10.14.2011

Romanian state-owned hydropower producer Hidroelectrica took out a credit line worth 120 million lei (EUR27.75 million) from Banca Transilvania (TLV.RO) to fund working capital, the Economy Ministry, more

10.14.2011

The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the last two more

09.29.2011

Romanian lender Banca Transilvania (TLV.RO) plans to buy back 0.11% of its shares in a program aimed to motivate employees, the bank said in a statement Thursday. more

09.15.2011

The managing board of regional investment fund SIF Transilvania (SIF3.RO) called shareholders to meet on October 31 and approve the sale of a 6% stake in lender BCR, the fund said Thursday in a more

09.12.2011

Raiffeisen Capital & Investment on Monday reduced by 14.2% the one-year target price for Banca Transilvania (TLV.RO), to 1.2 lei (EUR0.28) from RON1.4, but maintained the “hold” recommendation. more

08.18.2011

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are seeing their more

08.12.2011

Romanian regional investment fund SIF Transilvania (SIF3.RO) Friday reported total revenue of 147.5 million lei (EUR35.2 million) in the first half, up over threefold on the year. more

08.12.2011

Romanian construction company Transilvania Constructii (COTR.RO) Friday said its first-half net profit rose nearly fourfold on the year to 446,000 lei (EUR104,000), boosted by higher sales. more

08.03.2011

Romania will terminate its contract with constructor Bechtel for 300 km of the Transylvania Highway on which work has not yet started, sources in the Ministry of Transport told online newspaper more

08.03.2011

Analysts say there are signs of recovery in the results of listed banks, but have mixed opinions as to the growth potential of their shares, with some deeming them quite expensive. more

08.02.2011

Romanian brokerage house SSIF Broker (BRK.RO) Tuesday revised downward its 12-month target price for lenders BRD-Groupe Societe Generale (BRD.RO) and Banca Transilvania (TLV.RO), citing unfavorable more

08.01.2011

Romanian lender Banca Transilvania (TLV.RO) Monday said its first-half net profit nearly doubled on the year to 65.6 million lei (EUR15.5 million), on lower provisioning and higher income from more

07.22.2011

Fitch Ratings has affirmed its rating on Romanian lenders Banca Transilvania (TLV.RO), UniCredit Tiriac Bank and ProCredit Bank Romania, the agency said in a statement Friday. more

07.18.2011

SIF Transilvania (SIF3.RO) ended the first half of this year with a profit of almost 90 million lei (EUR21 million), four times higher than in the same period a year ago, while the profits of SIF more

07.04.2011

The Bucharest Court on Monday acquitted the management of Banca Transilvania (TLV.RO), clearing it of insider trading charges in a case regarding trades with the bank's stock, which allegedly caused more

06.16.2011

Romania’s Constitutional Court on Thursday rejected an unconstitutionality claim filed by regional investment fund SIF Transilvania (SIF3.RO) against the 1% limit applied to the stakes of its more

05.31.2011

SIF Transilvania (SIF3.RO) is trying to have the Constitutional Court annul the Government Ordinance of 2005 raising the SIFs' (regional investment funds) stake cap from 0.1% to 1%, as Romanian more

05.23.2011

The Constitutional Court will decide on June 2 the constitutionality of the 1% ceiling applied to stakes in the five regional investment funds, or SIFs. more

05.13.2011

Romanian construction company Transilvania Constructii (COTR.RO) Friday said its net profit rose 32% on the year to 153,000 lei (about EUR37,000) in the first quarter, despite lower sales. more

05.09.2011

Regional investment fund SIF Transilvania (SIF3.RO) Monday extended by four years, until 2015, the mandate held by managing board president Mihai Fercala as general manager. more

05.09.2011

Euro Invest Bank AG has received authorization from Romania’s security commission to take over 99% in local brokerage firm Transilvania Capital, said Günter Woinar, general manager of the Austrian more

05.02.2011

Romanian regional investment fund SIF Transilvania (SIF3.RO) Monday reported a net profit of 23.78 million lei (EUR5.82 million) for the first quarter, compared to a loss of RON3.56 million in the more

04.29.2011

Romanian lender Banca Transilvania (TLV.RO) Friday said its first quarter net profit nearly doubled on the year to 31.76 million lei (EUR7.8 million), on lower provisions and higher income from more

04.28.2011

Shareholders of Romanian lender Banca Transilvania (TLV.RO) approved a share capital increase of 295.7 million lei (EUR72.7 million), to RON1.77 billion, by including reserves from previous years' more

04.28.2011

Shareholders of Romanian regional investment fund SIF Transilvania (SIF3.RO) Thursday agreed to a gross dividend of 0.03 lei (EUR0.007) per share due to 2010 ’s profits. more