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Finance Ministry to take on arrears and lack of financial discipline
After launching the campaign against corruption, the Government is now preparing to take on the arrears that are plaguing the economy."The time has come to make some crucial decisions in ord...
Xerox growth in Romania and Bulgaria
The Romanian and Bulgarian branches of the US-based photocopier maker Xerox Corp. were the only European branches of the company to have posted growth last year, Ricardo Berrio, customer ser...
La Festa after Oltchim's juices and canned goods
Polish juice and cappuccino maker La Festa, which holds the natural juice brand Tedi is planning to buy the Raureni juice and canned goods factory, controlled by chemical plant Oltchim Ramni...
Industrial parks in Giurgiu and Corabia
The Development and Prognosis Ministry (MDP) has agreed to have two industrial parks established in Giurgiu and Corabia, which should take up nearly 25 hectares. The Industry and Technology...
Romanian economy, between gloomy forecasts and great expectations
How did the Romanian economy do in the first quarter? Did the gloomy forecasts (industrial output decline and disinflation slowdown) actually come true? Are the initial estimates (5.2% growt...
I'll have a microwave oven and two PCs
Americans call it "commoditizing" - the phenomenon by which a computer turns into a consumer good, made by anyone willing and able and sold in non-specialised stores. This trend has reached...
Sony renunta la "Shock and Awe"
Din cauza criticilor dure care acuzau compania ca profita de conflictul din Irak pentru a-si spori vanzarile, Sony a anuntat ca renunta la fraza "Shock and Awe" pe care vroia sa o foloseasca...
Tender plans for partnership and expansion
Tender Group has submitted a letter of intent for buying Privatisation Authority's (APAPS) stake in Solventul Timisoara. Tender has also placed a bid for Carom Onesti, and is interested in t...
Sicomed and Sanex to shed jobs
Whereas the employees of state-owned companies are blocking the roads demanding compensations worth 36 monthly salaries, two major Romanian companies, Sicomed Bucharest and Sanex Cluj (which...