casualties
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ZF English
Three-year bonds, casualties of the yields war
The Finance Ministry's third attempt at placing ROL-denominated bonds due in three years has failed again on Thursday. The demand of the banks was over three times higher than the supply, set at 400bn ROL, but the yields they offered, 12.8% -14% a year, made t...
ZF English
First casualties of cigarette war
The effects of the price war on the Romanian tobacco market have started to show. British American Tobacco (BAT) Romania, one of the top ten companies on this market concluded last year with...