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Aureola 06 calls the shots on RASDAQ
Cluj-based brokerage firm Aureola 06 is the undisputed leader of the financial investment service companies in terms of traded value on RASDAQ, with transactions worth 2,985bn ROL (about $90...
Ovidiu Tender has got his mind set on Libra Bank
The Tender group, owned by businessman Ovidiu Tender, has submitted a bid to acquire Libra Bank, with the final documents already filed with the National Bank of Romania, which is expected t...
Four more players on card market
Half of the banks operating in Romania will be card issuers this year, following the entry of four more banks on this market in 2003, at least according to their statements. At the moment, o...
1 January: fireworks, champagne and many newcomers on the telecom market
Many companies were in for a rough morning last week. The staff came to work, only to notice that all Internet communications had been cut. Consequently, operations came to a halt and the co...
Continental to fork out $18m on three hotels
The Continental hotels will welcome three new members in 2004, under an estimated investment of 17-18 million dollars in 2003 alone. Following negotiations with the Accor chain, Continental...
HVB Group to focus on organic growth
Germany's HVB Group is planning to grow on the Romanian market, setting out to attain 5% market share in terms of assets by 2005 and to open 4-6 subsidiaries annually. The bank is thus plann...
Yioula Glassworks moving in on Stirom
Romanian glass plant Stirom Bucharest is about to be taken over by Greek company Yioula Glassworks - Greece's second largest company operating in this field, under a transaction estimated at...
Rolast shareholders on opposite sides
Last week's management change at the synthetic rubber parts maker Rolast Pitesti has sent the main shareholders of the company, three investment funds, on opposite sides. On the one hand, th...
Brainstorming on BCR privatisation
The Government is due to begin talks with the IMF this week in order to find ways to continue the privatisation of Banca Comerciala Romana (Romanian Commercial Bank - BCR).A solution is supp...