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Craving for imports gets more expensive day by day
The higher and higher appetite for imports has pushed Romania's trade deficit above $2.5bn (2.3bn euros) in the first half of the year, up 47% from the same time in 2002. Six months through...
Frenetic non-government lending stems more overdue payments
How are your loan payments coming along? If you counted on a salary raise, you may be in trouble. The average net salaries in euros dropped more than 9 euros in May, a casualty of the accele...
Tender Group buys two more companies
Grupul Energetic Tender (Tender Energy Group - GET), the first private energy holding in Romania proceeds with its campaign to acquire equipment and service companies. Its latest two acquisi...
One more Continental factory
German group Continental AG is planning to open a productive facility in Sibiu set to make electronic equipment for vehicles. This topic was discussed during a meeting between the group's re...
Three more cities on McDonald's franchise map
Three more restaurant managers in McDonald's network are on the "waiting list" for becoming franchisees of the American company, after the manager of the restaurant in Brasov is to become th...
Rewe, 30m euro more for six XXLs
German Rewe Group will invest 30-35 million euros this year and the next to open six new XXL Mega Discount! stores, two of which located in Bucharest, general manager Rainer Exel said. "Our...
McDonald's to open two more restaurants
McDonald's Romania forecasts turnover to reach almost $20m in H1, 2003, up almost 15% since the year-ago period. "Considering we posted this increase with the same number of restaurants as l...
Will D.I.Popescu do more than D.I.Popescu?
The reform in the energy sector, or the lack of, to be precise, has been harshly criticised by the International Monetary Fund and by the European Union, which see it as the main obstacle in...
More money from VAT and customs duties
The state budget deficit went down 4.6% in April, while the deficit of the national single health insurance fund simply skyrocketed, becoming more than nine times higher. At the same time, t...