10.28.2011

Construction materials maker Somaco Grup Prefabricate, owned by Oresa Ventures, has increased its share capital by 22.89 million lei (EUR5.3 million), to RON61.83 million, through the conversion of a more

10.27.2011

The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in unison about more

10.27.2011

Romania is the fourth most vulnerable country if euro zone banks decide to cut their exposure, with debts to such lenders amounting to around 38% of GDP, according to an analysis of UK’s Barclays more

10.26.2011

Rosia Montana Gold Corporation (RMGC) on Wednesday said it will reduce its share capital by 252.7 million lei (EUR58.39 million), to RON359.8 million, from RON612.6 million, by diminishing the face more

10.26.2011

Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday. more

10.25.2011

The return on investment of Romanian employees dropped 12% last year, from 1.53 to 1.34, in terms of pre-tax revenue generated by each employee for every monetary unit (euro, dollar or leu) paid by more

10.24.2011

The shareholders of Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO) on Monday rejected a 40 million lei (EUR9.25 million) share capital increase proposed by The Nova more

10.20.2011

Romania benefited from annual capital inflows of around EUR16 billion on average between 2004 and 2008, but the global financial crisis took a big chunk out which is not coming back, a central bank more

10.18.2011

Romanian government have authorized the head of state-run CEC Bank to resume procedures for a capital increase at the bank, despite past opposition from the European Commission regarding the more

10.17.2011

Foreign banks contributed 850 million lei (EUR200 million) to the local subsidiaries’ capital and announced up to EUR360 million capital injections, to be done in part by the end of 2011. This is to more

10.14.2011

Romanian energy market operator OPCOM will increase its share capital by 23 million lei (EUR5.3 million), to RON26.4 million, the operator’s sole shareholder, state-owned power grid operator more

10.14.2011

Romanian construction company Concefa Sibiu (COFI.RO) on Friday said it will increase its share capital by 6.1 million lei (EUR1.41 million), to RON63 million, since shareholders subscribed less than more

10.13.2011

Italy’s UniCredit is ready to boost the capital of its Romanian subsidiary UniCredit Tiriac Bank to meet potential lending growth, but a final decision will be made together with its local more

10.12.2011

Romanian regional investment funds SIFs, minority holders in Banca Comerciala Romana (BCR) agree in principle with a capital increase at the bank, as the move would strengthen BCR’s position in the more

10.12.2011

Austria’s Erste Group Bank AG (EBS.RO) Wednesday recommended increasing the share capital of its Romanian unit Banca Comerciala Romana (BCR) by 644 million lei (about EUR150 million) to RON1.7 more

10.11.2011

The shareholders of realty developer Impact (IMP.RO) agreed to cut the company’s share capital by 2.1 million lei (EUR485,000), to RON197.8 million, by cancelling shares bought back in previous more

10.11.2011

Volksbank Romania wants to increase its share capital by a EUR100 million to EUR200 million, in a bid to counter the effects of the economic crisis, the lender's chief executive Johann Lurf said more

10.10.2011

Erste Group Bank (EBS.RO) will increase the share capital of Romanian BCR by EUR100 million by the end of the year, through cash contribution, Monday said group representatives. more

10.10.2011

An investment fund controlled by American hedge fund Elliott Associates, has recently been reported as the largest institutional shareholder of investment fund Fondul Proprietatea, with 6.61% of the more

10.04.2011

The Constanta Court has rejected, on Tuesday a challenge filed by the Finance Ministry against the registration of a share capital hike by oil company Rompetrol Rafinare (RRC.RO), which converted debt more

10.04.2011

The Board of Romanian lender Bancpost recommended increasing share capital by 92.6 million lei (EUR21.4 million) to RON1.18 billion, mostly by debt conversion to the benefit of its majority more

09.30.2011

KBC Securities, the largest brokerage firm on the Romanian capital marmet, previously held by Belgium’s KBC, is now controlled by Bogdan Juravle and Sorin Apostol, each holding 47.5% of the capital, more

09.26.2011

Romanian metallic cord and wire manufacturer Cord Buzau (CORZ.RO) increased its share capital by 13.05 million lei (EUR3.03 million) to RON52.37 million, the company said in a statement Monday. more

09.23.2011

Romanian oil refinery Astra Romana (ASP) Ploiesti will contribute in kind to increasing the share capital of Hidro Bitum Teleorman, a company part-held by InterAgro owner Ioan Niculae. more

09.22.2011

Only 12 of the 78 companies currently listed on the main market of the Bucharest Stock Exchange (BVB.RO) have attracted funding from the stock exchange through capital increases, whereas private more