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Bets on exchange rate from 50,000 euros
The individuals that have more than 50,000 euros available and believe they have an accurate enough vision of the trends on the forex market so as to afford to bet on them, can invest their...
Sicomed wants $30m from Citibank
The pharmaceutical company Sicomed Bucharest is to obtain loans totalling 30 million dollars (nearly 25 million euros) to fund its operations, according to the Bucharest Stock Exchange. The...
BCR Leasing gets 5m euros from EBRD
BCR Leasing, one of the largest players on the domestic leasing market, has taken out a 5 million-euro loan from EBRD, to use as a source of funding for small and medium-sized enterprises. T...
From Romania with pride
All things must come to an end, and so does my tenure in Romania - with suitcases packed fit to burst and a heavy heart I return to the US after nearly four years. This will be my last colum...
Artrom needs 25m euros from Russians
Piping manufacturer Artrom Slatina intends to take out two loans, together worth a total of 25.5 million euros, from Sinara Trading, one of the subsidiaries of the Russian TMK Group, the maj...
SEWS derives 75m euros from wiring
Automotive company SEWS (Sumitomo Electric Wiring System), estimates its turnover for this year to stand at some 50 million pounds sterling (75 million euros), an increase of 30% on 2004. "T...
Mutual funds, light-years away from Europe
The FNI crash and the high yields in the banking system have hindered the development of mutual funds. The Romanian mutual fund market is 72 times smaller than the Hungarian one, 60 times sm...
Caromet asks 2.1m euros from shareholders
Railway vehicle manufacturer Caromet Caransebes is preparing a capital increase by contribution in cash worth 7.5 million RON (2.06 million euros). The proposal of the Board of Directors is...
Tiger Somes, 8.5m euros from packages
Dej-based Romanian-Italian joint venture Tiger Somes, a producer of packaging paper, reported 20% higher sales for the first ten months of this year, compared with the corresponding period o...