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UniCredito acquires control of Demir Romlease
Italy-based UniCredito Group keeps increasing its exposure on the Romanian market by entering segments outside the banking realm, such as leasing and brokerage. After having bought everythin...
Plenty of red tape for Romania to curb
6,207 dollars. This is what a foreign investor had to spend either in terms of cash or time to start a business in Romania until not so long ago. Which is more than enough to make anyone giv...
Three banks on top of card market
The number of card accounts opened by individuals and companies with the issuer banks went up by 231,000 in the first three months of this year, filings with the National Bank of Romania (NB...
Wolfowitz: Get rid of corruption and spread your wings!
The statements of the US ambassador to Bucharest Michael Guest on corruption in Romania do not stand as a personal opinion but as the official point of view of the United States of America,...
Apparel, 50% of total trade volume with UK
The clothing sector accounts for about half of the total volume of trade between Romania and the UK, which can be seen in the orders the British apparel vendors such as Marks & Spencer, Arca...
Cost of energy inefficiency: $1bn in 2002
Low tariffs and uncollected bills have caused more than one billion dollar losses for the entire Romanian energy sector in 2002, Ziad Alahdad, World Bank's representative in Romania on Tuesd...
Milestone in search of cash for Romanian market
American financial group Milestone Merchant Partners, which manages the Romania and Moldova Direct Fund (RMDF) investment fund is planning to raise $50 million for a new regional fund aimed...
Beware of whom you bump into, as one in three cars is not insured
It is advisable not to engage in car crashes when you drive. But if you do, beware of whom you bump into. About one million car drivers do not own a civil auto liability (RCA) policy, even t...
Finance Ministry short of liquidity, NBR sees to inflation
Finance Ministry has given in. Pressured by the higher and higher need to finance the budget, after two months in which it had systematically rejected all the bids from banks that were tryin...