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Outsourcing accounts for half of exports
Almost half of Romanian exports in the first four months of the year were exports that "resulted from the active improvement of temporarily imported goods", commodities processed as outsourc...
Rompetrol to sue Romanian state for hundreds of millions of dollars
Rompetrol will file suit with a World Bank arbitration court for damages incurred as a result of actions taken by institutions of the state. The central elements of the case include a letter...
Bank Leumi in talks for Eurom Bank
Bank Leumi, Israel''s second largest bank, is in negotiations to acquire control of one of the smaller banks on the Romanian market, Eurom Bank, the Israeli daily Maariv reported on Wednesda...
European Drinks applies to EBRD for loan to support long-term investment
Food and beverages group European Drinks, which is owned by Ioan and Viorel Micula, has turned to the European Bank for Reconstruction and Development (EBRD) for a 195 million-euro loan. Det...
Minimax signs pre-lease for 14,000 sqm
Minimax Discount retail chain has signed a pre-lease for 14,000 square metres of space that it will use for its central warehouse in the Mercury Logistic Park in Northwest Bucharest. The tra...
No progress for SIFs in April
The five financial investment companies (SIFs) either made low profits or losses last month due to the lack of large share transactions and the low yields from interest rates on monetary pla...
Excise duties removed for digital cameras once more
The Romanian ITC industry yesterday achieved a success few had expected: the Romanian Parliament voted to remove excise duties for digital cameras and video cameras, as well other electronic...
Single-digit interests for credits in ROL? No sooner than 2008-2009!
The restoration of stability to the EUR/ROL exchange rate with the help of the National Bank of Romania (NBR) is encouraging the market to ignore the risk of new corrections thereby maintain...
Turnover rises while profits fall for Napolact
Dairy producer Napolact Cluj Napoca, which is held by Dutch group Friesland Foods, closed 2004 with more than 33.5 million euros (1,365bn ROL) in turnover, an increase of nearly 20% on the p...