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Non-blue chips turn into moneymakers
Investors have become interested again, during the last two weeks, in those stocks that are not part of the so-called blue-chips group, like IAR Brasov, Mecanica or Socep, which had seemingl...
Comarch turns Bucharest into regional beachhead
Polish IT company Comarch, which provides services to the Metro Cash & Carry chain, intends to turn Romania into a beachhead for its future operations in the region, communication manager Da...
Banks make 470 million-euro profits nine months into the year
The net profits made by commercial banks in the first nine months amount to 1.7bn RON (more than 470 million euros), the same as the profits of the banking system for the whole of 2004, acco...
Romania moves further into Mother America''s fold
I was wracking my brain for a subject that I felt strongly enough about to merit bashing at a keyboard for 30 minutes before my Thursday deadline. The recent truly terrible Bucharest traffic...
UniCredito buys into CA IB, Swiss takes over Active
Italian bank UniCredito Italiano last week became the indirect majority shareholder in CA IB Asset Management, a company managing three mutual funds on the Romanian market, after the Nationa...
Oprean goes into logistics
The international shipping company Oprean, based in Sebes, Alba Iulia, estimates its turnover to go up by more than 15% this year, to 7.8 million dollars (6.3 million euros). "The 2005 turno...
General Prosecutor''s Office dragged into oil war between Patriciu and Iancu brothers
The clash of the Romanian petroleum industry''s heavyweights - Dinu Patriciu, the chairman of the Rompetrol Group, and the Iancu brothers, the owners of Balkan Petroleum - is getting fiercer...
Aker Braila slips into the red
Aker Braila slips into the red
Higher utility prices and strong RON plunge Altur into losses
Higher utility prices and strong RON plunge Altur into losses