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State to sell one third in gas suppliers
The Romanian State will directly sell about 30% in the two domestic gas suppliers, Distrigaz Nord and Distrigaz Sud, whereas the strategic investor will come to control the main stake follow...
Profit tax to be calculated annually, 5% drop envisioned for 2005
The Romanian companies have to wait until 2005 to escape the hassle of declaring the profit tax every three months (and even every month in the case of banks). According to the Finance Minis...
Lafarge to recover investment in 2004
French construction supplies group Lafarge hopes to see more than 239 million euros of the capital investment made on the Romanian market so far recovered as late as next year. The French in...
Policolor to grant dividends
Dye and lacquer producer Policolor Bucharest posted 575bn ROL in turnover in the first nine months this year, quite close to the year-ago levels, and profit worth 55bn ROL, up 22%. The infla...
Foreign investors rushing to the Bucharest realty market
The office segment of the real estate market is hot. No sooner had the $30m Europe House deal had been sealed, that both the buyers (the Austrians from Europolis Invest) and the sellers (the...
BERD and IFC set to get Banc Post stake
Double capital and new shareholders - the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). These are the plans of Banc Post for the en...
Liviu Nistoran: from GlobalNET to real estate
Residential neighbourhoods are all the rage. Investments in Romanian real estate are also trendy. At least this is the opinion of Liviu Nistoran, the businessman who feels that his money wil...
Zapp is looking for another $100 million to expand its business
Telemobil, the operator of the mobile telephony network Zapp, is in advanced talks over getting a foreign funding worth approximately $100 million, which money will be used for network expan...
Finance Ministry aims to monitor state-owned companies
A 0.5% of GDP drop in the volume of arrears is one of the Finance Ministry's top priorities for next year, prompting the ministry officials to start monitoring the spending and revenues budg...