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Demand for single-use packaging on the rise
The increasing sales of consumer goods and especially of drinks and dairy products and the higher number of fast-food restaurants have boosted the business of the single-use plastic packagin...
Booming year for HP
Hewlett-Packard (HP) Romania last year did not manage to dodge the problems its parent company experienced after the mega-merger with Compaq. Still, these hardships are now history, as HP Ro...
Only 2-3m euros for occupational funds
The capital of the companies managing occupational pension funds may eventually amount to 2-3 million euros and not to 10 million euros, according to one of the amendments proposed by the Ch...
Astral signs death warrant for fixed telephony monopoly
Companies and individuals from four Romanian cities, Bucharest, Cluj, Galati, and Braila, are now offered the choice to drop RomTelecom and go for another fixed telephony provider, Astral Te...
Public offer for Sicomed
Financial Investment Company (SIF) Oltenia will launch a stock purchase offer for drugmaker Sicomed Bucharest today. Surprisingly, the value of the offer amounts to only 190m ROL (a little o...
Romania bracing for unprecedented external deficit: 6.5% of GDP
Romania is about to end the year with a significant external deficit, triggered by the wave of imports that spun out of control in the last quarter. "According to the latest information, the...
More than 200m euros sold for ROL's sake
The National Bank of Romania (NBR) had a rather rough November. The attempt to contain the ROL depreciation against the two benchmark currencies for the Romanian market, the euro and the dol...
Russians have plans for Cernavoda
Russia is ready to participate in building the third reactor of the nuclear power plant in Cernavoda, Alexander Pochinok, Russian Labour and Social Development minister said after a meeting...
Banking market too small for 37 players?
The number of banks operating in Romania has outgrown the potential of the market and will go down to half over the next few years, says Patrick Gelin, general manager of BRD-Groupe Societe...