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Copos' hotels managed by TUI
Europa and Astoria Hotels in the Eforie Nord resort, held by ANA Hotels, will become affiliated to the TUI international chain based on a management contract under which the business of the...
Unita to be absorbed by Agras
Unita insurance company held by the leading Austrian insurer WienerStaedtische, became the hottest topic of conversation on the insurance market at the end of last week. On the one hand, the...
Franchise side by side with new retailers
The development of commercial centres on the Romanian market in the last few years has brought into the spotlight a phenomenon unknown to many Romanians, yet very common in the developed cou...
Credit Bureau hurt by legislative void
The banks will have to find a solution in the next few months to convince their own debtors to agree to have personal credit contract information conveyed to and checked by the Credit Bureau...
Hidroelectrica's capital by 113m euros
Electrical power producer Hidroelectrica has increased its share capital by 4,626bn ROL (113.7 million euros) to 39,482bn ROL (970.4 million euros) by including certain amounts from the ener...
Car sales boosted by million-euro advertising and showrooms
No less than 135,000 new cars were sold in Romania last year, with their value exceeding one billion euros, twice the level logged three years ago. The "secret" recipe behind this successful...
Hard times: tax evasion to be punished by up to 25 years in prison
The Americans like to say that no one can escape death and the IRS. These days, as they are under pressure from the international bodies to quench corruption and tax evasion, the Romanian au...
SIF Muntenia outpaced by inflation
SIF Muntenia on Monday announced it had attained its 2003 S&R budget target 99%, posting a 356.7bn ROL net profit instead of the projected 360.7bn ROL. Compared with the previous year, the p...
Companies going by the calendar this year
The Bucharest Stock Exchange (BSE) has come closer to the Western capital markets, at least when it comes to how the corporate filings are treated. The BSE management instructed the listed c...