Year's
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Three years of growth
Romania registered 5% of GDP economic growth in 2002, exceeding the 4.5% target, National Bank of Romania (NBR) Governor Mugur Isarescu on Wednesday stated. He says this performance came wit...
Finance Ministry hesitating to tax last year's employee perks
The commotion stirred by the prospect of retroactively taxing 2002's employee perks based on enforcement guidelines yet to be officially published, has made the Finance Ministry think twice....
Online clearing in two years
The National Bank of Romania (NBR) and Italy-based Societa Interbancaria per l'Automazione (SIA) have recently begun implementing the national electronic payment system, which will result in...
Differences over this year's economic laws
The year 2002 came with a first time for the Legislative, as next year's budget was enacted in due legal time. Beyond the controversies about how this law was discussed and passed by Parliam...
EU accession, four years and 3bn euros away
The EU Summit held in Copenhagen at the end of last week did not bring any surprises, although tension prevailed over debates until the very last minute. It resulted, as anticipated, in 10 n...
Former MP sentenced to three years in prison
The Supreme Court of Justice (CSJ) has sentenced former MP Gabriel Bivolaru to three years imprisonment for fraud. The court has also found that he shall pay more than 2,200bn ROL in civil l...
Hilton reaps $80 million in five years
The AthAénAée Palace Hilton hotel, based in Bucharest, has collected more than $80 million in its five years in business, Michael Williamson, business development manager of the hotel...
Twelve years of privatisation later, the state is still the business leader
After twelve years of privatisation, with some of the deals even hailed as historical, the state-owned economy has managed to stay afloat and even tower over the biggest Romanian businesses....
New Year's Eve: last-minute solutions are not cheap
New Year's Eve: last-minute solutions are not cheap