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SIF to undergo transformation. Into what?
"The stipulations of this law apply accordingly to the financial investment companies, as well." This is one of the last paragraphs of the consolidated capital market law draft now debated b...
Megapress goes into magazine business
Megapress, the third-largest player on the printery market in Romania is planning to go into magazine printing following a $5-$7 million investment in the acquisition of a new rotary press,...
Popescu: Utility suppliers have turned into some sort of bank
Two years and a half since taking his position, Dan Ioan Popescu, former Industry and Resources minister and currently Economy and Trade minister admits temporary defeat to arrears. "As for...
Landini to feed $40m into Tractorul
Italy-based Landini, which is now negotiating the acquisition of the controlling interests in Tractorul Brasov with the Privatisation Authority (APAPS), presented the latter an investment pr...
Foreign currency reserve: NBR starts delving into safes
National Bank of Romania's (NBR) foreign currency reserves fell 481.3 million euros in May, as the central bank was forced to delve into its pockets more often last month in order to contain...
RomTelecom desks turn into commercial centres
Turning the bill collection desks into commercial centres, outsourcing bill collection, testing new sales concepts "live" and focusing on corporate clients. These are the main points of RomT...
BSE and Rasdaq set to merge into single capital market
Although it sounded like a joke only several months ago, the merger between the two Romanian capital markets was yesterday confirmed through a merger project for the Bucharest Stock Exchange...
Beware of whom you bump into, as one in three cars is not insured
It is advisable not to engage in car crashes when you drive. But if you do, beware of whom you bump into. About one million car drivers do not own a civil auto liability (RCA) policy, even t...
Industrial halls to turn into commercial complexes or residential spaces
Bucharest is teeming with industrial halls, either out of use or still operational. Beside these spaces, the former state-owned enterprises also have huge plots of lands, for which no use ha...