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Arctic to invest 6m euros in 2004
Home appliances producer Arctic Gaesti will invest about 6 million euros next year in order to expand its production capacity, the companyi's general manager, Ogushan Ozturk said during Roma...
End of coupon age causes brokers to lose their jobs
The sale of shares distributed for free within the Mass Privatisation Programme (PPM) has been quite a profitable business for most of the brokers on the capital market for several years. Th...
Budgetary deficit, down to 0.6% of GDP
Seven months through this year, the deficit of the general consolidated budget accounted for 0.6% of the estimated GDP, compared with 0.8% in the first half, following a rise in revenues der...
GlaxoSmithKline plans to make patent drugs in Romania
GlaxoSmithKline British group, the second largest drug maker in the world, has recently concluded a restructuring plan aimed at its European operations, following which Romania's contributio...
Pruteanu wants to "nationalise" advertising
The advertising industry, one of the promising economy sectors estimated to $68-72 million last year, will have to soon change its strategy on the go. The advertising agencies will practical...
Credits up, deposits very slow to progress
Banks maintained the high growth pace of the lending for individuals and private companies in July, as well, though not as high as throughout March-May. The lending progress, however, mainta...
Competition Office to reinvestigate cement producers
The Romanian Competition Office has launched a new investigation into the operations of cement producers, namely the economic concentration occurred after the takeover of harbour operator Si...
PKN wants to team up with MOL
Polish PKN Orlen may enter the race for SNP Petrom's privatisation by submitting an offer together with Hungary's MOL, Warsaw Business Journal reports, quoting the online financial publicati...
Prefab's bond issue turns out to be a flop
Construction supplies producer Prefab Calarasi's bond issue is the first failure of a Romanian company to sell bonds and raise cash for its operations in three years. The public bond offerin...