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Germanos to open 5 more stores
Germanos, one of the main domestic suppliers of telecommunication equipment, will expand by five more stores by yearend, so that the points of sale will amount to 70. "The funds for opening...
5,000-euro Dacia more expensive at first
X90, the project bound to turn Romanian carmaker Dacia around in 2005, will be released in three "flavours." The most widely mentioned version by the media, the basic model set to cost 5,000...
Scheele: There's more to functional market economy status than checking boxes
The fulfillment of pledges made by the Romanian authorities to the European officials does not automatically trigger the functional market economy status for Romania, the head of the Europea...
Fiscal revolution postponed one more time
The draft to introduce the 23% single tax quota for individuals' incomes was not debated during the Government session on Thursday, even though the Finance Ministry had finally finished all...
Budget to get more revenues from indirect taxation
The Government expects revenues to the state budget to amount to 246,000 billion ROL this year, up 5,300 billion ROL from the original estimates. According to the rectified budget, the incre...
More preferential loans for banking staff
When it comes to loans, banks never overlook their own employees, especially since they are more credible than just any other customers. Under the circumstances, the loan fever has spread fr...
IMF has some more issues to discuss
IMF's Bucharest office on Monday confirmed the new supplementary letter of intent with the Romanian Government was not finished yet. The fund expects to see "firm steps" to cut losses in the...
SIF Muntenia buys 20% more in Plastex
SIF Muntenia bought another 20% in plastic producer Plastex Tulcea for nearly $500,000. The most likely seller is the Romanian Investment Company Cyprus (RIC) investment fund, sources on the...
One more month of negotiations for 25% in BCR
The European Bank for Reconstruction and Development (EBRD) is hoping to conclude the negotiations for buying a stake in Banca Comerciala Romana (Romanian Commercial Bank - BCR) in September...