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Penalty for failure to report
More than 2,000 companies listed on RASDAQ received a warning from the National Securities Commission (CNVM) for not having filed the 2002 financial reports. The decision could be followed b...
Only 3% growth for Marriott this year
Bucharest-based Grand Hotel Marriott's turnover did not budge in the first half, so that it expects to see no more than 3% growth for the entire year compared to 15% higher sales last year....
10m euro revenues for KPMG
Fiscal consulting, audit and risk assessment services have contributed the most to the higher revenues posted by professional service company KPMG Romania for the fiscal 2002/2003. The third...
Renault prepares 53m euros for Dacia
French carmaker Renault will operate a 53m-euro capital increase at Automobile Dacia. The decision was endorsed during the General Meeting of Shareholders on Wednesday, the company's vice pr...
Fewer guests for seaside hotels
The occupancy of the hotels on the Romanian Black Sea Coast amounted to 60% during the recently concluded summer season, down some 14% from last year, the National Association of Travel Agen...
Over $3 million profit for SIFs in August
The five financial investment companies made 109bn ROL (more than $3 million) profit in August, so that their eight-month profits amount to 1,276bn ROL ($30 million). August can be regarded...
Quick restructuring for BCR
European Bank for Reconstruction and Development and International Finance Corporation have worked out an institutional building plan for Banca Comerciala Romana (Romanian Commercial Bank -...
Final week for IMF agreement
The Government has one week left to meet the conditions that should persuade the International Monetary Fund (IMF) Board to consider the stand-by agreement completed. Finance minister Mihai...
Domenia Credit has $7m for mortgage loans
The development of the real estate market and implicitly of the mortgage market over the last twelve months, the higher demand for financing, as well as the high potential of this market are...