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Insurance market up 19% but still room for growth
Insurance market up 19% but still room for growth
Orsova Shipyard attracts more deals but profits still falling
Orsova Shipyard attracts more deals but profits still falling
Banking assets slowly but steadily up
The total banking assets went up in real terms, by 5.4 % to 14.18bn euros in the first nine months of last year, NBR's latest data show, after having progressed by more than 8.5% in 2002. Wh...
Romanians establish 300 companies daily, but go for micro-enterprises
Statistics show that 300 companies are being registered daily in Romania, but most of them are micro-enterprises. Almost 93,000 companies were registered in the first ten months of last year...
Foreign investments, up, but not statistically
The take-over of Cluj-based Terapia drug maker has ruined Bucharest Stock Exchange's net foreign investment (acquisitions minus sales) statistics, which had been positive in the first five m...
Marriott will expand, but later
Hotel chain Marriott is planning to expand on the Romanian market, but is not in talks with any local hotel for the time being, Franz Ferschke, Marriott International Inc. VP for Europe told...
Romanian economy has loads of money but cannot use it
Romania has no decent highways, no hospitals, no houses. But the country does have something else: money. However, how can someone have money and be unable to use it? Inflation and the lack...
IMF: Better, but not enough. See you before Easter
Salary payments made by the state-run companies early in the year seem to have exceeded a level that can be economically justified; the poor financial discipline makes state-run loss-generat...
End of part one in Alro saga, but no denouement in sight
End of part one in Alro saga, but no denouement in sight