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Tailors and shoemakers make way for new export stars: engineers
The cheap workforce has turned Romania into Europe's No. 1 tailor lately, but the trend taken by exports this year shows that machines, devices and equipment - the products of engineers - ar...
Hotel operators looking for $100m
Tourism operators see 2003 as a time to consolidate hotel operations and restore accommodation structures, estimating that investments in hotels will exceed $100 million. Many companies have...
Only 24% of Electrica Banat and Dobrogea for sale
The future owners of Electrica's Banat and Dobrogea branches will buy only 24.62% stakes at first, but will be allowed to work their way up to 51% by a capital increase. The Ministry of Indu...
$500m for the US market?
Romania may debut with a $500 million bond issue on the American market in the next three months, to capitalise on the very low interest level in the U.S. This is one of the three options co...
Electroaparataj positioned for growth
"2003 will be the last year of stagnation. We have completed the restructuring operations, therefore we must grow." Bogdan Nisipeanu, Electroaparataj Bucharest general manager, is ending one...
Great year for furniture
Furniture makers saw exports (which account for 75% of production) go up 20% last year, mainly because of the euro increase. Consequently, 2002 has been the best year for furniture since 198...
Three bids for Bucharest City Hall computerisation
Intrarom Bucharest, Hewlett-Packard Austria and Fujitsu Services UK have submitted bids for building the integrated computer system of the Bucharest City Hall, a project estimated to cost so...
Fiscal relaxation continues with more taxes for natural persons
The Finance Ministry has a surprise in store for the taxpayers - natural persons: the income derived from banking deposit rates and from dividends is to be included in the global income tax...
Canadian guarantees for Cernavoda
The Ottawa government will secure the $210m works to be done by Canadian suppliers at Unit 2 of Cernavoda Nuclear plant, according to the Canadian Department of Foreign Affairs and Internati...