expected
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IMF approval expected for tax cuts
IMF approval expected for tax cuts
Petromidia profits higher than expected
Petromidia profits higher than expected
Romania not expected to end EU talks in 2004
Romania will most likely continue talks with the European Commission next year, but if negotiations are concluded in the first half of 2005, the 2007 accession deadline will not be jeopardis...
EU officials expected for market economy debate
A delegation of the European Commission's Directorate General for Economic and Financial Affairs is due to arrive in Bucharest this week to discuss functional market economy issues with the...
ARDAF's Q1 revenues, higher than expected
ARDAF insurance company is rushing to become a top ten player on the life insurance market. Sales on this segment totalled $145,000 in Q1, up 156.8% from the same time last year. Total gross...
Banking rates keep spiraling down, trend expected to endure
Do you remember the 100-120% annual rates offered by the banks for one-month deposits back in 1997? Those days are long gone, with the banks now paying ten times smaller rates. Or, to make i...
First deliveries for Reactor 2 expected
Nuclearelectrica, Romania's third-largest electricity producer, estimates 2003 turnover to amount to some $130 million, about the same as last year. It is not the turnover that makes this ye...
BCR decision expected this month
Romanian authorities are set to decide on the privatisation of Banca Comerciala RomAâsna (Romanian Commercial Bank - BCR) this month. Privatisation minister Ovidiu Musetescu has said that...
ABB gets $30m less than expected
Swiss-Swedish group ABB will register only $65-$70 million in orders on the Romanian market this year, down from the $78 million logged in 2001 and the $100 million forecast for 2002."We can...