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Tohani sales to increase 15%
Winemaker Tohani SA forecasts sales worth more than $5.5m this year, up 15% since 2002. According to the company's sales director, Vasile Sava, Tohani also aims to increase the share of expo...
BCR Leasing to issue bonds
BCR Leasing, part of the Banca Comerciala Romana (Romanian Commercial Bank - BCR) Group is planning to issue two million euros in bonds to raise cash and fund its leasing operations. The pri...
Alstom trying to catch up with ABB
Alstom, the French engineering, transports and energy group is starting to catch up with one of its main rivals, Swiss-Swedish ABB, which had a head start on the market for projects aimed at...
SIFs, about to be left out of capital market law
The National Securities Commission (CNVM) will submit the consolidated capital market law draft to Parliament this month. The Financial Investment Companies (SIF) risk being left out of this...
Romania likely to earn billions of dollars from fumes
More exactly, the money will come from selling the rights to give off fumes. A surprising business, which can help Romania make money right from those sectors that were deemed as loss-making...
Mobile operator Cosmorom has lost the keys to OTE safe
Cosmorom has become even more of a headache for the Greeks at OTE yesterday, when Standard&Poor's said it placed its 'A' long-term corporate credit rating on the Greece-based telecommunicati...
Prince and pauper or How to hide away one's personal fortune
Romanian officials will soon have to disclose the exact amounts in their bank accounts. But only if they do not read the following story. The Government will change the fortune disclosure la...
Plenty of red tape for Romania to curb
6,207 dollars. This is what a foreign investor had to spend either in terms of cash or time to start a business in Romania until not so long ago. Which is more than enough to make anyone giv...
Astra adds builgind to capital
Astra insurance company will increase its shareholders' equity by more than $36 million by the end of June. Out of the $36 million, $1 million will be contributed in cash, while the rest wil...