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SIF stake raise not included in capital market law
The consolidated capital market law that will also regulate the financial investment companies (SIF) does not include any provisions about the biggest stake a shareholder may own in one of t...
Lack of market economy officially acknowledged
Romania did not get the functioning market economy status "because it had to be found as existing first," the interim European Integration minister Vasile Puscas on Wednesday said before the...
Finance Ministry even less keen on domestic market
The reopening of the eurobond issue released this summer is the only option to fund the budgetary deficit without generating inflation, Finance minister Mihai Tanasescu says. In other words,...
Three Romanian brands, 40% of PC market
Three of the top five computer vendors in Romania in Q3 are Romanian companies. The latest IDC survey, which considered the systems sold by the companies under their own brand throughout Jul...
Foreign investors rushing to the Bucharest realty market
The office segment of the real estate market is hot. No sooner had the $30m Europe House deal had been sealed, that both the buyers (the Austrians from Europolis Invest) and the sellers (the...
Romania's billion-dollar defence, infrastructure market has US, EU officials at odds
The diverging political interests of the United States and Europe towards Romania are not exactly breaking news, as the disputes have often found their way in public statements. However, thi...
European Commission won't grant Romania functional market economy status
Romania did not get the much-coveted functional market economy status in the European Commission's 2003 country report, despite the ardent lobbying of the Bucharest administration. Still, Ro...
Mutual funds cut fees to boost market share
The interest rate cuts and the fiercer competition on the market of mutual funds are making increasingly more fund managers start thinking about cutting the fees levied for redemption and mo...
US food giant Bunge has big plans for Romanian edible oil market
Although a relative newcomer to the Romanian market, Bunge Ltd., the American food industry giant, has already made two acquisitions in Romania and is now announcing plans for strong expansi...