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Deficit bigger by the month
The current account deficit of Romania's balance of payments amounted to 1.64bn euro in late September, 61% higher than in the first nine months of last year, the National Bank of Romania (N...
Launch of 1,000,000 ROL bill to be shortly followed by denomination
Three days after the National Bank's announcement about the imminent release of the 1,000,000 ROL bill, Premier Adrian Nastase decided that Parliament would receive the draft law on the dome...
Launch of 1,000,000 ROL bill to be shortly followed by denomination
Three days after the National Bank's announcement about the imminent release of the 1,000,000 ROL bill, Premier Adrian Nastase decided that Parliament would receive the draft law on the dome...
Ana Hotels sees growth, fuelled by event management and conferences
Ana Hotels, Ana Group's hotel unit, posted $8.54 million turnover in three quarters this year, up 6.4% from the year-ago period. Ana Hotels expects $11.53m full-year turnover, 7% more than l...
Alro hindered by USD stagnation
Alro Slatina should have seen much better 2003 financials almost effortlessly as a result of the increase in the aluminium price from $1,280/tonne in 2002 to nearly $1,500/tonne worldwide th...
Romania to deregulate power and gas markets by 2007
The Romanian authorities are planning a complete deregulation of the power and natural gas markets by 2007, when Romania hopes to join the EU. With a 33% deregulated energy market and 30% fo...
Flamingo raises bet by 10,000 PCs
Flamingo Computers has revised its PC sales target upwards, estimating it will sell 35,000 PCs this year, 10,000 units more than initially anticipated, said Dan Topala, Flamingo Internationa...
Savings hit by low interests
Savings in the banking system increased only 1.1% in nominal terms in August, up to 94,990bn ROL, fuelling the central bank's concerns about eroding savings. The fast-paced decrease of inter...
Central Bank raises intervention rate to 20.25%, takes market by surprise
The National Bank of Romania (NBR) has managed to take the financial-banking market by surprise at the end of last week, when it decided to increase the intervention rate by one percentage p...