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Daewoo Bank sold for $17 million in record time

The transaction through which the group of Italian firms IMM Manufatti Maglierie was supposed to take over the main stake in Daewoo Bank Romania was eventually closed at the end of last week...

Ionela Nuta · 25.02.2003 · 00:00 · 2 min
ZF English

100 million ROL "bill" is out

At a time when NBR has yet to make up its mind about issuing the 1 million ROL bill, some people find the 100 million banknote is not really an exaggeration. It is not a real bill, of course...

Ionela Nuta · 25.02.2003 · 00:00 · 2 min
ZF English

Romanians shoplift $10 million from supermarkets

The merchandise shoplifted from Romanian supermarkets last year was worth some 10 million dollars, according to market estimates. This is a lot of money for Romania, but extremely little if...

Ionut Bonoiu · 24.02.2003 · 00:00 · 2 min
ZF English

Carrefour harvests 100 million euros per hectare

11,500 euros. This is the amount sold by Carrefour per each square metre in its Bucharest-based store last year. Is it a little, is it a lot? We'll spare you the calculations: this means 100...

Ionut Bonoiu · 18.02.2003 · 00:00 · 2 min
ZF English

$50 million investments at Electrica

Electrica will invest 1,578bn ROL ($48.3 million) from its own resources this year. The bulk of investments, more than $19.1 million, will be directed to upgrading medium and high voltage ne...

Ziarul Financiar · 14.02.2003 · 00:00 · 1 min
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$75 million from privatisation

The Privatisation Authority (APAPS) estimates 2003 revenues to amount to 2,500bn ROL (approximately $75.4 million), following the privatisation of companies in its portfolio, APAPS officials...

Ziarul Financiar · 06.02.2003 · 00:00 · 1 min
ZF English

GM's $22 million to come in 2004

The $100 million contract between the US group General Motors and CFR Calatori SA for the modernisation of 57 engines will boost Electroputere Craiova's revenues by $22 million. The money, h...

Laurentiu Ispir · 05.02.2003 · 00:00 · 1 min
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64 million euros for Valea Prahovei

The Busteni-Gura Diham-Poiana Izvoarelor-Poiana Costila area might be turned into a touristic resort under a privately-funded 64 million euro project. "The area is to become a larger resort...

Ziarul Financiar · 05.02.2003 · 00:00 · 1 min
ZF English

Renault spends $18.35 million to delist Automobile Dacia

1,200 ROL/share or a total of 18.35 million dollars. Less than the minority shareholders had hoped for, but more than the Stock Exchange shares are going for: 1,060 ROL. This is the verdict...

Laurentiu Ispir · 24.01.2003 · 00:00 · 2 min