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RIC says yes to Renault for Dacia
Romanian Investment Company Cyprus (RIC) will subscribe the public takeover offer launched last week by Renault and aimed at a 7.28% stake in Dacia, in view of delisting the Romanian carmake...
LukOil, importer for Petrom
SNP Petrom's crude oil transactions on the Romanian Commodities Exchange have brought new suppliers among Petrom's traditional partners. New trade companies held by the major oil groups such...
Frozen profits for Delta ice cream
Romania's largest ice cream maker, Delta Romania, was affected by last summer's rains and by the scandal related to some salmonella-infested products.Sales increased 21% in 2002, up to 13 mi...
Separate elections for President and Parliament
Following the Premier's surprise statement on Monday in Rome, about PSD (Social Democrat Party) aiming to separate the presidential and the parliamentary elections instead of organising earl...
Post Office gets eight bids for fixed telephony project
Although RomTelecom is complaining about its finances, the telecoms market is coveted by numerous players: the Romanian Post Office has eight potential partners to choose from, in order to m...
Credit cards poised for rapid growth
The Romanian card market will be posting significant growth in the next few years, but credit cards will definitely outpace debit cards, according to Roberto Romano, MasterCard International...
Good times for Petromidia
Rompetrol Rafinare-Complex (Refining Complex) Petromidia held by private oil group Rompetrol estimates 2002 turnover to reach some $800 million, while the entire turnover of the group reache...
Impressive figures for 2003
The Development and Prognosis Ministry (MDP) estimates Romania's economic growth to reach 5.2% this year, as it will be again fuelled by exports and investments. The gross fixed capital form...
2003 taxes for 2002 income
The interpretations of the guidelines for enforcing the income tax legislation, now endorsed but yet unpublished in the Official Gazette, do apply to the 2002 fiscal year, a Finance Ministry...