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Small profits for SIFs
While expecting dividends to be distributed by the firms in which they hold stakes, four of the five financial investment companies (SIF) posted modest profits four months through the year....
Plenty of red tape for Romania to curb
6,207 dollars. This is what a foreign investor had to spend either in terms of cash or time to start a business in Romania until not so long ago. Which is more than enough to make anyone giv...
Hard times call for fancy cars - Romanians discover convertibles
The difference between the regular automobile and the convertible car is the same as the difference between a pair of jeans and the pants bought from a designer label. The latter are not ver...
Austrians come up with cash for Unita
Insurer Unita, held by Austrian group Wiener Staedtische has increased its share capital by the equivalent of six million euros to 394.08bn ROL (10.6 million euros).#leadend# "Unita therefor...
Conares has $25m for COST
The new owner of steel mill COS T=rgoviste (COST) - Russian-held Swiss company Conares Trading is planning to invest $21 million in the company in the next five years and to grant the plant...
Labour Code up for modification
Employers' associations and unions have agreed to start talks on the modification of the Labour Code, following the meeting with Labour minister Marian S=rbu on Wednesday. "Every union organ...
Nightmarish year for Aker Braila
Aker Braila (formerly known as Braila Shipyard) concluded 2002 with 121.7bn ROL in losses, after having posted 12.8bn ROL net profit in 2001, its annual report shows. "2002 was a not a very...
49 stations for MOL
MOL Romania, the local branch of the Hungarian oil group MOL dedicated its second gas station in Cluj-Napoca at the end of last week. Its network is now comprised of 49 stations, according t...
13% higher Q1 sales for Medicover
The Romanian branch of the Swedish healthcare service company Medicover posted 1.9 million euro revenues in the first quarter this year, up 13% from the same time last year. Sales of subscri...