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$80m loan for irrigation system
The World Bank has approved an $80 million loan for the Project to rehabilitate and reform irrigation in Romania. The project is made up of four components and targets the rehabilitation of...
Harsher punishments for tax evasion
The end of next month will come with harsher punishments and higher fines for tax evasion for both individuals and legal entities. Effective August 29, the imprisonment for tax evasion may b...
Farmlands, the new El Dorado for real estate investors
Realty market investors are now turning to farmland, which can become part of the intracity area, as there is a dearth of available lands in the big cities. Land is one of the most profitabl...
One more month of negotiations for 25% in BCR
The European Bank for Reconstruction and Development (EBRD) is hoping to conclude the negotiations for buying a stake in Banca Comerciala Romana (Romanian Commercial Bank - BCR) in September...
VNU pays $24 million for Pagini Aurii
Dutch media group VNU took over Romanian directories company Pagini Aurii (Golden Pages) under one of this year's biggest transactions on the Romanian market. VNU has indirectly increased it...
Craving for imports gets more expensive day by day
The higher and higher appetite for imports has pushed Romania's trade deficit above $2.5bn (2.3bn euros) in the first half of the year, up 47% from the same time in 2002. Six months through...
10m euros for Panasonic in H1
Panasonic Romania estimates to sell some 10 million euros' worth in the first half of financial 2003, after having concluded Q1 with 4 million euros in turnover, Catalin Savulescu, Panasonic...
100,000 euros for Honda showroom
Inter Motorcycle, part of the AutoItalia Group, yesterday opened its first showroom aimed at showcasing and selling Honda motorcycles.The company is planning to open another 4-5 such centres...
Continental Villa sold for over $500,000
The Continental Villa in Cluj, part of the hotel chain operating under the same name, was bought by GRP Group, a fully Italian-held company especially established for this acquisition. None...