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T-bill yields awaiting signal from central bank
The rate-cutting trend will resume this autumn, according to the Ministry of Public Finances, which is betting on a "genuine" consolidation of the three-year T-bills on the market, although...
Creativity springs from lack of hot water
The traditional annual maintenance shutdown of the heating network is no joy for the inhabitants of the big cities, yet some have thought to turn it into an opportunity. Procter & Gamble, fo...
More money from VAT and customs duties
The state budget deficit went down 4.6% in April, while the deficit of the national single health insurance fund simply skyrocketed, becoming more than nine times higher. At the same time, t...
General Electric may relocate part of production from US to Romania
"The managers have told the workers that they should expect some 300 jobs to be moved to Romania, where production of a military helicopter engine is to begin." These are the words of union...
Drugmakers gain from distribution
About one year of lobbying from drugmakers later, the distribution dispute between the companies and the Romanian authorities is about to be solved in favour of the former. The Chamber of De...
Retail chain Leonardo expanding from east to west
Almost every international chain, whether comprised of supermarkets or apparel shops, has entered the Romanian market through the West of the country, after having developed strong networks...
Astral Telecom applies for $10m from EBRD
The largest foreign investor in Romania ($2.2bn), the European Bank for Reconstruction and Development (EBRD), might help Astral Telecom fulfil its ambition to become the first operator to p...
Relocation from England means double sales in Romania
Bearings producer Timken Ploiesti, a subsidiary of U.S. group Timken - the world's third-largest player on this market, will double turnover in the next years, following relocation of operat...
Astra gets $10m from BCR
Astra Ploiesti Refinery will mortgage its entire patrimony of land and buildings worth 160bn ROL and product inventories worth 350bn ROL to secure a $10 million (330bn ROL) banking loan. Thi...