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$18m for Ardaf
Cluj-based insurer Ardaf cashed 593.8bn ROL ($17.95m) in insurance premiums in H1, up from the 378.7bn ROL ($11.5m) cashed in the first half of 2002. Moreover, the insurer posted 53.9bn ROL...
Petromidia debt for equity swap may get the go-ahead
After several months of careful consideration, the Government seems to have realised that the only way to solve the problem of Petromidia's historical debts is the solution suggested this sp...
PNL would go for independent candidate
With one year left before the upcoming elections, PNL (National Liberal Party) and PD (Democrat Party) are pushing for an alliance, which would be sealed by September at the latest. However,...
More preferential loans for banking staff
When it comes to loans, banks never overlook their own employees, especially since they are more credible than just any other customers. Under the circumstances, the loan fever has spread fr...
HP helps Transelectrica leave IT worries behind for 50bn ROL
National electricity carrier Transelectrica concluded an outsourcing deal with Hewlett-Packard Romania for renting IT services (hardware, software and maintenance) yesterday. "This is a thre...
Romanian insurance market heading for $1bn boom
The insurance market is heading for $700 million this year and, should the H1 45% growth pace keep up, we may be looking at one billion dollars next year. The soaring numbers can be grounded...
Termoelectrica takes $200 million loan to stock up for winter
Termoelectrica SA, the leading electricity producer and the third-largest company in Romania will contract a $200 million loan in order to build the necessary fuel stocks for the winter of 2...
SIF Moldova getting ready for provisions
SIF Moldova may lose approximately 130bn ROL of its profit by the end of the year, i.e. half the six-month earnings, which might impact on the dividends distributed to its nearly 9 million s...
No downturn for Turbomecanica
Aircraft engine and mechanical parts maker Turbomecanica Bucharest posted $10.42 million (338.45bn ROL) turnover in the first half, up 22% from the same time last year. Profit progressed at...