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Hire purchase, 60% of Altex sales
The hire purchase "frenzy" that boosted the sales of the home appliance retailers at the end of last year has maintained through this first half, as well. "The beginning of the year was a li...
Copos out of phase with authorities' plans
After having made money from electronics, pastry and electrical engines, businessman George Copos is now betting tens of millions of dollars on tourism, albeit out of phase with the authorit...
Higher budget deficit for the sake of highways
Romania will try to get the International Monetary Fund (IMF) to agree with an increase in the general consolidated budget deficit scheduled for next year to 3.7% of GDP, one percentage poin...
POSTelecom in need of $90m
The investments in buying the necessary equipment for the new telecommunications operator POSTelecom amount to $60 million over the next four years in addition to $30 million for operating e...
Creativity springs from lack of hot water
The traditional annual maintenance shutdown of the heating network is no joy for the inhabitants of the big cities, yet some have thought to turn it into an opportunity. Procter & Gamble, fo...
Most likely scenario for Petrom: sale of 30-40% stake and capital increase
SNP (National Oil Company) Petrom, the largest company on the Romanian market, may be privatised through the direct sale of a 30-40% stake in the company, with the strategic investor to hold...
Sales of Romanian-made cars resume growth
The Romanian auto market has survived the "generation change" at Dacia and resumed the increasing trend recorded over the past two years. In the first quarter, sales matched the level posted...
Plenty of room on insurance market
Only one in ten Romanians has a life insurance policy and only one in four has a property insurance contract, a poll conducted by the market research company GfK shows. The percentage is ove...
General Electric may relocate part of production from US to Romania
"The managers have told the workers that they should expect some 300 jobs to be moved to Romania, where production of a military helicopter engine is to begin." These are the words of union...