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Debt trading stuck at Finance Ministry
The Romanian Businesspeople Association (AOAR) and the chairman of the Romanian Commodities Exchange (BRM) on Wednesday accused Finance minister Mihai Tanasescu of having blocked the Governm...
New general manager at ING Romania
Dirk Serbruyns will be the new general manager at ING Romania, branch of the Dutch financial group, replacing Jan Op de Beeck as of September 1. Jan Op de Beeck, who took over the general ma...
Vacuums collecting profit at Arctic
Even though the Arctic brand does not seem to become cookers, washing machines or vacuum cleaners, the introduction of the three new products on the market in the first half of 2003 redouble...
Cable TV triumvirate aims at engulfing the competition
Quietly, without making any fuss, the top three players on the Romanian cable TV market are preparing to put their rivalries aside and bury the fourth competitor. Two foreign investment fund...
Antilopa looks at domestic market
Before 1989, anyone sporting a pair of Antilopa shoes was either part of the Communist party elite or had a friend working in a shoe shop. Over the last few years, though, the massive import...
Franke aims at 12% higher revenues
Franke Romania, the leading sink supplier on the domestic market plans to attain 6.2 million euro sales this year, up more than 12% from 2002, general manager Valeriu Cobaschi said. The comp...
Columna, bankrupt at last
Better late than never. That is what the former lenders of Banca Columna (Columna Bank) must have thought upon learning the National Bank of Romania (NBR) had officially declared it bankrupt...
Debts for shares at Rulmentul
Bearings maker Rulmentul Brasov yesterday summoned the General Shareholders Meeting to turn into shares the $8.5m receivables the Banking Assets Resolution Authority (AVAB) holds over the co...
$15m capital increase at Alprom Slatina
The aluminium processor Alprom Slatina is planning to increase its share capital by 494bn ROL ($14.5 million) by contributions from shareholders. The new shares will be sold to the sharehold...