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Banca tiriac for sale again
The management of Banca tiriac (tiriac Bank) is in talks with several financial-banking institutions willing to buy a significant stake in the bank, with a decision to be made in the next si...
Reserved forecasts for Terapia
Drugmaker Terapia Cluj-Napoca will distribute to its shareholders a gross dividend of 244 ROL/share from last year's $7.24 million profit (239bn ROL).Terapia shares last traded for 4,450 ROL...
Siderurgica's debt swapped for equity
The Banking Assets Resolution Authority (AVAB) will swap the five million-dollar receivable it holds on Siderurgica for shares accounting for 17.6% in this company, AVAB chairman Ionel Blanc...
Last call for Mara: $8.1m
Mara Hotel in Sinaia will be put up for sale for the last time in mid May, with the starting price set at $8.1 million, half the price asked during the first tender. If no bidder participate...
EBRD swaps Banc Post debt for equity
European Bank for Reconstruction and Development (EBRD) is to swap the $10 million loan granted to Banc Post in 1998 for equity. This would be EBRD's fifth investment in the Romanian banking...
Cris-Tim ready for chip implants
Technology has proven it is no longer enough to take your cow out to graze to convince it to yield milk. Charcuterie producer Cris-Tim is willing to do whatever it takes to convince its 400...
10m euros for Touring Eurolines
Touring Eurolines Bucharest estimates to post 480,000 euro net profit in 2003, while turnover is projected to reach 9.6 million euros. The investments scheduled for this year are worth 800,0...
Mutual savings banks may be headed for a fall
Have you by any chance forgotten about the people's banks, the financing schemes they promoted and the thousands of people who lost their money? It may all come back to you shortly, under a...
$1bn sales for Ispat Sidex in 2002
Ispat Sidex steel and iron plant controlled by LNM Holdings sold one billion dollars' worth last year. It estimates to see turnover grow by 10% and to post profit in 2003, Narenda Chaudhary,...