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APAPS announces end of talks for 25% in BCR
After a time of silence, the Privatisation Authority (APAPS) on Wednesday announced the conclusion of the talks with EBRD and IFC on completing the transaction for the sale of 25% plus two s...
Patru legende ale publicitatii vor fi incluse in Advertising Hall of Fame
Federatia Americana de Publicitate (AAF) a anuntat ca patru dintre cele mai mari personalitati ale industriei publicitare contemporane vor fi incluse in celebrul Advertising Hall of Fame, in...
Provisions eat large chunk of Uzinexport's profit
Romanian trader Uzinexport logged preliminary net profit of 20bn ROL ($600,000) in 2003, over ten times lower than the 256.24bn ROL in the previous year. Due to its interests in an increasin...
Drug imports up five times, conquer 75% of Romanian market
On the one hand, delayed privatisation, lagging restructuring, obstacles devised by the authorities, substantial investment obligations and cheap products. On the other hand, aggressive mark...
FT: MOL acquisition of Petrom, politically unacceptable
The acquisition of SNP Petrom, the largest company on the Romanian market, by Hungarian oil and gas group MOL is expected to be politically unacceptable due to historical tensions between Hu...
Another year of massive losses for Tractorul
Agricultural equipment maker Tractorul Brasov (UTB) concluded last year with 910bn ROL losses ($27 million), as its expenses were almost twice higher than its revenues. Losses fell slightly...
FDI covers only 46% of 2.9bn-euro deficit
NBR has finally drawn the line; the explosive trade deficit growth has made Romania's current account deficit for 2003 worse, pushing it to 2.9bn euros, nearly 80% above the level registered...
IMF wants evaluation of relation with Romania
International Monetary Fund (IMF)'s Managing Board will discuss the draft of a new agreement with Romania only after seeing on its desk a report on the efficiency of the economic programmes...
Another year of 20% growth for Ductil
Welding electrodes manufacturer Ductil Buzau saw 22% net profit growth in 2003, following similar growth in the year before. The company's shares, listed on RASDAQ, have gained more than 60%...