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Lower output last year
The Romanian economy last year managed again to achieve a high growth pace without the support of the matching dynamic of the industrial production. The industrial output growth pace therefo...
Finance minister in one last push for introduction of flat tax
The Finance Ministry is making a final push to introduce the flat tax in Romania, after its previous attempt ended in failure last fall. "A calculation method based on a 14% tax has already...
$780m in tourism revenues last year
Romania's tourism revenues in foreign currency amounted to $780 million in 2003, 14% more than in 2002, the Tourism minister on Wednesday announced. If calculated in euros, the revenues actu...
National Bank of Romania’s revenues, down last year
The National Bank had quite a slow year in 2002, financially speaking, as it witnessed a slump in revenues due to the decline in the interests on its deposits abroad and to the reduction in...
Columna, bankrupt at last
Better late than never. That is what the former lenders of Banca Columna (Columna Bank) must have thought upon learning the National Bank of Romania (NBR) had officially declared it bankrupt...
Last call for Mara: $8.1m
Mara Hotel in Sinaia will be put up for sale for the last time in mid May, with the starting price set at $8.1 million, half the price asked during the first tender. If no bidder participate...
Bucharest Stock Exchange, in sync with Nasdaq, at last
After two months of plunges, which led to 20-30% losses for investors, the Bucharest Stock Exchange made a strong comeback and brought gains beyond expectations for all those who bought shar...
Markets can only hope it won't last long
The war has started. Yesterday morning, the Romanians woke up to the images of the first American missiles hitting the Iraqi capital. Last night, the news flashes had announced an imminent a...
The last day of Hussein's regime
US President George W Bush has relinquished all diplomatic efforts and gave Saddam Hussein a 48-hour ultimatum on Monday night, demanding him to leave Iraq. The ultimatum expires on Wednesda...