Franklin Templeton, the manager of Fondul Proprietatea (BVB: FP), submitted for approval to the Financial Supervisory Authority (ASF) an application to increase the size of the buy-back scheme currently underway up to 1.67 billion FP shares, the equivalent to 29.4% of the fund's capital.
It is expected that details of the public tender offer as amended to be announced if and when the approval is received from the FSA, which is likely to occur within ten business days according to the regulations...
Constanța’s historic Casino will reopen to the public between May 21 and 25 as part of the Constanța Days events. The building, which has undergone extensive restoration in recent years, will be accessible to visitors for the first time since the start of renovation works. Constanța City Hall announced a special program for the occasion, […]
Real estate investor-developer Hagag Development Europe said it is entering the hospitality market in Romania with its first hotel project in Bucharest, developed in partnership with Radisson Hotel Group. The future hotel, Radisson RED Bucharest Old Town, will be the first Radisson RED in the country. The project involves a EUR 13 million investment and […]
The prosecutors investigating the theft of the Dacian gold treasure from the Drents museum in Assen, Netherlands, believe that the items were not melted down but hidden by the arrestees. The Dutch Public Prosecutor's...
NAGA, the Frankfurt Stock Exchange-listed fintech active in over 100 countries, launches NAGA Earn, a new service aimed at investors looking to earn a return on idle cash sitting in trading accounts. With NAGA Earn, users receive a benefit similar to interest, applied directly to the available cash balance of their euro trading accounts, with […]
Update: Andrei Muraru, the Romanian ambassador to the United States, has responded to the statements made by George Simion, the AUR presidential candidate, who thanked the US for not including Romania in the Visa Waiver Program. He said that Simion’s remarks reflect a blatant disregard for Romania’s national interest and the rights of Romanian citizens, adding that […]
In an attempt to demonstrate the support he enjoys from the US administration in his race for the Romanian presidency, far-right candidate George Simion claimed that the Homeland Security Department had congratulated him after his win in the first round, according to
