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Vinia braces for wine shortage
Winemaker Vinia Iasi expects turnover worth $8.4 million (280 billion ROL) this year, up 13% in dollars as compared to last year. According to company officials, the grape yield was smaller...
Sicomed needs miracle cure for profit
Although sales are in no way smaller than last year, Sicomed Bucharest, Romania's largest drugmaker just doesn't seem to be making much profit these days. With 2001 deemed as a very slow yea...
Connex target for 2003: 3 million customers
Ted Lattimore, MobiFon president and COO feels the Connex service will register some 2.6-2.7 million subscribers by the end of the year. "And if we gain another half million next year, we'll...
NBR looking to quench appetite for lending in dollars and euros
After letting other bank officials do the talking for one week, the National Bank governor Mugur Isarescu yesterday decided to stand up and send a warning: the banks have granted and the com...
Outdoor advertising market, not quite a hit for investment funds
Outdoor advertising has attracted more than 15 million dollars over the past four years from several enthusiastic investment funds. The market was originally expected to double, but it prove...
It is time for the ROL/USD exchange rate to go up again
The ROL/USD exchange rate seems to have reached a standstill, as the dollar's value in ROL has not budged lately. During their last visit in Romania, the representatives of the International...
Auto leasing is passA©. Brace for real estate leasing!
People used to associate leasing with a way of buying a car without paying customs duties. Then, companies realised they could buy industrial equipment in leasing. But why not buy a whole pl...
Romanian State in search of solutions for Daewoo Craiova
The Romanian authorities are trying to figure out a way so that Daewoo Automobile Romania can continue to operate on the auto market. One solution would be to keep the current range of model...
IMF praises Government, pushes for salary cuts in energy sector
The Nastase-led Government must put a lid on the energy sector wages, especially in the case of the National Oil Company Petrom, if it wants to get the fourth installment of the stand-by loa...