wants
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IMF wants another memorandum
The Nastase Cabinet is not going to break free of the stand-by agreement any time soon. Updated and extended until August 2003 due to repeated delays, the programme needs one more memorandum...
ABN Amro wants sophistication
ABN Amro will try to consolidate its position on the Romanian market by improving and broadening its range of financial services, attaching less importance to the growth in lending or the te...
RoBank wants 6m euros
Commercial bank RoBank is planning to increase net profit to six million euros this year and banking assets to 140 million euros, up from last year's 5.7m euros in net income and assets wort...
Nord wants out of Ibis
Nord SA shareholders will convene tomorrow for an Extraordinary General Meeting to decide whether to sell the 26.2% stake in Continental-Nord Company, owner of the Ibis Hotel in Bucharest, t...
Loulis wants new products and distribution
Greek group Loulis Romania is ready to invest about two million dollars this year in distribution and the launch of new products. The company logged almost 34 million euros in turnover last...
SIF Oltenia wants more of Antibiotice
Societatea de Investitii Financiare (Financial Investment Company - SIF) Oltenia is planning to buy more into drugmaker Antibiotice Iasi, and is to launch a public purchasing offer. The laun...
SIF Transilvania wants out of ARDAF
Societatea de Investitii Financiare (Financial Investment Company - SIF) Transilvania is planning to liquidate its 17.28% interest in ARDAF, after having "fought" for control over the insura...
Isarescu wants lower rates
The cost of lending in ROL will keep going down over the next period, with enough room for a rate cut by several percentage points by yearend, officials of the National Bank of Romania (NBR)...
NBR Governor wants calculations made in euros
The National Bank of Romania (NBR) Governor, Mugur Isarescu, yesterday hinted that the euro would replace the dollar as the benchmark currency for calculating the ROL exchange rate next year...