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La Fourmi takes over 5 Concordia stores

One of Romania's first supermarket chains, La Fourmi, has recently expanded in Bucharest."We took over five stores of Concordia company. We will renovate the m and will turn them into La Fou...

Ionut Bonoiu · 09.12.2003 · 00:00 · 2 min
ZF English

Allianz-Tiriac takes profit over reinsurance

The largest general insurance company in Romania, Allianz-Tiriac, has announced plans to substantially reduce the volume of premiums ceded to reinsurance companies. This is a strategic move,...

Ziarul Financiar · 11.11.2003 · 00:00 · 1 min
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AND takes $100m loan

The National Road Administration (AND) has contracted a 3,600bn ROL (more than $100 million) syndicated loan from five Romanian banks. The loan is repayable in three years and comes with a t...

Ziarul Financiar · 10.11.2003 · 00:00 · 1 min
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Eurobank officially takes over Banc Post

Greece's EFG Eurobank Ergasias took over the 17% stake that Banco Portugues de Investimento (BPI) used to hold in Romanian bank Banc Post. Following the transaction, the Greeks officially to...

Ziarul Financiar · 30.10.2003 · 00:00 · 1 min
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Ringier takes over Evenimentul Zilei

After brief negotiations, Swiss group Ringier has taken over Evenimentul Zilei daily, and now owns Romania's top three dailies - Libertatea (number one on the market), Evenimentul Zilei (sec...

Ziarul Financiar · 27.10.2003 · 00:00 · 1 min
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Central Bank raises intervention rate to 20.25%, takes market by surprise

The National Bank of Romania (NBR) has managed to take the financial-banking market by surprise at the end of last week, when it decided to increase the intervention rate by one percentage p...

Ionela Nuta · 06.10.2003 · 00:00 · 2 min
ZF English

Central Bank raises intervention rate to 20.25%, takes market by surprise

The National Bank of Romania (NBR) has managed to take the financial-banking market by surprise at the end of last week, when it decided to increase the intervention rate by one percentage p...

Ionela Nuta · 06.10.2003 · 00:00 · 2 min
ZF English

Energi-Co takes to mortgage business

Energi-Co Bucharest will develop a number of real estate projects, which should end in 270 new villas and 140 flats, following an about 30 million euro investment, development manager Valent...

Ziarul Financiar · 25.09.2003 · 00:00 · 1 min
ZF English

Antibiotice takes to fertilisers

The disastrous situation of the Romanian healthcare system has not caused just headaches to pharmaceutical companies' managers, but has also given them ideas for new businesses, where bills...

Laurentiu Ispir · 16.09.2003 · 00:00 · 2 min