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New taxes for brokers and fund managers
The new regulations of the National Securities Commission (CNVM) covering the collection and management of its extra-budgetary revenues may spark new controversies between the commission and...
64 million euros for Valea Prahovei
The Busteni-Gura Diham-Poiana Izvoarelor-Poiana Costila area might be turned into a touristic resort under a privately-funded 64 million euro project. "The area is to become a larger resort...
Antibiotice looking for balance
After one year of soaring profits, drugmaker Antibiotice Iasi is preparing a different strategy, with financial balance as this year's top priority, instead of sales and profit. Moreover, th...
More Lockheed Martin radars for the Army
Lockheed Martin will supply to the Romanian Air Force 21 gap-filler radar systems worth about $9.5 million throughout 2004-2008. The memorandum of understanding between the two parties was s...
$35m sales for McDonald's Romania
McDonald's Romania last year posted turnover worth 35 million dollars, up 10% as compared to 2001, said Cristian Savu, the company's spokesperson. "We can expect operating profits this year....
AVAB contemplates capital market for debt collection
Romania's number one debt collector, the Banking Assets Resolution Agency (AVAB) is focusing on the debt-for-equity swap in the case of eight companies subordinated to the Privatisation Auth...
Another eight Hercules planes for the Romanian Air Force?
Those that flew to Kabul in a C-130 Hercules are mainly talking about the long trip and the freezing cockpit. Still, they are also happy they made it to Kabul and back. The four Hercules pla...
Q4 good for Turbomecanica's profit
Aircraft engine and mechanical subassemblies designer and maker Turbomecanica Bucharest posted 94.2bn ROL ($2.9 million) net profit in 2002, down nearly 10% in dollars compared with last yea...
Derivatives good for seminars only
How come no bank went belly up after the Enron collapse? All the crediting banks had used certain risk covering techniques based on derivative financial instruments, specialists say. Althoug...