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5.68% in MobiFon sold for $42.5m
Telesystem International Wireless Inc. (TIW) announced it had reached an agreement with US-based Emerging Markets Partnership (EMP) investment company on the sale of 5.68% of the currently i...
30% higher turnover for Marshal
Marshal Turism travel agency is to post approximately $15 million turnover this year, some 30% more than in 2001, Daniel Antonescu, company chairman says. It logged $11.3 million turnover la...
$4m for $60m business
The consortium comprising Marco Acquisitions, Marco International and Conef Bucharest took over the controlling interests in Alprom Slatina, with the total transaction amounting to some $14...
Finance Ministry has major tax changes in store. For 2004
Since the 2003 budget has been endorsed by a law, next year will not see any major tax changes, Finance minister Mihai Tanasescu says. The significant modifications, either good or bad for t...
Shares in exchange for nationalised houses
The Government will reimburse the former owners of nationalised houses by granting them securities and shares. To do so, the Executive has set aside up to 20% in capital of the national comp...
6% turnover growth for Alprom
Pitesti-based furniture maker Alprom will register $19.5 million turnover this year, six percent more than last year, Violeta Anton, the company's economic manager told Ziarul Financiar. "Mo...
Lower tariffs for international calls
Some Romanians will be able to talk on the phone and use an operator other than the monopolistic RomTelecom soon after New Year's Eve, the second week of January to be precise. At least this...
Industry Ministry concocts plastic surgery intervention for companies
The Industry Ministry seems to think it has found a way to both facilitate the privatisation of its subordinated companies and cut down their arrears: turning the Finance Ministry, Termoelec...
Sluggish growth for Romanian-made cars
The year 2002 was supposed to consolidate the Romanian car market, by a powerful increase in local car sales and a slowdown in the import growth recorded over the past few years. Even though...