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Petromidia debt for equity swap may get the go-ahead

After several months of careful consideration, the Government seems to have realised that the only way to solve the problem of Petromidia's historical debts is the solution suggested this sp...

Adrian Mirsanu · 18.08.2003 · 00:00 · 1 min
ZF English

Industrial output shows signs of recovery in May

The economy started to show signs of revival in May, following the slow period in the first few months of the year and especially the decline in the industrial output registered in February...

Razvan Voican · 07.07.2003 · 00:00 · 1 min
ZF English

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...

Laurentiu Ispir · 19.06.2003 · 00:00 · 2 min
ZF English

May inflation: 0,5%

Inflation stood at 0.5% in May, the lowest level posted in the past ten months, as the prices for foodstuffs, non-foodstuffs and services posted a very slight increase as compared to April....

Ziarul Financiar · 12.06.2003 · 00:00 · 1 min
ZF English

Banks may own up to 100% in insurers

The stakes held by banks in insurance companies will be possible to reach as high as 100% of the latter's capital, as long as they keep within 60% of the bank's equity, according to the law...

Ziarul Financiar · 21.05.2003 · 00:00 · 1 min
ZF English

Unita capital increase in May

Unita insurance company will increase its share capital by at least three million euros until late May, as soon as the Supervision Board of the majority shareholder, Austria-based Wiener Sta...

Ziarul Financiar · 07.05.2003 · 00:00 · 1 min
ZF English

WiFi: just find out what it means, because tomorrow may be too late

At the beginning of the last century, our forefathers were witnessing an incredible technical revolution: they could learn the news from a box called radio. It is now our turn to experience...

Victor Kapra · 25.04.2003 · 00:00 · 3 min
ZF English

Mutual savings banks may be headed for a fall

Have you by any chance forgotten about the people's banks, the financing schemes they promoted and the thousands of people who lost their money? It may all come back to you shortly, under a...

Ionela Nuta · 18.04.2003 · 00:00 · 2 min
ZF English

French Village may be put up for sale

The Banking Assets Resolution Agency (AVAB) is considering forced execution for the Sofitel Hotel, the French Village residential complex, as well as for the French Club and the sports centr...

Bogdan Neagu · 03.03.2003 · 00:00 · 2 min