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Retail starts paying off for Raiffeisen
The retail sector and the products developed for this market have started to contribute to Raiffeisen Bank's growth as of this year, whereas in 2002, it was the financing for companies that...
Bunge buys Muntenia for $3m
US-based Bunge Ltd. will consolidate its position on the edible oil market, following takeover of Muntenia Bucharest. The Americans managed to buy 92% of the Muntenia shares on RASDAQ throug...
$80m loan for POSTelecom
The Export-Import Bank of China will lend $80m to telecommunications operator POSTelecom for the acquisition of infrastructure equipment, Gabriel Mateescu, chairman of the National Romanian...
Tractorul saves itself for Landini
The Government has authorised the Privatisation Authority (APAPS) through an ordinance enacted on Thursday to sell the state's interest in Tractorul UTB Brasov to Italian Landini Spa by dire...
Active funds ready for merger
The merger of three of the mutual funds managed by Active Management International is about to be completed, following the endorsement of the conversion options for the shares by the Nationa...
Enel, the sole suitor for Electrica
Italian state-run energy group Enel is the only contender left in the race for the privatisation of Electrica Banat and Dobrogea, although the privatisation procedures have not even reached...
$100m for the new telecom
Chinese company Zhongxing Telecommunication Equipment (ZTE) has won the auction to supply $100 million equipment to the Romanian telecom operator POSTelecom, sources from the Romanian compan...
Slower H1 progress for Banca Romaneasca
BancaRomaneasca (Romanian Bank) posted 96bn ROL gross profit in H1, compared with 92.7bn ROL in the same time in 2002. The gross profit went up about 4% in nominal terms but, looking at the...
Lek changes plans for Romania
The acquisition of Slovenian Lek Company by Swiss Novartis Group will entail a major reconsideration of the operations of the two companies in Romania: the newest Lek factory in Targu Mures...