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Finance Ministry and NBR compete over cash
No more than 18.25%. This is exactly how much both the Finance Ministry and the National Bank of Romania (NBR) are willing to pay on government securities, and one-month deposits respectivel...
The party is over: margins must be cut down to half!
Banks are no longer encouraging Romanians to save money. The interests on banking deposits are just one step away from sliding below the inflation, and have already become real negative for...
Ruhrgas takes over part of ABB's Romanian operations
German group Ruhrgas, one of the largest energy companies in Europe will take over the Romanian counter maker ABB Rometrics in a matter of weeks, under a $5 million deal, market sources say....
Battle over Iraq reconstruction projects
Which are the lucky companies that made it on the list presented to the US Administration by Finance minister Mihai Tanasescu, including the candidates for the reconstruction contracts in Ir...
Brau Union in negotiations over strategic partnership
Austrian group Brau Union, leader of the Romanian beer market, is negotiating a strategic partnership with one of the international groups SABMiller, Heineken and Scottish-Newcastle, accordi...
Clashes over occupational pension project
Insurers and occupational pension funds management companies (to be set up in 2004) will clash over the management of hundreds of millions of dollars, as shown by the draft law on occupation...
Timken takes Ploiesti over Darlington
US-based Timken, the largest industrial and automotive bearings maker in America, is planning to transfer the productive equipment from a factory in UK to Ploiesti. The move would leave 104...
Storm raging over one third of the world's oil
The ultimatum given by American President George W. Bush to Saddam Hussein expired last night. Our newspaper, which closes at 19.00 hours, has the ingrate mission of informing you about even...
Alro to take over Alprom
Aluminium plant Alro Slatina will become the main shareholder of the other Romanian company operating in this field - Alprom Slatina. The acquisition will simplify the shareholding structure...