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Banca Unirea to get $10m capital injection
Alpur Invest AG group, the new significant shareholder of Nova Bank, formerly known as Banca Unirea, will invest at least $10 million next year, in order to develop the business, start provi...
La Fourmi expects sales to go up 20%
La Fourmi, one of the first supermarket chains established on the Romanian market after 1990, estimates to sell more than 15 million euros' worth this year, that is nearly 20% higher compare...
Want to smoke a cigarette? Go out into the street
As of December 21, 2002, company employees are supposed to go out into the streets. Or at least they should get out of their offices, plants or factories, not to protest against some governm...
Lukoil sales soar to $180m
Lukoil Downstream Romania SRL, a subsidiary of Russian oil group Lukoil, logged $120m turnover for the first nine months of the year, with one third accounting for gas station sales, Andrei...
Romanian soccer coach looking to sell his insurance business
Mircea Lucescu (coach of Turkish soccer team Besiktas) is about to sell his insurance business to Eurom Bank and Blocul National Sindical (National Union Block - BNS). The coach who takes no...
More names to come up in BTR investigation
The beginning of next year could bring new revelations in the case of Banca Turco-Romana (Turkish-Romanian Bank), with the list of those guilty for its bankruptcy including "big names", bank...
Lockheed Martin to assemble radars in Romania under $100m contract
The Romanian Army could start the acquisitions of NATO compatible technology with a series of small tactical border surveillance radars. The deal is also an opportunity for a Romanian compan...
Grup As - there's a lesson to be learnt
The Insurance Supervision Commission (CSA) has decided to put Grup AS out of its misery and withdrew its licence. A one million-dollar injection had given the debt-ridden company a breath of...
Bankers want to work on holidays
Officially or not, many Romanians have decided in the past few years that they should no longer work between Christmas and New Year's Eve and that they should even prolong their vacation for...