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ABB Romania expands to Moldova next year
ABB Romania, the local branch of the Swiss-Swedish automation and energy equipment group, is planing to expand to the Republic of Moldova next year, chairman Peter Simon says. The expansion...
Romanian Commercial Bank set to cut lending, announces currencies rate hike
The Romanian Commercial Bank (BCR), Romania's largest bank, yesterday announced a rate hike for the currency loans granted to both natural and legal persons. Interest rates will increase by...
Brau Union to make malt in Reghin
Austrian brewer Brau Union will stop making beer at its Reghin-based plant, but the malt-producing unit and the sales department will continue to operate, Brau Union Romania officials told Z...
Gas prices, Chinese imports smash glassware industry to pieces
The estimated rise in gas prices will heavily impact on the glassware industry, which will have to cut jobs and downsize production, analysts claim. Furthermore, another medium-term menace i...
Govt. to discuss debt pardon
The Romanian Government will discuss an emergency ordinance draft that would delay, with a view to cancellation, the payment of debts to the state budget, the social security budget, the hea...
US dollar growth prompts Romanian banks to revise exchange rate forecasts
Romanian banks have revised their yearend forecasts on the exchange rate of the domestic currency against the two benchmark foreign currencies - the US dollar and the euro, given the last we...
Transelectrica to upgrade power plant
Transelectrica on Monday sealed a contract worth 18.5 million euros with a consortium comprising Jacobsen Elektro-Norway and Romanian group Romelectro for the modernisation of Rosiori power...
Unita, to delist Turism Transilvania
Unita Turism acquired 42% in Turism Transilvania, the hotel chain owner, through a public takeover bid run on the Stock Exchange during the last two weeks. The value of transferred stock amo...
RusAl trying to sell Alor Oradea
Metallurgic giant Ruschii Aluminium (RusAl), the world's second-largest aluminium producer, is trying to sell the aluminium plant it owns in Romania - Alor Oradea, according to market source...