The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

The National Authority for Management and Regulation in Communication of Romania (ANCOM) will organize a bid for telecom equipments in October. The regulation body is looking to buy equipments to modernize networks, Internet connection nodes and internal LAN equipments. The value of the contract will reach EUR 1.1 million.

Rompetrol Rafinare, part of the Rompetrol Group, posted a net loss of USD 119 million in the first half of this year, the company has announced. At the same time, the operational result (EBITDA) was negative, amounting to USD 24,7 million. The company's consolidated turnover was of USD 1.76 billion, up 24 percent compared to the same period of last year.

Foreign direct investments went down by 29 percent in the first six months of the year, to EUR 1.8 billion, according to data from the Romanian Central Bank (BNR). These have financed just half of the current account deficit, which was of EUR 1.8 billion during this period.

Rompetrol Well Services, part of the Rompetrol Group, posted a net profit of around EUR 1.3 million (RON 5.6 million) in the first half of the year, which was 29.4 percent lower compared to the same period of last year.

Telecom operator Romtelecom has launched an online portal for the leasing space within its real estate assets across Romania. The website offers over 150 such spaces to lease, from offices top warehouses.

BT Asset Management, part of Banca Transilvania group, has launched the licensing procedure of the BT Index Austria ATX, a passively managed fund on the ATX, the Austrian Traded Index.

EGL Gas & Power Romania will buy wind energy from EDP Renewables Romania's wind park in Pestera, in Constanta county. The project is still under construction and should be functional by the end of this year. The wind farm project has a capacity of 90 MW.

EDS Romania, the local subsidiary of printing house Euro-Druckservice, will invest EUR 5 million in new equipments which would allow the company to print smaller circulation projects.

The Romanian Competition Council has warned the Association of Banks active in the country that the exchange of information about the costs of loans offered to consumers could infringe the competition law and the Eu treaty, if it will be followed by a concerted activity.

The initial public offering (IPO) started by the iFond Financial investment fund has been oversubscribed by 3.5 times, according to preliminary data. The fund has raised RON 7 million- the equivalent of around EUR 1.6 million. The fund will invest half of its assets in Fondul Proprietatea shares.

The National Authority for Management and Regulation in Communication of Romania (ANCOM) will organize a bid for telecom equipments in October. The regulation body is looking to buy equipments to modernize networks, Internet connection nodes and internal LAN equipments. The value of the contract will reach EUR 1.1 million.

Rompetrol Rafinare, part of the Rompetrol Group, posted a net loss of USD 119 million in the first half of this year, the company has announced. At the same time, the operational result (EBITDA) was negative, amounting to USD 24,7 million. The company's consolidated turnover was of USD 1.76 billion, up 24 percent compared to the same period of last year.

Foreign direct investments went down by 29 percent in the first six months of the year, to EUR 1.8 billion, according to data from the Romanian Central Bank (BNR). These have financed just half of the current account deficit, which was of EUR 1.8 billion during this period.

Rompetrol Well Services, part of the Rompetrol Group, posted a net profit of around EUR 1.3 million (RON 5.6 million) in the first half of the year, which was 29.4 percent lower compared to the same period of last year.

Telecom operator Romtelecom has launched an online portal for the leasing space within its real estate assets across Romania. The website offers over 150 such spaces to lease, from offices top warehouses.

BT Asset Management, part of Banca Transilvania group, has launched the licensing procedure of the BT Index Austria ATX, a passively managed fund on the ATX, the Austrian Traded Index.

EGL Gas & Power Romania will buy wind energy from EDP Renewables Romania's wind park in Pestera, in Constanta county. The project is still under construction and should be functional by the end of this year. The wind farm project has a capacity of 90 MW.

EDS Romania, the local subsidiary of printing house Euro-Druckservice, will invest EUR 5 million in new equipments which would allow the company to print smaller circulation projects.

The Romanian Competition Council has warned the Association of Banks active in the country that the exchange of information about the costs of loans offered to consumers could infringe the competition law and the Eu treaty, if it will be followed by a concerted activity.