- Banca Romaneasca SA

 - National Bank of Greece S.A.
Bucharest Branch

 - GARANTA S.A.
(insurance)

 - ETEBA Romania S.A.
(capital market trade and
investments, stocks and securities)

 - LBS – Bayerische Landesbausparkasse

 - ProCredit Bank S.A., Romania

 - HEBROS Bank AD, Bulgaria

 - International Finance Corporation
(Branch of the World Bank)

 - European Bank for Reconstruction and Development

 - Commerzbank Aktiengesellschaft

 - DEG – Deutsche Investitions
und Entwicklungsgesellschaft mbH
(Development Institution of the
German Government)

 - Nederlandse Financierings
Maatschappij Voor Ontwikkelingslanden NV
(Development Institution of the Dutch
Government)

 - Internationale Micro Investitionen AG

 - Internationale Projekt Consult GmbH
(German financial and bank
management consulting company)

 - HORUS Development et Finance, Paris
(French financial consulting company)

 - Microenterprise Credit Romania S.A.

 - Alumil Group of Companies in Romania
(production of aluminium)

 - Alumil Group of Companies in Bulgaria
(production of aluminium)

 - Schindler AG Austria
and their Romanian Group of Companies
(elevators)

 - Bulgartabac Holding, Bulgaria
(tobacco company)

 - Bulgartabac-Rom S.A.

 - GPV Group of Companies in Romania
(production of envelopes and other
similar products, direct mail services,
printing services)

 - Thermosthal S.A. Greece
and their affiliates in Romania
(production and trade of heating
systems)

 - Plexaco Greece S.A.
(plastics products)

 - Neochimiki S.A. Greece
and their Group of Companies
(detergents and chemical products)

 - Cottonfields Greece S.A.
and their affiliates in Romania
(textile production)

 - Neokem Greece S.A.
and their affiliates in Romania

 - Adiran Petrochemicals Romania S.A.
(painting materials)

 - Liubimka Ltd. Bulgaria
(confectionery)

 - Electronica S.A. Bulgaria
(electronic equipment)

 - Olineza Bulgaria
(food products)

 - GPV Bulgaria EOOD
(marketing materials production)

 - Altec Group of Companies in Romania
(Sysware S.R.L. and Unisoft S.A.)
(IT and software)

 - DDB Bucuresti SRL
(advertising)

 - Infogroup S.A. Greece
and their affiliates in Romania - Inforom Consulting
(consulting in Phare and Sapard Projects,
training of consultants)

 - FIMAN Development Services S.A.
(consulting in Phare and Sapard Projects,
training of consultants)

 - 121 Marketing S.R.L.
(marketing products production)

 - FIBLEFIN S.A., Luxembourg

 - SO-MAT AD Bulgaria
(transport company)

 - Shelf Gas Ltd Bulgaria
(gas stations)

 - Ecoinvest Ltd. Bulgaria
(oil & gas stations)

 - Auto Gas Bulgaria
(GPL and gas station projects)

 - Speedy Ltd Bulgaria
(courier services)

 - Open Public Services
(direct marketing and advertising)

 - Padell France Communication
(direct sales)

 - CFR Marfa Romania

 - Mailers Bulgaria
(advertising)

 - Inter Grup Com SRL

 - SVS CITY MEDIA Bulgaria

 - Uniropa Ltd. Bulgaria
("Tom Tailor" trademark & fashion)

 - Alexander Gaz Bulgaria
("GAS Jeans" trademark & fashion)

 - Hest Ltd. Plovdiv, Bulgaria
(industrial equipment)

 - Vinarte
(winery)

 - Mobexpert Bulgaria EOOD
(production and trade in furniture)

 - Neochimiki Bulgaria AD
(detergents and chemical products)

 - Flamingo Group of Companies in Bulgaria

 - Alen Mak Bulgaria S.A.
(cosmetics)

 - Top Line Group of Companies
(beauty products)

 - Themeliodomi S.A. Greece
(construction and ISPA projects)

 - Aktor S.A. Greece, Aktorom
(construction and ISPA projects)

 - Emit –
Ercole Mareli Impianti Tecnologi S.p.A
(construction and ISPA projects)

 - AWA and BSS Petroleum
(gas station)

 - Noll Romania Group of Companies
including their affiliates
(television & entertainment)