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Eurom Bank branches out into leasing, insurance
Eurom Bank aims to double its market share in terms of banking assets this year, get a bigger slice of the retail ad SME segment and start providing complex products and services by promotin...
EBRD feeds cash into Billa
The European Bank for Reconstruction and Development (EBRD) on January 14 will analyse a project intended to finance the expansion of the Austria-based Billa Group's subsidiaries in Romania,...
Unirea turns into Nova Bank
After almost one year of talks and negotiations, a group of Russian investors has managed to legally take over a Romanian bank, Unirea. The Russians had its name changed to Nova Bank. The in...
Want to smoke a cigarette? Go out into the street
As of December 21, 2002, company employees are supposed to go out into the streets. Or at least they should get out of their offices, plants or factories, not to protest against some governm...
MOL looking into Petrom opportunity
Hungarian oil group MOL is considering opportunities for acquisitions, alliances or partnerships on the Romanian market and in the entire Central and Eastern Europe. The privatisation of the...
Stock Exchange Commissioner launches probing into BRD transactions
Stock Exchange Commissioner Ionel Oprea has launched an investigation into this month's transactions with shares of Banca RomAâsna pentru Dezvoltare (Romanian Development Bank - BRD), to d...
One day into the spotlight
President Bush has put Romania into the spotlight. For several hours, international TV stations broadcast parts of his speech to Romanians. Unexpectedly, Bucharest was presented as the capit...
Fiscal relaxation turns into bluff
The much-advertised fiscal relaxation has turned out to be a bluff. The cut in the social security contribution, the unemployment fund contribution and the medical insurance contribution and...
Adamescu steps into the spotlight
The new owner of Astra insurance company and owner of the Unirea Shopping Center, Dan Adamescu stepped into the spotlight on Wednesday for the first time since 1990. He announced the investm...