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Prosecutors launch probe into transactions with SIFs
The prosecutors with the National Anticorruption Department (DNA) have started a probe into the transactions conducted with the financial investment companies' (SIF) shares on the Bucharest...
PPF discusses sale of Romexterra shares with MKB
Czech investment fund PPF Investments is in advanced negotiations with Hungarian bank MKB for the sale of the minority stake it holds in Romanian bank MKB Romexterra Bank, according to sourc...
Wizz Air in negotiations with several airports
Joszef Varadi, chief executive of airline operator Wizz Air, one of the leading players on the Eastern-European low-cost air travel market, says the company is in negotiations with several a...
Auchan operator closes 2006 with revenues of 19m-euros
Revenues of MGV Distri-Hiper, the operator of the French-owned network Auchan in Romania, stood at 19 million euros last year, after the company opened its first hypermarket on the local mar...
Bankers unhappy with delay in approval of lending norms
The apparently limitless extension of the time that the NBR is taking to approve the lending norms of individuals has caused concern for commercial bankers, who are starting to publicly accu...
CEC to sign with EBRD this week, several days later than planned
The lending contract between the EBRD and CEC (The Romanian Savings Bank) to finance SMEs will be signed this week, with a few days' delay, but an annulment of the deal is out of the questio...
First mortgage credits with low down payment emerge
Next week could see the first mortgage credits with low or even zero down payments and personal credits with an increased degree of indebtedness become available on the banking market. The d...
Reinert comes with 2m euros for brand promotion
Germany's H&E Reinert charcuterie producer, which finalised a 17m-euro greenfield investment near Brasov, is going to invest a net sum of 2m euros this year, to promote its brand domesticall...
Bankers, late with providing new credits
Loans with instalments that exceed one third of the income or real estate financing with no down payments required, this is what half of the customers walking into a banking branch these day...