Archive » April 2010 » 22 April 2010 The english news from 22 April 2010
IGD acquires remaining 10% stake in Winmarkt
Italy-based Immobiliare Grande Distribuzione (IGD), that already held 90% stake in Winmarkt store chain in Romania, said it has acquired the remaining 10% interest in the company, for which the real estate company has paid Euro 21 million…
Gov't passes draft law on Constitution revision
The Government approved the draft law on the Constitution revision, that says Parliament will be replaced by the Chamber of Representatives. 'The most important provision refers switching to one-chamber Parliament. Following this move, we'll have only one chamber of Parliament that will be called the Chamber of Representatives…
Fitch affirms Bucharest's long-term foreign ratings, revises outlook to stable
Fitch Ratings revised the City of Bucharest's outlook to stable from negative. Fitch simultaneously affirmed its Long-term foreign and local currency ratings at 'BB+' and 'BBB-' respectively, Fitch reports in a press release. Bucharest's Short-term foreign currency rating is affirmed at 'B'. The Long-term foreign currency rating of its 500-million-euro bond due June 22, 2015 has also been affirmed at 'BB+'…
Romanian state plans to keep 8 pct of Petrom, at least
Romanian state plans to keep a stake of 8 percent in Petrom Co., but it is going to sell part of held stake, announced the minister of Economy, Trade and Business Environment Adriean Videanu in a press conference. "We are to keep at least 8 percent in Petrom, for safety. We take into account listing stocks on Bucharest Stock Exchange", said Videanu…