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BSE and RASDAQ merge now, split next
The merger of the Bucharest Stock Exchange (BSE) and of RASDAQ will be followed by a split, meaning that some of the trading-related operations (such as depositing) will be outsourced. slead...
Next Romanian Hilton in 2004
The second hotel of the international Hilton chain in Romania could be opened as soon as next year, even though the industry is going through a very difficult time. According to market rumou...
Eurobonds to be launched next week
Romania will launch the 500 million-euro bond issue next week on the international capital markets. "The issue will be listed on the Luxembourg Stock Exchange next week. In order to contact...
Tax deductions promised for next year
The Exchequer is becoming unexpectedly generous, considering the budgetary austerity over the last few years: as of next year, it is prepared to acknowledge certain expenses as deductible fo...
Diesel price up. Gas next?
The excise on diesel oil goes up to 221 euros/tonne from 187 euros/tonne as of July 1, Finance minister Mihai Tanasescu said. It has to reach 285 euros/tonne in the next three years as negot...
Tacit approval to be enforced next month
Starting mid May those applying to get a licence or have it renewed will no longer have to return to the desk from time to time and ask the public servant: "how long before I get an answer?"...
After Saddam, is Romanian corruption the next US target?
The Iraqi war seems to have relocated to the Balkans for the past two days, after the US Ambassador to Romania Michael Guest opened verbal fire against corruption, during the International A...
Interest rates for deposits likely to stay put in the next months
Perhaps some of the most frequently asked questions by those who chose the domestic currency for their banking deposits are: How will rates evolve? Will they keep dropping? Will they stay pu...
Last call for privatisation. Liquidation comes next
The Privatisation Authority (APAPS) by the end of June will privatise all the 23 companies set to shed jobs. APAPS seems to have finally made a big decision: anything that cannot be privatis...