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Emergency governmental mission takes off for Brussels tomorrow
The delay in privatising Banca Comerciala Romana (Romanian Commercial Bank - BCR) and Petrom is now showing. The too high weight of the State in the economy, along with the lack of public ad...
Termoelectrica takes $200 million loan to stock up for winter
Termoelectrica SA, the leading electricity producer and the third-largest company in Romania will contract a $200 million loan in order to build the necessary fuel stocks for the winter of 2...
First time on domestic market, AND takes syndicated loan from Romanian banks
A first time for the Romanian financial market: a company, even if state-owned, manages to get a syndicated ROL-denominated loan from Romanian banks instead of getting it in foreign currency...
Sicomed takes $8m state-secured loan
Drugmaker Sicomed Bucharest will get a government guarantee for an $8 million loan, despite having been involved in a well-publicised spat with the Health Ministry in 2001. Sicomed halted pr...
US dollar takes another plunge on Romanian market
How low can the dollar go without impacting on the Romanian economy? Without demand for USD loans soaring again? How high can the euro go without messing the forecasts of the central bank, w...
Aerostar's profit takes off
Bacau-based Aerostar Company dealing in aerospace industry logged net profit of 12.7bn ROL in Q1 this year, 30 times higher than the profit in the same time last year. Its Q1 turnover reache...
Ruhrgas takes over part of ABB's Romanian operations
German group Ruhrgas, one of the largest energy companies in Europe will take over the Romanian counter maker ABB Rometrics in a matter of weeks, under a $5 million deal, market sources say....
Ailing West no longer takes Romanian furniture in
The domestic furniture industry is going through times of decline due to the recession on the Western market, which takes in more than three quarters of the Romanian furniture production, in...
Timken takes Ploiesti over Darlington
US-based Timken, the largest industrial and automotive bearings maker in America, is planning to transfer the productive equipment from a factory in UK to Ploiesti. The move would leave 104...