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Enel okays financial bid for Electrica
The Board of Italian energy group Enel has endorsed the final bid for the majority stake in two branches of the Romanian power distributor, Electrica: Electrica Banat and Electrica Dobrogea....
Petrom, equally priced for investors and employees
SNP Petrom's employees will have the possibility to buy up to 8% in the company at the same price as asked of the strategic investor, the note calling shareholders for an Extraordinary Gener...
Tourists make good target for retailers opening stores in Brasov
Most of the international retailers have entered the Romanian market via Bucharest. Now that things have started to calm down in the Capital, as it became quite full of stores, the first com...
Domestic currency, safe bet for investments
Those who heeded the advice of National Bank of Romania (NBR) Governor Mugur Isarescu and placed their bets on the domestic currency early in the year have logged hefty gains. On the other h...
$4m improvement for Ana Imep
Electric motors producer Ana Imep, controlled by businessman George Copos keeps improving its financial situation, though this will probably not make the minority shareholders of the company...
New law forces banks to find other ways for consolidation
The banks operating in the Romanian system will be disbursing increasingly lower dividends to their shareholders in the future, as most of the net income will be used to consolidate their eq...
12 times lower profit for Rompetrol Well Services
Oil industry service provider Rompetrol Well Services Ploiesti's profit last year was worth 8.5bn ROL ($0.25 million), 12 times lower than the year before. The turnover, however, rose slight...
Another year of massive losses for Tractorul
Agricultural equipment maker Tractorul Brasov (UTB) concluded last year with 910bn ROL losses ($27 million), as its expenses were almost twice higher than its revenues. Losses fell slightly...
Sound growth for ProTV in 2003
ProTV, Acasa TV and ProTV International television stations witnessed sound, sustained growth in their financial results last year, therefore significantly contributing to the overall perfor...