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Three suitors for RoBank
Hungary's biggest bank, OTP, is interested to buy RoBank, for which it competes against Piraeus Bank and a Dutch fund, The Netherlands Development Finance Company (FMO), banking system sourc...
Larger sales for small appliances
French producer SEB, whose brand portfolio includes Moulinex, Rowenta and Krups, estimates sales of small home appliances (irons, electric grills, mixers, food processors, toasters or juice...
Encouraging results for JTI in 2003
Cigarette producer JTI Romania saw turnover grow 57% in 2003 compared with the previous year, to 154.4 million euros. "We concluded 2003 with encouraging results, which give us reason to hop...
EU accession prompts significant growth for CEE stock markets
The big international investors are rushing to buy assets in the countries that are about to join the European Union. Consequently, all the large stock exchanges in Central and Eastern Europ...
UK Ambassador looking for opportunities
United Kingdom's Ambassador in Bucharest, Quinton Quayle, on Monday met with Constanta Prefect Gheorghe Martin to discuss certain details about reinvesting the funds derived from the purchas...
Clock ticking for small banks
The stockholders of banks with small market shares (less than 1%) have little time left to make some money from selling their stakes. As the European Union accession date gets closer, the le...
Kandia, Excelent prepare for merger
Kandia, Romania's third-largest chocolate producer is preparing the merger by absorption with Excelent, a move that will create a new leader on this market. The company has summoned the Shar...
Sale of minority stake might work for Cosmorom
The Cosmorom soap opera goes on. Communications and IT minister Dan Nica who attended the conference held at the opening of the Israel Hi-tech exhibition in Romania, said the Board of Direct...
Vel Pitar headed for 60m-euro turnover
Milling and bakery company Vel Pitar Ramnicu-Valcea anticipates to see 2,571bn ROL (63 million euro) turnover this year, 60% higher than the turnover logged for 2003, 1,585bn ROL. "The growt...