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Integration and globalisation according to Romania: the state must go on
The average salary in Romania is just a quarter of the Hungarian or Czech wages and a tenth of what the EU member states are paying. Corruption is chasing investors away. Taxation and bureau...
BCR and BRD about to storm Romanian mutual funds market
Banking deposits rates keep dropping, pushing many investors to look for more profitable investment options. Since the revenues derived from interest rates and insurance will be encompassed...
Separate elections for President and Parliament
Following the Premier's surprise statement on Monday in Rome, about PSD (Social Democrat Party) aiming to separate the presidential and the parliamentary elections instead of organising earl...
Rolast hit by strong ROL and bad market
Synthetic rubber marks maker Rolast Pitesti's 2002 financial results will be lower than those in the previous year, because of the bad conditions on the foreign markets, the stabilisation of...
Only 24% of Electrica Banat and Dobrogea for sale
The future owners of Electrica's Banat and Dobrogea branches will buy only 24.62% stakes at first, but will be allowed to work their way up to 51% by a capital increase. The Ministry of Indu...
Unions and SIFs bracing for pensions
The private occupational pensions are still in the drafting stage, but the action behind the scenes shows the future players are intently focused and already marking their turf. The unions -...
Loulis wants new products and distribution
Greek group Loulis Romania is ready to invest about two million dollars this year in distribution and the launch of new products. The company logged almost 34 million euros in turnover last...
EBRD and IFC to get first chunk of BCR
After two failed attempts to find a major buyer for Romania's largest bank - Banca Comerciala RomAâsna (Romanian Commercial Bank - BCR), but still under pressure from the International Mon...
Tailors and shoemakers make way for new export stars: engineers
The cheap workforce has turned Romania into Europe's No. 1 tailor lately, but the trend taken by exports this year shows that machines, devices and equipment - the products of engineers - ar...