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New regulations for delisting by shareholders
Shareholders in companies listed on the Stock Exchange can decide to withdraw such companies from trading, even if they hold a stake accounting for less than 95 percent of the stock. This ca...
25% more cookers for Electrolux
Electrolux Romania, the domestic arm of the Swedish electrical home appliances producer Electrolux, will next year reach a production capacity of 1.2 million freestanding cookers, with the p...
Sales up 35% for Gedeon Richter
Gedeon Richter Romania posted 26 million-euro (31.2 million dollars) sales in Romania last year, higher than in 2004 when it posted 19.4 million euros, according to the unconsolidated result...
Romanian software makers, "cheap" for another 20 years
Though Romania has seen IT labour costs rise in recent years, its advantage over the Western countries from this point of view will persist over the next 20 years, Alfonso Di Ianni, Oracle S...
Basescu cites battle for SIF shares in anti-corruption speech
The five financial investment companies (SIFs) on Wednesday night became the last subject approached by President Traian Basescu in relation to the interest groups in the economy, groups he...
6 million euros for Kaufland Alba a?" Iulia
German retailer Kaufland, part of the Lidl & Schwartz group, invested 6 million euros in a store in Alba-Iulia, the fourth store in the network since the retailer''s entry on the local marke...
Two German firms drop out of race for Bucharest
The German energy producer E.ON, one of the largest groups in the world in the utility sector, has left the race to acquire the capital''s electricity distributor, the most valuable company...
Gigi Becali sells plot of land for 16 million euros
Considered to be one the most important landowners, Gigi Becali has recently sold a plot of land located in northern Bucharest for approximately 15 million euros, sources on the market said....
No room for young ambassadors
Almost 40% of Romania''s ambassadors are more than 60 years old, with 15% of them even exceeding the legal retirement age of 65. Ambassador positions are among the best paid and most coveted...