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Flanco expands to over 60 stores
Flanco, Romania's largest retailer of home appliances and electronic devices in terms of turnover, is looking to redouble its sale space, up to 15,000 sq. metres, as it will open another 18-...
Bonds work their way to Stock Exchange
The municipal bonds that offer much higher yields than the banking deposits or the T-bills are now working their way to the Bucharest Stock Exchange. The last two cities "listed" on the Stoc...
Multinationals to fight the State
After having been torn by several scandals over the past two years, the Romanian drug market is now experiencing another tense situation. Although discreet about their relations with the Sta...
Impact to launch mortgage fund
Contractor and developer Impact Bucharest is planning to start a mortgage fund this year, in a bid to find one more source of financing for the company's development programme. The programme...
IFC looking to invest in Romania
The International Finance Corporation (IFC), the investment arm of the World Bank, is in talks with several banks and companies on the Romanian market to set up a mortgage company, Ana-Maria...
EBRD and IFC to get first chunk of BCR
After two failed attempts to find a major buyer for Romania's largest bank - Banca Comerciala RomAâsna (Romanian Commercial Bank - BCR), but still under pressure from the International Mon...
Plastex to sell $1.4m's worth in shares
Plastic packaging maker Plastex Tulcea is running a 48bn ROL ($1.4 million) share issue on RASDAQ, 8bn ROL of which account for the issue premium. This is the second stage of a capital incre...
BRD to focus on leasing
Banca Romana pentru Dezvoltare (Romanian Development Bank-BRD)-Groupe SociAétAé GAénAérale will focus on mortgage, leasing and the products and services requested by "the market...
CFR to launch "platform" international telephony
Compania Nationala de Cai Ferate (National Railroad Company) "CFR" SA is planning to provide the first fixed international telephony services through its telecommunications subsidiary SC Tel...