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Management buys another 5% in Turbomecanica
Investment fund Romanian Investment Company Cyprus (RIC) sold its five percent interest in aircraft engine and subassembly maker Turbomecanica Bucharest on the Stock Exchange on Friday. The...
RASDAQ suspends another 101 companies
RASDAQ will suspend another 101 companies from trading as of this week, due to their failure to meet one or more listing criteria. The number of companies suspended from RASDAQ in view of de...
Impact seeks another $20m
Real estate developer Impact Bucharest's Board of Directors will seek its shareholders' approval for a new loan worth $20 million. The company needs the money to finance part of the Green Fi...
Premier forms "parallel" cabinet, coordinates another 21 institutions
After the government restructuring, all the newspaper headlines read: Government Nastase II. They were right. But not in the chronological sense. In fact, as revealed by the emergency ordina...
US dollar takes another plunge on Romanian market
How low can the dollar go without impacting on the Romanian economy? Without demand for USD loans soaring again? How high can the euro go without messing the forecasts of the central bank, w...
Selgros to open another 7 stores
Selgros, the cash & carry division of the German trade group Rewe will come to own 11 stores in Romania in the next three years. The company, which currently holds four cash & carry-type sto...
Marionnaud prepares another six perfumeries
French perfumery group Marionnaud, operating in Romania through Ina International and Privilege International Cosmetic, will continue to expand on the Romanian market by opening another six...
Continental to invest another $10m
Contifluid, part of German group Continental, will invest more than $10m in building a plant in the Timisoara-based Friedorf industrial park. Radu Radoslav, head of the Timisoara City Hall U...
Tanasescu expects another IMF tranche
Romania's Easter present from the IMF could be the fourth tranche of the stand-by loan, worth about $75 million. This, however, will not happen unless the Fund's Board, scheduled to meet on...