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Continental investment trips on authorisations
Continental AG (Europe's second-largest tyre producer) aims to invest 110 million euros at its Timisoara-based plant, but is having trouble getting the environment licence. In line with the...
New entry on Romanian capital market: leading investment group Hyposwiss
Hyposwiss, one of Switzerland's main investment groups, has recently entered the Romanian market through one of its investment funds - Hyposwiss Fund-Danube Tiger. Until last year, Hyposwiss...
Higher interests on credits - a risky decision, bankers feel
The increase in the interests on credits, indirectly induced by the central bank through certain monetary policy decisions it might make soon, would be quite risky, bankers feel. Why is that...
First greenfield project on hydroelectric power market
A consortium of five companies headed by private energy company Romelectro was again the only bidder for the $120-$150m hydropower development at Islaz, during the second stage of the tender...
Seaside prices skyrocket, take toll on hotel revenues
The price of a seaside holiday has increased three times in the last five years, although no investments were made in modernising or improving the quality of services, travel agency official...
Government, IMF talks hit deadlock on budget deficit
Romania will see through the current stand-by agreement with the International Monetary Fund in October, but only after pledging to start negotiations for a new agreement in the very same mo...
Tube running on private energy
Grivco SA, owned by businessman Dan Voiculescu, will supply 260bn ROL's (over $8 million) worth in electrical power to Metrorex SA for a year effective this fall. The electrical power suppli...
Argus increases capital on paper
Argus Constanta, the second-largest edible oil maker in Romania, is planning a $3.56m capital increase, by including the reserves and issuing bonus shares. If the increase is approved, every...
First time on domestic market, AND takes syndicated loan from Romanian banks
A first time for the Romanian financial market: a company, even if state-owned, manages to get a syndicated ROL-denominated loan from Romanian banks instead of getting it in foreign currency...