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Banks Grant Loans To “Premium” Clients To Buy Romgaz Shares
Banks-Insurance

Banks Grant Loans To “Premium” Clients To Buy Romgaz Shares

The initial public offering (IPO) of 15% in state-run natural gas producer Romgaz, the largest offering in the history of the Bucharest Stock Exchange, has made a lot of commotion on the fin...

Ecaterina Craciun · 25.10.2013 · 08:43 · 2 min
Naspers Is Entitled To Buy At Least Another 8.5% Stake In eMag
Technology &Telecoms

Naspers Is Entitled To Buy At Least Another 8.5% Stake In eMag

After buying a 70% stake in Romania’s largest online computer and electronics retailer eMag last year, South Africa’s Naspers group imposed strict conditions for the sale of the remaining sh...

Ecaterina Craciun · 10.09.2013 · 07:32 · 2 min
Sorin Bonciu Buys Interex Supermarkets
Retail&Consumer

Sorin Bonciu Buys Interex Supermarkets

Romanian businessman Sorin Bonciu, active in real estate and energy sectors, has bought the Interex supermarkets chain via two companies with a view to renting or selling them to another foo...

Ecaterina Craciun · 19.04.2013 · 09:46 · 1 min
Romania To Place Conditions On Farmland Purchase By Foreigners
Social/Politics

Romania To Place Conditions On Farmland Purchase By Foreigners

Foreigners are unlikely to buy large areas of farmland in Romania after the liberalization of land transactions starting January 1, 2014 and will have to meet certain requirements, Achim Iri...

Ioana Tudor · 11.03.2013 · 14:06 · 1 min
Former Administrator Of Tractorul Brasov Buys 12-Ha Land From CRED For EUR2.5M
Energy

Former Administrator Of Tractorul Brasov Buys 12-Ha Land From CRED For EUR2.5M

Romanian businessman Silviu Savin, former administrator of Flavus Investitii, which acquired the assets of Tractorul Brasov in 2007, will buy a 12-hectare land in Iasi from Cefin Real Estate...

Ecaterina Craciun · 04.03.2013 · 17:54 · 1 min
Rompetrol, Posta Romana No Longer Sell Vignettes Starting October 1
Automotive

Rompetrol, Posta Romana No Longer Sell Vignettes Starting October 1

Companies Rompetrol and Posta Romana will no longer sell vignettes, starting Monday, October 1, Romania’s national roads authority CNADNR said in a statement Monday.

Ecaterina Craciun · 01.10.2012 · 16:48 · 1 min