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Budget deficit keeps at 0.7% of GDP
The budget deficit had come to account for 0.7% of GDP at the end of October, the same as in late September, yet down to about half the level in the first ten months of last year, Finance Mi...
Romania's billion-dollar defence, infrastructure market has US, EU officials at odds
The diverging political interests of the United States and Europe towards Romania are not exactly breaking news, as the disputes have often found their way in public statements. However, thi...
Job cuts and outsourcing at Amonil
Chemical fertiliser producer Amonil Slobozia will embark on a major restructuring programme this year, and aims to complete the process in 2004. The programme will trigger up to 35% layoffs...
EBRD, IFC call for significant changes at Romania's largest bank, BCR
Rationalised structure, improved asset and capital yield, more efficient personnel use, modernisation of the risk management and IT systems, extended implementation of the corporate governan...
Capital increase at Carpatica
Banca Carpatica will increase capital by some 70bn ROL (1.8m euros) by yearend, up to 475bn ROL, by including the patrimony re-evaluation and the exchange rate gaps. The bank's shareholders...
More foreign companies at TIB 2003
The number of foreign companies attending this year's Bucharest International Technological Fair (TIB) has gone up from last year, as they have come to account for 42% of the total participa...
Top resignations at Exclusiv Media
Outdoor advertising company Exclusiv Media's general manager, Vlad Ruta, on Wednesday resigned due to differences with representatives of the shareholder, the News Outdoor company, a divisio...
Top resignations at Exclusiv Media
Outdoor advertising company Exclusiv Media's general manager, Vlad Ruta, on Wednesday resigned due to differences with representatives of the shareholder, the News Outdoor company, a divisio...
5,000-euro Dacia more expensive at first
X90, the project bound to turn Romanian carmaker Dacia around in 2005, will be released in three "flavours." The most widely mentioned version by the media, the basic model set to cost 5,000...