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Collapsed mutual fund FNI set tot sell 6bn ROL Sidex stake
The National Investment Fund (FNI) may close its first financial transaction in three and a half years today, although all its accounts were frozen. The fund may sell its stake in steel mill...
BSE-RASDAQ merger set for completion in 2004
The merger of the two regulated capital markets, the Bucharest Stock Exchange (BSE) and RASDAQ will be done next year, BSE manager Stere Farmache said. The merger will be possible to conduct...
Romanian Commercial Bank set to cut lending, announces currencies rate hike
The Romanian Commercial Bank (BCR), Romania's largest bank, yesterday announced a rate hike for the currency loans granted to both natural and legal persons. Interest rates will increase by...
Refrigerating equipment market set to grow
The refrigerating equipment market will see a surge this year, due to the development of the supermarket chains, to the hotel investments, as well as to the construction of new business cent...
BSE and Rasdaq set to merge into single capital market
Although it sounded like a joke only several months ago, the merger between the two Romanian capital markets was yesterday confirmed through a merger project for the Bucharest Stock Exchange...
Who would have thought a TV set will drink our beer?
Until last year, the persons in need of a loan had to start by wooing a bank, then find all the necessary papers and pray that they fit the bank's criteria. However, since last year, when ra...
Procter&Gamble set to consolidate business in Romania
The possibility of a free trade agreement with Yugoslavia has made Procter & Gamble, the US manufacturer of detergents, cosmetics and cleaning products, transfer the detergent production for...
LukOil set to invest $150 million
Russian group LukOil will invest approximately $150 million on the Romanian market this year, with the bulk of investments allocated to the expansion of its gas station network from 90 to 20...
Ovidiu Tender has got his mind set on Libra Bank
The Tender group, owned by businessman Ovidiu Tender, has submitted a bid to acquire Libra Bank, with the final documents already filed with the National Bank of Romania, which is expected t...