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Egnatia tries out retail sector
Egnatia Bank will launch debit and credit cards in the second half of the year, as part of a strategy to approach the retail segment more aggressively. "We will also develop crediting produc...
Softwin does not rule out acquisitions for expansion
Romanian IT company Softwin intends to expand outside Romania, by opening labs in other countries, according to Softwin founder and chief executive Florin Talpes. While other foreign IT comp...
Angelli reaches out to Romanians abroad
Astese Production, the producer of Angelli sparkling wines, believes that consumption on the domestic market will go down this year. For this reason it has established a strategy to expand e...
GM pulls out of race for Craiova factory
General Motors has pulled out of the bidding for the Daewoo factory in Craiova and is in talks with Ford Motor Co and the Renault-Nissan alliance, the other parties interested in a takeover...
International Leasing bonds sold out
International Leasing at the end of last year finished its third bond issue. Worth a total 4.8 million RON (1.3 million euros), the issue was oversubscribed nearly four times, after more tha...
BCR shareholders come out smiling after Erste acquisition
The state will collect 2.25bn euros from the sale of the stake in BCR to Austrian Erste Bank Group. The EBRD and IFC are to get 1.5bn euros, but those that stand to gain the most from this d...
AIG Fund forks out $20 million for 30% in UTI Group
UTI Group, a producer of IT&C and security solutions, of electrical installations and military systems, and investment fund AIG Investment Fund have reached an agreement regarding the sale o...
Zentiva forks out 76.5m euros for Sicomed
Czech company Zentiva, which last month took over 50.99% in pharmaceutical company Sicomed Bucharest, this week will launch a public offer to buy the remaining shares in the Romanian company...
Societe Generale backs out of CEC privatisation race
Societe Generale backs out of CEC privatisation race