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Mobexpert preparing new hypermarkets for Bucharest and Sofia
Mobexpert Group, the leading player on the domestic furniture market, is in talks to open two new furniture hypermarkets, one of which located in southern Bucharest and the other one in Sofi...
New delays in the privatisation of oil, gas and energy companies
The privatisation of SNP (National Oil Company) Petrom, natural gas distributors Distrigaz Nord and Distrigaz Sud, and the Banat and Dobrogea branches of the national power company Electrica...
Deposits, foreign currency and shares as money magnet
The brokers on the Bucharest Stock Exchange (BSE) expect shares to provide much better yields than banking deposits and government securities in 2004. The prospects look even more promising...
CEC eyes brokerage and leasing
Casa de Economii si Consemnatiuni (Romanian Savings Bank - CEC) is not giving up the idea of establishing a securities firm and a leasing company, which are actually two of its goals for 200...
BCR eyed by ING and HVB again?
The Romanian market, even though no longer offering the yields of the previous years, is still looking good to international banking groups. Especially where retail is concerned. A proof to...
2003: soaring current account deficit and record-high revenues for retail
An optimist always sees the glass as half-full, whereas a pessimist only notices the empty half. However, now that the time has come to draw the line and summarise the year that has almost p...
Romania should focus on IT, textiles and farming
The sectors Romania should focus on in order to develop foreign trade are the information technology, the light industry and ecological farming, a report by the UNCTAD's International Trade...
SocGen and AIG Fund exit Luxten
Investment funds AIG New Europe Fund and Societe Generale Romania Fund (SGRF) are soon to sell their stakes in Luxten electricity group in a $30-$35 million transaction, sources close to thi...
Raiffeisen Bank and ABN Amro on top
Raiffeisen Bank and ABN Amro Bank are still progressing at the fastest pace of all banks in terms of banking assets. The data supplied by the National Bank of Romania (NBR) show the two came...