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New delays in the privatisation of oil, gas and energy companies
The privatisation of SNP (National Oil Company) Petrom, natural gas distributors Distrigaz Nord and Distrigaz Sud, and the Banat and Dobrogea branches of the national power company Electrica...
Petrom, deal of the year for insurers
The biggest deal that lies ahead of insurers and insurance brokers in Romania in 2004 is the privatisation of Petrom, a company whose assets are worth $3bn. The company, which is exposed to...
Grey prospects ahead of Romanian economy in this year
The Romanian foreign trade risks going adrift, as the authorities cannot find levers to contain the skyrocketing of imports, while the incompletely restructured economy is unable to sustain...
La Fourmi's own brands headed to 30% of sales
La Fourmi supermarket chain concluded last year with sales in excess of $17 million, up more than 25% from 2002. The company will have its own bread factory as of this year, as well as a cen...
Catarama mulls acquisition of two plants
Viorel Catarama, owner of the furniture company Elvila, is in talks to buy two furniture plants that he intends to acquire in early 2004. "We will buy two furniture plants, for which we will...
Bucharest rules Top of companies
The best performing companies in Romania were included in a national ranking, which was released on Wednesday by the Trade and Industry Chamber of Romania and the city of Bucharest (CCIRMB)....
Panda, car of the year in Romania
Panda, the model produced by Italian carmaker Fiat and on which the company has pinned its financial recovery hopes, was named "Romania's Car of the Year 2004." The Italian automobile had pr...
Romanians to be allowed to take any amount of foreign currency out of the country
Several weeks ago, the central dailies wrote that Gigi Becali, owner of the Steaua Football Club, allegedly crossed the border with almost 300,000 euros in cash, aiming to award his players...
CNVM nominated by brokers for "Blunder of the year"
The National Securities Commission (CNVM) yesterday managed to take the Romanian capital market by surprise. However, the surprise was not a "crystal-clear" regulation or a measure aimed to...