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Incentives for sponsors of sports activities
The Fiscal Code draft, which is to come into effect on January 1st, 2004, includes a series of stipulations meant to ease up the attraction of additional financial sources for sports activit...
Slow year for GreenForest
Sales of Timisoara-based GreenForest company, a producer of furniture for the domestic and foreign market, in the first half of this year increased by 2.3% as compared to the corresponding p...
Drug market headed for first decline in five years
The Romanian drug market continued to go down during the second quarter of this year, although most players had expected a rebound in the wake of the clarification of the problems experience...
BSE-RASDAQ merger set for completion in 2004
The merger of the two regulated capital markets, the Bucharest Stock Exchange (BSE) and RASDAQ will be done next year, BSE manager Stere Farmache said. The merger will be possible to conduct...
1m euro losses for Unirea Iasi
Edible oil producer Unirea Iasi, held by the Dutch company Cereol Holdings, logged 41.2bn ROL (1.13m euro) losses in the first six months, as compared with 97.1bn ROL net profit on June 30,...
TNK-British Petroleum, the first official suitor for Petrom
Russian-British company TNK-British Petroleum (BP) had submitted, by yesterday morning, the only letter of intent for the privatisation of SNP Petrom, Dan Ioan Popescu, Economy and Trade Min...
Lower profit for Aversa
Pump maker Aversa Bucharest in the first half of this year registered three times lower profit as compared to the similar period of last year. The company's H1 net profit reached only 458 mi...
AIG Life products for children and credits
Circumstances make insurance companies take on new products. AIG Life on Monday launched, besides a group insurance product aimed at children, a simple death insurance for loan contractors,...
$3m project for Impact
Construction and real estate development company Impact will raise an office building in the Pipera - Tunari area in Bucharest by 2005. The Construdava business centre is first such building...