Alte stiri din categoria: ENGLISH


EBRD takes part in Romania’s largest ever IPO with an 8.6 per cent stake in Electrica

The European Bank for Reconstruction and Development (EBRD) has invested over RON 320 million (equivalent to €75 million) for an 8.6 per cent stake in Romania’s electricity distribution company S.C. Electrica S.A., as the firm moves towards privatisation in the country’s largest-ever IPO. Electrica, the first Romanian company of which a majority stake is sold in an IPO, is simultaneously listed on the Bucharest Stock Exchange and the London Stock Exchange with a free float of 51.2 per cent. S.C. Electrica S.A., with headquarters in Bucharest, serves around 3.5 million customers in north-western, central, southern and south-eastern Romania. The EBRD is investing in the company to help finance an ambitious investment strategy to upgrade the detalii


EBA publishes report on risks and vulnerabilities of the EU banking sector

The European Banking Authority (EBA) published today its fifth semi-annual report on risks and vulnerabilities of the EU banking sector. The report shows improvements in market sentiment and confidence which has allowed banks to increase their capital levels ahead of the 2014 EU-wide stress test and to continue the repair of their balance sheets. However, the report cautions about ongoing uncertainties on asset valuations and future profitability in an environment where the signs of recovery remain modest and fragile. The report also draws attention to looming redress costs related to conduct issues as well as to geo-political concerns in emerging markets, which could lead to risk aversion and to an impact on capital flows. Throughout the first half of 2014, detalii


IFC Boosts Smaller Businesses, Women Entrepreneurs in Romania

IFC, a member of the World Bank Group, approved a €35 million loan to Garanti Bank Romania to help finance the country’s small and medium businesses, with €20 million for on-lending to companies owned or managed by women. This is IFC’s second loan to Garanti detalii


Statement at the Conclusion of the IMF and EC Staff Visit to Romania

IMF Press Release No. 14/279, June 12, 2014

Teams from the International Monetary Fund (IMF) and the European Commission (EC) visited Bucharest during June 2-12, 2014 to conduct discussions on the third review under the IMF Stand-By Arrangement (SBA) and on the first review of Romania’s precautionary balance of payments program with the European Union.

The economy has continued to recover and is now expected to grow by 2.8 percent this year. Fiscal imbalances have been reduced and the current account deficit has remained low. Looking forward, the teams have had constructive discussions with the Romanian authorities on how to ensure further progress and have reached agreement on important policies in this regard. However, some issues remain outstanding. The detalii



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