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Rates for ROL loans down to less than 10%
Volksbank yesterday slashed interests for ROL-denominated loans to 9.5% per year, down 5.5 percentage points. The new level is applied to both real estate loans and consumer loans, with vari...
Central Bank Governor pleads for long-term stable fiscal policy
Romania needs a 5 to 10 year vision of fiscal policy, so as to avoid problems caused to the business environment by the fluctuations of taxes that go down one year and up again the next, NBR...
PepsiAmericas acquires 49% in QABCL for 51m dollars
PepsiAmericas Inc has acquired 49% in the outstanding common stock of Quadrant Amroq Bottling Company Limited (QABCL) for 51 million dollars. QABCL is a holding company that, through subsidi...
Size of BCR stake for sale announced
The Romanian state is to sell a stake of between 50% plus one share and 62% in Banca Comerciala Romana (BCR) to a strategic investor, said Gabriel Zbarcea, who is chairman of the State Asset...
Gazprom pushes for Romanian entry through E.ON
Russian giant Gazprom is trying to regain the ground it conceded last year when it lost out in the bidding process for natural gas distributor Distrigaz Sud. It now plans to enter Romania th...
No clear targets for Ursus exports
Ursus, the main brand belonging to South African brewer SAB Miller in Romania and one of the market leaders on the premium segment of the Romanian beer market, is yet to find a place in the...
Leasing used for only 6% of investments
Romania ranks just above the bottom place among European states in terms of investments funded in leasing, with a mere 6.34%, less than half of the European average of 14.78%, reveals the an...
Dufa sells offices for 6m euros
Dufa Romania, a varnish and dye producer and one of the top-three players on the market, recently sold the class A office building it owned in the north of the capital in a deal put at 6.5 m...
$12m for Orangina''s debut
Carlsrom Beverages, which recently acquired the licence to bottle the Orangina soft drink on the Romanian market, has announced total investments in the brand of 12 million dollars (9.2 mill...