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Number of ITC companies set for sharp decline after 2007
Europe is lagging far behind the United States in terms of ITC investments, as well as in terms of the number of jobs in the sector. At the same time, out of the over 6,000 Romanian companie...
Importer of Porsche raises target to 350m euros
Porsche Romania, the importer of Audi, Porsche, Seat, Skoda and Volkswagen cars for Romania, has revised its sales targets upwards after results from the car market for the first half of the...
Lawyers in battle over sale of Banca Comerciala Romana
The privatisation of the largest bank in Romania, Banca Comerciala Romana (BCR), the last major asset still held by the Romanian state, has unleashed a fierce clash among the big law firms h...
GFS Services eyes 10% of meal tickets market
GFS Services, the new player on the meal tickets market, plans to grab a 10% market share by yearend, as it held 0.3% of the market when it was deregulated, and had reached 3.3% in May. a??T...
UBS va investi 500 mil. $ in Bank of China
UBS, a saptea mare banca pe plan mondial, are in vedere achizitionarea unui pachet de actiuni la Bank of China in valoare de 500 de milioane de dolari pentru a-si consolida pozitia pe piata...
Tnuva to team up with Bank of Europe
Bank of Europe will become a partner, with 35% in the $50m investment that Israeli dairy company Tnuva will make on the Romanian market, Arik Raichman, Tnuva general executive manager, was q...
Flow of RON contained to fend off eager customers
As of the afternoon of July 1, when all the cash dispenser networks are to be brought back online, the screens of all ATMs will only display amounts in new ROL (RON). Only that few will be t...
Romania willing to give up some of EU funding
Romania is willing to give up some of the money it is supposed to get from the European Union after accession, if this leads to an agreement on the long-term European budget, President Traia...
Size of BCR stake for sale announced
The Romanian state is to sell a stake of between 50% plus one share and 62% in Banca Comerciala Romana (BCR) to a strategic investor, said Gabriel Zbarcea, who is chairman of the State Asset...