foreign
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Foreign legal advisors called in to assist in Cosmorom war
The "war" over the future of mobile telephony operator Cosmorom, waged by its two shareholders, Greek company OTE and the Romanian State seems far from being worked out and has reached the f...
State-secured foreign loans fuel budget arrears
Twenty-seven state-run or private companies failed to pay the instalments on the foreign loans secured by the State last year, so that the Finance Ministry was forced to pay some $460 millio...
Foreign investment boost doubles insurance market
The insurance market amounted to $498 million last year, according to the report of the Insurance Supervision Commission (CSA) released on Tuesday. CSA this way put an end to all the specula...
Private foreign debt soars
It is substantial and it keeps growing. We are talking about the private foreign debt, which went up 4.3% in the first three months of the year and reached $5.94bn by March 31. The private d...
Foreign insurers to get the go-ahead for Romanian market
Few people may have thought about it so far, but whoever has actually dealt with this issue must have dubbed it an absurdity: Romanians or Romanian companies are (still) only allowed to buy...
Foreign currency reserve: NBR starts delving into safes
National Bank of Romania's (NBR) foreign currency reserves fell 481.3 million euros in May, as the central bank was forced to delve into its pockets more often last month in order to contain...
Energy sector needs privatisation through foreign capital
The privatisation of companies in the electrical power sector is a necessity, as the Romanian authorities feel, yet the process has to be done by attracting foreign capital to support the ma...
Massive capital outflows prompt foreign currency deficit
Money is leaving Romania. Have the multinationals reached the consolidation stage and stopped reinvesting their profits? It is certain that capital outflows have been obvious on the interban...
Foreign firms in Romania have different business forecasts
International companies operating in Romania anticipate that their economic activity will accelerate in the second quarter of this year, but also project a reduction in the number of their e...