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Rolast sees profit again
Synthetic rubber parts maker Rolast Pitesti will become profitable after the first half of this year, after having posted about $20,000 losses in Q1. The approximately $40,000 profit will co...
Nova Bank increases capital again
The shareholders of Nova Bank (former Unirea Bank) have endorsed a 200bn ROL capital increase, up to 600 billion ROL, during the latest General Meeting. This is the second capital increase t...
Tender for Islaz held again
Romanian energy group Romelectro is the only bidder for the project to build the hydropower plant in Islaz, an investment estimated to $125 million, Hidroelectrica sources said. As the legal...
Taxation: changing changes again
The wonder-law used by the Finance Ministry to put an end to the problems caused by several "slip-ups" in the recent fiscal legislation, as well as to eliminate any new tax evasion-friendly...
MobiFon pays dividends again
MobiFon, the leading Romanian GSM mobile telephony operator according to the number of clients is distributing dividends again and therefore helping its main shareholder, the Canadian teleco...
Banca tiriac for sale again
The management of Banca tiriac (tiriac Bank) is in talks with several financial-banking institutions willing to buy a significant stake in the bank, with a decision to be made in the next si...
Three-year bonds again
The Finance Ministry this month will release two more ROL-denominated T-bills issues bearing interest and maturing in three years worth 800bn ROL, twice higher than last month. Individuals m...
Inflation outperforms mutual funds again
The mutual funds part of the National Union of Collective Placement Bodies (UNOPC) have once again failed to keep up with inflation in the first month of this year. Their shares went up 1.1%...
Arctic sees profit again
Sales of refrigerator maker Arctic Gaesti posted a 36% increase in real terms in 2002 as compared to the previous year. The company's turnover amounted to 1,707 billion ROL ($51m) last year....