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SocGen Fund halfway out of Romania
One percent in Orange (former MobilRom), 20% in La Dorna, 14% in Luxten and 7.72% in Policolor. This is what one of the largest investment funds in Romania, SociAétAé GAénAérale...
Winds of change at The Body Shop
The Body Shop Romania will change its look and part of the products, following a decision of the parent company, Great Britain's The Body Shop International. As of April 1, the stores will h...
Exports may run out of breath
Romanian exports are expected to remain the driving force behind economic growth this year, but they may soon run out of breath, says Eugen Dijmarescu, head of the Foreign Trade Department.D...
Romanian economy has loads of money but cannot use it
Romania has no decent highways, no hospitals, no houses. But the country does have something else: money. However, how can someone have money and be unable to use it? Inflation and the lack...
First casualties of cigarette war
The effects of the price war on the Romanian tobacco market have started to show. British American Tobacco (BAT) Romania, one of the top ten companies on this market concluded last year with...
UCM Resita makes profit in spite of debts
Diesel engine maker Uzina Constructoare de Masini (Machine Building Plant - UCM) Resita concluded 2002 with 31.4bn ROL ($0.9 million) in gross profit, in spite of its unpaid debts worth 1,43...
Vacantion for only 30% of Romanians
More than half of the people in Romania last went on holiday more than three years ago, while only 32% did the same in the past 12 months, a survey of the National Opinion Polls and Marketin...
$7 million's worth of Danish security systems
Group 4 Falck Romania, branch of a Danish security service group estimates to make twice last year's turnover in 2003. After having set foot in Romania by taking over the Valahia private sec...
Start of BCR negotiations
The Government has pledged in its third supplementary letter of intent to the stand-by agreement with the IMF to see the sale-purchase contracts for 25% plus two of the Banca Comerciala Roma...