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RCA campaign pushed for late December
Insurance companies will be allowed to start selling their civil auto liability policies (RCA) for 2003 on December 19, according to the enforcement guidelines of the Law on mandatory civil...
Zapp pays $60m for 85% coverage
CDMA (Code Division Multiple Access) mobile telephony operator Zapp has invested $60 million in the expansion of its territorial coverage over the past few months, according to Cuneyt Turkta...
Reasons for $435m loss
The sharp decline of the Bucharest Stock Exchange and of RASDAQ over the last few weeks is due to the recent changes made by the Government in the securities law, says the Association of Sha...
Risk free responsibility for Labour Code
The Government yesterday took responsibility for the new Labour Code draft before Parliament, in spite of criticism from the business community and the Opposition. This is the fourth time th...
$14m for Sidex stake
LNM Holdings NV, the main shareholder of Galati-based steel mill Ispat Sidex, is to launch a public takeover offer for 13.19% of the plant's capital, for 4,800 ROL/share. The offer amounts t...
CFR Marfa pays 10.5% for debut abroad
CFR Marfa has already raised 100 million euros from its first eurobond issue on the international capital markets, released at the end of last week and due to close any minute now, sources c...
Isarescu goes for "constructive ambiguity"
National Bank of Romania Governor Mugur Isarescu explained that when the central bank mentioned the possibility of the ROL going down faster, that is the ROL/USD exchange rate increasing, he...
Scent of success for Ina Center
Expansion of the store network, the launch of new products and the disappearance of duty-free shops will help Ina International, the cosmetics importer and distributor, to achieve sales wort...
Autumn highs for inflation
Preliminary data for November show inflation has reached 2.4%-2.5%, Development and Prognosis minister Leonard Cazan told Ziarul Financiar. This could be the year's peak, although December m...