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UniCredit rushes to expand before merger with HVB
UniCredit rushes to expand before merger with HVB
Sale of BCR kicks off with 11 suitors
The sale of Romania''s largest bank, Banca Comerciala Romana (BCR), widely regarded as the deal of the year, has attracted eleven letters of interest, of which two come as something of a sur...
Tnuva to team up with Bank of Europe
Bank of Europe will become a partner, with 35% in the $50m investment that Israeli dairy company Tnuva will make on the Romanian market, Arik Raichman, Tnuva general executive manager, was q...
Ozone results in line with 2005 plans
British drug maker Ozone Laboratories has posted approximately 4.5 million euro turnover at the end of the first three months of the year, in line with the company''s plans for the Romanian...
Shift to new ROL comes with two-day banking service shutdown
Set some cash aside! As of the morning of Thursday, June 30 until mid-day on Friday, July 1, the banksa?? customers will not be able to use their cards for withdrawing cash from ATMs or for...
OMV in negotiations with unions for lay-offs at Petrom
Austrian fuels group OMV, the majority shareholder in Petrom, has begun analysing the structure of the Romanian company with a view to deciding how many and which employees it will lay off....
Nicolae: I regret not going ahead with restructuring earlier
"My only regret is that I didn"t take this step in 2001-2002," said Ioan Nicolae, the owner of Interagro Group, the majority shareholder in Asirom, the third most important company on the ma...
Clujana to return with own brands
The footwear manufacturer Clujana has announced the start of investments worth over one million euros in upgrading its production facilities. The work is scheduled for completion by June 200...
BRD begins the year with almost double profits
BRD-SocGen, the second leading bank in Romanian banking system, has posted more than 90% growth in net profits in euros for the first three months of the year. The bank''s results confirm ri...