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Shocking news on insurance market - Unita to draft financial recovery plan
Shocking news on the insurance market. Unita, the company backed by Austria's largest insurer - Wiener Stadtische, must submit a financial recovery plan to the Insurance Supervision Commissi...
OTE to focus on Cosmorom
OTE officials yesterday said the company "is planning to focus on identifying an efficient financial strategy for Cosmorom, its Romanian mobile telephony subsidiary," according to a Reuters...
D-Day on real estate market
Players on the real estate market are expecting May 14 more eagerly than the Prague summit last year, when Romania was invited to join the NATO. Whereas joining the North-Atlantic Alliance m...
Romanian State on a quest for strategic investor at Daewoo Craiova
"We shall have to find another investor for the Craiova Plant." Privatisation minister Ovidiu Musetescu yesterday officially admitted that the financial situation of the Daewoo plant was unc...
Bid specialists on top
The mandatory public takeover bids in Q1 this year have turned ING Bank's brokerage firm, ING Securities into the number one broker on both the Stock Exchange and RASDAQ. The transactions ca...
Plant and equipment on top
Romania's exports were worth more than $2.5bn in the first two months of this year, nearly 39% higher than in the same time last year.Imports amounted to about three billion dollars, yet the...
All quiet on the SIF front
The General Shareholders Meetings at the financial investment companies held at the end of last week kept the tradition of the last few years: low shareholder attendance and endorsement of a...
Who bets 1m euro on Sinaia Casino?
Place your bets! The Casino in Sinaia is up for auction and the minimal bet is 1 million euros. How many companies will be interested to invest in an old casino, most successful between WW I...
Intercontinental debuts on Rasdaq
The shares of Intercontinental Hotel Company, owner of the Bucharest-based Lido and Intercontinental, will start being traded on the Rasdaq market today, under the RCHI logo. The company's s...