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BRD on top of inflation in 2003
BRD-Groupe Societe Generale concluded last year with a net profit growth above inflation. The financial statement is to be endorsed by the Board of Directors on April 7, and the shareholders...
What is the right price of Brasov-Bors motorway?
The budget allocated for the Brasov-Bors motorway, a contract directly awarded to US-based Bechtel is 2.242bn euros, VAT not included, US Embassy sources say. Thus, the costs for building on...
Romania has better grasp of reform
If Romania is not ready for accession by January 1, 2007, the promise of the 9bn euros that should bring it closer to the European Union will not materialise, as the money will be not be pos...
Court of Accounts to look into SNTR privatisation
The Court of Accounts will look into the privatisation process of the Romanian Tobacco National Company (SNTR) after the transaction is completed, the Court of Accounts chairman Dan Drosu Sa...
Sale of minority stake might work for Cosmorom
The Cosmorom soap opera goes on. Communications and IT minister Dan Nica who attended the conference held at the opening of the Israel Hi-tech exhibition in Romania, said the Board of Direct...
Baxi wants 25% of domestic boiler and heater market
European Baxi Group, one of the world's leading makers of thermal comfort products, has established Baxi Romania SA. The representatives of the group say Baxi is the first international comp...
Antibiotice should back out of Pharma
The National Control Authority (ANC) suggested to the Health Ministry, the majority shareholder of Antibiotice Iasi, to have the company relinquish its shareholding position in Pharma drug d...
Ion Iliescu ends talks of flat tax. Again
The introduction of a flat tax for the incomes earned by individuals will not happen this year, but the current taxation system may be modified by reducing the number of income categories fr...
SIFs log growth, regardless of actual profits
The profits of some of the financial investment companies (SIF) underwent significant changes last month, going either up or down, compared to November. On the other hand, the SIF shares on...