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Enterprise Investors to put 20m euros in two companies
Polish Enterprise Fund, one of the main regional investment funds operating in Romania is in talks to complete two transactions worth 20 million euros on the Romanian market this year, Jacek...
Florin Georgescu getting ready to head BCR's Supervision Board
Rumours check out: by the end of the month, Florin Georgescu, still a PSD (Social Democrat Party) deputy, and also the party's deputy leader and chairman of the Budget-Finance Committee with...
Elite takes to peanuts and seeds
Coffee producer Elite International early this year entered the peanut and roasted seeds market, launching its Delis line, following investment in a new production facility in Bucharest. Its...
New Government aims to secure Romania's EU accession on schedule
Premier Adrian Nastase yesterday disclosed the new government structure, already disputed by opposition parties, which deem it as a merely promotional political move and another step towards...
Turkish owners to double Arctic's capacity
Romanian refrigerator producer Arctic has doubled production capacity following a 9 million-euro investment, and estimates to log 140 million-euro turnover this year. The stakes are even hig...
NBR does not want to hinder lending
Last year's consumer credit boom pushed the weight of the non-governmental lending in Romania's GDP to 16.2%, from 11.2% at the end of 2002. Even so, the banking intermediation level remains...
Prodal '94 to focus on exports
Spirits producer Prodal '94 is planning a significant expansion on the international markets this year. "We are about to finalise the export operations to four countries on three continents,...
A&D Pharma to invest 6.5m euros
A&D Pharma group, comprising drug distributor Mediplus and the Sensiblu pharmacies will invest 6.5 million euros this year to expand the chain of drugstores and build storage facilities, com...
IMF needs to see cocnrete reform
The International Monetary Fund (IMF) will not conclude a new agreement with Romania unless a set of concrete reform steps is taken before the Board of the institution discusses the project....