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First mortgage credit company in Romania sets sail
Less than a year from the regulation of the mortgage credit market, i.e., practically from the moment the normative act regulating the establishment of the mortgage credit companies enforced...
Oresa Ventures to sell outdoor advertising company Churchill Media
The consolidation of the outdoor advertising market, which started several years ago, may yield a surprise ending sometime in the next few months. Churchill Media, the market's third-largest...
RASDAQ becomes joint stock company
The brokerage firms in Romania at the end of last week endorsed the transformation of RASDAQ from a limited liability company into a joint stock firm. The brokers also agreed to start taking...
EBRD gives 11.5m euros to mortgage company
The European Bank for Reconstruction and Development (EBRD) next month will grant 11.5 million euros to the Romanian-American Mortgage Credit Company, established by the Romanian-American En...
UTI Group aims to float one company
The numerous companies having voiced floatation plans have been joined by a new name: UTI.UTI Group, operating in the field of physical security, IT and communication systems, construction i...
Talks on new telecom company
A Hong Kong-based telecommunications company, with billions of dollars in annual turnover, will send its representatives to Bucharest this week to decide whether establishing a new telecom o...
$11bn US company in Iasi
An international merger resulted in a new owner for Iasi-based Unirea SA edible oil factory - the foodstuffs giant Bunge Ltd. (US).Bunge, which registers $11bn turnover and employs 24,000 pe...
German company brakes in Ploiesti
The 5,000 euro Dacia sure loves company. Even though it has yet to be launched, the part makers are coming. More and more companies dealing in equipment and spare part production, either tra...
Oil company sees plunging profits
Petrolexportimport (foreign trade company dealing with petroleum products) posted nine-month profit worth 18.9 billion ROL (almost $0.6m), down about 75% as compared to the year-ago period....