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Too little and unefficient work keeps Romanians away from the EU
Slow-paced industrial output growth, increasingly costly imports and an inflation rate being pushed downwards by a tight monetary policy. This is the general picture of an economy that wants...
BCR plans bonds and floatation
Banca Comerciala Romana (Romanian Commercial Bank - BCR) will release an eurobond issue on the international markets in the second half this year. The issue will be worth about 100-150 milli...
Leasing market dominated by car importers and banks
The four big leasing companies within the Association of Leasing Companies in Romania (ASLR) last year accounted for more than 30% of the over 1.4bn-euro contracts concluded on the Romanian...
Elite takes to peanuts and seeds
Coffee producer Elite International early this year entered the peanut and roasted seeds market, launching its Delis line, following investment in a new production facility in Bucharest. Its...
Petrom, equally priced for investors and employees
SNP Petrom's employees will have the possibility to buy up to 8% in the company at the same price as asked of the strategic investor, the note calling shareholders for an Extraordinary Gener...
Generali relies on banks and brokers
Generali insurance company will pursue consolidation on the Romanian market through strengthening its sales force, as well as thorough tighter co-operation with the banks and the leading int...
Raiffeisen and Bear Stearns feed 250m euros into Bechtel deal in 2004
The Ministry of Transports, Constructions and Tourism is negotiating the loan contract with the syndicate comprising Raiffeisen Bank Austria and Bear Stearns (US) for the partial funding of...
HVB and West LB lend CFR 60m euros
German HVB and West LB banks will lend CFR Calatori more than 60 million euros for importing the last batch of 21 self-propelled Desiro trains made by the Siemens Group in Germany, sources a...
Consumer lending, alive and kicking
The new lending norms set by the National Bank of Romania have entered effect this month and already impacted upon the business of electronic and home appliance stores, which last year great...