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Finance Ministry to propose upward revision of deficit target to 2%
The Finance Ministry will propose the Government to endorse a second budgetary adjustment next week that should take the deficit target for this year at 2% of GDP, compared with the 0.9% end...
Promotions and Police boost sales of new Romanian cars
The aggressive pricing of cars and the start of deliveries to the Romanian Police led to sales of Romanian-made cars resuming growth in May, after four months of decline compared with the pr...
Bank of Cyprus enters local market
Bank of Cyprus, the biggest bank in Cyprus, is preparing to enter the local market, where it intends to operate a bank subsidiary as well as a leasing company. According to data published in...
Peter Burema, new head of Terapia Cluj
Next month Peter Burema will become the new chief executive of the drug manufacturer Terapia, according to the decision of the Board of Directors of Terapia-Ranbaxy. He replaces Stephen Stea...
Bank of Cyprus intra pe piata locala
Bank of Cyprus, cea mai mare banca din Cipru, se pregateste sa intre pe piata romaneasca, unde intentioneaza sa opereze o sucursala bancara, dar si o societate de leasing. Potrivit datelor p...
First quarter ends with changes at the top of the bank ranking
The export of loans to the balance sheets of the parent banks, as well competitive pressure have caused visible changes in the market share ranking of the banking system in the first three m...
Severnav''s profit comes from reassessment of contracts
Severnav shipyard in Drobeta-Turnu Severin stepped into the black in the first quarter of this year, though not due to the increase in its turnover, but to the reassessment of contracts unde...
Bucharest Stock Exchange loses 4bn euros of its capitalisation
The Bucharest Stock Exchange has lost almost 4 billion euros of its capitalisation over about four months of decline (February 10 - June 9), reverting to the level in the first trading sessi...
M&A''s expected in sugar industry by the end of 2007
Emilian Dobrescu, the general representative of Agrana group, the biggest player on the domestic sugar market, says the market will witness acquisitions, mergers and even the complete takeov...