Year
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Tax deductions promised for next year
The Exchequer is becoming unexpectedly generous, considering the budgetary austerity over the last few years: as of next year, it is prepared to acknowledge certain expenses as deductible fo...
Michelin invests $10m this year
French Michelin Group, the leading tyre maker in the world, will invest more than $10 million in Romania this year, Cristina Hanganu, Michelin Romania's PR manager, told Ziarul Financiar. "W...
Nightmarish year for Aker Braila
Aker Braila (formerly known as Braila Shipyard) concluded 2002 with 121.7bn ROL in losses, after having posted 12.8bn ROL net profit in 2001, its annual report shows. "2002 was a not a very...
200 Ford Fusion this year
Romcar, general importer of the Ford brand for the Romanian market, has officially launched the Fusion model, estimating to sell more than 200 units by yearend. Ford Fusion was brought in Ro...
Sony Ericsson says no 3G this year
Romanians will not see any 3G mobile telephony services this year. At least this is what Radu Ionescu, Sony Ericsson official in charge of the Romanian operations, says. He is more optimisti...
2003, the year of functional market economy
Privatisation of the state-run farming companies has to be completed by yearend, as does the sale of the stakes held by the State in the large and very large companies included in the PSAL a...
Oil Terminal sees lower profit this year
Oil Terminal Constanta profits will keep decreasing in 2003. At least this is what the Spending and Revenue (S&R) budget estimates. The company hopes to make 22.8bn ROL in gross profit this...
Lucky year for inflation cut
Romania concluded 2002 with 17.8% in December to December inflation, following a 12.5% decrease compared with 2001. The authorities had set 22% as inflationary target early in the year, alth...
$2bn in debt payments this year
Romania's medium and long-term foreign debt contracted last year amounted to more than $1.8bn, with the total debt worth about $13.5bn by the end of last September, according to official dat...