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Raiffeisen Bank to release ROL bonds
Raiffeisen Bank is considering the release of a ROL-denominated bond issue on the domestic market this year, therefore joining the group of trendsetters on this segment of the Romanian finan...
SIF allowed to repurchase residual stakes
The financial investment companies (SIF) will be allowed to repurchase part of their shares issued, even if this means exceeding the 10% of share capital cap set by the legislation in force,...
La Fourmi's own brands headed to 30% of sales
La Fourmi supermarket chain concluded last year with sales in excess of $17 million, up more than 25% from 2002. The company will have its own bread factory as of this year, as well as a cen...
Investors crowding to CEE
The growth potential of the Central and Eastern European countries that could become European Union members by 2007, Romania included, pushes for a faster pace of raising new investment fund...
Finance Ministry hopes to borrow less in 2004
Romania might need less than one billion euros in foreign funding for the budget deficit and domestic debt next year, which is lower than shown by the previous forecasts, Enache Jiru, the he...
Deductions to boost insulator market
The deduction of the expenses for thermopane windows from the global income tax will not only give a boost to the thermo-insulating glass market but also to the industries providing it with...
Tarom to halve losses
National airline operator Tarom is planning to cut losses down to $10m next year, considering this year's losses will stay below $20m, the company's general manager Rodica Odobescu said at t...
Romanians to be allowed to take any amount of foreign currency out of the country
Several weeks ago, the central dailies wrote that Gigi Becali, owner of the Steaua Football Club, allegedly crossed the border with almost 300,000 euros in cash, aiming to award his players...
Government to drop incentives
The incentives and the assistance granted by the State to companies will be completely eliminated, as they are "distortions for the competition," PM Adrian Nastase said yesterday. On the oth...