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Wolfgang Schoiswohl, interim president of Banca Tiriac
Wolfgang Schoiswohl will hold the position of chairman of the Board of Directors and president of Banca Ion Tiriac, until the merger with HVB Bank Romania is completed, after Selcuk Saldirak...
Bank of Cyprus se lupta cu francezii pentru Emporiki
Bank of Cyprus (BOC), cea mai mare banca cipriota, a facut o oferta de achizitionare a Emporiki Bank of Greece pentru 3,78 mld. euro, superioara ofertei rivalilor de la Credit Agricole din F...
Budget deficit raise expected to pressure balance of payments
The National Bank believes that as long as the money from the increase in the budget deficit from 0.9% to 2.5% of GDP is mainly directed at investment projects, there will be more pressure o...
State gives up capital increase of Oltchim
The Ministry of Economy and Trade will give up the capital increase at Oltchim. The measure is necessary in order for the privatisation process of the company to be set in motion by the end...
Petrom, one of the top tenants in Bucharest
Petrom, the biggest company in Romania - a part of the Austrian group OMV, is one of the tenants on the market of office space in the Capital. The petroleum company has class A office space...
Alpha Bank wants 8% share of lending market
Alpha Bank plans to attain a 7.5-8% share of the market of non-governmental lending by the end of 2008, says Sergiu Oprescu, executive vice-president of the bank. At the end of March, the to...
Alpha Bank reinvests 22m euros of its profit
Alpha Bank has operated a capital increase by 78.5 million RON (equivalent to a little more than 22 million euros), by incorporating reserves set up from the net profit. In the wake of this...
Cosmetics, 15-20% of Henkel's local business
The cosmetics segment of the consumer goods company Henkel accounts for up to 20% of the turnover generated in Romania, stated Martin Schittengruber, manager of the company's cosmetics divis...
Seroussi prefers losses to loss of foreign customers
Businessman Joseph Seroussi, one of the most important producers in the textile industry, will focus more on the domestic market on short term in order to offset the negative effects of the...