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Bunge Ltd. to buy InterOil
The Americans at Bunge Ltd. are to buy the Oradea-based edible oil producer InterOil, as well, only a week after putting out a tender offer for Muntenia Bucharest on RASDAQ. As in Muntenia's...
TBI Leasing to issue bonds
TBI Leasing is the second financial service company after BCR Leasing, to have announced plans for issuing bonds to raise cash for its operations in the last 30 days. The company will issue...
OTE comes to terms with noteholders
Greek telecommunications company OTE, the majority shareholder of RomTelecom, has announced its noteholders agreed to have certain contractual stipulations modified so that the loan would no...
General Electric may relocate part of production from US to Romania
"The managers have told the workers that they should expect some 300 jobs to be moved to Romania, where production of a military helicopter engine is to begin." These are the words of union...
Romania to reach EU15 income level in 80 years
It would take Romania 80 years to reach the average EU15 income level, a survey by the European Intelligence Unit - the analysis division of The Economist, and Accenture consulting firm show...
Government reshuffle gives birth to mammoth Economy Ministry
The most spectacular change brought by the government reshuffle is the concentration of several ministries and institutions in the hands of a single minister - of the Economy. Thus, the numb...
Retail chain Leonardo expanding from east to west
Almost every international chain, whether comprised of supermarkets or apparel shops, has entered the Romanian market through the West of the country, after having developed strong networks...
CosmoRom's fate to be decided after the holidays
A decision about the future of CosmoRom, the mobile telephony division of RomTelecom, will be made by September 2003, Lefteris Antonacopoulos, chairman of Greek telecom group OTE said. "RomT...
Eurobonds to be launched next week
Romania will launch the 500 million-euro bond issue next week on the international capital markets. "The issue will be listed on the Luxembourg Stock Exchange next week. In order to contact...