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Enel pays more for Electrica branches
Italy's energy group Enel has submitted a more balanced bid for Electrica Banat and Electrica Dobrogea in terms of stake price and investment programme, sources close to the privatisation pr...
New records for stock exchange investors
The shares listed on the Stock Exchange are still the best investment option, but this trend has been even more obvious in 2004. The BET index, which mirrors the evolution of the main stocks...
1.95bn-euro turnover for Electrica
Electrica, one of the top two companies on the Romanian market, estimates gross profit of 525bn ROL (12.8 million euros) for this year, while turnover should reach 79,923bn ROL (1.95bn euros...
Private pensions: waiting for the legislation
The beginning of reform in the Romanian pension system has put the business environment on alert: insurance companies voice interest in managing the pension funds to be established at some p...
12m euro sales for Elpreco in 2003
Construction materials producer Elpreco Craiova ended last year with 42bn ROL (1.19 million euro) net profit, up 75% from 2002. The 2003 turnover amounts to 450bn ROL (11.9 million euros), c...
Wienerberger buys brick mill for 9m euros
Wienerberger Sisteme de Caramizi (Brick Systems), the Romanian subsidiary of the Austrian construction supplies group, bought a brick mill in Sibiu for 9 million euros, the representatives o...
Romanian hub for East European operations
US company Atlas Telecom Network, the supplier of semi-mobile telecommunication services (Digital Enhanced Cordless Telecommunications - DECT) has decided to coordinate its expansion to Cent...
Nastase lobbies for quicker CAS cut
Prime Minister Adrian Nastase has said that he is in favour of a faster reduction in the social security contributions (CAS), which should go down to approximately 40-42% of the gross salary...
60m-euro EBRD loan for Petrom in Kazakhstan
SNP Petrom will contract a 60 million-euro loan from the European Bank for Reconstruction and Development (EBRD), to be used for its oil operations in Kazakhstan, general manager Gheorghe Co...