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After Muntenia Sud, Enel targets gas company
Italian-based Enel, the new owner of Electrica Muntenia Sud, the most valuable electricity company on the local market, is interested in the acquisition of a natural gas company, to provide...
Pan Group posts 10m-euro turnover after five months
Pan Group Craiova, one of the leading players in the milling and bakery industry, posted an over 10 million-euro turnover in the first five months of the year, 25% more than the same time la...
After six weeks pension funds yield between 2.4% and 3.7%
Four of the 14 active mandatory pension funds yielded profits in the first six weeks since their launch, whilst the rest were in the red. Mandatory pension funds (2nd pillar) ranged from -2....
NBR: 137m-euro profit after years of losses
The rising prices of gold and RON decline have driven the central bank's balance sheet into the black. Last year, the National Bank generated net income worth a little more than 137m euros,...
Euler Hermes opens branch after notifying CSA
Euler Hermes, a German group that specialises in commercial credit insurance, entered the local market by setting up a local branch, based on the establishment right that EU companies have,...
-1.6% to 3.5% yields for mandatory pension fund after first month
The biggest yield after the first month of investing clients' money was recorded by ING, leader of the privately managed pensions market. Mandatory pension funds (2nd pillar) ranged from -1....
Capital Partners: Major deals postponed until after elections
The domestic M&A market is still affected by the international financial crisis, but investment funds remain interested in Romania and other emerging markets, states Lionachescu. He attended...
Mega Image steps into the black after organic growth
Mega Image, Bucharest's biggest supermarket network, stepped into the black last year, after the company registered financial losses worth 2 million euros in 2006. "The rising number of cust...
Budget falls into deficit after five months: 0.34% of GDP
The general consolidated budget posted a budget deficit of 0.34% of the GDP at the end of May, sources from the Ministry of Economy and Finance told ZF, after the finance minister forecast a...