News

26Oct2015

Due to the problems in Europe, many foreign banks that purchased financial institutions in Ukraine are considering options of either full sale of a bank or partial sale in the form of credit portfolios or…

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26Oct2015

CEZ AS, Czech Republic’s biggest power utility, plans to invest about EUR 400 million to complete a 600-megawatt wind park in Dobrogea, southern Romania, by the end of 2012. The total value of investment into…

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26Oct2015

Kirsan Ilyumzhinov, Former President of the Republic of Kalmykia in the Russian Federation, President of the World Chess Federation (since 1995) and multi-millionaire has acquired a 52.5% stake in Bulgarian fuel distributor Petrol Holding AD…

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26Oct2015

Six leading international oil and gas companies have bought documents for the tender for the development of the potential deep-water gas field off Bulgaria’s Black Sea coast. The companies are British-based Melrose resources, which is…

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26Oct2015

Hyosung Corporation, a South Korean chemical and trading company, may invest about $150 million in a factory in Romania, the Economy Ministry said in a statement. Seoul-based Hyosung plans to produce tire components and automotive…

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26Oct2015

OTP Bank, Hungary’s biggest bank, is seeking to double its share in the Ukrainian consumer – loan market this year as part of its expansion in the eastern European country. OTP, which entered Ukraine in…

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26Oct2015

Bulgaria’s finance ministry has selected BNP Paribas, HSBC and Raiffeisen as mediators for the eurobond issue that the country plans to float this year. The three banks have been appointed to advise the Bulgarian state…

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26Oct2015

Romania’s central bank kept its main interest rate unchanged for the first time in eight months, halting a series of cuts after the currency plunged because of increased political risks. The political turmoil in the…

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26Oct2015

DTEK, Ukraine’s largest private coal and power producer, won a bid to buy a 45% stake in power producer and distributor PAT Krymenergo. Ukraine’s state property fund sold the stake in Krymenergo to DTEK for…

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26Oct2015

Enel SpA (ENEL), Italy’s largest utility, plans to invest about 750 million euros ($990 million) in Romania’s power distribution network in the next five years. The Rome-based company, which operates Romania’s grid through a series…

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