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Transelectrica to float 7.3 million shares by autumn
The Economy and Trade Ministry, the owner of the national electricity transport company Transelectrica, is planning to float 7.3 million shares on the Bucharest Stock Exchange this autumn. T...
RomTelecom to remove competition from its poles
Conflict looks set to break out between RomTelecom and players on the cable market, including cable TV operators, over the use of RomTelecom telephone poles. In an announcement on Tuesday, J...
Paxar to invest in Ploiesti factory
US-based company Paxar, one of the most important manufacturers of tags and labels (ranging from clothes labels to barcodes and RFID tags), is to invest 4 million euros in a factory for wove...
Re-denomination to make stocks appear cheaper
Slashing four zeros from the local currency is likely to make the stock traded on the capital market appear cheaper. This psychological effect would lead to a slight appreciation of stock pr...
Importer of Porsche raises target to 350m euros
Porsche Romania, the importer of Audi, Porsche, Seat, Skoda and Volkswagen cars for Romania, has revised its sales targets upwards after results from the car market for the first half of the...
Tender in no rush to sell Ardaf
"I''m in no rush to sell," stated Ovidiu Tender, the businessman who controls Ardaf insurance company, in response to the rumours on the market about a possible takeover of this insurer. Ten...
Times to invest 12-15m euros in two hotels
Times hotel company, owner of the Bucharest-based hotel bearing the same name, plans to set up a chain of accommodation units, Times Hotels, with investments estimated to range between 12-15...
Banks advise clients to stock up on cash
Pay in advance the loan instalments maturing between June 30 and July 3 and stock up on cash to avoid any nuisances caused by the ATM and POS shutdown. This is the clear message sent to clie...
GTC to invest 20 million euros in three new real estate ventures
GTC Romania, the developer of the Bucharest-based Europe House office building, will this year complete the America House complex, an office building worth some 50 million euros and will als...