ZF English
Right-wing alliance adrift, leftist alliance confused
Political parties and analysts think that the gesture made by President Emil Constantinescu two days ago will trigger a restructuring of the Romanian political stage. This decision, conteste...
Enron comes to Romania
US group Enron Corp., one of the world's largest electric power producers, has entered a joint-venture with SNP (National Oil Company) Petrom, for electric power supplying, thus becoming the...
Electroaparataj posts profit, but drops in real terms
Electro-technical equipment producer Electroaparataj Bucuresti registered net profit worth 17.71 billion lei on the first five months of this year, against turnover standing at 122.38 billio...
"Through ourselves"... others win!
Mr. Stoica's attempts to get his party's approval for an alliance with ApR will continue, as the PNL National Council chose to extend negotiations to that effect. The final decision was put...
General Mills to buy Diageo's Pillsbury for $10.5bn
General Mills Inc., the maker of Cheerios cereal, agreed to buy Diageo Plc's Pillsbury unit for $10.5 billion in stock and assumed debt to create the third- largest U.S. food company. Genera...
Privatisation of state-owned companies - a Sisyphus effort?
Effects of hiring international financial consortia to privatise Romanian companies following programmes financed by the World Bank and the IMF will become apparent at the end of summer, whe...
Out of debts came capitalism
The best, biggest and most profitable deals are made with the state. This is what every major businessman knows, a phrase they have pinned on the wall, as a perpetual slogan.The statement is...
Astra Refinery sells equity through primary offer
Astra Ploiesti refinery, indirectly held by businessman Ioan Nicolae, is selling, through a public primary offer, a number of 24.9 million shares, with a face value of 1,000 lei, the offerin...
A very costly fog
Too many of the Romanian state's decisions, represented by the Government, various ministries or the SOF, are either debatable or murky, or both. This is a statement so many people hold true...