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Euratom loan for Cernavoda's Reactor II
Nuclearelectrica is about to take an approximately 225 million euro loan from the European Atomic Energy Agency (Euratom) in order to complete the works on Unit II of the Cernavoda nuclear p...
Double three-month profit for MJ Maillis
Packaging maker MJ Maillis logged 130% higher net profit in real terms for Q1, compared with the same time last year, that is 4.4bn ROL. The profit growth was higher than the increase in tur...
Tax deductions promised for next year
The Exchequer is becoming unexpectedly generous, considering the budgetary austerity over the last few years: as of next year, it is prepared to acknowledge certain expenses as deductible fo...
Who's paying 20m euros for Cocor?
Cocor Store located in downtown Bucharest is up for sale to whomever is willing to pay 20 million euros for it, said Aurel Besliu, chairman of Cocor SA Company, the owner of the store. The c...
SIF Moldova wants more for Sidex stake
SIF Moldova, the most significant of all the minority shareholders of Sidex Galati plant, has requested a new evaluation of the price offered by Indian-held LNM Holdings for the plant's shar...
Final audit for Conpet - Petrotrans merger
Conpet's merger with Petrotrans in view of creating a sole oil and oil products carrier on the Romanian market is now undergoing an audit, the conclusions of which will be released towards t...
ECB cuts interest rates to 48-year low, hopes for economic recovery
The European Central Bank (ECB) has cut interest rates to the lowest since at least 1948 in any of the dozen nations using the euro, as the single European currency's appreciation saps econo...
OTE requests waivers for Cosmorom
Greek telecommunications group OTE, RomTelecom's majority shareholder, on Tuesday announced it had requested noteholder waivers and consents regarding the default of its indirect subsidiary,...
Romanians pay for three out of ten CDs, BSA says
Software piracy rate in Romania went down five percent in only one year, reaching 70% by late 2002, as announced by the Business Software Alliance (BSA), the association representing the sof...