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Czech Hobas buys bankrupt Romanian Hobas plant

Hobas Czech Republic, subsidiary of the Swiss maker of fibreglass reinforced plastic piping has recently taken over in a $4.89m transaction the Bucharest-based factory of Hobas Tub Romania,...

Adrian Mirsanu · 24.02.2004 · 00:00 · 2 min
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Alpha Bank Group eyes Romanian State

Alpha Bank Group, through its Romanian branch, is planning to do more business with the Romanian State this year, also increasing its retail exposure. The group aims to supply funding for th...

Ziarul Financiar · 20.02.2004 · 00:00 · 1 min
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Indians take on Italians on Romanian leather market

One of the largest Indian companies, Tata Group, will enter the Romanian market through its leather articles division, Leather SBU (Strategic Business Unit) this year. Its goal is to gain co...

Miruna Lebedencu · 19.02.2004 · 00:00 · 2 min
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Romanian furniture dealer lands $18 million contract in Iraq

Romanian companies are finally landing contracts for the reconstruction of Iraq. The first deal was signed by Tehnoforestexport SA, based in Bucharest - the former foreign trade company befo...

Adrian Mirsanu · 17.02.2004 · 00:00 · 2 min
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Romanian State raises more money from various taxes

Business was good in 2003, judging by the spectacular increase (more than 46%) posted by the revenues collected by the State from the taxes paid by the companies operating on the Romanian ma...

Razvan Voican · 16.02.2004 · 00:00 · 2 min
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Enel wants Romanian tariffs in line with regional markets

Italy's energy giant Enel, which intends to take over local energy distribution companies Electrica Banat and Electrica Dobrogea, wants the distribution tariff on the Romanian market to be c...

Adrian Mirsanu · 11.02.2004 · 00:00 · 2 min
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Romanian economy relies heavily on foreign loans to fund budget deficit

With a budget deficit almost 80% financed from external sources, public investment projects and soaring bills for imports funded with loans that are constantly guaranteed by the State, Roman...

Razvan Voican · 09.02.2004 · 00:00 · 2 min
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Eximbank insures Romanian investment abroad

Romania's Eximbank has launched insurance policies for the investments of the Romanian companies abroad. The bank used to sell insurance for export loans granted by Romanian banks and for th...

Ziarul Financiar · 09.02.2004 · 00:00 · 1 min
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European Commission launches probe into $2.5bn Romanian motorway contract

The European Commission is investigating the award - without a tender - of a $2.5bn (2bn-euro) contract to the US company Bechtel, to build the Brasov-Bors motorway, according to the Financi...

Adrian Mirsanu · 06.02.2004 · 00:00 · 2 min