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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...
Michelin's Romanian employees invest abroad
The Romanian employees of tyre maker Michelin bought 250,000 euros' worth in the group's shares, traded on the international market.Nearly 70% of the 3,500 Romanian employees, that is 2,320...
SABMiller Romanian division on RASDAQ
Compania de Bere Romania (Romania Beer Company - CBR), the Romanian division of world's largest brewer SABMiller and the second leading player on the domestic market is scheduled for floatat...
Milestone in search of cash for Romanian market
American financial group Milestone Merchant Partners, which manages the Romania and Moldova Direct Fund (RMDF) investment fund is planning to raise $50 million for a new regional fund aimed...
EU slowdown, no excuse for Romanian exports to follow suit
Romania has no reason why it should not maintain the two-digit target for the annual growth of its exports, though its main trade partner, the European Union, is confronted with a weak econo...
EIU, downward revision of Romanian forecasts
The analysts of the Economist Intelligence Unit (EIU), a division of The Economist Group have revised their economic growth forecasts for Romania from 4.8% to 4.6% for 2003 and from 5.3% to...
More foreigners on Romanian seaside
The number of foreign tourists set to visit the Romanian seaside this year may go up 20% as compared to 2002, mainly due to the contracts concluded with the large European tour operators. "T...
Romanian economy, between gloomy forecasts and great expectations
How did the Romanian economy do in the first quarter? Did the gloomy forecasts (industrial output decline and disinflation slowdown) actually come true? Are the initial estimates (5.2% growt...
Ruhrgas takes over part of ABB's Romanian operations
German group Ruhrgas, one of the largest energy companies in Europe will take over the Romanian counter maker ABB Rometrics in a matter of weeks, under a $5 million deal, market sources say....