription of 120 Mn Transilvania Bank (TLV) shares a number of 112,678,645 shares were subscribed, the amount being collected was lei 112,678,645, while the number of shares left unsubscribed was 7,321,355. The Board of Directors [...] Rompetrol Rafinare (RRC) Friday, November 26, 2010 Rompetrol Rafinare, a company member of the Rompetrol Group, has recently completed his construction of a liquefied petroleum gas (LPG) terminal in Midia port, the total value of investment reaching approximately USD 3.8 Mn. „The terminal is part [...] Bucharest Stock Exchange (BVB) Thursday, November 25, 2010 Bucharest Stock Exchange (BVB) celebrated today 15 years since stocks trading started and organized on this occasion, at the National Bank of Romania, a press conference in which Traian Basescu, President of Romania, Mugur Isarescu, NBR Governor, [...] Oltchim (OLT) Thursday, November 25, 2010 The Board of Directors of SC Oltchim Rm Valcea convened the General Meeting of Shareholders for December 28, 2010 with the agenda regarding the approval of the share capital increase with a maximum of lei 28,537, from lei 34,302,385 to lei [...] OMV Petrom (SNP) Wednesday, November 24, 2010 The largest oil and gas producer in Southeastern Europe, Petrom, announced two changes in its Executive Board. Starting January 1, 2011 by decision of Petrom’s Supervisory Board, the Executive Board will have two new members: Daniel Turnheim, [...] SC Concefa SA (COFI) Wednesday, November 24, 2010 The building manufacturer reported for the first nine months of 2010 a turnover of lei 58 Mn, by 28% higher than the level registered in the same period of 2009. The company portfolio consist in 25 project in work and a rest of jobs to be executed [...] Ropharma Brasov (RPH) Tuesday, November 23, 2010 The pharmaceutical distributor Ropharma which will enter trading on the regulated market administered by BSE tomorrow, November 24, 2010, reported for the first nine months of the year a turnover of lei 262 Mn, by 29% higher compared with the [...] Cemacon (CEON) Tuesday, November 23, 2010 The shareholders of the ceramic blocks producer Cemacon Zalau decided in the General Meeting of Shareholders held on November 19, 2010 to increase the share capital through cash contribution, with the amount of lei 4,887,793, respectively from lei [...] SC Ropharma SA Brasov (RPH) Monday, November 22, 2010 Starting with November 24, 2010 will start the trading of the shares issued by SC Ropharma SA on the regulated market administered by BSE, Sector Capital Titles, First Category Shares. (Source: BSE communiqué) SC Upet SA Targoviste (UPET) Monday, November 22, 2010 The Board of Directors of Upet convened the General Meeting of Shareholders for December 22, 2010. The agenda contains the proposal to approve the extension for maximum four years of the USD 10 Mn loan obtained from BCR Targoviste on December 12, [...] Impact (IMP) Friday, November 19, 2010 Shares of real estate developer Impact (IMP) will resume trading Tuesday, November 23, 2010, after more than four months in which were absent from trading following the opening of insolvency procedure required by Romconstruct. Impact appealed the [...] Mefin SA (MEF) Friday, November 19, 2010 The manufacterer of diesel injection systems Mefin Sinaia (MEF) reported for the first nine months of the year a turnover of lei 14.2 Mn, with lei 1 Mn lower compared with the similar period of last year. The net result of the analysed period was a [...] Azomures (AZO) Thursday, November 18, 2010 The largest fertilizer producer in Romania Azomures (AZO) reported for the first nine months of the year a turnover of lei 874 Mn, by 66% higher than the level registered in the same period of 2009. The income increase of 67% to lei 865 Mn came [...] Rompetrol Rafinare Constanta (RRC) Thursday, November 18, 2010 Rompetrol Chemicals, the petrochemicals division of Rompetrol Group, has successfully completed the automated installation and integration of operations in the Command and Control Center of the Petromidia platform (CCR). Through its activities are [...] Cemacon SA (CEON) Wednesday, November 17, 2010 The producer and distributor of ceramic blocks Cemacon SA reported for the first nine months of the year a turnover decline of 29%, to lei 17 Mn, and a net profit resing of lei 1.2 Mn or 50% over the same period of 2009, to lei 3.7 Mn. The main [...] Vrancart (VNC) Wednesday, November 17, 2010 The Board of Directors of SC Vrancart SA Adjud convened the General Meeting of Shareholders for December 22, 2010 having on the agenda the approval of the investment project „Development and modernization of the recovery network for recycled [...] Zentiva (SCD) Tuesday, November 16, 2010 The Company from the pharmaceutical reported for the first nine months of the year a turnover of lei 201 Mn, by 53% higher than in the same period of 2009. The sold production amounted to lei 189 Mn, which represents 94.5% of operating revenue. [...] Vrancart (VNC) Tuesday, November 16, 2010 The manufacturer of sanitary paper, corrugated cardboard and cardnoard pack Vrancart Adjud posted for the first nine months of the year an turnover advance of 32% compared with the similar period of previous year, of lei 110 Mn, while net profit in [...] Antibiotice (ATB) Monday, November 15, 2010 The Company from the pharmaceutical sector registered a net turnover at the end of September 2010 of lei 177 Mn, by 12.4% higher than in the same period last year. Turnover was conducted by market capitalization in both the production made on the [...] Dafora (DAFR) Monday, November 15, 2010 The Company with activity in services of oil and natural gas extraction reported for the first nione months of the year a turnover increase of 24.60% compared with the similar period of 2009, of lei 144 Mn. As part of the exploitation activity there [...] Macroeconomics Friday, November 12, 2010 Gross domestic product in the third quarter of 2010 was, in real terms, down 0.7% compared with the second quarter of 2010 (seasonally adjusted data). Compared to corresponding quarter of 2009, gross domestic product fell by 2.5% raw series and by [...] Impact Developer & Contractor (IMP) Friday, November 12, 2010 The real estate developer Impact posted a turnover for the first nine months of the year of lei 25.6 Mn, 38% under the level recorded in the similar period of previous year, while the loss registered in this period was lei 6.7 Mn compared with a [...] SC Hidraulica Uzina Mecanica Plopeni SA Prahova (HPR) Thursday, November 11, 2010 The National Securities Commission (CNVM) approved the IPO prospectus for the shares issued by Hidraulica Uzina Mecanica Plopeni with a view to be admitted to trading at the Bucharest Stock Exchange. The offer will take place for a period of 15 [...] Rompetrol Well Services (PTR) Thursday, November 11, 2010 The Company reported for the first nine months of the year a growth in revenue of 9.5% compared with the similar period of 2009, of lei 60.6 Mn, while total spending advanced by 16.8%, to lei 47.3 Mn. The net profit was 8% under the level registered [...] Transgaz (TGN) Wednesday, November 10, 2010 Transgaz (TGN) reported for the first nine months of the year revenues with 12% higher compared with the similar period of 2009, of lei 968 Mn. The growth is mainly due to adjustments in regulated prices of services for natural gas transport, [...] Bucharest Stock Exchange (BVB) Wednesday, November 10, 2010 In the first nine months of 2010 BVB turnover advanced by 23.7% compared with the similar period of the previous year, to lei 11 Mn, due to increased revenue from the tariffs imposed on transactions with shares, the sale of stock information, [...] OMV Petrom (SNP) Tuesday, November 09, 2010 Petrom finalized the construction of the Brazi fuel terminal, on the Petrobrazi refinery industrial platform. The Brazi fuel terminal has a total capacity (including additives) of 8,120 cubic meters and will ensure the supply for the central and [...] Macroeconomics Tuesday, November 09, 2010 In September 2010 exports recorded the highest level of the last four years, lei 14970.9 Mn (EUR 3516.7 Mn), while imports registered lei 18308.4 Mn (EUR 4300.8 Mn). Compared with September 2009, exports advanced by 35.7%, while imports increased by [...] Macroeconomics Monday, November 08, 2010 In September 2010 the industrial production increased compared with the previous month both as raw series and adjusted series based on the number of working days and seasonally by 20.4%, respectively 1%. Compared with corresponding month of [...] iFond Gold Monday, November 08, 2010 iFond Gold, administered by SAI Intercapital Investment Management SA, will allow the participation of investors in the performances generated from demand in gold and in the development of gold extraction sector through investments in important [...] SC Electromagnetica SA (ELMA) Friday, November 05, 2010 Adunarea Generala a Actionarilor a Electromagnetica (ELMA) din data de 04.11.2010 a aprobat propunerea de majorare a capitalului social de la 33.801.935,2 lei la 67.603.870,4 lei prin capitalizarea partiala a rezervelor constituite din profitul net [...] Sinteza (STZ) Friday, November 05, 2010 The company from the chemical industry Sinteza (STZ) reported for the first nine months of the year a turnover of lei 7 Mn, 10% lower compared with the similar period of the previous year, while the loss registered in this period was of lei 20 [...] Rompetrol Rafinare Constanta (RRC) Thursday, November 04, 2010 The Company informed on the litigations with the Romanian State represented by the Ministry of Public Finance, files in which are brought actions against decisions adopted by the Extraordinary General Meetings of Shareholders held on June 30, 2010, [...] Mecanica Ceahlau Piatra Neamt SA (MECF) Thursday, November 04, 2010 The manufacturer of agricultural machines from Piatra Neamt, Mecanica Ceahlau (MECF), reported a net turnover for the first nine months of 2010 of lei 16.9 Mn, 25% higher compared with the similar period of 2009. The operating income was lei 15.3 [...] Bursa de Valori Bucuresti (BVB) Wednesday, November 03, 2010 The Romanian National Securities Commision issued the registration certificates for the derivatives contracts ROTX Futures and BVB Futures with underlying support the ROTX index, respectively BVB shares. The Bucharest Stock Exchange will undertake [...] Macroeconomics Wednesday, November 03, 2010 In the period starting from the beginning of the year and until September 30, 2010, the number of new vehicle registrations for passenger traffic fell by 25.6% compared with the similar period of last year, while the number of new vehicle [...] Transelectrica (TEL) Tuesday, November 02, 2010 The national operator of the energy transport system Transelectrica (TEL) reported for the first nine months of the year a turnover of lei 1800 Mn, 1% higher compared with the turnover registered in the similar period of last year. Compared with the [...] SIF Transilvania (SIF3) Tuesday, November 02, 2010 Incomes from current activities in the first nine month of the year for SIF Transilvania (SIF3) decreased by 61% compared with the similar period of the previous year, to lei 63 Mn, while profit was four times lower, lei 31 Mn. At the end of the [...] Romanian Bank for Development (BRD) Monday, November 01, 2010 The net banking income of Romanian Bank for Development reached in the first nine months of the year to lei 2652 Mn (EUR 634 Mn), 5% higher compared to September 2009. The gross operating result registered an increase of 11% compared with the [...] Oltchim (OLT) Monday, November 01, 2010 The chemicals manufacturer Oltchim (OLT) revealed for the first nine months of the year a turnover increase of almost 15% compared with the same period last year, of lei 909 Mn. The loss maintained close to the level registered in the corresponding [...] Socep (SOCP) Friday, October 29, 2010 The turnover of the port operator Socep (SOCP) on September 30, 2010 was 31.22 million lei, down by 10% year-on-year. Over the same period last year, the gross profit was higher by 22.5%, lei 1.49 million, but the net profit fell by 29% to lei [...] Bermas (BRM) Friday, October 29, 2010 The profit recorded in the first three quarters of 2010 by the brewery company Bermas (BRM) increased by 29% compared to same period last year. The profit growth was achieved due to the decrease to the half of the financial losses and a faster [...] Turbomecanica (TBM) Friday, October 29, 2010 At the end of the 3rd quarter of 2010, Turbomecanica Bucharest reported a loss of lei 6.38 million, by 34% higher y-o-y. The company obtained an operating profit of lei 281,305, but the financial costs, as well as adverse influences of the exchange [...] Macroeconomics Thursday, October 28, 2010 The loans of the population and companies, which were recording a payment delay of at least a day at the end of September, stood at 15.66 billion lei, 9% higher than in the previous month and 92.05% higher than the beginning of this year. A [...] Macroeconomics Thursday, October 28, 2010 In the short term survey made in October 2010 by the National Institute of Statistics, managers in the manufacturing industry forecast, for the next three months, a moderate increase in the production volume (+6%). In terms of number of employees it [...] Macroeconomics Thursday, October 28, 2010 In September 2010, there were issued 4072 building permits for residential buildings, down by 12.8% compared to August 2010 and by 13.8% compared to September 2009, as announced by the National Institute of Statistics. Since the beginning of the [...] Banca Transilvania (TLV) Wednesday, October 27, 2010 The gross profit posted by Banca Transilvania (TLV) in the first nine months of the year is lei 100 million, by almost 37% higher yoy, while the net profit reached 69.7 million lei, up 44% compared to same period of last year, the bank said. In the [...] Transelectrica (TEL) Wednesday, October 27, 2010 The Ministry of Economy, Trade and Business Environment, the majority shareholder of Transelectrica (TEL), decided to change the company's General Manager starting with November 15, 2010. The new CEO will be Mr. Stelian Alexandru Gal, Director of [...] Romcarbon (ROCE) Wednesday, October 27, 2010 The Board of Directors of Romcarbon (ROCE) convened the shareholders on 29.11.2010 for approving the acquiring of the company’s own shares on the capital market. The purpose of this acquisition operation is to reduce the company's share capital. [...] Macroeconomics Tuesday, October 26, 2010 In September, companies’ and population’s total deposits with the banks reached lei 169.88 billion, up 0.3% above the value recorded in August and 5.1% up yoy. Deposits in local currency of the population increased by 4.2% over the last 12 [...] Inscut Bucuresti (INBW) Tuesday, October 26, 2010 Inscut (INBW) reported for the first nine months of this year a loss of lei 2.03 million, 10% lower than the one recorded in the same period of the last year. The revenues were lei 6.9 million, while expenditures stood at lei 8.9 million. According [...] Macroeconomics Tuesday, October 26, 2010 The general budget registered for the first nine months of the year, a deficit of lei 23.3 billion, below the target deficit of lei 28.2 billion, provided by the stand - by agreement with the International Monetary Fund, announced the Ministry of [...] Macroeconomics Monday, October 25, 2010 The broad money supply was at the end of September 2010 of lei 195,738.8 Mn. Compared with August 2010 it increased by lei 19.3 Mn, while compared with September 2009 the money supply increased by 6.5%. The non-government loans granted by credit [...] Electroarges SA (ELGS) Monday, October 25, 2010 After the trades with Electroarges (ELGS) shares on the Bucharest Stock Exchange the structure of the shareholders changed. According to the latest public reports, the company’s significant shareholders of Electroarges (ELGS) are the individual [...] SC Perla Covasnei (PELA) Friday, October 22, 2010 On the agenda of the General Meeting of Shareholders of SC Perla Covasnei (PELA) was added a point which refers to debate and approve the proposal for admission of PELA on the main market of the Bucharest Stock Exchange and to designate the Board of [...] Macroeconomics Friday, October 22, 2010 The Ministry of Finance has drawn Thursday, October 21, 2010, lei 200 Mn through a bond issue maturing on April 2015, for which it pays a average interest of 7% per year. The initial value announced was lei 300 Mn, while the banks submitted [...] Zalau County bonds (ZAL30) Thursday, October 21, 2010 Tomorrow, October 22, 2010, starts trading the municipal bonds issued by Zalau County. The number of bonds is of 643,000 with a face value of lei 100 per bond, while the value of issue is lei 64.3 Mn. Principal repayment will be made in 80 quarterly [...] SC Lido SA (LIDO) Thursday, October 21, 2010 The General Meeting of Shareholders of Lido SA held on October 18, 2010 decided the approval of selling the stake that SC Lido SA holds at SC Muntenia International SA, selling the real estate located in Eforie Sud, and also to postpone discussion [...] Dafora SA (DAFR) Wednesday, October 20, 2010 Dafora, the drilling market leader in Romania, announced the signing of two contracts with the british company Zeta Petroelum worth about lei 3 Mn. These aim to conduct drilling and geological parameters at probe 1 Jimbolia, Timis County. The probe [...] SC Imotrust SA (ARCV) Wednesday, October 20, 2010 The company reported that has started the construction of the real estate project Via Romana, with an investment of EUR 6 Mn for a period of two years. The company obtained the necessary financing to build 167 apartments with an area of 12,625 sqm, [...] Dafora (DAFR) Tuesday, October 19, 2010 Company Dafora, as a performer, and Romgaz SA, as a purchaser, signed a drilling wells contract in value of lei 52.1 Mn, plus VAT. (Source: company communiqué) Zimtub (ZIM) Tuesday, October 19, 2010 The General Meeting of Shareholders of Zimtub convened on October 19, 2010 decided to approve the sale of two lands located in Zimnicea, estimated at lei 1.5 Mn, respectively lei 3.3 Mn. Also in the General Meeting it has been decided the [...] OMV Petrom (SNP) Monday, October 18, 2010 Petrom signed a 17-year production enhancement contract for nine onshore fields in the Arad area, with PetroSantander, a private Canadian company specialized in the operation and rehabilitation of mature fields. According to this contract, [...] Amonil (AMO) Monday, October 18, 2010 From early Octomber 2010, some of SC Amonil SA employees renounced, from own initiative, at the work individual contract and got hired at SC Chemgas Holding Corporation SRL, the owner of the production assets on the platform. As the number of those [...] Transgaz (TGN) Friday, October 15, 2010 On October 14, 2010 in Csanadpalota Ungaria took place the official inauguration of the Interconnection Pipeline Szeged – Arad in the presence of the European energy commissioner, Gunther Oettinger. The Interconnection Pipeline Szeged – Arad has [...] Siretul Pascani (SRT) Friday, October 15, 2010 The court ordered the opening of the insolvency procedure of Siretul Pascani (SRT). The request was filed by creditors SC Cheque Dejeuner Romania SRL and BRD – Groupe Societe Generale, for the amount of lei 53,709.09, respectively 6,223,758.67. [...] Transgaz (TGN) Thursday, October 14, 2010 Transgaz informs that on October 13, 2010 the official meeting between Gazprom and the Ministry of Economy took place. During the meeting, discussions were held regarding the information exchange necessary to the elaboration of the feasibility study [...] Cemacon SA (CEON) Thursday, October 14, 2010 The Board of Directors of Cemacon (CEON) convened the General Meeting of Shareholders for November 20, 2010. On the agenda there is a proposal to increase the share capital through cash contribution with the amount of lei 4,887,793, respectively [...] iFond Financial Romania (IFR) Wednesday, October 13, 2010 SAI Intercapital Investment Management SA, as administrator of the financial investments sector closed fund iFond Financial Romania (IFR), informs that IFR received from Fondul Proprietatea dividends for 2008 and 2009, in amount of lei 510,653. Half [...] Aerostar (ARS) Wednesday, October 13, 2010 According to the financing contract signed in April 2010 between Aerostar, as a beneficiary and the Ministry of Economy, Aerostar closed with the winner of the public tender a contract whose purpose is: ”engineering services design, manufacture [...] Commercial Bank Carpatica (BCC) Tuesday, October 12, 2010 The General Meeting of Shareholders of Commercial Bank Carpatica (BCC) held on November 9, 2010 decided the increase the share capital with the amount of lei 63.5 Mn through cash contribution. The bank shareholders will be able to exercise their [...] ArcelorMittal Hunedoara (SIDG) Tuesday, October 12, 2010 The Board of Directors Arcelor Mital Hunedoara (SIDG) established that there were subscribed and paid a number of 139.800.000 shares from the total of 159.060.000 new issued shares, approved through the decision of the General Mating held on July [...] Zimtub (ZIM) Monday, October 11, 2010 After the centralization of the subscription results made for the share capital increase of SC Zimtub SA Zimnicea it was subscribed and paid by the shareholders the total amount of lei 3,360,000, thus from a total of 6,800,000 new issued shares were [...] Macroeconomics Monday, October 11, 2010 Inflation in September compared to August was of 0.56%, while compared with the similar period of previous year was of 7.77%. Prices advanced by 0.8% in food products, 0.3% in non-food products and 0.6% for services. The average monthly inflation in [...] Oltchim (OLT) Friday, October 08, 2010 During the preliminary talks, the Romanian Commercial Bank showed its willingness to evaluate its participation in the share capital increase of Oltchim, but only provided that the criteria and prerequisites are clear, including confirmation of the [...] Electroputere (EPT) Friday, October 08, 2010 The General Meeting of Shareholders of Electroputere (EPT) dated on November 7, 2010 decided the selling of company assets whose value exceeds 20% of the total fixed assets, less debt. The selling object is land, while the minimum sale price is of [...] Azomures (AZO) Thursday, October 07, 2010 The Board of Directors of Azomures (AZO) convened the General Meeting of Shareholders for November 8, 2010. The first item on the agenda proposed approval of contractig by the company from banks and/or other legal persons of loans in order to [...] Impact Developer & Contractor (IMP) Thursday, October 07, 2010 The Court of Appeal Bucharest has set hearings for April 28, 2010 for the trial of the appeal formulated on July 13, 2010 by Impact (IMP) against the sentence to open the insolvency procedure against Impact by the Bucharest High Court. (Source [...] Antibiotice SA (ATB) Wednesday, October 06, 2010 The Board of Directors of Antibiotice (ATB) convened for November 12, 2010 the General Meeting of Shareholders. On the agenda is found the proposal to increase the share capital by lei 2,275,939, by issuing new shares, following the dividends [...] SC Condmag SA (COMI) Wednesday, October 06, 2010 The Board of Directors of Condmag (COMI) convened the General Meeting of Shareholders for November 8, 2010 with the agenda item regarding share capital increase of the company with lei 15,315,021.1, at a subscription price of lei 0.1 per share, [...] SIF Muntenia (SIF4) Tuesday, October 05, 2010 SIF Muntenia SA subscribed a number of 70 mil shares at the share capital increase of SC Unisem SA Bucuresti. The share capital increase was made at the face value of lei 0.10 per share, while the amount used was of lei 7 Mn. (Source company [...] Macroeconomics Tuesday, October 05, 2010 In August 2010, the gross nominal average earning was lei 1846, 1.2% lower compared with the previous month. The net nominal average earning was lei 1339, down from the previous month by lei 16 or 1.2%. The highest values of net nominal earning were [...] Contor Group (CGC) Monday, October 04, 2010 The share capital of Contor Group Arad increased with a number of 38,765,833 share at a face value of lei 0.10, from a value of lei 15,506,333.30 to a value of lei 19,382,916.60. The CGC shares will resume trading on Tuesday session, October 05, [...] Macroeconomics Monday, October 04, 2010 In August 2010, the industrial production prices per total, domestic and foreign market, recorded an increase of 0.4% compared with previous month and an increase of 6.7% compared with the corresponding month in 2009. By main industrial groups, [...] Rompetrol Rafinare Constanta (RRC) Friday, October 01, 2010 The General Meeting of Shareholders of Rompetrol Rafinare (RRC), held on September 30, 2010, decided to approve the share capital increase with the amount of lei 1,971,500,905.3, representing the amount related to the conversion in shares of a total [...] SC Electromagnetica SA (ELMA) Friday, October 01, 2010 The Board of Directors of Electromagnetica (ELMA) convened the General Meeting of Shareholders for November 4, 2010. The agenda includes the proposal to increase the share capital from lei 33,801,935.2 to lei 67,603,870.4, respectively by lei [...] Cemacon (CEON) Thursday, September 30, 2010 The brick maker Cemacon (CEON) from Zalau targets the the leader position in ceramic blocks after an investment of about EUR 28 Mn to achieve the highest production line in this domain, in Eastern Europe. The investment is completed at this time at [...] Rompetrol Well Services (PTR) Thursday, September 30, 2010 Mr. Alexey Olovin decided to quit from his administrator position, respectively to stop exercising the function as a member of the Board of Directors starting with October 1, 2010. The Board of Directors has appointed as temporary administrator on [...] Bucharest Stock Exchange (BVB) Wednesday, September 29, 2010 On September 28, 2010 the Bucharest Stock Exchange (BVB), the Bucharest Clearing House and the Romanian power market operator signed an agreement regarding the cooperation of the three entities for the launch of electricity derivatives market. The [...] Antibiotice (ATB) Wednesday, September 29, 2010 The General Meeting of Shareholders of Antibiotice (ATB) that will take place on November 04/05, 2010 will submit for approval the modification of the share capital from lei 45,489,729.10 to lei 47,765,668.10. (Source: company communiqué) Banca Transilvania (TLV) Tuesday, September 28, 2010 The preference rights issued by Transilvania Bank (TLV) will start trading tomorrow, September 29, 2010, and will end on October 19, 2010. The number of preference rights necessary to acquire one new share is of 9.0528 preference rights for one new [...] Oltchim (OLT) Tuesday, September 28, 2010 The General Meeting of Shareholders of Oltchim (OLT) held on September 27, 2010 approved contracting funds in value of EUR 100 Mn, from which EUR 40 Mn loan needed to complete the maintenance works, repair and modernization projects and investments [...] BRD – Groupe Societe Generale (BRD) Monday, September 27, 2010 BRD informed that the SIF Transilvania (SIF3) holding fell below 5% of voting rights of BRD. Decrease below 5% of voting rights is due to capital markets transactions, through which the SIF Transilvania (SIF3) holding fell from 35,063,270 shares, [...] SIF Moldova (SIF2) Monday, September 27, 2010 On September 24, 2010, SIF Moldova (SIF2) bought share of the issuer Fondul Proprietatea in total value of lei 3,160,701. (Source: company communiqué) SC Turism, Hoteluri, Restaurante Marea Neagra (EFO) Friday, September 24, 2010 The General Meeting of the Shareholders THR Marea Neagra (THR) held on September 23, 2010 approved the share capital increase by lei 38,596,66.6, through capitalization of previous years profits. Also, the company announced that it bought the hotel [...] Prodvinalco Cluj (VAC) Friday, September 24, 2010 The General Meeting of Shareholders of Prodvinalco Cluj (VAC) held on September 23, 2010 decided to approve the allocation of the amount of lei 4.5 Mn from the net profit obtained by the company during 2009 as dividends. The gross dividend per share [...] OMV Petrom (SNP) Thursday, September 23, 2010 Petrom, the largest oil and gas producer in Southeastern Europe and Hunt Oil Company of Romania, an affiliate of the American company Hunt Oil, one of the world’s largest privately owned oil companies, have embarked on a partnership for onshore [...] Teraplast (TRP) Thursday, September 23, 2010 Teraplast (TRP), the integrated systems and solutions provider in the field of installation and constructions, implements, in June 2010 – August 2011, three projects co-financed by European Social Fund, through the Human Resources Development [...] Macroeconomics Wednesday, September 22, 2010 The European Commission withdraws the excessive deficit procedure in the case of Romania and concluded that the authorities have acted in accordance with the Council recommendations relating to the correction of the excessive government deficit. On [...] Rompetrol Rafinare (RRC) Wednesday, September 22, 2010 The rating agency Standard&Poor’s reduced the rating of the company Rompetrol Goup NV to B, from B+, with negative perspective. This downgrade came after the Romanian authorities established a levy on land and facilities owned by the subsidiary [...] iFond Financial Romania (IFR) Tuesday, September 21, 2010 The fund units issued by the financial investments sector closed fund iFond Financial Romania (IFR) will be traded on the regulated marked administered by the Bucharest Stock Exchange starting with tomorrow, September 22, 2010. The number of units [...] Rompetrol Rafinare (RRC) Tuesday, September 21, 2010 Rompetrol Rafinare and Rompetrol Petrochemicals, member companies of the Rompetrol Group, will interrupt their activity between September 21 and November 1, 2010 in order to carry out the works related to the scheduled overhaul. During this period, [...] Transgaz (TGN) Monday, September 20, 2010 The National Gas Transmission Company Transgaz Medias (TGN) informs that it was approved the dismisall, starting from September 15, 2010 from the position of General Manager of Transgaz of Mr. Muntean Florin Nicolae, at his request and appointed Mr. [...] SC Sinteza SA (STZ) Monday, September 20, 2010 The shareholders of the company from the chemicals industry, Sinteza SA (STZ), decided in the General Meeting of Shareholders dated on September 17, 2010 the approval of increase of the credit limit up to EUR 9.2 Mn for investments, through bank [...] SIF Moldova (SIF2) Friday, September 17, 2010 SIF Moldova (SIF2) continues to purchase shares of the Proprietatea Fund. Today the company announced that on September 16 bought shares worth over lei 10.49 Mn. This year, SIF Moldova (SIF2) reported trades through which it bought shares at [...] Oil Terminal (OIL) Friday, September 17, 2010 Oil Terminal (OIL) shareholders agreed in the General Meeting dated on September 17, 2010 the new component of the Board of Directors of Oil Terminal, approved the revenue and expenditure budget, corrected, for 2010 and approved the performance [...] SC Imotrust SA (ARCV) Thursday, September 16, 2010 SC Imostrust SA shareholders agreed in the General Meeting dated on September 14, 2010 the participation of affiliated companies at the share capital increase of SC Imostrust SA by, and following the share capital increase the Directorate will [...] SC Tusnad SA (TSND) Thursday, September 16, 2010 SC Tusnad SA, as beneficiary, has signed a sale purchase agreement for the investment “Development and modernization, in order to increase the comfort and the quality of the tourism services of the Olt-Baile Tusnad Hotel”, with SC Mobilier Ovo [...] Zimtub SA (ZIM) Wednesday, September 15, 2010 The Board of SC Zimtub SA (ZIM) convened the Extraordinary General Meeting of Shareholders for October 18, 2010. The shareholders proposed the sale of land in value of lei 4.8 Mn, the validation of the decision to purchase pipe production lines [...] SC Ropharma SA (IAFR) Wednesday, September 15, 2010 The General Meeting of Shareholders of SC Ropharma SA, held on Spetember 14, 2010, aprovved the share capital increase by lei 16.44 Mn, to lei 29.1 Mn, by incorporating the statutory reserves. Was also approved the supplementation of the loan from [...] Rompetrol Rafinare (RRC) Tuesday, September 14, 2010 The General Meeting of Shareholders of Rompetrol Rafinare (RRC) held today, September 14, 2010, decided the to increase the share capital through conversion in shares of the bonds that were not bought back at the due date, the approval of the share [...] Teraplast (TRP) Tuesday, September 14, 2010 The General Meeting of Shareholders Teraplast (TRP) dated on September 9, 2010 decided to create and register in the Trade Register of the Court of Bistrita-Nasaud of a new work point „Central laboratory and research” in the town Sarata, county [...] Rompetrol Rafinare (RRC) Monday, September 13, 2010 The National Agency for Fiscal Administration (ANAF) has established a levy on land and facilities owned by Rompetrol Rafinare and also on the shareholdings in its subsidiaries. The levy is a interdiction to alienate the concerned assets and does [...] Bucharest Stock Exchange (BVB) Monday, September 13, 2010 The Bucharest Stock Exchange (BVB) General Meeting of Shareholders held on September 10, 2010, decided to adopt the nominations for the Board of the Central Depository. The Extraordinary General Meeting was not held because the minimum statutory [...] Macroeconomics Friday, September 10, 2010 The annual inflation reached 7.58%, while the Consumer Price Index was 0.23% higher in August compared with July 2010. The prices of food and services advanced by 0.4%, while the non-food prices remained relatively stable. The average monthly [...] SC Comcereal Valcea SA (CVAL) Friday, September 10, 2010 The Romanian National Securities Commission (CNVM) approved the bid offer for the shares issued by SC Comcereal Valcea SA (CVAL) initiated by SC Boromir Ind SRL. The offer will take place between September 14, 2010 and October 25, 2010, while the [...] Biofarm (BIO) Thursday, September 09, 2010 The Board of Directors of SC Biofarm SA (BIO) decided on September 8, 2010 the completion of the secondary activity objects of the company with the CAEN code 5224 manipulations and CAEN code 7320 market and public opinion research. (Source: [...] Macroeconomics Thursday, September 09, 2010 In July 2010, according with the estimates of the National Institute of Statistics, exports amounted to EUR 3345 Mn, while imports amounted EUR 3969 Mn. Compared with July 2009, exports increased by 19.2%, while imports advanced by 18.2%. The trade [...] Albalact (ALBZ) Wednesday, September 08, 2010 In the General Meeting of Shareholders held yesterday, September 7, 2010, it was decided the merger by absorption with SC Raraul SA. It was approved the proposal to mandated the Board of Directors for contracting from any bank of credit facilities [...] Macroeconomics Wednesday, September 08, 2010 In July 2010 the industrial production decreased from the previous month, both as raw number and as adjusted series based on the number of working days and seasonally, by 2.3%, respectively 0.8%. Between the beginning of the year and July 2010 [...] Bucharest Stock Exchange (BVB) Tuesday, September 07, 2010 The Bucharest Stock Exchange informed that in the next 3 month will implement the Arena XT system, a technological platform intended for the participants at the systems administered by BVB, which offers investors online trading solutions for the [...] Macroeconomics Tuesday, September 07, 2010 In July 2010, the total industrial new orders, both on foreign and domestic markets, fell in nominal terms from the previous month by 13.3% and increased compared with the corresponding month of 2009 by 24.7%. Since the beginning of the year up to [...] OMV Petrom (SNP) Monday, September 06, 2010 Petrom sold the exploration assets in Russia, namely the participation stake of 74.9% at Ring Oil Company to the minority partner Mineral and Bio Fuels Limited (MBO). The seller and buyer have agreed not to make public the sale price and the [...] Transgaz (TGN) Monday, September 06, 2010 The European Bank for Reconstruction and Development (BERD), The European Investment Bank (BEI), IFC - a World Bank Group member and Nabucco Gas Pipeline International GmbH signed today, September 6, 2010, the mandate letter. Thus the evaluation [...] Electroputere (EPT) Friday, September 03, 2010 The Board of Directors of Electroputere (EPT) convened the General Meeting of Shareholders for October 7, 2010 with the item agenda regarding the approval of the signing conditions of sale contract of the company assets whose value exceeds 20% of [...] Retezatul SA Deva (RETE) Friday, September 03, 2010 The Romanian National Securities Commission (CNVM) approved the takeover bid of Retezatul SA Deva (RETE) initiated by SC Quasar SA. The offer will take place between September 8, 2010 and September 28, 2010, while the object of the offer is of [...] Macroeconomics Thursday, September 02, 2010 On August 31, 2010, the foreign reserves at the National Bank of Romania were of EUR 31.554 Mn, EUR 26 Mn under the level registered on July 31, 2010. Gold reserves remained at 103.7 tones and in terms of international price developments its value [...] Macroeconomics Thursday, September 02, 2010 The price index of industrial production in July 2010 rose by 0.1% compared to the previous month and with 6.9% compared to the corresponding month of 2009. The main industrial groups that registered advances in prices are the capital goods [...] Macroeconomics Wednesday, September 01, 2010 The Gross Domestic Product estimated for the second quarter of 2010 increased in real terms by 0.3% compared with the first quarter of 2010. Compared with the second quarter of 2009 the GDP in the second quarter of 2010 decreased by 0.5%, while the [...] SC Transilvania Constructii (COTR) Wednesday, September 01, 2010 The General Meeting of Shareholders of the Cluj real estate developer, Transilvania Constructii (COTR), decided to increase the share capital with the amount of lei 7.8 Mn by incorporating a portion of the reported results, thus for 3 held shares [...] Commercial Bank Carpatica (BCC) Tuesday, August 31, 2010 The Board of Directors of Commercial Bank Carpatica (BCC) convened the General Meeting of Shareholders for October 9, 2010. The agenda contains the approval of share capital increase with the amount of lei 63.5 Mn through cash contribution from the [...] SC Boromir Prod SA Buzau (SPCU) Tuesday, August 31, 2010 The Board of Directors of Boromir Prod (SPCU) convened the General Meeting of Shareholders for September 24, 2010. The agenda contains the approval of the merger by absorption of the companies SC Boromir Pan SA Buzau and SC Eurostar Invest SRL [...] Transgaz (TGN) Monday, August 30, 2010 The National Gas Transmission Company Transgaz (TGN) reported that it was published in the Official Gazette the Government Decision regarding the approval of the selling strategy of some shares issued by TGN through the capital market, in which it [...] Rompetrol Rafinare Constanta (RRC) Monday, August 30, 2010 The Board of Rompetrol Rafinare convened the Shareholders Extraordinary General Meeting for September 30, 2010. On the agenda it is proposed the increase of the company share capital with the maximal value of EUR 517,000,000, representing the total [...] Bucharest Stock Exchange (BVB) Friday, August 27, 2010 The General Manager of the Bucharest Stock Exchange (BVB), Ms. Anca Dumitru, resigned from this position and will occupy the Deputy General Manager position of the company. The Stock Exchange Council approved the appointment in the position of [...] Oltchim Ramnicu Valcea (OLT) Friday, August 27, 2010 On the agenda of the Shareholders General Meeting, convened on September 27, 2010, is found the approval for a financing contract by Oltchim in value of EUR 100 Mn, from which EUR 40 Mn loan needed to complete the maintenance works, repair and [...] Uztel (UZT) Thursday, August 26, 2010 The Board of Directors of Uztel (UZT) decided to emergency request the insolvency procedure by the Territorial Court Prahova. The decision was taken due to the effect of the harsh economic and financial crisis in the Romanian economy, reflected in [...] SC Iproeb SA (IPRU) Thursday, August 26, 2010 IPRU posted the results for the first semester of the year, thus the turnover in this period advanced by 34% compared with the similar period of the previous year, to lei 49.6 Mn, while the net profit was half compared with the similar period of [...] Macroeconomics Wednesday, August 25, 2010 In the financial stability report the National Bank of Romania underlined that, during 2009 and the first part of 2010, the Romanian financial system has faced with significant challenges in a context marked by persistent economic contraction and [...] Petrom Aviation (ROFU) Wednesday, August 25, 2010 Petrom Aviation (ROFU), company that has as main activity the sale of aviation petroleum products, announced for the first half of the year a turnover increase of 40% compared with the similar period of the previous year, to lei 118 Mn. The profit [...] Oil Terminal Constanta (OIL) Tuesday, August 24, 2010 Oil Terminal Constanta (OIL), the biggest sea operator, announced that it has signed a provision and expedition contract with SC Daxim Petroleum PTE Ltd. Singapore in value of EUR 2.5 Mn per year, the amount being conducted in one month is of 30,000 [...] Ventilatorul Real Estate SA Bucuresti (VENU) Tuesday, August 24, 2010 The Romanian National Securities Commission approved the prospectus for the tender bid of the shares issued by Ventilatorul Real Estate SA Bucuresti (VENU) initiated by Contips Limited Nicosia. The offer will take place between August 26, 2010 and [...] Siretul Pascani (SRT) Monday, August 23, 2010 The Board of Directors of Siretul Pascani (SRT) has introduced the request to open the insolvency procedure by reorganizing activity. After analyzing the economic and financial situation it was found that the company is confronted with a difficult [...] Argus Constanta (UARG) Monday, August 23, 2010 The vegetable oils producer, Argus Constanta (UARG), posted the results for the first semester of the year, thus the turnover in this period advanced by 30% compared with the similar period of the previous year, to lei 77.5 Mn, while the net profit [...] Transgaz (TGN) Friday, August 20, 2010 OMV Petrom (SNP) received on August 19, 2010 from Transgaz (TGN) the works executed at the gas pipelines and gas metering station needed to supply with natural gas the high efficiency cogeneration plant Brazi. The investment amounted to [...] Vrancart (VNC) Friday, August 20, 2010 The Board of Directors of Vrancart (VNC) convened the Extraordinary General Meeting of Shareholders for September 22, 2010. The agenda includes the approval of hiring credits totaling EUR 17.2 Mn, and ensure them with goods from the company assets. [...] Electroputere Craiova (EPT) Thursday, August 19, 2010 The high currents electro technical equipment manufacturer, Electroputere Craiova (EPT), decided the dismissal of 350 employees starting with September 01, 2010, the decision was made following the protocol established between the management and the [...] Rofarma Brasov (IAFR) Thursday, August 19, 2010 The management of the pharmaceutical distributor Rofarma Brasov (IAFR) proposed in the General Meeting of Shareholders to be held on September 14/15, 2010 the approval of rating the company at the category I of the Bucharest Stock Exchange. The [...] Fondul Proprietatea Wednesday, August 18, 2010 Fondul Proprietatea was registered at the Romanian National Securities Commission (CNVM) in the category undertakings for collective investment (AOPC), special type, set up as a closed-end investment company and established in order to grant [...] SIF Muntenia (SIF4) Wednesday, August 18, 2010 SIF Muntenia SA (SIF4) sold on August 17, 2010 a number of 650.000 shares issued by Comat Auto SA Bucuresti (COTA) at a price of lei 4.5 per share, the total value is of lei 2,925,000 lei. (Source: Company’s communiqué) SC IAR Brasov SA (IARV) Tuesday, August 17, 2010 The helicopters producer, SC IAR Brasov SA (IARV), realized in the first part of the year a turnover of lei 29 Mn, half compared with the level registered in the similar period of 2009, while the net profit was of lei 5.4 Mn, 8% lower than the one [...] Oil Terminal Constanta (OIL) Tuesday, August 17, 2010 The port operator Oil Terminal (OIL) posted a decline in turnover for the first semester of the year in value of lei 5.5 Mn or 7% decrease compared with the similar period of the previous year, to lei 61 Mn. The net result was six times higher than [...] Azomures (AZO) Monday, August 16, 2010 Azomures (AZO, leader of the fertilizer producer industry in Romania, announced for the first half of the year a turnover increase of 66% compared with the similar period of the previous year, to lei 541 Mn. The profit was four times higher in the [...] Impact (IMP) Monday, August 16, 2010 The real estate developer Impact Developer & Contractor posted a decline in the turnover for the first semester of the year in value of lei 9 Mn or 31% decrease compared with the similar period of the previous year, to lei 20.5 Mn. The net result [...] Transgaz (TGN) Friday, August 13, 2010 The National Gas Transmission Company Transgaz (TGN) realized in the first part of the year a turnover of lei 690 Mn, 17.7% higher than the level registered in the similar period of 2009, while the net profit was of lei 265 Mn, 56% higher compared [...] Transelectrica (TEL): Friday, August 13, 2010 The Romanian electricity transmission operator, Transelectrica (TEL), posted the results for the first semester of the year, thus the turnover in this period declined by 1.84% compared with the similar period of the previous year, to lei 1,222 Mn, [...] Dafora (DAFR) Thursday, August 12, 2010 Dafora, the leader in the Romanian drilling market, posted the results for the first semester of the year, thus the turnover in this period advanced by 20% compared with the similar period of the previous year, to lei 91.5 Mn, while the net profit [...] Antibiotice (ATB): Thursday, August 12, 2010 The pharmaceuticals producer Antibiotice Iasi (ATB) announced for the first half of the year a turnover increase of 7% compared with the similar period of the previous year, to lei 115.8 Mn, and a net profit advance of lei 2.2 Mn or 15% compared [...] Macroeconomics Wednesday, August 11, 2010 According to the National Institute of Statistics data the annual inflation rate in July was 7.14%, while the monthly inflation was 2.58%. The largest price increases in July compared with the previous month were tobacco, 9.47%, and fruits, 7.10%. [...] Rompetrol Well Services (PTR) Wednesday, August 11, 2010 PTR posted the results for the first semester of the year, thus the turnover in this period advanced by 1% compared with the similar period of the previous year, to lei 35 Mn, while the net profit was 30% lower compared with the similar period of [...] Bucharest Stock Exchange Tuesday, August 10, 2010 BVB posted the results for the first semester of the year, thus the turnover in this period advanced by 57% compared with the similar period of the previous year, to lei 8.5 Mn, while the net profit was 67% higher compared with the similar period of [...] Dafora Tuesday, August 10, 2010 According to a press release sent to the Bucharest Stock Exchange Dafora announces signing the contract with Horea village (Alba County) with the object of „infrastructure, social and cultural modernization of village Horea, Alba County”. The [...] Bucharest Stock Exchange Monday, August 09, 2010 Bucharest Stock Exchange (BVB): The Board of Directors of Bucharest Stock Exchange (BVB) convened the General Meeting for September 10, 2010. The agenda includes the approval of reducing the nominal value from lei 10 per share to lei 1 per share [...] Macroeconomics – Indices of the industrial production Monday, August 09, 2010 In June 2010 the industrial production advanced 4.7% compared with the previous month, while compared with the similar period of 2009 increased by 6.7%. In the first semester of 2010, compared with the similar period of the previous year, the [...] Alro Friday, August 06, 2010 The Company Alro signed the syndicated loan with The European Bank for Reconstruction and Development, for financing a large part of the existing company’s debt. The European Bank for Reconstruction and Development awards USD 75 mn in its own [...] Transelectrica Friday, August 06, 2010 Transelectrica and The European Investment Bank (EIB) signed a loan contract, amounting to EUR 65 mn, for expanding the financing sources of the investments program. The loan was taken for a period of 15 years, with a 2 years grace period and is [...] Zentiva Thursday, August 05, 2010 In h1 2010, Zentiva’s net profit increased more than 3 folds to lei 27 mn. The increase comes from the company’s operating activity. Thus, on the background of an increase of the operating revenues by 22.82% to lei 127.41 mn, in the conditions [...] Industry Thursday, August 05, 2010 In june 2010, industry’s turnover on the whole (local and foreign market) increased, in nominal terms , compared to the previous month by 9.7%, and compared to the corresponding month of the previous year by 17.1%. In H1 2010, compared to H1 2009, [...] OMV Petrom Wednesday, August 04, 2010 In 6m/10, the results of OMV Petrom were well above last year’s level, driven by the favorable crude price environment and cost management measures. The Urals crude price was 49% higher compared to 6m/09. The Group reported EBIT of RON 1,675 mn [...] Decisions of the Board of NBR Wednesday, August 04, 2010 In its meeting of August 4, 2010, the Board of the National Bank of Romania decided to keep unchanged the monetary policy rate at 6.25 percent per annum; to ensure an adequate management of liquidity in the banking system; to maintain the existing [...] Prices of the industrial production Tuesday, August 03, 2010 In June 2010, the prices of the industrial production on the whole (local and foreign market) registered an increase of 0.4% compared to the previous month and an increase of 6.2% compared to the corresponding month of the year 2009. (Source: [...] Structured products Tuesday, August 03, 2010 STRUCTURED PRODUCTS: Bucharest Stock Exchange communicated that, on the 2nd of August 2010, were admitted to trading 9 individual issuing of the structured products issued by RAIFFEISEN CENTROBANK AG under the form of the index certificates, having [...] BRD Groupe Societe Generale Monday, August 02, 2010 BRD GROUPE SOCIETE GENERALE – BRD: In H1 2010, the net banking revenue of BRD Groupe Societe Generale got to lei 1,750 mn (EUR 422 mn), higher by 7% compared to h1 2009. The gross operating profit stood at lei 1,067 mn (EUR 257 mn), registering an [...] International rezerves Monday, August 02, 2010 INTERNATIONAL RESERVES: On July 31st 2010, National Bank of Romania’s foreign exchange reserves stood at EUR 31,580 million, compared to EUR 31,627 million on June 30th 2010. The gold stock has held steady at 103.7 tonnes. However, following the [...] Erste Group Bank AG Friday, July 30, 2010 Erste Group posted an operating result of EUR 1,991.4 million in H1 2010, up 12.1% on H1 2009, and net profit of EUR 471.9 million, down 4.1% on H1 2009. The cost/income ratio improved to 48.8%, from 52.5% in H1 2009. The operating result was driven [...] Socep Friday, July 30, 2010 In H1 2010 Socep’s net profit increased more than 9 folds compared to H1 2009, up to lei 0,626 mn. This year, the company managed to obtain an operating profit of lei 0.128 while last year it had registered an operating loss of lei 0.651 mn. The [...] Rompetrol Rafinare Thursday, July 29, 2010 The Romanian National Securities Commission (CNVM) suspended starting by July 28th, 2010 the right of The Rompetrol Group NV Netherlands, main shareholder of Rompetrol Rafinare to solicit to the minority shareholders to sell it their shares. [...] Ves Thursday, July 29, 2010 The Romanian National Securities Commission (CNVM) approved the the simplified prospect of secondary offer to sell shares held by Mrs. Bucur Idifta and Mr. Barbatei Adrian at the company VES. The offer is addressed to the investors who acquire each [...] Banca Transilvania Wednesday, July 28, 2010 The operational result of Banca Transilvania increased in H1 2010 by 68% compared to the same period of last year, from lei 233 mn, to lei 390 mn. The gross profit realized is lei 60.03 mn, compared to lei 11.07 mn registered on the 30th of June [...] Budget deficit Wednesday, July 28, 2010 According the preliminary data, the execution of the general consolidated budget for the first half of the year closed with an estimated deficit of lei 18.07 billion, below the target of lei 18.2 billion. The estimated revenues to the general [...] Prefab Tuesday, July 27, 2010 In H1 2010, the net profit of Prefab increased by almost 5 folds compared to H1 2009, from lei 0.649 mn to lei 3.158 mn. The company’s turnover decreased by 12.51% to lei 40.064 mn, on the background of a decrease of the operating revenues by [...] Macroeconomy Tuesday, July 27, 2010 MACROEOCONOMY: The outcome of the business survey conducted by the National Bank of Romania shows still little likelihood for the industrial activity to recover in July, whereas construction activity is set to stay on an upward trend, largely due to [...] Loans and deposits Monday, July 26, 2010 At end-June 2010, non-government loans granted by credit institutions went up 3.8 percent (3.6 percent in real terms) from May 2010 to RON 210,808.8 million. RON-denominated loans increased 0.5 percent (0.3 percent in real terms), whereas foreign [...] Erste Group Bank AG Monday, July 26, 2010 Erste Group Bank AG has been part of the 2010 EU-wide stress testing exercise coordinated by the Committee of European Banking Supervisors (CEBS), in cooperation with the European Central Bank, and the Austrian National Bank. As a result of the [...] Impact (IMP) Friday, July 23, 2010 Yesterday, July 22,2010, Impact (IMP) received from SC Activ Lichidator Ipurl, as judicial administrator, a notification regarding the initiation of the insolvency procedure against SC Impact Developer & Contractor SA, according to the sentence [...] Transelectrica (TEL) Friday, July 23, 2010 Transelectrica and the association formed Romelectro SA – CG Holdings Belgium NV System Division will sign today, July 23, 2010, the contract for upgrading the station 400/110 kV Brasov. The contract value is EUR 17.888.665 (without VAT), while [...] SC Ves SA (VESY) Friday, July 23, 2010 The Board of Directors of SC Ves SA meet today, July 23, 2010, and approved the share capital increase from lei 10,116,972 to lei 13,631,200. The share capital increase is needed to ensure the amelioration and equilibration of the financial status [...] Transelectrica, Transgaz, Romgaz Thursday, July 22, 2010 The government plans to sell through selling public offer a package of 15% of Translectrica (TEL), 15% of Transgaz (TGN) and 15% of Romgaz. The National Gas Company Romgaz SA Medias is not listed at the Bucharest Stock Exchange. The share capital of [...] SIF Transilvania Thursday, July 22, 2010 The Financial Investment Company Transilvania (SIF3) reported that participated in the share capital increase of SC Orizont Turism S.A. Predeal (ORTU) approved by the extraordinary general meeting of shareholders of the company on June 11, 2010, by [...] Amonil (AMO) Thursday, July 22, 2010 The Board of Directors of Amonil (AMO) contested the CNVM ordinance through which the supervisor authority asked the Board of Directors of Amonil to convene the Ordinary General Meeting in which to have on the agenda an item where it settles the [...] Oltchim Wednesday, July 21, 2010 The Company Oltchim received a communication from the National Agency for Environment Protection announcing that it will be fined with 14,343,700 euro for not failing to return in term 143,437 certificates for emission of greenhouse gases, for the [...] iFond Financial Romania Wednesday, July 21, 2010 In the period July 22nd - August 11th 2010 will be unfolded the initial public offer of the fund iFond Financial Romania. The Fund will be admitted to trading on the Bucharest Stock Exchange after the successful closure of the offer, the condition [...] Alro Tuesday, July 20, 2010 The shareholders of Alro approved within the Extraordinary General Meeting of July 20th, 2010 a credit contract with the European Bank for Reconstruction and Development for a loan amounting to approximately USD 180 mn. The purpose of the loan is to [...] SIF Oltenia Tuesday, July 20, 2010 The Romanian National Securities Commission (CNVM) gave SIF Oltenia a term of 60 days to convene a Shareholders’ General Meeting. Its purpose would be to adopt a decision regarding the opportunity to maintain as company’s managers Mrs. Popescu [...] Aerostar Monday, July 19, 2010 In the first half of the current year Aerostar realized a turnover of lei 70.36 mn, which represents an increase of 14.60% compared to the similar period of the year 2009. The operating revenues increased by 15.36% up to lei 79.94 mn. At the same [...] Condmag Monday, July 19, 2010 The Board of Condmag convened the Shareholders Ordinary general Meeting on the 23rd of August 2010. On the agenda can be retrieved the election of the members of the Board for the mandate 2010-2014. The applications for administrator will be made [...] VES Friday, July 16, 2010 The Company VES announced it convened the meeting of the Board for the 23rd of July, 2010 for debating a share capital increase. There will be debated a company share capital increase from 101,169,720 shares to 136,312,000 shares, respectively a [...] Condmag Friday, July 16, 2010 The Board of Condmag approved the company’s participation, as main shareholder holding 92.2102% of the Flowtex Technology share capital to the share capital increase of this company with the sum of lei 4,072,000 through cash contribution by [...] Electrocontact Thursday, July 15, 2010 In the Electrocontact’s Shareholders Ordinary General Meeting of July 14th, 2010 has been elected the Board for a mandate of 4 years. The composition is: Gabriel Chiriac – president and four members, Ghiga Dana, Secrieru Florina-Dorina, Cretu [...] Teraplast Thursday, July 15, 2010 Politub, part of Teraplast Group, completed the relocation of the production capacities from Bistrita to Saratel. The company began in 2008 the construction of the new factory from the industrial park. Politub’s production capacities from Saratel [...] Aerostar Wednesday, July 14, 2010 The Company Aerostar announced it changed the financial calendar for the year 2010. Thus, the financial results for H1 2010 will be presented on the 19th of July, 2010 instead of 21st of July, 2010. The date for presenting the financial results of [...] SIF Oltenia Wednesday, July 14, 2010 SIF Oltenia bought on the 14th of the July 2010 a package of 13,345,500 shares SC BIOFARM SA Bucharest (ticker BIO). The total transaction’s value is lei 2,442,072.00. (Source: company’s communiqué) OMV Petrom Tuesday, July 13, 2010 Petrom signed a 15 year production enhancement contract for several fields in the area of Ticleni with Petrofac, a leading international provider of facilities solutions to the oil and gas production and processing industry. According to this [...] Balance of payments and external debt Tuesday, July 13, 2010 In January-May 2010 the balance-of-payments current account posted a deficit of EUR 2,865 million, 45.7% higher than in the same period of 2009, due largely to the 55.0% decrease year on year in current transfers surplus. Non-residents’ direct [...] Inflation Monday, July 12, 2010 The index of the consumming prices in June 2010 compared to June 2010 is 100.16%. Also, the index of the consumming prices in June 2010 compared to June 2009 is 104.38%. (Source: communique of The National institute of Statistics) Banca Transilvania Monday, July 12, 2010 The prosecuters of the Directorate for Combating Organized Crime and terrorism Cluj Territorial Service ordered the sent to trial of Mr. CIORCILA HORIA – president of the Banca Transilvania’s Board together with other persons. All the persons [...] SIF Oltenia Friday, July 09, 2010 SIF OLTENIA sold on the 8th of July, 2010 a stake of 2,831,364 shares of S.C. ELSID S.A. Titu. The total transaction’s value is lei 17,214,693.00. Also SIF OLTENIA sold on the 8th of July, 2010 a stake of 3,150,561 shares of S.C. ELECTROCARBON [...] Amonil Friday, July 09, 2010 Amonil announced that on July 7, 2010 started to halt the production equipments of the chemical fertilizers Urea, Ammonia, Nitric Acid, Ammonium Nitrate and Liquid fertilizers for performing the annual general revision. (Source: company’s [...] Industrial production Thursday, July 08, 2010 In May 2010, the industrial production (gross series) increased compared to the previous month by 4.6% and decreased as a series adjusted in function of the number of working days and of the seasonality by 0.3%. Compared to the corresponding month [...] Unemployment rate Thursday, July 08, 2010 The unemployment rate registered in June stood at 7.44%, compared to 7.67% in May 2010 and 6.0% in the same month of 2009. The total number of unemployed people registered to the regional agencies for labour occupation got to 680,782 people. Of the [...] Rompetrol Rafinare Wednesday, July 07, 2010 Rompetrol Rafinare, a Rompetrol Group company, has completed the first stage of the Delayed Coking Unit Revamp. The first part of this project consists of purchasing of a technology license and the drafting of the basic engineering design, in [...] Industry Wednesday, July 07, 2010 In May 2010, industry’s turnover on the whole (local and foreign market) increased, in nominal terms, compared to the previous month by 5.4%, and compared to the corresponding month of the previous year increased by 14.4%. In the period January 1 [...] BRD Groupe Societe Generale Tuesday, July 06, 2010 BRD – Groupe Societe Generale communicated today that Mr. Herve Barbazange renounced to its mandate as Deputy General Manager of BRD – Groupe Societe Generale, starting by July 1, 2010. (Source: bank’s communiqué) The average earning Monday, July 05, 2010 THE AVERAGE EARNING: In May 2010, the gross nominal average earning got to lei 1962, lower by 0.6% compared to the previous month. The net nominal average earning got to lei 1428, decreasing compared to the previous month by lei 8 (-0.6%). The [...] SIF Muntenia Monday, July 05, 2010 SIF Muntenia subscribed a number of 1,000,000 shares at the share capital increase initiated by Transchim Bucharest. The share capital increase was made at the nominal value of lei 2.5 per share and the total sum subscribed amounts to lei [...] Prices of the industrial production Friday, July 02, 2010 PRICES OF THE INDUSTRIAL PRODUCTION: In May 2010, the prices of the industrial production on the whole (local and external market) increased by 1.3% compared to the previous month and by 6.5% compared to the corresponding month of 2009. (Source: [...] SIF Moldova Friday, July 02, 2010 SIF Moldova purchased on the 30th of June, 2010 a number of 333,333 shares of TAURON POLSKA ENERGIA – Poland, amounting to a total value of lei 1,806,100. (Source: company’s communiqué) International reserves Thursday, July 01, 2010 On June 30th 2010, National Bank of Romania’s foreign exchange reserves stood at EUR 31,627 million, compared to EUR 31,989 million on May 31st 2010. The gold stock has held steady at 103.7 tonnes. However, following the change in the [...] Rompetrol Rafinare - share capital increase Wednesday, June 30, 2010 The shareholders of Rompetrol Rafinare approved the increase of the company’s share capital through a cash contribution in quantum of up to lei 450,000,000. The contribution is destined for a partial payment and redeeming of a corresponding part [...] The unemployment rate Tuesday, June 08, 2010 The unemployment rate registered in May stood at 7.67%, compared to 8.07% in April 2010 and 5.70% in the same month of the year 2009. The total number of unemployed people registered into the registries of the regional agencies for labor employment [...] Trading of BVB shares Monday, June 07, 2010 On the 8th of June, 2010 the shares issued by Bucharest Stock Exchange will begin trading on the BVB regulated market. The shares symbol will be “BVB”. The total number of shares is 7,674,198, with a nominal value of lei 10 per share. The [...] Oltchim - approval of reevaluation Friday, June 04, 2010 The shareholders of Oltchim approved the results of the reevaluation, amounting to EUR 89,567,000, respectively Lei 366,848,518.60, of the tangible fixed assets (land, constructions, and fixed assets) afferent to the petrochemical activity acquired [...] Industry Friday, June 04, 2010 In April 2010, the industry’s turnover on the whole (local and foreign market) dropped, in nominal terms, compared to the previous month by 4%, and compared to the corresponding month of the previous year it increased by 13.2%. In the period [...] Biofarm Thursday, June 03, 2010 The Board of Biofarm communicated that the company received a citation in the File no. 19516/3/2010, pending in Bucharest Court, 5th section, civilian. The complaint has as object claims related to two patents issued in the period 1973 – 1974. [...] Gross Domestic Product Thursday, June 03, 2010 The Gross Domestic Product – seasonally adjusted data – estimated for Q1 2010 was Lei 124541.5 mn in current prices, decreasing – in real terms – by 0.3% compared to Q4 2009. The Gross Domestic Product – gross series - estimated for Q1 [...] Prices of the industrial production Wednesday, June 02, 2010 In April 2010 the prices of the Industrial Production on the whole (local and foreign market) registered an increase of 1.3% compared to the previous month and of 5.6% compared to the corresponding month of 2009. (Source: communiqué of The National [...] Trading of BSE shares Wednesday, June 02, 2010 Bucharest Stock Exchange informs that the shares issued by BUCHAREST STOCK EXCHANGE SA will start trading on June 8, 2010, on the BVB spot regulated market, Equities Sector, Tier 2 shares. Also Bucharest Stock Exchange communicated the financial [...] International reserves Tuesday, June 01, 2010 On May 31st 2010, National Bank of Romania’s foreign exchange reserves stood at EUR 31,989 million, compared to EUR 32,386 million on April 30th 2010. The gold stock has held steady at 103.7 tonnes. However, following the change in the [...] Dafora started new drilling works Tuesday, May 25, 2010 The Company Dafora announced through a press release the start of the drilling Works to the 5th well included in the exploration program of the British Company Aurelian Oil&Gas. The drilling works to the exploration well 1 Climauti (county Suceava) [...] Alro is negotiating an agreement with EBRD Tuesday, May 25, 2010 The aluminum producer Alro is negotiating an agreement with the European Bank for Reconstruction and Development (EBRD) with the purpose of refinancing the bulk of the company’s debts. EBRD considers for funding up to USD 180 mn, of which USD 105 [...] Transelectrica's budget Friday, May 21, 2010 The Board of Transelectrica convened The Shareholders Ordinary General Meeting for June 28th, 2010. On the agenda can be retrieved the approval of the revenues and expenses budget for the year 2010. It is being forecasted a net profit of Lei 4.424 [...] Boromir Prod - results Q1 2010 Wednesday, May 19, 2010 In the first three months of the current year the Company Boromir obtained a net profit of Lei 3.97 mn, which represents an increase of 183% compared to the same period of last year. The operating profit increased by 221% up to Lei 4.17 mn. The [...] Imotrust Wednesday, May 19, 2010 In the Extraordinary General Meeting of May 17th, 2010, the shareholders of Imotrust approved the proposal for mandating The Company’s Board of Directors to take all necessary steps for promoting the Company to Tier II of The Bucharest Stock [...] OMV Petrom's production Tuesday, May 18, 2010 Petrom has recently concluded a very successful offshore campaign in the Lebada Est and Lebada Vest fields, located on Histria block in the Black Sea, using a pioneer technology in Romania. Following this offshore campaign, additional production of [...] BSE's listing Tuesday, May 18, 2010 The Romanian National Securities Commission (CNVM) approved, in its meeting of May 18th, 2010 the prospect and the advertising material drawn up for the admission to trading of the shares issued by Bucharest Stock Exchange (BSE) on the regular [...] Oil Terminal - results Q1 2010 Monday, May 17, 2010 The net profit of Oil Terminal dropped in Q1 2010 by almost 78% compared to Q1 2009, getting to Lei 0.648 mn. The operating profit dropped by 64% to Lei 1.048 mn, on the background of decreasing operating revenues (-14.83%), while the operating [...] THE BALANCE OF PAYMENTS AND EXTERNAL DEBT Monday, May 17, 2010 In 2010 Q1 the balance-of-payments current account posted a deficit of EUR 1,506 million, 65.5 percent higher than in the same period of 2009, due largely to the 62.8 percent decrease year on year in current transfers surplus. Non-residents’ [...] Transgaz (TGN) results on the first quarter Friday, May 14, 2010 The national gas transmission company Transgaz (TGN) recorded a turnover increase in the first quarter of the year of 15% compared with the same period of last year, to lei 446.7 Mn. The profit advance 30% over the same period last year, to lei 189 [...] Condmag (COMI) results on the first quarter Friday, May 14, 2010 Condmag (COMI) has posted a turnover drop of 2.5% on the first quarter compared with first quarter of 2009, to lei 52.5 Mn and a profit of lei 2.6 Mn, 40% lower compared with the similar period of last year. (Source: Company’s communiqué) Rompetrol Well Services (PTR) first quarter results Thursday, May 13, 2010 Rompetrol Well Services (PTR) has posted a turnover drop of 16% on the first quarter compared with first quarter of 2009, to lei 15.3 Mn and a profit of lei 2.6 Mn, 36% lower compared with the similar period of last year. (Source: Company’s [...] Impact (IMP) first quarter results Thursday, May 13, 2010 The real estate developer, Impact SA (IMP), recorded a turnover decrease in the first quarter of the year of 43% compared with the same period of last year, to lei 9.3 Mn. The profit fell by 83% over the same period of last year, to lei 0.21 Mn, [...] Rompetrol Rafinare (RRC) results on the first quarter Wednesday, May 12, 2010 Rompetrol Rafinare (RRC) registered a turnover increase of 20% in the first quarter over the same period of last year, to lei 1.715 Mn. The loss decreased by 23% compared with the first quarter of 2009, to lei 224 Mn, while the company’s revenue [...] GDP in the first quarter Wednesday, May 12, 2010 According to the first estimates of the National Institute of Statistics, the gross domestic product in the first quarter of 2010 is lower by 0.3% compared with the fourth quarter of 2009 and 2.5% lower than the first quarter of 2009. (Source: [...] Flamingo International (FLA) Release Tuesday, May 11, 2010 Flanco International officials said that the positive evolution of the company in the last months gives confidence in the future business development and out of insolvency in September 2010. The company has recovered in March 2010 the market share [...] Compa (CMP) first quarter results Tuesday, May 11, 2010 The automotive parts and accessories manufacturer, Compa SA (CMP), registered a turnover increase of 63% in the first quarter of this year, of lei 80 Mn. The profit was of lei 1.84 Mn, while the company’s revenue advanced to lei 85 Mn, 70% higher [...] Financial package EU Monday, May 10, 2010 On 9/10 May 2010 the Council and the member states decided on a comprehensive package of measures to preserve financial stability in Europe, including a European financial stabilization mechanism, with a total of volume of up to EUR 500 billion. [...] Unemployment rate in April Monday, May 10, 2010 Unemployment rate in April was 8.07%, compared to 8.36% in March 2010 and 5.7% in the same month of 2009. The total number of registered unemployed was of 738,187 persons. The counties with the unemployment rate below the national percentage are [...] Macroeconomy Friday, May 07, 2010 The Romanian President Traian Basescu held a press statement yesterday that sent the solution which Romania must adopt to face the crisis. Thus between the option to increase the taxes and that of restructuring costs was chosen the second one which [...] |
