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Terapia, eyeing Pharmaplant and Promedic
Pharmaceuticals company Terapia Cluj-Napoca is in talks to buy two Bucharest-based drugmakers: Pharmaplant and Promedic. "These acquisitions will bring added value to Terapia by expanding it...
Prime Minister resigns and wants early elections
The continuous pressure from President Traian Basescu and the decision of the Constitutional Court to declare parts of the law on justice reform unconstitutional have pushed Premier Calin Po...
UniCredito and HVB exit the race for BCR
While in the middle of a merger process, the Italian banking group UniCredito and its German partner, HVB, have decided to withdraw from the privatisation of BCR, banking sources confirmed o...
Citigroup and Texas Pacific team up over BCR
The US financial group Citigroup and investment fund Texas Pacific have indicated they may take part together in the privatisation of Banca Comerciala Romana (BCR), according to Gabriel Zbar...
Brokers bracing for new prices and calculations in RON
Now that the jitters of bringing the card systems back online are over, it is the turn of the forex market and the stock exchange to start dealing with the new ROL (RON). How much will the "...
Banca Transilvania and HVB launch three new mutual funds
BT Asset Management and CA IB Asset Management, the respective investment management divisions of Banca Transilvania and HVB, have received the necessary CNVM licences for the launch of thre...
Turkish investment in fruit and vegetables
Turkish construction company SU Group will finalise a 30,000 square-metre logistic project, SU Market, by November. The centre is located in the north-eastern area of the capital city, on Bu...
7 days till new ROL and counting
One week before the shift to the ROL with fewer zeroes (RON), the banking system is getting ready to pass the logistics and technical test of the transition period around July 1. The fact th...
HP and Ericsson boost investment
USa?? Hewlett-Packard (HP), one of the worlda??s major producers of IT and electronic equipment, and Swedena??s Ericsson, the largest supplier of equipment for 3G telephony, will boost their...