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Resita Steel Mill, the apple of discord in a 300 million-dollar war
The visit of US president George W. Bush to Romania has shed light on the Resita case - the battle will be waged in court. Noble Ventures has chosen Washington and is asking for $200 million...
Former chairman of Banca Transilvania placed under arrest
The Romanian financial market is in shock. Iosif Pop, former chairman of Banca Tansilvania and one of Romania's most enduring bankers, was arrested in connection to the fraud committed at th...
Assisted areas instead of free or depressed zones
The free and the depressed zones will turn into assisted areas as agreed during negotiations with the European Union. The number of incentives in these areas will be visibly lower. "The Gove...
Refineries in need of one billion-dollar investments
The Romanian refineries require investments of approximately one billion dollars in retooling in order to meet the European standards, Antonio Cambiotti, chairman of the Romanian Petroleum A...
Policolor lays off 40% of employees
Paint maker Policolor Bucharest will soon lay off 40% of its nearly 850 employees, following the closing of the resin-making section, the main raw material used in producing paints.The decis...
Fitch lets Romania back into group of "almost safe" countries
After six years, international agency Fitch Ratings let Romania back into the group of countries rated as almost safe for investments. Fitch yesterday upgraded Romania's ratings for the long...
Romanian State in search of solutions for Daewoo Craiova
The Romanian authorities are trying to figure out a way so that Daewoo Automobile Romania can continue to operate on the auto market. One solution would be to keep the current range of model...
A quarter of Romanian tourism in the hands of 13 people
The hotel industry this year was the target of spectacular investments, due to the privatisation process, which led to a very high density in this sector. Consequently, a handful of managers...
Introducing the business of patience
Jay Gold, the famous speculator, once said: "The perfect speculator must know when to come in; most important, he must know when to stay out; and most important, he must know when to get out...