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Cheap credits are not necessarily the most appropriate
Which is the most worthwhile credit: the lei or foreign currency-denominated one? At a first glance, the answer is the dollar-denominated credit because it is cheaper and the interest rate i...
The big bucks come from selling businesses, not scrap iron
In Romania, a country with a free falling economy, there are investors willing to offer millions of dollars for several kilometres of cables linking houses or satellite transmitters, while n...
In the locals, people voted for persons, not for parties
PDSR (Party of Social Democracy) got the highest number of mayor mandates at a national level (32.82 percent), after the second round, but lost the position of Bucharest mayor, which was won...
What's not to understand in an understandable decision
Because of the financial-banking implications of the bankruptcy at the National Investments Fund, officials of the International Monetary Fund have decided - at the demand of the Romanian si...
Pension funds must not share the fate of some mutual funds
Privately-managed public pension funds will account for the largest business during the following decades and, for this reason, the law regulating their establishment will have to be tight,...
Apollo bidders do not give up easily
Competition for the majority stake in stock of Hotel Apollo, headquartered in Constanta, which is owned by SOF, does not seem to lose in intensity. Petre Mihail, the investor that, together...
Omniasig does not give up on Agras, but changes tactics
Insurance company Omniasig Bucharest resumed actions aimed at taking over the shares of farming company Agras. To this purpose, Omniasig launched a purchasing bid for 19.29% of the company s...
Let's not make the Balkans a mobsters' heaven!
(story to be published in tomorrow's issue, March 30) This week in Brussels the World Bank and the EU Executive Commission organise the Conference for Regional Financing in Southeast Europe,...
Year 2000 and still not kicking
(story to published in tomorrow's issue, March 30) We have finally made it into the twenty-first century (or at least some claim we have), but, to my huge disappointment, somehow, things are...