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NBR's reserve up to 8 billion euros in October
The over 185 million euros bought from the forex market along with the 135 million euros that came in form of the last two tranches of the stand-by credit from the IMF pushed National Bank o...
BSE making preparations to accommodate State transactions
The recent statements of the Privatisation Authority (APAPS) about the sale of minority stakes through the capital market and turning Petromidia's historical debts into equity are keeping th...
Russian investors silently turn to Romanian real estate haven
The Russians are coming. Increasingly more Russian businessmen are looking for a safe haven in other parts of the world, Romania included, because of their country's grimmer business environ...
Agip Romania to break even
Agip Romania, the local branch held by the Italian oil group Eni, hopes to break even this year, as it forecasts operating profit worth 1.5 million euros and 40 million euros in turnover. Th...
Syndicate to raise cash for CET
The syndicate comprising Deutsche Bank, Banc Post and EFG-Telsis Fin was chosen to broker the $120 million loans aimed at 22 electrical heating stations (CET) in Romania, Mediafax reports. T...
Mutual funds cut fees to boost market share
The interest rate cuts and the fiercer competition on the market of mutual funds are making increasingly more fund managers start thinking about cutting the fees levied for redemption and mo...
MOL, PKN Orlen likely to team up
Talks on the merger between oil groups MOL (Hungary) and PKN Orlen (Poland), two of the candidates left in the race for Petrom privatisation, have reached the authorities. The merger plans f...
Romania to deregulate power and gas markets by 2007
The Romanian authorities are planning a complete deregulation of the power and natural gas markets by 2007, when Romania hopes to join the EU. With a 33% deregulated energy market and 30% fo...
US giant PepsiCo in talks to take over Quadrant Amroq Beverages
American giant PepsiCo is in talks to take over the group that holds the Pepsi franchise for Romania - Quadrant Amroq Beverages (QAB), according to market sources. Quadrant's shareholders ha...