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Foreign investment to reach 6.2bn euros
The foreign direct investment Romania will attract this year is set to amount to 6-6.2bn euros, Ana-Maria Cristina, the chairperson of the Romanian Agency for Foreign Investments (ARIS) told...
Erste appoints Pogonaru to BCR
The Austrian Erste Group has appointed its two representatives that are to participate in all the management meetings of the BCR until the actual takeover of the largest bank in Romania is c...
Broker Cluj plans to double capital
Financial brokerage company Broker, based in Cluj-Napoca, intends to carry out a capital increase of up to 3.2 million RON (more than 0.8 million euros). The increase is set to be performed...
Mecanica Rotes to invest 2.7m euros
The shareholders of Mecanica Rotes Targoviste, a manufacturer of faucets, approved an investment plan worth 10 million RON (some 2.7 million euros), which targets production development, as...
State in no hurry to sell CEC
CEC''s privatisation is no longer an emergency for the Government, as the preliminary bids have been deemed as too low. Banking sources say a current of opinion is now gaining ground that sa...
Tudor sells Biofarm to relatives
Businessman Dumitru Tudor, one of the main individual investors on the domestic capital market, sold his over 9% stake in drug producer Biofarm Bucharest through two deals worth approximatel...
Logan drives Elba to 34m-euro turnover
Elba witnessed its turnover increase to 27.5 million euros last year due the increase in the demand for Logan and to new city lighting contracts. "The lights and lamps for Dacia Logan accoun...
Interests, racing to catch up with inflation
The year 2006 debuted with interest rates closer to the inflation rate, for the RON deposits: BRD pays up to two points more for saving accounts, while ING even doubles interests, from previ...
Erste Bank raises capital to get BCR
Erste Bank will launch a 2.4bn-euro capital increase in the coming days, an operation that is necessary for the bank to finance the acquisition of Banca Comerciala Romana (Romanian Commercia...