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Petroleum shares go through the roof after sale of Rompetrol
The resumption of share trading for companies from the Rompetrol group has translated into a significant rise in quotes, with the increase spreading to other issuers involved in the petroleu...
Closed-end funds in Cluj rock the BSE
Closed-end investment funds managed by Cluj-based companies have achieved yields of up to 104.3% over the last 12 months, while the BET stock exchange index increased by 32.3% during the pas...
ADM Farm to invest 4m euros to double the number of drugstores
ADM Farm, a pharmaceuticals distributor, which owns the Sante drugstore chain, is set to invest around 4m euros this year to expand its retail network to 30 drugstores. "At the moment, we ha...
RASDAQ beats the BSE in terms of companies' H1 profits
Cumulated profits generated by the biggest companies listed on RASDAQ market, which have reported H1 results so far climbed by 38% in euros in the first six months of this year against the c...
Vosganian: The administration is wasting 600m euros a year
The public administration and the other state-run institutions waste 600 million euros per year, in wage funds for jobs and for civil servants who are simply not there, says Varujan Vosgania...
Tourism revenues, down for the first time in 5 years
Romania's international tourism revenues were 3% lower in the first half of this year compared with the same period last year and reached 381m euros, accounting for the first slump in the pa...
11 new mutual funds waiting to enter the market
The mutual fund market is likely to include a further 11 funds, which are awaiting autho0risation from the National Securities Commission (CNVM), according to the commission's representative...
Autumn brings derivatives on the Bucharest Stock Exchange
The first week in September will bring something new to the Bucharest Stock Exchange- futures contracts, which will start trading, according to market sources close to the Stock Exchange. Th...
Petromservice plans to buy stock in a bank in the Republic of Moldova
Petromservice, an oil services and constructions company, plans to acquire a significant stake in a bank in the Republic of Moldova and will undergo restructuring through the creation of new...