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Sanex to be bought by Lasselsberger
Austrian Lasselsberger Group, one of the most powerful family businesses on the European construction supplies market, aims to acquire the top two makers of ceramic tiles in Romania, Sanex C...
Distrigaz Nord to invest 10m euros
Distrigaz Nord, one of the two large State-owned gas distributors, will recondition 240km of pipes and installations, under an investment estimated at 10m euros, according to the company's g...
Germans return to Sibiu
One of the few cities in Romania where "the managers of German companies need not drag a translator around," that is Sibiu, has attracted significant investments from the companies in the la...
Authorities to advance gas market deregulation
The potential investors interested in the privatisation of the two major natural gases distribution companies Distrigaz Nord and Distrigaz Sud want the deregulation of the gas market in Roma...
Government plans price increases and layoffs to help balance of payments
After a lot of urging and prodding by the International Monetary Fund (IMF), the Government has chosen the middle of winter as the best time to start cutting losses at the state-owned enterp...
Mugur Isarescu: Reform is hard to do in electoral year
Structural reforms will continue next year, but will proceed much slower, without significant stakes involved, as the government will most likely focus on the electoral year and elections. T...
Slovenians to enter mutual funds market
Slovenian financial group KD, which manages assets worth 700m euros, will enter the Romanian investment management market, thus confirming the foreign investors' interest in this sector, whi...
BCR to raise $250m from foreign markets
The Romanian Commercial Bank (BCR) is planning to borrow over $250 million next year from the foreign markets, a rather considerable amount for a Romanian bank. BCR officials have appointed...
Moody's upgrades Romania's ratings, says a lot remains to be done
Rating agency Moody's Investors Services has upgraded Romania's country ceiling for foreign currency bonds and for foreign currency bank deposits, but recognizes that a lot remains to be don...