Year's
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Drug market headed for first decline in five years
The Romanian drug market continued to go down during the second quarter of this year, although most players had expected a rebound in the wake of the clarification of the problems experience...
Will commercial space tenants prevail over owners in two years from now?
Many companies are waiting to enter Romania, but cannot seem to find the right space. It is not about halls, warehouses or offices, but about a piece of commercial property so that they coul...
Dinulescu faces 10 years in prison
The former president of bankrupt bank Bankcoop, Alexandru Dinulescu, was extradited from the US yesterday and will serve the ten-year sentence delivered by the panel of Romanian judges, as h...
Romania to reach EU15 income level in 80 years
It would take Romania 80 years to reach the average EU15 income level, a survey by the European Intelligence Unit - the analysis division of The Economist, and Accenture consulting firm show...
Oil Terminal, 1 year's worth of profit
The gross profit made in Q1 by the oil products reception, storage and shipping company Oil Terminal Constanta actually matches the level the management had set for the entire 2003. Oil Term...
Energy needs $3bn investments in two years
The Romanian energy system needs approximately $3bn investments throughout 2003-2005, with $2.5 billion needed for electrical power production alone, Industry and Resources minister Dan Ioan...
Raiffeisen replies: 20 years, 22% interest
Several weeks ago, one of the leading banks in the system announced it would start granting 25-year loans for those wanting to buy a home. It was the first attempt to relax the loan-granting...
Stil investment recovered in 4 years
Bucharest-based Stil Hotel anticipates 60% occupancy rate in 2003, which would allow it to break even in three to four years, Dragos Paraschiv, general manager of the hotel said. The hotel,...
Eforie investments to pay up in 14-15 years
Investments in the two hotels in Eforie Nord bought by the Ana Group will be recovered in 14 or 15 years, George Copos, the group's owner and founder estimates. "A tourism investment normall...