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RCS&RDS and Astral Telecom about to engulf rival FX Communications
A consortium comprising RCS&RDS and Astral Telecom, the two leading players on the Romanian cable market, will take over the fourth-largest competitor - FX Communications (Metromedia) this y...
IMF clueless about thermal power distribution in Romania
The thermal power distribution system in Romania needs an improvement of the fiscal discipline in the sector, speeding up the installation of meters in individual households and firmer steps...
World Bank warns about payroll tax
The payroll taxes are extremely high in Romania and the higher the taxation becomes, the lower the number of employees gets, the World Bank's latest Poverty Assessment report shows. "Such hi...
NBR has "mixed feelings" about non-govt. lending
The National Bank of Romania (NBR) has "mixed feelings" about the recent evolution of non-government lending. On the one hand, NBR is concerned about the rather unfavourable impact an unsust...
Talking about the EU
The Initiative Group for European Dialogue comprised of independent personalities who want to help Romanians understand EU accession announced the opening of a European Integration Forum. Mo...
SIFs, about to be left out of capital market law
The National Securities Commission (CNVM) will submit the consolidated capital market law draft to Parliament this month. The Financial Investment Companies (SIF) risk being left out of this...
Care about your servers? Stash 'em away!
A new category of IT&C services for business consumers seems to have reached maturity on the Romanian market. It is about the IT bunkers, or as specialists put it: data centres. This is a ma...
Romanian constructors bearish about Iraq
Romanian construction companies have yet to recover at least 50% of Iraq's total debts to Romania, Liviu Daschevici, director general of the Romanian Construction Contractors Association (AR...
BRD-SocGen to invest about 40m euro in 2003
The investments Banca Romana pentru Dezvoltare - Groupe Societe Generale is planning to make this year will amount to 1,353bn ROL (about 38 million euros) and will be primarily aimed at buyi...