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Mobifon and Orange, the most profitable businesses in Romania
The two telecoms companies Mobifon and Orange were Romania's most profitable businesses last year, according to a ranking released yesterday by the National Board of the Private Small and Me...
GPS phones and integrated solutions
Communications remain one of the most dynamic industries in Romania. At least this is what the many events organised in this sector point to. The latest such event, the 2003 Regional Communi...
Sinterom and UZUC eye Serbian factory
While the Romanian authorities are struggling to conclude the privatisation, the domestic companies are ready to aid in this process, yet in that conducted by other countries. The consortium...
LNM consolidates Romanian portfolio, buys Siderurgica and Petrotub
LNM Group, the world's second-largest steel group, has added another two companies to its Romanian portfolio. Thus, the group controlled by the Indian businessman Lakshmi N. Mital, already h...
Bancile conduse de ING ridica finantarea AND spre 100 mil. euro
Administratia Nationala a Drumurilor va semna in zilele urmatoare un contract de credit cu un consortiu format din sase banci si condus de ING Bank Romania, a carui valoare este de aproximat...
Companies likely to get tax cut for stock and real estate transactions
The companies that will post profit after selling shares, investment fund units or real estate will have to pay only 10% tax for the respective gains, as of next year. If the sale does not y...
SIF law: two years of talks and no certainty yet
The raise of the maximum percentage an investor is allowed to own in a Financial Investment Company (SIF) from 0.1% to 1%, taken for granted and eagerly awaited by the players on the Stock E...
Distrigaz-es follow Petrom's and Electrica's lead
The Romanian authorities see the two major natural gas distribution companies on the Romanian market privatised the Petrom style, which entails relinquishing control of the majority stake to...
Energy sector needs new vision and quality management
The restructuring of the energy sector, Romanian economy's biggest arrears maker is no longer a topic of interest for the Economy and Trade Ministry, the main shareholder of the companies in...