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Eurobonds for domestic market
The Finance Ministry is trying to launch a foreign-currency denominated bond issue on the domestic market this year. The ministry will most likely choose the euro as the currency of the bond...
Eurobank, cash for aggressive growth
The first move announced by Greece's Eurobank after last year's takeover of Banc Post is a capital increase, in order to preserve a stake above 51% in the Romanian bank, together with Banco...
Goodyear looking for partnership in Romania
American tyre maker Goodyear is interested in starting production on the Romanian market, yet it would rather wait for an opportunity to team up with a local producer. "We are always open to...
Alpha Bank pushes for retail, relies on corporate
Four offices by the end of July, three new products by May, new lending facilities by cards. These are some of Alpha Bank's retail expansion projects, along with the development of the corpo...
$30m sales for Timken Romania
Timken Romania last year logged $30 million in sales, which means the company's turnover has practically doubled in the past two years, as it has transferred part of its operations to Romani...
No more position for MPs
The Government yesterday decided that MPs can no longer be members of company Boards (CA) or General Assemblies of Shareholders (AGA), irrespective of the companies' capital, said the Execut...
Retroactive norms for six weeks
The enforcement guidelines for the income tax were published in the Official Gazette on Tuesday, six weeks after coming into force, on January 1, 2003. The normative act includes a list of a...
$6m simulator for Nuclearelectrica
Canada-based CAE, one of the world's leading suppliers of simulators for electrical power plants, has concluded a contract with Nuclearelectrica to upgrade its simulator at the Unit 1 of the...
Growing demand for malls
Dozens of famous brands are eager to enter the Romanian market, yet the companies that represent them cannot find the necessary spaces, the operators on the real estate market say. And since...