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Cora will not focus on food
Got used to going to the supermarket for some salami, edible oil or some fruit? Well, now that the retailers selling goods on a several hectare wide area have arrived, get ready for somethin...
IMF not rushing BCR sale
The new deadline agreed upon by the Romanian authorities and the International Monetary Fund (IMF) for concluding the privatisation of the largest Romanian bank, Banca Comerciala Romana (Rom...
Hortex not venturing alone in Romania
Polish natural juice producer Hortex Holding SA is not interested in an investment in Romania yet, investment manager Andrzej Karpiuk told Ziarul Financiar. Karpiuk said Hortex might go for...
IMF: Better, but not enough. See you before Easter
Salary payments made by the state-run companies early in the year seem to have exceeded a level that can be economically justified; the poor financial discipline makes state-run loss-generat...
Non-cash perks not advisable
"We just thought everything was crystal clear." This is what Maria Manolescu, state secretary within the Finance Ministry said, after two months of discussions and general confusion created...
Saguna: We're not controlling SIFs, we're just researching
"We will continue our research at the SIFs (financial investment companies) and conduct a performance audit," Dan Drosu Saguna, Court of Accounts chairman told Ziarul Financiar yesterday. Hi...
To sell or not to sell Cosmorom?
Last year it was just a rumour, but now it is beginning to take shape: Greek group OTE is thinking about looking for a buyer for its Romanian-based mobile telephony operator Cosmorom. The wo...
Exchequer careful not to give too much
Limitless deductibility for interests on leasing, less VAT-related red tape and no more foreign currency repatriation deadlines for exporters, these are some of the most important modificati...
IMF's Deppler will not have a relaxed Government
Michael Deppler, one of the most influential International Monetary Fund (IMF) directors, has warned the Romanian authorities they have to go on with reform and maintain the fiscal disciplin...