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OMV says it can afford to buy Petrom on its own
Austrian oil group OMV, one of the ten candidates still in the race for Petrom says it has the necessary financial strength to buy the largest company on the Romanian market on its own. At t...
National Bank ready to put a damper on exchange rate speculations
The National Bank is ready to sell up to 300 million euros on the forex market by yearend, to put a lid on the potential speculative surges of the ROL exchange rate. The first move was made...
Finance Ministry even less keen on domestic market
The reopening of the eurobond issue released this summer is the only option to fund the budgetary deficit without generating inflation, Finance minister Mihai Tanasescu says. In other words,...
GeCAD on the lookout for special software ideas
Five months after selling the RAV anti-virus technology to Microsoft, GeCAD Software, the company run by businessman Radu Georgescu is on the lookout for ideas. Not just any ideas, however,...
Rompetrol Rafinare stock price soars on debt rescheduling, split rumours
In only one week, Dinu Patriciu added tens of millions of dollars to his fortune, not in cash, but due to the soaring market capitalisation of one of the companies where he is, indirectly, t...
Astral Telecom spends $2 million on its looks
Astral Telecom started out as a cable TV operator ten years ago. It then became an ISP, as well, and is to turn into an integrated communications operator, which includes local telephony for...
Conpet turnover on schedule
State-owned Conpet Ploiesti, a company providing oil and oil product transport services, posted more than $30 million turnover in the first nine months this year, says general manager Petre...
Tax on reinvested profit kept
Dropping the reinvested profit tax is not an efficient step to take, as it is discriminatory, the Finance Ministry says in an answer to the requests of the representatives of various SMEs. "...
Carriers privatised on capital market?
The companies in the railway and air transport industry, as well as those in the tourism industry, will also be possible to privatise by selling their shares through capital market specific...