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Piraeus Bank Romania plans to grow by itself
Greek Piraeus Bank is not planning, at least not for the time being, to expand on the Romanian market by buying another bank or by a merger, as its development plan for the next three years...
Stock Exchange disturbed by petrochemical colossus
The idea of building a petrochemical colossus to encompass Oltchim and the petrochemical divisions of the Petromidia Refinery held by Rompetrol and Arpechim Refinery, held by SNP Petrom, too...
Petrom wooed by 21 suitors
The Office for State Interests and Industry Privatisation (OPSPI) at the end of last week released a list with 21 potential investors, interested in the privatisation of SNP (National Oil Co...
Intrarom sees turnover shrink by 50%
Telecom equipment maker Intrarom Bucharest logged approximately $55 million turnover in 2002, compared with $118.7 million in 2001, general manager Mihai Gherman said. "The 2000 and 2001 res...
Pay phones envisioned by 51 companies
The only operator capable of challenging RomTelecom's reign on the Romanian fixed telephony market at the moment could be Societatea Nationala a Cailor Ferate (National Railway Company). At...
Mutual funds plagued by underperformance
The increase of the open investment fund shares in December kept below the inflationary rate, as it had also done in November. Investments in mutual funds in December produced a 1.3% yield o...
Rolast hit by strong ROL and bad market
Synthetic rubber marks maker Rolast Pitesti's 2002 financial results will be lower than those in the previous year, because of the bad conditions on the foreign markets, the stabilisation of...
Investment funds outrun by inflation
The net asset of mutual investment funds averaged only 0.7% increase in November, much below inflation (2.6%) and the ROL depreciation (1.5%). This is the first time the funds are lagging be...
FDI outstripped by the wages of Romanians working abroad
Foreign direct investment (FDI) was left behind this year by the amounts of money coming from the Romanians working abroad.The capital inflows from current transfers make up for the modest c...