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Transelectrica
Transelectrica is an electricity transmission system operator in Romania. It is publicly traded company with 58,69% of the shares being held by the Ministry of Economy and Commerce, 13,5% by Fondul Proprietatea, and 27,81% being floated on the Bucharest Stock Exchange or held by other investors. It is listed at the Bucharest Stock Exchange. Transelectrica is organized in eight territorial transmission branches and one more branch acting as a metering operator for the electricity traded on the wholesale market. Transelectrica also has subsidiaries that take care of different administration tasks. Branches * ST Bucharest which includes Buzău, Călărași, Dâmbovița, Giurgiu, Ialomița, Ilfov, Prahova, and Teleorman counties and the city of Bucharest. It operates 1,240 km of power lines. * ST Constanța which includes Constanța, Tulcea, Galați, Brăila counties and partially that of Ialomița and Vrancea counties. It operates 900 km of power lines. * ST Pitești ...
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Bucharest Stock Exchange
The Bucharest Stock Exchange (BVB) (Romanian: ''Bursa de Valori București'') is the stock exchange of Romania located in Bucharest. In 2019, the capitalization of BVB increased 23.4% compared to the previous year, to the value of EUR 37.8 billion. At the end of 2019 there were 83 companies listed on the BVB. The capitalization of the Romanian capital market in relation to GDP was of 17.9% at the end of 2019. That same year, the stock exchange indices reached their highest level in the past 10 years. The BET index went up 35% and the BET-TR rose more rapidly, by 47%, against the dividends distributed by the companies. At 31 December 2019, the most liquid company within the BVB’s main (Regular) market was Banca Transilvania (TLV), which owns approximately 30% of the total traded value. The following most liquid companies were Fondul Proprietatea (FP), BRD - Groupe Société Générale (BRD), Romgaz (SNG) and OMV Petrom (SNP). In September 2020, the Bucharest Stock Exchange was ...
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Fondul Proprietatea
Fondul Proprietatea is a joint-stock company established by the Romanian state, and is intended to become entirely private and independent from the state. Its specificity lies in the fact that its purpose and its operations are governed by special legislation. Shareholders are limited to those dispossessed owners of their property by the Romanian state during the Communist regime. Origin Romania is a country of the former Eastern Soviet bloc where a very large number of properties (factories, enterprises, houses, apartments, buildings, churches and lands) were confiscated during the Communist Romania era. The state would appropriate illegally, using abusive decrees, the most important being decree nr 92 of 1950, or by means of coercion, more than 400,000 buildings out of which more than 150,000 have been destroyed. In 1995, under the presidency of Ion Iliescu, a law allowed tenants to buy from the Romanian State, at very low cost, real estates built before 1945 that did not ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ...
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Hunedoara County
Hunedoara County () is a county (''județ'') of Romania, in Transylvania, with its capital city at Deva. The county is part of the Danube–Criș–Mureș–Tisa Euroregion. Name In Hungarian, it is known as , in German as , and in Slovak as . The county got its name from the city of Hunedoara (), which is the Romanian transliteration of the Hungarian (, archaic: ), old name of the municipality. That most likely originated from the Hungarian verb meaning 'to close' or 'to die', but may also come from wear the name of the Huns, who were headquartered near for a time and were the first to establish solid rule over the land since the Dacians. Demographics In 2011, the county had a population of 396,253 and the population density was 56.1/km2. * Romanians - 93.31% * Hungarians - 4.09% * Romani - 1.9% * Germans (Transylvanian Saxons) - 0.25% Hunedoara's Jiu River Valley is traditionally a coal-mining region, and its high level of industrialisation drew many people f ...
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Caraș-Severin County
Caraș-Severin () is a county (județ) of Romania on the border with Serbia. The majority of its territory lies within the historical region of Banat, with a few northeastern villages considered part of Transylvania. The county seat is Reșița. The Caraș-Severin county is part of the Danube–Criș–Mureș–Tisa Euroregion. Name In Serbo-Croatian, it is known as ''Karaš Severin''/Караш Северин or ''Karaš-Severinska županija'', in Hungarian as ''Krassó-Szörény megye'', in German as ''Kreis Karasch-Severin'', and in Bulgarian as Караш-Северин (translit. ''Karash-Severin''). Demographics The county is part of the Danube-Kris-Mureș-Tisza euroregion. In 2011, it had a population of 274,277 and a population density of 33.63/km2. The majority of the population (89.23%) are Romanians. There are also Roma (2.74%), Croats (1.88%), Germans – Banat Swabians (1.11%), Serbs (1.82%), Hungarians (1.19%) and Ukrainians (0.94%). Geography With ...
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