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Oil Terminal, 1 year's worth of profit
The gross profit made in Q1 by the oil products reception, storage and shipping company Oil Terminal Constanta actually matches the level the management had set for the entire 2003. Oil Term...
Popa, the new vice-president of BRD
Banca Romana pentru Dezvoltare (Romanian Development Bank - BRD) - Societe Generale (SocGen) will keep focusing on the individual consumer segment by housing loans and cards. The small and m...
Finance Ministry to take on arrears and lack of financial discipline
After launching the campaign against corruption, the Government is now preparing to take on the arrears that are plaguing the economy."The time has come to make some crucial decisions in ord...
EIU, downward revision of Romanian forecasts
The analysts of the Economist Intelligence Unit (EIU), a division of The Economist Group have revised their economic growth forecasts for Romania from 4.8% to 4.6% for 2003 and from 5.3% to...
Ruhrgas takes over part of ABB's Romanian operations
German group Ruhrgas, one of the largest energy companies in Europe will take over the Romanian counter maker ABB Rometrics in a matter of weeks, under a $5 million deal, market sources say....
Floatation of major companies only under consideration
It has been two years since a major state-run company was last listed on the Bucharest Stock Exchange (BSE), yet Prime Minister Adrian Nastase says floatation of "strong" companies is being...
Bank of America to assist Electrica
Bank of America will provide consulting services for privatising power producers and distributors Electrica Moldova and Electrica Oltenia, Doru Laurian Badulescu, head of the Office for Stat...
Three-year bonds, casualties of the yields war
The Finance Ministry's third attempt at placing ROL-denominated bonds due in three years has failed again on Thursday. The demand of the banks was over three times higher than the supply, se...
Consultantul Electrica, Bank of America
Bank of America va asigura serviciile de consultanta pentru privatizarea societatilor de productie si distributie a electricitatii Electrica Moldova si Electrica Oltenia, a declarat Doru Lau...