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Arcom to build $7m factory
Arcom Bucharest SA, one of the leading domestic players on the constructions market is planning to establish two joint ventures with British and German partners.Arcom SA is already a partner...
Tarom to keep losing in the long war
Tarom witnessed 11% decline in passenger traffic in Q1, this year, due to the conflict in the Gulf and to the SARS (Severe Acute Respiratory Syndrome). In case the current situation in the a...
Banca Romaneasca to increase capital by 3m euros
The shareholders of Banca Romaneasca have decided during the latest General Meeting to favour the bank's capitalisation over dividends this year. Thus, they approved a 100bn ROL (3m euro) ca...
Finance Ministry to borrow foreign currency
Romania could release the scheduled seven-year eurobond issue worth 500 million euros sometime in May. The short-list to be used for selecting the banks to broker the issue has just been put...
Carpatica to spend 4m euros
Carpatica Bank shareholders at the end of last week endorsed the 2003 investment plan worth about 4 million euros. The main targets of the plan are building new headquarters, expanding the t...
APAPS to sell six companies
The Privatisation Authority (APAPS) yesterday put six companies up for sale, some of which are on the list of those set to shed jobs. The bids by potential buyers will be analysed throughout...
Raiffeisen Bank Romania to break even
Raiffeisen Bank Romania will increase investments by 80% this year, from 20 million euros in 2002 to more than 36 million euros. At the same time, the bank's management hopes to break even i...
Profi to spend 6m euro for expansion
Timisoara-based Profi Rom Food, a division of the Belgian distribution group Louis Delhaize, is planning to open ten discounter-type stores across the country, and to invest some 6 million e...
Sixth Best Western to open in Cluj
Topaz Hotel in Cluj-Napoca could become the sixth Best Western affiliated hotel in Romania this year, sources close to the contract say. Best Western and Topaz officials did not care to comm...