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Troops not recalled from Iraq
"Romania will not withdraw its troops from Iraq," Defence Minister Ioan Mircea Pascu announced, adding the decision of Spain's new Premier Jose Luis Rodriguez Zapatero to recall the troops i...
NBR does not want to hinder lending
Last year's consumer credit boom pushed the weight of the non-governmental lending in Romania's GDP to 16.2%, from 11.2% at the end of 2002. Even so, the banking intermediation level remains...
30% gain in 7 weeks. No, it's not the lottery
The investors on the Bucharest Stock Exchange (BSE) are, without having won the Lottery, some of the happiest Romanians around, as, after the trading sessions this week, the market sees 30%...
BSE still not used for financing
Romanian companies are still weary of using the stock market as a financing source and are heading almost exclusively towards banks, with quite an opposite trend emerging in the European Uni...
SIF stake raise not included in capital market law
The consolidated capital market law that will also regulate the financial investment companies (SIF) does not include any provisions about the biggest stake a shareholder may own in one of t...
Insurance sector not done yet
Legislation in relation to the insurance sector lacks precision, and both implementing provisions and the decisions of the Romanian Insurance Supervisory Commission (CSA) are not always cons...
Nica: Cosmorom will not be shut down
Communications and IT minister Dan Nica has ruled out the possibility that the shareholders of national telecommunications operator RomTelecom should close down the company's mobile telephon...
Farming sector potential not enough for banks
The banks see agriculture as a high-risk sector compared to other fields they direct their cash to, which is actually the main reason why little financing actually reaches the sector, a surv...
Romanians not keen on voting new Constitution, PSD resorts to emergency measures
Ruling party PSD (Social Democrat Party) had a rough day yesterday, as Saturday, on the first day of the referendum for the Constitution amendment, only 14.29% of the almost 18 million voter...