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Erste Group set to raise at least 1.6 billion euros in cash by sale of new shares
Erste Group, the majority shareholder of BCR, is launching a public offering of shares today whereby it intends to raise at least 1.6 billion euros to increase its capital, given that BCR, too, might need additional capital to offset the deterioration of the f...
Analysts: The NBR will not raise interest rates after August deflation
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable...
Fund managers raise fees to drive speculators away
Mutual fund manager Certinvest has decided to triple the short-term repurchase fees for its Intercapital equity fund, which was the target of speculators in the first quarter. More than half...
Automobile Dacia: "We cannot give a 51% raise because of losses"
The 550 RON fixed increase (51%) in addition to bonus increases and the profit-sharing condition, as requested by Sindicatul Automobile Dacia (Automobile Dacia Union - SAD), cannot be grante...
RCS&RDS could raise 390 to 540m $ in London
On November 6, RCS&RDS will put up for sale on the London Stock Exchange 74.436 Global Depositary Receipts (GDR, representing its non-voting preference shares), at a price ranging between 5....
Next Patriarch's no.1 task: raise money for Cathedral
The most important task for Romania's next Patriarch will be the construction of the Cathedral of the Nation's Absolution, which is set to cost several hundred million euros and for which th...
British fund Equest to raise another 50m euros for Romanian investment
British real estate investment fund Equest Balkan Properties, which owns eight properties on the domestic market, aims to raise funds worth 50 million euros by September this year from the A...
Banca Transilvania seeks to raise 41 million euros from shareholders
Banca Transilvania, the largest Romanian-controlled bank, intends to increase its share capital by about 217.7 million RON (65 million euros), by capitalising the net profit of 2006 and the...
Banks invent or raise fees to cover loan interest drop
Small loan interests are more and more often offset by management fees, which are levied on a monthly basis as a percentage of the account, thus lifting real loan costs. Only 3 of the 15 ban...