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IMF pushes for reform and privatisation
More thorough structural reforms, accelerated privatisation and prudent salary policy - this is the prescription of the International Monetary Fund experts. The IMF Managing Board, which ana...
Euro hike leaves many Romanian bank customers high and dry
The U.S. dollar yesterday plunged close to a three-year low, with the single European currency climbing to 1.0539 USD.Although many analysts had already deemed the euro increase as exaggerat...
Konica and Minolta join forces in merger
Japanese imaging and office equipment makers Konica and Minolta have agreed on a $1.6bn merger plan to result in a joint holding company with some $11bn in annual sales, the Financial Times...
Sports and TV stations dry out
As of January 1, the spirits producers can only advertise between the 10 p.m.- 6 a.m. interval, following a decision of the National Audio-visual Council (CNA). Equally affected by this deci...
Domo sees turnover and profit growth
Domo, the chain of stores selling electronic and household appliances, estimates 2003 turnover to reach 30 million euros, up more than 30% since last year, when it amounted to 22 million eur...
Dollars for loans, ROL for savings and capital market for the strong-hearted
Last year, Ziarul Financiar advised you to go for foreign currency loans and to keep your savings in ROL. That is exactly what many Romanians did, and this trend may just maintain in 2003, a...
$1bn for energy and oil
The Ministry of Industry and Resources (MIR) expects the companies it operates to invest about 66,151 billion ROL ($1.7bn) in 2003, according to a report released at the end of last year. Po...
Political 2003 - clear goals and uncharted territory
To the domestic affairs, 2003 looks like an equation with at least three unknowns: we will either have early elections, or a government reshuffle or none of the above. As for the foreign aff...
1 January: fireworks, champagne and many newcomers on the telecom market
Many companies were in for a rough morning last week. The staff came to work, only to notice that all Internet communications had been cut. Consequently, operations came to a halt and the co...