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Bucharest borrows 500m euros at 4.125% per annum
The eurobond issue launched by the Bucharest Municipality on Friday has been subscribed at a value of 500 million euros and a rate of 4.125% per year, the lowest rate any Romanian entity has...
Private pension funds to be introduced at start of 2006
The first private pension funds are likely to emerge in the first quarter of next year, says Mihai Seitan, chairman of the National Pensions and Other Social Security Rights Office (CNPAS),...
Tax rules for property transactions reach their final form at last
The long-awaited enforcement guidelines for the tax on real estate transactions, the absence of which has frozen the market, have reached the Finance Ministry in their final version. The dec...
Peter Weiss to take over at ABN Amro
Peter Weiss, 46, is to take over as head of ABN Amro Romania next month. He will replace Henk Mulder as chairman of the board and chief executive. Weiss has worked for five years as ABN Amro...
OMV in negotiations with unions for lay-offs at Petrom
Austrian fuels group OMV, the majority shareholder in Petrom, has begun analysing the structure of the Romanian company with a view to deciding how many and which employees it will lay off....
National Bank Governor''s salary revealed at 6,200 euros a month
One of the best kept secrets in the banking system, the salary of the governor of the National Bank of Romania, became public knowledge yesterday following publication on the NBR website of...
Ina Schaeffler investment at 90m euros
Ina Schaeffler, a German company specialised in producing ball bearings, has reached the halfway stage in the second phase of its investment in Brasov. The total investment is expected to re...
L''Oreal Romania expects at least 20m euros
L''Oreal Romania expects at least 20m euros
Plans for capital increase at Asirom
Plans for capital increase at Asirom