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BSE and Rasdaq mulling merger in a bid to cut costs and gain investors' trust
High trading costs, shrinking liquidity, few attractive listed companies, and, most of all, upcoming competition from other capital markets. This is the almost critical situation of Romania'...
French and German investments in Sibiu
Six foreign companies have announced plans to run about 15 million euro investments in the Sura Mica industrial park in Sibiu, the manager of the company administrating the park, Stefan Soim...
US and EU recession hits Radauti
Textile producer Bucovina Tex did not exactly have a good 2002. After having posted $5.3 million turnover in 2001, the company saw it shrink to $4.6 million last year. At the same time, wher...
BCR starts with EBRD and IFC
The privatisation of Romania's largest bank - Romanian Commercial Bank (BCR) may end in two to four years after the process begins with the EBRD and IFC, says Privatisation minister Ovidiu M...
AND vrea sa repare 1.000 de kilometri de drumuri
Administratia Nationala a Drumurilor (AND) va efectua, in acest an, lucrari de reabilitare la aproximativ 1.000 de kilometri de drumuri nationale, a declarat, ieri, Miron Mitrea, ministrul L...
PRO TV and CME post visible growth
Pro TV's net revenues went up 3% last year, reaching $33,5 million, compared with the $32.5 million in 2001, American Central Media Enterprises (CME), which controls the TV station, announce...
BCR negotiations with EBRD and IFC
The Government will meet today to discuss a memorandum mandating the Privatisation Commission of the Romanian Commercial Bank (BCR) to negotiate the sale of a 25% stake in the bank with the...
HP launches "buy and try" in Romania
"Just return it if you don't like it" is no new concept for the international marketing. It is used in Romania, as well, although it is the buyer that has to press for it and is even regulat...
CFR Calatori and LukOil sign $59m deal
LukOil Downstream, Russian LukOil Group's division handling fuel distribution and sale in Romania, will supply 100,000 tonnes of diesel oil to CFR Calatori in an about $59 million deal this...