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Banks looking for long-term sources of cash
The decline in savings kept in banks month by month and especially the reluctance towards long maturities are now forcing banks to find other sources of long-term cash. The solution seems to...
Ski resorts operators praying for snow
The lack of natural snow on the ski slopes and the high temperatures that render even snow guns ineffective risk compromising the business of the mountain resorts. If no snow falls until Jan...
Cernavoda used for medical purposes
Canada-based MDS Nordion could invest $10 - $20 million in Romania over four years in order to modify reactors 1 and 2 at the Cernavoda nuclear plant to make the cobalt 60 radioisotope used...
1M euro New Year's Eve party for Bucharest hotels
The hotels in Bucharest will get at least 1 million euros out of the New Year's Eve party, besides additional substantial revenue derived from organising parties thrown by companies for thei...
3 more years for Romanian Investment Fund
The shareholders of Romanian Investment Fund (RIF), one of the top investment funds on the Romanian market have decided to extend its life span by three years so that the fund could get bett...
No deductibility for mortgage credits
The spending on mortgage rates will not be deductible from the income tax as of 2004, not even up to the 500 euro annual cap, as stipulated in the Fiscal Code draft forwarded to Parliament....
Intercontinental shares sold for 250 ROL
The Authority for Privatisation and State Ownership (APAPS) has sold on RADAQ market a 1.7% stake in the Intercontinental Hotel Company (CHI) at a price that was seven times lower than initi...
1m euros for apartments
Italian-based company Living Today, which specialises in short-term apartment rental, will soon complete a one million-euro investment in a building made up of 29 apartments, located in down...
Different owners for Distrigaz Nord and Sud
Distrigaz Nord and Distrigaz Sud, which make up the state monopoly over the natural gas distribution, will eventually have different owners, the privatisation announcement run in the central...