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Privatisation begins with change of managers
The Office for State's Interests and Industrial Privatisation (OPSPI) will submit its 2003 privatisation strategy proposal to the Ministry of Industry and Resources (MIR) next week. The stra...
EBRD and IFC to get first chunk of BCR
After two failed attempts to find a major buyer for Romania's largest bank - Banca Comerciala RomAâsna (Romanian Commercial Bank - BCR), but still under pressure from the International Mon...
Only 24% of Electrica Banat and Dobrogea for sale
The future owners of Electrica's Banat and Dobrogea branches will buy only 24.62% stakes at first, but will be allowed to work their way up to 51% by a capital increase. The Ministry of Indu...
Never-ending story of Bucharest-Pitesti highway
The Bucharest-Pitesti highway is beginning to look like a monastery built by Master Manole (in which case everything built during daytime would collapse during the night), an endless work, w...
Lack of snow not a problem
The lack of snow on the ski slopes this year will not make much of an impact on the business of the hotel owners in the mountain area, operators say. The only ones that may see their busines...
War of the two palaces
The conclusions of the private meeting between Iliescu and Nastase on Tuesday have pushed the tiresome early elections issue aside for the time being, without having settled it once and for...
FDI outstripped by the wages of Romanians working abroad
Foreign direct investment (FDI) was left behind this year by the amounts of money coming from the Romanians working abroad.The capital inflows from current transfers make up for the modest c...
Moody's reservedly takes note of Romania's improved economic situation
After one year, U.S rating agency Moody's reservedly "took note" of Romania's improved economic situation.In its six years of evaluating Romanian risks, Moody's has been more severe in its a...
SIF Oltenia wants more of Antibiotice
Societatea de Investitii Financiare (Financial Investment Company - SIF) Oltenia is planning to buy more into drugmaker Antibiotice Iasi, and is to launch a public purchasing offer. The laun...