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Broker to be involved in several mergers
Broker Cluj, the only financial brokerage firm listed on the Stock Exchange, is contemplating a series of mergers in order to consolidate its position on the market, primarily because of Rom...
Battle of the banks over accounts worth several million euros
At least half a billion euros. That is how much the accounts are worth that the big banks are managing for their over 3,000 individual customers with at least 100,000 euros in cash each. Mar...
Danube over dangerous level in several towns. No real danger, authorities say
The Danube flow at the entrance to Romania has risen by approximately 50% over the last few days, above the multi-annual average of April, to 12,000 cubic metres per second. The authorities,...
Several foreign investment funds keep buying Banca Transilvania shares
Several investment funds or foreign institutional investors have bought some 10% in Banca Transilvania in the past few months. The efforts made by these investors to increase their stakes in...
Romanians spend $2m on SMS messages in several days
Sending greeting cards by mail is already passé. In Europe, the networks of mobile telephony operators have been literally besieged on Christmas Day and on New Year's Eve by the users that c...
Several telecoms interested in Cosmorom
Several well-known operators in the telecom industry are interested to buy Cosmorom, RomTelecom's mobile telephony division, Communications and Information Technology minister Dan Nica yeste...
Magnetto Wheels invests several million euros in Dragasani-based plant
Increasingly more international companies are relocating their production activities to Romania, lured by the cheap workforce, then close down their Western plants. This is not a new trend....
Fitch to rate several small Romanian banks
Fitch to rate several small Romanian banks
Fitch to rate several small Romanian banks
Rating agency Fitch may grade several Romanian small banks, while necessary analyses could be funded by USAID, the US Agency for International Development. "Discussions are being carried out...