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UniCredito and HVB exit the race for BCR
While in the middle of a merger process, the Italian banking group UniCredito and its German partner, HVB, have decided to withdraw from the privatisation of BCR, banking sources confirmed o...
Broker sells Comvex for 1.1m euros
Securities firm SSIF Broker sold a stake in the harbour operator Comvex Constanta for 4 million RON (1.1 million euros) on the RASDAQ on Monday, sources close to the company said. The stake...
Brokers bracing for new prices and calculations in RON
Now that the jitters of bringing the card systems back online are over, it is the turn of the forex market and the stock exchange to start dealing with the new ROL (RON). How much will the "...
Dobrogea Grup starts biscuit production for Unilever
Milling and bakery industry player Dobrogea Grup has completed an over 7 million-euro investment in a new mill and a bread-making production line. The company has begun producing for multina...
No set profit target for Generali
Generali Asigurari expects its revenues from gross premiums underwritten to reach some 1,100bn ROL (30.5 million euros) this year, according to the companya??s general manager Tudor Moldovan...
Number of ITC companies set for sharp decline after 2007
Europe is lagging far behind the United States in terms of ITC investments, as well as in terms of the number of jobs in the sector. At the same time, out of the over 6,000 Romanian companie...
Regatta finds investors for 50m-euro project
Real estate company Regatta announced on Monday that it had found a number of investors willing to allocate some 50 million euros to the development of a residential complex of 180 houses in...
DuPont has big plans for Romania
US giant DuPont has gained a foothold on the Romanian market by opening a subsidiary. The 27bn-dollar company also announced it was eyeing acquisitions and planning construction of greenfiel...
Automobile Craiova retains lawyers for negotiations
Automobile Craiovaa??s General Meeting of Shareholders decided to close another legal assistance contract with a law firm to sort out the debt issue and get the necessary counseling in order...