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SOF and SIF Transilvania will share Baile Felix
Tourism resort Baile Felix will be split into several smaller companies that will be divided between the State Ownership Fund (SOF) and Transilvania Financial Investment Company (SIF Transil...
Suez may be close to merger with Veba and Viag
Suez Lyonnaise des Eaux, the French multi-utility, is thought to be close to a merger with the German power groups Veba and Viag, which are themselves merging to form E.on. Most details are...
Romanians and Bulgarians
Our neighbours from the South gained my admiration. A few years ago, I heard the story of a man who used to translate from the works of Shakespeare. I forgot his name but I remember the gest...
The magic word that steals reason and money
Most of the time, cons are done out of the law and using institutions established for a purpose other than the stated one. However, the credit cooperatives-popular banks, most of which have...
British Airways and KLM in alliance talks
British Airways and KLM, the Dutch national flag carrier, announced yesterday that they are entering negotiations aimed at closer co-operation. The talks could lead to an alliance or merger...
Small and Medium Enterprises in transition
In its brief but contorted metamorphosis, the mythology of transition has brought about several figures very popular, but just as difficult to localise concretely. One of these omnipresent f...
The Ispas and the "Horses' Easter", Romanian traditional celebrations
The mythical character that supposedly witnessed the rise of the Lord is celebrated six weeks after Easter on a Thursday. His name is Ispas. Ispas was a merry man and true believers try to b...
We shall be what we used to be and even more
Beyond all the explanations analysts are seeking for the local election results on Sunday - from the controversial implications of the Red Telephone, the Costea and FNI affairs, to the struc...
Redistribution mechanisms and polarisation of wealth
A prominent Republican leader in the USA once compared the poor taxpayer with a goose. The key in government policy was "to pluck as many feathers as possible with a minimum of screams." The...