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Romanian State on a quest for strategic investor at Daewoo Craiova
"We shall have to find another investor for the Craiova Plant." Privatisation minister Ovidiu Musetescu yesterday officially admitted that the financial situation of the Daewoo plant was unc...
Interest rates for deposits likely to stay put in the next months
Perhaps some of the most frequently asked questions by those who chose the domestic currency for their banking deposits are: How will rates evolve? Will they keep dropping? Will they stay pu...
Easter holiday a blessing for tourism
The Easter and May 1 holiday could be a real blessing for the travel agencies in Romania, which might sell about 30% more products in this period, usually not popular with tourists, tourism...
McDonald's goes for yoghurt
McDonald's Romania is planning to diversify the Happy Meal menu offer this year and provide consumers with more information about healthy eating habits. The new options could include fruit,...
Lower revenues for state budget
The state budget in February collected 31% less than in January so that the 1,599bn ROL surplus at the end of that month had actually turned into a 3,874bn ROL deficit by late February. The...
Golden share option for Petrom?
Romanian authorities have yet to decide whether to retain control over Petrom after privatisation, through the so-called "golden share", a mechanism that will allow them to keep the veto rig...
Four bidders for Electrica
Enel (Italy), EVN AG (Austria), Public Power Corporation (Greece) and BKW FMB Energie AG (Switzerland) have been selected to proceed to the next stage of the privatisation of two Electrica b...
Same compensation for all
PSD (Social Democrat Party) leaders on Monday decided that all those laid off by the large companies in Brasov and Hunedoara would get the same number of salaries as severance pay, "no matte...
Boom in the cards for Romanian housing loan market
The broader offer of housing loans, obviously fuelled by increasing demand, will prompt an impressive growth pace for this market in the next few years. According to market surveys conducted...