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Petrom strategy done by month's end
The Ministry of Economy and Trade (MEC) on Monday announced it would submit SNP Petrom's privatisation strategy to the Government for approval in the next two weeks. The deadline for publish...
PSD wants to rule by itself after 2004
PSD (Social Democrat Party) yesterday during its National Council launched a strong political offensive whose purpose is to gain the majority party position after the upcoming elections. PSD...
Banca tiriac planning to find buyer by yearend
The controlling interests in Banca tiriac might be sold to a strategic investor by yearend, president Anthony van der Heijden told Ziarul Financiar. This could be the deal of the year on the...
Capital market prices play by the rules
The enforcement of the new regulations drafted by the National Securities Commission (CNVM) on tender offers will mean that anyone wishing to buy stakes during a tender offer will no longer...
TNT raises Romanian bet by $7m
TNT Romania, the local branch of the European express distribution company will invest over $7 million on the domestic market in the next three years, while its total investments so far amou...
Labour Code modified by emergency ordinance
The Government could modify the Labour Code through an emergency ordinance, PSD (Social Democrat Party) deputy chairman Sorin Oprescu on Monday said after the meeting of the Standing Delegat...
NBR Governor admits to inflationary fears, triggered by euro surge
The Romanian central bank was taken by surprise by the euro's surge, as it had not expected the single European currency to embark on such an ascending trend. The inflation target could be j...
Avrig 35 raises bet in Bucharest by $100 million
Avrig 35 SA, one of the largest investors on the Bucharest real estate market, is planning to invest more than $100 million in this field, executive manager Alexander Hergan said. Avrig 35,...
$2.5m in Banca Transilvania shares sold by RIC
Investment fund Romanian Investment Company (RIC) Cyprus has sold Banca Transilvania shares worth more than $2.5 million over the last two months, therefore considerably diminishing its 4.99...