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EBRD, IFC call for significant changes at Romania's largest bank, BCR
Rationalised structure, improved asset and capital yield, more efficient personnel use, modernisation of the risk management and IT systems, extended implementation of the corporate governan...
Operating income worth 25.4m euros for Banca Tiriac
Banca Tiriac logged 25.4 million euro operating income for the nine months ended September 30, up about 61% from the same time last year, the bank says. The bank did not disclose the net pro...
20-year debt payment plan for Petromidia
Businessman Dinu Patriciu has finally got the $603 million debt issue at Petromidia fixed for the next 20 years, while the State gets bonds in return. Petromidia is to issue bonds dated Sept...
Horizontal growth for Eurolines
Eurolines Romania, provider of international bus transportation, intends to develop its operations horizontally, by establishing a number of divisions operating in different yet related fiel...
ING prepares 100m euro issue for CFR Infrastructura
ING Bank will broker the release of a bond issue by railway company CFR Infrastructura on the international capital markets. The issue should be worth some 100-150 million euros, sources on...
Companies likely to get tax cut for stock and real estate transactions
The companies that will post profit after selling shares, investment fund units or real estate will have to pay only 10% tax for the respective gains, as of next year. If the sale does not y...
Instalments are for high-income people, too
The booming sales in instalments are not obvious only on the low-end sector but also on the high-end segment, which comes with higher quality and higher prices. Since expensive cars are sold...
Longing for the elusive 1%
Were it to attract at least 1% of the conferences organised by the associations of this world every year, Romania would gain 15 million euros more annually, said Tom Hulton, head of internat...
Double revenues for Grawe
Nine-month gross life insurance premiums collected by the Romanian branch of Austrian insurer Grawe were twice higher than those collected in the same time in 2002, reaching 55.2bn ROL. Graw...