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Alro aims for 750m euros in 2006
Alro Slatina, the leading primary aluminium smelter in Central and Eastern Europe, estimates the turnover of the group at whose core it resides to go up by some 30%, to 750 million euros nex...
Equest Balkan earmarks 100m euros for Romania
Real estate investment company Equest Balkan Properties, based in the UK, will invest 100 million euros in the acquisition of office and commercial space on the Romanian market. "The Romania...
Blom pays $98m for MISR Bank
Lebanese bank Blom has increased its stake in the Romanian-Egyptian MISR Romania Bank to 97.78%, after having bought 84.24% for 86.7 million dollars, an announcement sent by the institution...
Final bids for BCR until Dec 20
Erste Bank and Millennium BCP have until Tuesday, December 20, to submit their improved financial bids for the stake of almost 62% in Banca Comerciala Romana. The winner will be known on Wed...
Revamped image for Antibiotice
State-owned pharmaceutical company Antibiotice Iasi has started a process to create a new corporate image for itself, in view of privatisation, company officials say. The total costs of the...
German fund pays 3.8m euros for 40% in Ulker
The German Investment Fund (DEG), with a portfolio of over 100 million euros in Romania, will acquire 40% in the Ulker biscuit plant located near Bucharest, in the wake of a share capital in...
No takers for Herastrau Imobiliare bonds
Herastrau Imobiliare failed in its attempt to raise 7 million euros from the market through an issue of bonds, in order to develop a residential project, because it did not manage to sell en...
New accounting rules for groups of firm
Groups of firms may be exempted, starting next year, from the obligation to draw up consolidated financial statements, if they have a total turnover worth less than 35 million euros and have...
ECB interest rate hike to blame for decline on BSE?
Stocks on the Bucharest Stock Exchange started the week by going down, confirming the trend seen at the end of last week. All stock markets in the region ended the day in decline. The BET in...