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Foreign investments, up, but not statistically
The take-over of Cluj-based Terapia drug maker has ruined Bucharest Stock Exchange's net foreign investment (acquisitions minus sales) statistics, which had been positive in the first five m...
Romania not cheap enough for Intel
Intel, the world's largest microchip maker, has no immediate plans for an office or plant in Romania, Dave King, the company's regional director for EMEA (Eastern Europe, Middle East and Afr...
Seaside hotel managers would not listen to travel agencies
"The poor management in certain hotels, particularly in Neptun, has led to low take-ups. Some hotel operators simply wanted to get rich quick, to make as much money in one month as others wo...
French Ambassador: Joining EU is not like going to Heaven
"There is a clear distinction between a formal integration and a successful integration in the European Union. Romania is said to join the EU in 2007, but this is not the end of the story. I...
Investors, not tourists still going to the seaside this year
For many years, July, along with August, has been the month in highest demand from tourists wanting to go to the seaside. But only until this year. There never were so many seaside hotels cl...
Finance Ministry not letting go of individuals
The treasury certificates aimed at individuals are still one of the best financing sources for the Finance Ministry. Albeit investments in such saving instruments are not as large as they us...
Dacia's Esteve not staying to see X90 in production
Five years in Romania later, Christian Esteve, the man that negotiated the coming of French carmaker Renault at Dacia and has run the company ever since, has decided to leave. Esteve has als...
Over 50% people not dealing with banks
Only 36% of Romania's population have a stable relation with a bank, which makes the Romanian market lag behind even Russia or Ukraine, where the share of population "drawn" to the banking s...
Beware of whom you bump into, as one in three cars is not insured
It is advisable not to engage in car crashes when you drive. But if you do, beware of whom you bump into. About one million car drivers do not own a civil auto liability (RCA) policy, even t...