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New boss at SABMiller Romania
The Romanian division of SABMiller, the world's second-largest beer company, will have a new general manager, as Steve Woodward has come to the end of his three-year mandate. SABMiller Roman...
Importers balk at Govt. ordinance
Finance Ministry's promises about modifying the law that amends Ordinance 61/2002 on collecting debts to the budget do not seem to have convinced the merchants or at least the representative...
Romanian State on a quest for strategic investor at Daewoo Craiova
"We shall have to find another investor for the Craiova Plant." Privatisation minister Ovidiu Musetescu yesterday officially admitted that the financial situation of the Daewoo plant was unc...
Bucharest Stock Exchange, in sync with Nasdaq, at last
After two months of plunges, which led to 20-30% losses for investors, the Bucharest Stock Exchange made a strong comeback and brought gains beyond expectations for all those who bought shar...
Private sector balks at severance packages for employees who barely remember work
The private sector, the one that is truly productive, will take it personally if the authorities give in to the union protests at the state-owned enterprises where layoffs are scheduled. The...
Honeywell and Koyo making parts at Compa
US-based Honeywell Group and Japanese Koyo Group have started producing car parts in Sibiu, following a partnership with Romanian automotive parts maker Compa. The maturity of the two contra...
Iraq crisis debated at Cotroceni
Wednesday, the same day when the Iraqi Ambassador in Bucharest Saad H. Medjic alleged he had been asked by the secret services to work as a spy for Romania, this way bringing tension in the...
Vrancart turnover stays at $14m
Vrancart Adjud, one of the leading corrugated cardboard and toilet paper makers in Romania, posted 471.3bn ROL ($14.26 million) turnover in 2002, up only 0.6% from the previous year. Vrancar...
Capital increase at Banca tiriac
Banca tiriac's Board of Directors has called the extraordinary general meeting of the bank to endorse the increase of the share capital by 340.68bn ROL (nearly $10.5 million). The bank's cap...