Romanian
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Romanian environment in need of $20bn
Romania needs about $20-$21bn for financing environmental projects aimed at ecological reconstruction. EU, the banks and international bodies have allotted one billion dollars for this purpo...
Romanian Development Bank posts moderate growth
The Romanian Development Bank (BRD)-Groupe SociAétAé GAénAérale, Romania's second-largest bank, last year saw moderate growth for its main financial indicators. Net profit, expre...
Romanian GDP per capita beyond $2,000
Romanians concluded 2002 with about $2,120 per capita, even though some might not have felt it. The Gross Domestic Product went up to 1,512 thousand billion ROL ($45.9bn), up 4.9% in real te...
TUI buys into Romanian tour operator
German company TUI, Europe's largest tour-operator, took over 70% in Danubius Travel Agency, one of the biggest such companies in Constanta, the German group said. Danubius operates in busin...
Hot chocolate alluring for Romanian players
Hot chocolate, a product that has recently become a habit for the Romanian consumers, after having been introduced and promoted mainly by multinationals, has also become attractive for the d...
Romanian exports close to $14.5bn annual target
Romanian exports started the year in full gear, with January revenues amounting to $1.24bn, up 36% from the same month in 2002. Exports maintained above $1.2bn for the fifth month in a row,...
Samsung eyeing 8-10% of Romanian market
Samsung Electronics, the world's third-largest mobile phone producer, has officially entered the Romanian market. The Samsung terminals will be distributed by HAT Romania, branch of the Isra...
Romanian carmaker launches first Dacia a la francaise
During Dacia's long history, more than just a few buyers found the backseat covered in snow, after the first snow of the year. No window was broken and no door was open.This made the car's p...
Romanian electricity joins EU
Romania will join the EU this spring, but only as electrical power carrier. "Romania is set to become a full-fledged member of the Union for the Co-ordination of Transmission of Electricity...