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SIFs, about to be left out of capital market law
The National Securities Commission (CNVM) will submit the consolidated capital market law draft to Parliament this month. The Financial Investment Companies (SIF) risk being left out of this...
Tacit approval to be enforced next month
Starting mid May those applying to get a licence or have it renewed will no longer have to return to the desk from time to time and ask the public servant: "how long before I get an answer?"...
WiFi: just find out what it means, because tomorrow may be too late
At the beginning of the last century, our forefathers were witnessing an incredible technical revolution: they could learn the news from a box called radio. It is now our turn to experience...
The party is over: margins must be cut down to half!
Banks are no longer encouraging Romanians to save money. The interests on banking deposits are just one step away from sliding below the inflation, and have already become real negative for...
Mutual savings banks may be headed for a fall
Have you by any chance forgotten about the people's banks, the financing schemes they promoted and the thousands of people who lost their money? It may all come back to you shortly, under a...
Some companies cannot be privatised
Some of the 23 companies to shed jobs by the end of June will not be possible to privatise and will be closed, Ovidiu Musetescu, Privatisation minister yesterday said. "Some of them will unf...
French Village may be put up for sale
The Banking Assets Resolution Agency (AVAB) is considering forced execution for the Sofitel Hotel, the French Village residential complex, as well as for the French Club and the sports centr...
RomTelecom deal to be signed on Friday
The negotiations between Romanian authorities and officials of the Greek group OTE over the RomTelecom privatisation have been completed; the two parties are prepared to sign the contract on...
Grup As - there's a lesson to be learnt
The Insurance Supervision Commission (CSA) has decided to put Grup AS out of its misery and withdrew its licence. A one million-dollar injection had given the debt-ridden company a breath of...