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SIFs do not intend to sell BCR shares
Financial investment companies (SIFs) do not intend to sell the shares they own in Banca Comerciala Romana (Romanian Commercial Bank - BCR), totalling about 30% of the bank''s capital yet, b...
Tender has to sell 22% of Ardaf
Tender SA, a company controlled by businessman Ovidiu Tender, is negotiating the sale of a 22% stake it owns in the insurance company Ardaf Cluj, due to regulations of the capital market. Ac...
Swiss franc lending frenzy about to spread to Romania
After Hungary and Poland, the exotic Swiss franc loan frenzy is about to spread to Romania. Two banks, OTP and Porsche Bank, are betting on the allure of the interests, which are visibly low...
Bonus shares in SIFs fail to impress investors
This year, SIFs'' General Meetings of Shareholders have not managed to bring the surprises some investors were expecting. The financial investment companies were unable once again to meet th...
Gorenje set to boost market share
Tone Prislan, the general manager of Slovenian manufacturer of electrical home appliances Gorenje in Romania, says his company''s objective is to increase its market share amid tightening co...
OMV ready to buy if Petrom employees dump their shares
Austrian petroleum group OMV, Petrom''s majority shareholder, intends to support the quote of Petrom shares by buying shares on the stock exchange, in case the company''s employees sell the...
Rompetrol Rafinare expects profit to shrink
Rompetrol Rafinare estimates net profit to stand at 13.2 million dollars in 2006, almost five times lower in dollars than in the previous year, as shown in the 2006 budget its shareholders a...
Erste expects BCR to pay its own restructuring bill
The situation of the non-performing loans in BCR''s portfolio looks "somewhat better" than Erste Bank had estimated, Andreas Treichl, chairman of the Austrian group, said in Vienna on Friday...
Vodafone vows to change customer experience
The expansion of the mobile phone offer, with new terminals distributed exclusively through the global Vodafone network, and the redesign of the company''s own chain of stores, which will dr...