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Kvaerner IMGB out of the red?
Although it took five years from privatisation, IMGB Bucharest held by Anglo-Norwegian Kvaerner Group could end the year loss-free or even with a small profit. Also starting this year the co...
Short supply of Ad'Or awards
Although it had originally started as a rich event, at least in terms of participants, the third edition of the Ad'Or Advertising Festival was in no way a Christmas tree for those attending...
Start of ABB-Transelectrica contract
The national electricity carrier Transelectrica and Swiss-Swedish ABB Group at the end of last week commenced the $37m project aimed at retooling the 400/200 kV electrical station in Slatina...
Sales of Romanian-made cars rev up
Romanian-made cars have been in high demand for several months, although imports have increased in the past few years, while sales of domestic autos have dropped. Automobile Dacia and Daewoo...
Romanians pay for three out of ten CDs, BSA says
Software piracy rate in Romania went down five percent in only one year, reaching 70% by late 2002, as announced by the Business Software Alliance (BSA), the association representing the sof...
End of insolvent companies considered
The Industry Ministry, the Privatisation Authority and the Public Finance Ministry will analyse the situation of the large loss-making companies in the industry, which are or may become inso...
Two Taiwan-based companies in control of Romcarbon
Two Taiwanese-capital companies last week came to hold more than half in the capital of the only Romanian gas mask producer, Buzau-based Romcarbon. Living Plastic Industry, a Taiwanese-capit...
Romania likely to earn billions of dollars from fumes
More exactly, the money will come from selling the rights to give off fumes. A surprising business, which can help Romania make money right from those sectors that were deemed as loss-making...
SIFs, about to be left out of capital market law
The National Securities Commission (CNVM) will submit the consolidated capital market law draft to Parliament this month. The Financial Investment Companies (SIF) risk being left out of this...