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Capital Market

SIF Banat-Crisana Sets Up Two Holdings For Its Realty, Hotel Firms

Regional investment fund SIF Banat-Crisana (SIF1.RO) will set up two holdings to transfer the companies in the real estate and hotel sector the fund is majority stockholder in.

Manuela Panescu · 22.03.2013 · 18:41 · 1 min
EU Allots EUR24M To Help Redundant Workers In Several Countries, Including Romania
Social/Politics

EU Allots EUR24M To Help Redundant Workers In Several Countries, Including Romania

The European Commission (EC) has paid EUR24.2 million from the European Globalization Fund (EGF) to several EU member states, including Romania, to help 5,271 redundant workers back into emp...

Ioana Tudor · 22.03.2013 · 18:08 · 1 min
German Investor To Build Metal Profiles Plant In W Romania
Companies

German Investor To Build Metal Profiles Plant In W Romania

German company Stanzwerk will build a metal profiles plant in Ineu, western Romania, and will create over 100 new jobs.

Ioana Tudor · 22.03.2013 · 16:37 · 1 min
SIF Banat-Crisana Mulls Bid For Majority Stake In Romanian Postal Company
Capital Market

SIF Banat-Crisana Mulls Bid For Majority Stake In Romanian Postal Company

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Friday announced plans to attend an auction for the sale of 51% in state-run postal company Posta Romana.

Florentina Dragu · 22.03.2013 · 16:37 · 1 min
Ciolos: Romanian Farmers Pay The Price Of Others’ Irresponsibility In Milk Scandal
Retail&Consumer

Ciolos: Romanian Farmers Pay The Price Of Others’ Irresponsibility In Milk Scandal

Romanian milk producers are the victims of an attack against the quality and safety of local products, but pouring milk on the fields is an extreme gesture of farmers that could go bankrupt...

Manuela Panescu · 22.03.2013 · 16:27 · 2 min
Aerostar Proposes 10% Higher Dividend For 2012
Companies

Aerostar Proposes 10% Higher Dividend For 2012

Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) Friday proposed paying out its stockholders a gross dividend of RON0.079 (EUR0.017) a share from 2012’s net profit, up...

Manuela Panescu · 22.03.2013 · 12:53 · 1 min
Claudiu Florica’s Name Features Heavily In Contracts Of Romanian State With Microsoft
Companies

Claudiu Florica’s Name Features Heavily In Contracts Of Romanian State With Microsoft

The name of Claudiu Florica, former head of Fujitsu Romania, appears in the largest contracts of the Romanian state with Microsoft.

Oana Gavrila · 22.03.2013 · 08:38 · 4 min
booking.com To Open Office In Bucharest
Companies

booking.com To Open Office In Bucharest

The website for vacation reservations booking.com, whose database already includes over 2,000 accommodation facilities in Romania, will in the coming weeks open an office in Bucharest, for w...

Tudor Ioana Raluca · 22.03.2013 · 00:00 · 1 min
OMV Petrom Proposes 10% Lower Dividend For 2012
Companies

OMV Petrom Proposes 10% Lower Dividend For 2012

Romanian oil company OMV Petrom (SNP.RO) Thursday proposed paying out its shareholders a gross dividend of 0.028 lei (EUR0.0063) a share from the 2012 record profit, 9.6% lower on the year.

Manuela Panescu · 21.03.2013 · 21:00 · 1 min