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Eli Lilly cautious about sales figures
The Romanian branch of US pharmaceuticals firm Eli Lilly, which has annual sales in the region of $14bn (11.3m euros), last year logged first-quarter turnover of 8.4m euros, according to Ceg...
Govt. too upbeat about targets, says EIU
The Romanian government''s macroeconomic targets for the period 2005-2008 and medium-term growth forecasts are ambitious and too optimistic, reads the latest report by the Economist Intellig...
Montero is serious about real estate
Montero is serious about real estate
Managers optimistic about coming year
Managers optimistic about coming year
Insurers more relaxed about solvency
Insurers more relaxed about solvency
Cement market wondering about importers
The cement market in Romania is in turmoil again, induced by the release of an order of the Finance minister late last year that grants VAT exemption for imports of bitumen, cement, concrete...
Foreign investors complain about tax evasion
The biggest problem facing the foreign investors in Romania is not legislation, but the fact that laws do not apply, or they apply in a discriminatory fashion, said Antony Burgmans, represen...
Some Petrom suitors only care about information
Most of the investors that backed out of Petrom's privatisation were actually looking to get a better picture of the oil market, without having any real interest in the privatisation whatsoe...
IMF worried about rise in NPL
The main risk source for Romanian banks is the credit risk derived from fluctuations of the ROL exchange rate and of the interest rate to which the corporate sector is subjected, as shown in...