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ROL credits ready for takeoff
Companies and natural persons alike are beginning to favour credits in ROL over foreign currency lending, unlike the first half of 2002, when the euro and the dollar were the top financing c...
No demand for Maybach in Romania
The richest men in Romania are not rushing to buy the "trendiest" deluxe car available on the international market this year. At least this is what the representatives of Autorom, official i...
Two investment scenarios for Petrom
The shareholders of Romania's largest company, SNP (National Oil Company) Petrom, have decided to tie the next three years' minimal investments to the international oil prices. The first sce...
Debt pardon for certain companies
The state-run companies subordinated to the Ministry of Industry and Resources will grant a respite to the companies pending privatisation, allowing them to defer the payment of penalties an...
Big companies vying for SAPARD money
The first winners of the battle for the financing provided through the European Union's SAPARD Programme will be announced this week, Agriculture Ministry officials said. The funds will be r...
Sweet profits for Excelent
Sweets maker Excelent Bucharest logged 60bn ROL ($1.8 million) in net profit in the first nine months of 2002, up more than 80% in real terms since the same time last year.Still, the fourth...
BCR may open for IFC and EBRD
Premier Adrian Nastase has made up his mind about the privatisation of Banca Comerciala RomAâsna (Romanian Commercial Bank - BCR), after two failed attempts to find a strategic investor. N...
Petrom sale strategy pushed for next year
Investment banks Credit Suisse First Boston (CSFB) and ING Barings will come up with their strategy drafts for the privatisation of Romania's largest company, SNP (National Oil Company) Petr...
$6m for Otelinox
Otelinox Targoviste, a company listed on the first tier of the Bucharest Stock Exchange, is to increase share capital by 54.5bn ROL following the issue of new shares. The capital increase is...