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Asirom to boost capital by 2.5m euros
Asirom is to increase its share capital by around 90bn ROL (2.48 million euros) through an issue of new shares. The increase will be submitted to the General Meeting of Shareholders for appr...
Banks react strongly against suggestion by Copos to cut rates
"We are not running charities." "How do think Copos would react if a government authority had asked him to reduce profits at one of his hotels by cutting room rates?" These were some of the...
Lockheed Martin to make radar systems in Romania
Lockheed Martin is to start producing radar systems in Romania in partnership with a local company, an official of the US company told Ziarul Financiar. "We are not yet able to reveal the na...
Tariceanu: "BCR will go to the highest bidder"
In a radical change of strategy, Banca Comerciala Romana (BCR), the largest bank in the Romanian banking system, will now be privatised before the Romanian Savings Bank (CEC), with the state...
Alro scandal goes from bad to worse
The former chairman of primary aluminium producer Alro Slatina, Alexander Krasner, and former company vice-chairman, Peter Braun, have gone to the courts to try and obtain an invalidation of...
Erste willing to spend to get CEC
If Erste Bank does not buy CEC (Romanian Savings Bank) things will still be all right because this will mean the Romanian state received a very large amount of money, said Andreas Treichl, t...
YKK Romania wants to consolidate by investments
YKK Romania, a member of the Japanese YKK Group intends to consolidate its position on the Romanian market by making new investments, as part of its strategy to expand into Europe, Middle Ea...
Mitsubishi sales to rise by 60%
M Car Trading, the representative of Japanese carmaker Mitsubishi for the domestic market, estimates sales of 1,200 units for this year, up 60% on last year''s sales of 750 units. Turnover i...
Minimum share capital to rise to 25,000 euros to comply with EU legislation
More than 11,000 joint stock companies in Romania will have to increase their share capital to at least 25,000 euros by July 1 2006, according to a draft law by the Ministry of Justice in co...