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Oltchim to increase share capital by 20 billion lei
Oltchim shareholders on August 11 are to approve the company's share capital increase by almost 20 billion lei as the Court of Accounts has verified a previous reassessment of the company's...
Greeks take the lion's share in the Romanian banks
Romania is gradually becoming a deal for Turkish and Greek companies, as investors from these countries can find here an extremely favourable climate for making money.High inflation, rocketi...
SOF and SIF Transilvania will share Baile Felix
Tourism resort Baile Felix will be split into several smaller companies that will be divided between the State Ownership Fund (SOF) and Transilvania Financial Investment Company (SIF Transil...
Pension funds must not share the fate of some mutual funds
Privately-managed public pension funds will account for the largest business during the following decades and, for this reason, the law regulating their establishment will have to be tight,...
BP Amoco plans share buy-backs
(story to be published in tomorrow's issue, March 21) BP Amoco plans a rolling programme of share buy-backs in the US and UK following its $29bn acquisition of Atlantic Richfield, Sir John B...