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Growth no longer justified
The National Bank of Romania's (NBR) foreign currency reserves, now totalling 5.82bn euros, will primarily keep up with the import growth pace and will consider covering the refinancing of t...
Ailing West no longer takes Romanian furniture in
The domestic furniture industry is going through times of decline due to the recession on the Western market, which takes in more than three quarters of the Romanian furniture production, in...
Ioan Niculae no longer wants SNTR
Interagro Group is not planning to participate in the new privatisation process of Societatea Nationala Tutunul Romanesc (National Romanian Tobacco Company - SNTR) and will try to sell its s...
No more than 4.5% for three-year USD-denominadet bonds
About three quarters of the three-year dollar-denominated bonds released by the Finance Ministry on Wednesday remained unsold because many banks bid unacceptable yields as far as the State w...
No company-paid compensations
Privatisation minister Ovidiu Musetescu feels the employees laid off by the 23 large companies on the privatisation list could not get additional compensations from their respective employer...
Ministries no longer allowed to contract foreign loans
The Romanian ministries will no longer be able to contract foreign loans on their own and then ask the Finance Ministry to simply secure the credits, which they have been doing so far, in ac...
No dividends from Astra Refinery
Astra Ploiesti Refinery will not be paying dividends this year, which is a first time since its 1998 floatation, as 2002 was a very bad year for its financial results. Turnover plunged to ha...
Armas no longer collecting debt
Argirom International Group, controlled by businessman Iosif Armas, has lost the contract for collecting the debts Romania has to recover from Angola, following the foreign trade operations...
Sony Ericsson says no 3G this year
Romanians will not see any 3G mobile telephony services this year. At least this is what Radu Ionescu, Sony Ericsson official in charge of the Romanian operations, says. He is more optimisti...