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Enel, E.ON & CEZ are out of the supplier race for Petrom
Energy giants Enel (Italy), E.ON (Germany) and CEZ (the Czech Republic) have lost the race for the approximately 112 million-euro contract to supply energy for the exploration and production...
RON no longer convincing for savings
The increase registered by deposits came to a sudden halt early this year, both in RON and foreign currencies, despite the rising interest rates paid out by banks. The population's RON-denom...
Annual interest rates top 9% for deposits in RON
Greek-based Banca Romaneasca has increased the annual interest rate on deposits in RON to 9.1% for three-month deposits - a record high, according to financial data sent to ZF. At the end of...
NBR prepares for electronic processing of cheques
It will be possible for cheques and other paper-based debt payment instruments (promissory notes and bills of exchange) to be electronically processed, with the NBR (National Bank of Romania...
LaborMed sold for 123m euros after 6-month process
The sale of drug manufacturer LaborMed Pharma, acquired by US investment fund Advent, first began in June 2007, when shareholders were reticent to exit the company completely. At the time, t...
20m euros for office building
British investment group City Capital has bought the Buzesti Business Center, located close to Bucharest's Victoriei Square, in a transaction estimated at 20 million euros. Businessman Ion C...
Schoenherr: Celesio wanted a low price for PharmaFarm
German giant Celesio, one of the largest drug distributors in Europe, has been in negotiations with two foreign players to sell its stake in Cluj-based PharmaFarm, which it had indirectly se...
Mercedes leaning towards Romania as location for new plant
The Daimler Group, owner of the Mercedes-Benz brand, favours Romania over Poland for a potential new plant, according to the specialised publication Automotive News Europe, which quotes comp...
Magnetto Wheels produces 1.8m rims for Dacia
Automotive components producer Magnetto Wheels Romania estimates it will manufacture around 3.3 million wheel rims this year, with more than half delivered to Automobile Dacia. Last year, Ma...