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Most likely scenario for Petrom: sale of 30-40% stake and capital increase
SNP (National Oil Company) Petrom, the largest company on the Romanian market, may be privatised through the direct sale of a 30-40% stake in the company, with the strategic investor to hold...
Exchange rate, no threat for inflation
The Governor of the National Bank of Romania (NBR), Mugur Isarescu, feels a higher appreciation of the single European currency against the dollar - even as high as to reach $1.2 for 1 euro,...
Zero redemption fee for Simfonia 1
Simfonia 1, the largest mutual fund on the Romanian market, will no longer charge any fees for redemption of shares, although they had previously reached as high as 4% in the case of investm...
Over 2.5 million customers for Orange Romania
Orange Romania had come to total more than 2.5 million clients by the end of May. The number of customers might increase to 2.9 million by yearend, CEO Bernard Moscheni told Mediafax. It was...
Tender for Islaz held again
Romanian energy group Romelectro is the only bidder for the project to build the hydropower plant in Islaz, an investment estimated to $125 million, Hidroelectrica sources said. As the legal...
30m euro sales for Romcar
Romcar, the official importer of Mazda and Ford on the Romanian market, estimates to post 30 million euro turnover for this year, up about 36% from last year, general manager Viorel Niculesc...
Hard times for mutual funds, tighter supervision looms ahead
The yield of Romanian mutual funds, as small as it is, could be in for a new a time of decline. The reason is not the decline in interests, but the enforcement of new regulations. The new pr...
Sharp decline in demand for gas and oil ducts
The makers of oil and gas ducts have logged 30%-60% lower revenues in the first few months of this year. Following completion of the $185 million project to increase the natural gas transit...
Astral Telecom applies for $10m from EBRD
The largest foreign investor in Romania ($2.2bn), the European Bank for Reconstruction and Development (EBRD), might help Astral Telecom fulfil its ambition to become the first operator to p...