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Austria's Lasselsberger likely to take over ceramics company Sanex
Austrian group Lasselsberger, one of Europe's largest construction materials groups, is in talks for the takeover of 67.4% in Sanex Cluj Napoca, Romania's biggest ceramic tiles maker. The tr...
National Bank, Finance Ministry clash over budget deficit financing
No sooner had the IMF's Board of directors voted for the first-ever completion of a stand-by agreement concluded with Romania after 1989 that a new dispute between the central bank and the F...
Iliescu: Efficiency prevails over money in Petrom's case
The privatisation of SNP Petrom, the largest company on the Romanian market, must be regarded as an efficient operation and not from the standpoint of the amount of money the State will be m...
Economic restructuring has bankers concerned over loan repayment rate
What is the connection between the restructuring of state-owned enterprises and a potential extra worry for the bank managers? The link is very simple to trace: the beginning of state-owned...
Minority shareholders, Economy Ministry fight over Petrom
Between submitting the letters of intent and drafting the shortlist with the successful candidates, the privatisation process of SNP (National Oil Company) Petrom has entered an unexpected '...
Minority shareholders, Economy Ministry fight over Petrom
Between submitting the letters of intent and drafting the shortlist with the successful candidates, the privatisation process of SNP (National Oil Company) Petrom has entered an unexpected '...
Over $3 million profit for SIFs in August
The five financial investment companies made 109bn ROL (more than $3 million) profit in August, so that their eight-month profits amount to 1,276bn ROL ($30 million). August can be regarded...
65 investments worth over $1m, FDI climbs 12.09%
Sixty-five investment projects exceeding $1 million were logged in the first eight months of the year, with the total value amounting to $633.6 million. According to the Romanian Foreign Inv...
Battle over bronze medal on banking market
The battle on the Romanian banking market will be fought for the third place only, as the top two banks, Banca Comerciala Romana (Romanian Commercial Bank - BCR) and BancaRomana pentru Dezvo...