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BCR gets $200m from over 20 banks
BCR gets $200m from over 20 banks
Over $170m paid with plastic
The foreign tourists last year spent more than $171 million through Visa cards in Romania, some $68 million of which accounted for transactions in shops, hotels, restaurants and gas stations...
TIW increases indirect control over Connex
Telesystem International Wireless Inc. has said it will buy back a 13% interest in its unit ClearWave NV from two institutional shareholders, implicitly increasing its interests in MobiFon a...
Dispute over tobacco advertising
The Health Ministry proposed a law draft to prohibit any kind of tobacco products advertising as of next year. The measure, intended to bring Romania up to the European Union standards, is c...
ARIS negotiates over $350m in new investments
The Romanian Agency for Foreign Investments (ARIS) is working on ten investment projects aimed at the automotive industry, the wood industry, trade, services and heavy industry, which are wo...
FRAI takes over Intercapital Invest
The Romanian-American Investment Fund (FRAI) took over a 51% stake in brokerage company Intercapital Invest, through investment management company Certinvest. The stake was bought from busin...
RoBank takes cash over profit
The net profit of commercial bank RoBank fell 36.4% compared with 2002, from 187.1bn ROL to 119bn ROL, a decline the bank accepted in order to maintain a high liquidity level. "The profit de...
Saint-Gobain invests over 100m euro in Calarasi
French Saint-Gobain Group, one of the leading glass producers in the world, has decided to invest more than 100 million euros in a production facility in Calarasi, through its Saint-Gobain V...
Flanco and Flamingo battle over TV sets and PCs
The fridge and the TV set from Flanco, the computer from Flamingo. This is what the decision to purchase various electronic home products and appliances used to look like several years ago....