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One in five Romanian insurers faces solvency issues
More than one fifth of the companies operating on the insurance market are facing solvency issues, the Insurance Supervision Commission (CSA) said yesterday. This is the first official annou...
Beware of whom you bump into, as one in three cars is not insured
It is advisable not to engage in car crashes when you drive. But if you do, beware of whom you bump into. About one million car drivers do not own a civil auto liability (RCA) policy, even t...
Chinese tailor, enemy number one
Romanian companies dealing in the knitting industry are facing new competition: the cheap workforce and imports from the Asian countries. The Romanian producers say their foreign partners ar...
Storm raging over one third of the world's oil
The ultimatum given by American President George W. Bush to Saddam Hussein expired last night. Our newspaper, which closes at 19.00 hours, has the ingrate mission of informing you about even...
One million ROL necktie in demand
The middle class is still not making any difference in times of elections, but it is surely a factor one must take into account in the retail business. It is the middle class that has allowe...
UTI Group aims to float one company
The numerous companies having voiced floatation plans have been joined by a new name: UTI.UTI Group, operating in the field of physical security, IT and communication systems, construction i...
Social security contributions in one pocket
Starting January 2004, all the social security contributions - insurance, healthcare and unemployment, will be collected by an independent agency, also a legal entity, subordinated to the Fi...
Patriciu crosses the one billion dollar threshold
Rompetrol Group's turnover last year was in excess of one billion dollars, which brings Dinu Patriciu, company chairman, one step closer to the medium-term goal announced: outrunning SNP (Na...
All Renault makes in one place
French carmaker Renault will bring its third brand, Nissan, on the Romanian market next year. After having taken over the controlling interests in Dacia in 1999, Renault set up a subsidiary...