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Minister Tanasescu: switch to euro needs more analysis
Two weeks before the National Bank of Romania (NBR) replaces the dollar with the euro as the reference currency for the calculation of the ROL exchange rate, Finance minister Mihai Tanasescu...
Bucharest needs twice more accommodations
Bucharest is in dire need of accommodations, according to tourism officials. Whereas the market of luxury hotels (four and five stars) is already crowded, demand for the two and three-star h...
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...
Cardine-West Bank transaction needs Italian OK
Cardine-West Bank transaction needs Italian OK
Cardine-West Bank transaction needs Italian OK
The transaction through which Italian banking group Cardine Gruppo is to take over a 75% stake in Arad-based commercial bank West Bank could be concluded by the end of the month if Italian a...
Cernavoda II needs another $700m
Cernavoda II needs another $700m
Cernavoda II needs another $700m
The second unit of Cernavoda nuclear plant, one of the most important infrastructure works carried by the state over the past years, will become operational in 2004, provided the works are c...
Cernavoda II needs another $700m
Cernavoda II needs another $700m
Alro only needs the gift ribbon
The Privatisation Authority (APAPS) has requested aluminium maker Alro Slatina, one of the best state-owned companies, to increase its share capital. The reasons behind this request remain a...