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Vladescu promises to sell T-bills
Starting this autumn, the Ministry of Finance will resume sale of T-bills on the market to fund the 2% of GDP deficit. "Two or three months after the new budget adjustment, we will start to...
Govt. pledges to sell a stake in CEC on capital market
The government will sell on the domestic or external capital markets the remaining shares in CEC (Romanian Savings Bank) after the sale of a 69.9% stake to a strategic investor and of 5% to...
EBRD and GED to sell stakes in Continental hotel chain on BSE
The European Bank for Reconstruction and Development (EBRD) and two financial vehicles of the Spanish GED Capital Development have started procedures to sell their stakes in the Continental...
Daimler Chrysler teams up with Tiriac to sell Mercedes cars
German-American group Daimler Chrysler will become directly involved in the business to sell Mercedes cars on the Romanian market in 2007. It will do so by forming a joint venture with Autor...
Foreigners sell loads of bonds in RON
Demands by foreign investors, interested in investments in RON are forcing big foreign banks to find ways to issue bonds in Romanian currency, now that the Finance Ministry is not present on...
Investment funds sell 33% of Rolast
A stake amounting to almost 33% in the rubber parts manufacturer Rolast Pitesti was transferred on Tuesday on the Bucharest Stock Exchange in a transaction worth 6.8 million RON (almost 2 mi...
Tender has to sell 22% of Ardaf
Tender SA, a company controlled by businessman Ovidiu Tender, is negotiating the sale of a 22% stake it owns in the insurance company Ardaf Cluj, due to regulations of the capital market. Ac...
SIFs do not intend to sell BCR shares
Financial investment companies (SIFs) do not intend to sell the shares they own in Banca Comerciala Romana (Romanian Commercial Bank - BCR), totalling about 30% of the bank''s capital yet, b...
Photos sell 150 Audi Q7s in Romania
Porsche Romania, the biggest domestic car importer, sold 150 units of the new Audi Q7 SUV model, half of the target the company had set for the entire year. The model was officially launched...