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Law firms vying for $1-1.5m legal counselling for Petrom privatisation
The privatisation of SNP (National Oil Company) Petrom is the event of the year, not only on the oil market or for the Romanian finances, but also for the corporate law, as the legal counsel...
Investment fund for Romania
The European Bank for Reconstruction and Development (EBRD) may participate in a 300m-euro project, to establish a private investment fund, which will mainly operate in Poland and will inves...
Farming sector potential not enough for banks
The banks see agriculture as a high-risk sector compared to other fields they direct their cash to, which is actually the main reason why little financing actually reaches the sector, a surv...
Layoffs for privatisation
LNM Holdings BV Group conditions takeover of Petrotub Roman and Siderurgica Resita to shedding 4,400 jobs, an issue now under negotiation with the Privatisation Authority (APAPS) officials....
Businesspeople exchange cars and planes for choppers
The road infrastructure is lacking and aeroplanes can only land in airports so that more and more business people and top bankers are making a transportation choice few people used to make b...
Fiscal incentives for state-run companies
A number of companies subordinated to the Economy and Trade Ministry and to the Ministry of Transports, Constructions and Tourism will not have to pay their dues to the state budget, social...
Romania, market value booster for LukOil
The management of Russian oil group LukOil wants to boost the company's market value, and one of the steps taken in this regard is optimising efficiency of its Bulgarian, Serbian and Romania...
Big plans for Terapia
American financial group Advent International, the new owner of drugmaker Terapia Cluj-Napoca plans to double the company's sales in the next 4 or 5 years so that it could sell it to a strat...
"Outstanding" Q3 for Kraft Romania
Kraft Foods Romania (KFRo)'s sales seem to have started to rebound from the 2002 decline, as the parent company announced "outstanding" Q3 results on the domestic market, as well as in Polan...