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US dollar takes another plunge on Romanian market
How low can the dollar go without impacting on the Romanian economy? Without demand for USD loans soaring again? How high can the euro go without messing the forecasts of the central bank, w...
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...
Light shed on Coca-Cola - Dorna deal: 39m euros
Coca-Cola bought Dorna mineral waters for 39 million euros, much more than mentioned by the market speculations. The value of the transaction was made public a year after the moment the two...
Non-resident $3.5m purchases on BSE in April
Foreign investors invested another $3.5 million in Romanian securities listed on the Stock Exchange. April was the second month in a row when non-residents bought more than they sold. Net in...
SABMiller Romanian division on RASDAQ
Compania de Bere Romania (Romania Beer Company - CBR), the Romanian division of world's largest brewer SABMiller and the second leading player on the domestic market is scheduled for floatat...
Isarescu can rest on his laurels
International Monetary Fund's recipe to kill inflation did not work in Romania, Mugur Isarescu, National Bank of Romania (NBR) governor was quoted as saying by The Banker's latest issue. "We...
Finance Ministry to take on arrears and lack of financial discipline
After launching the campaign against corruption, the Government is now preparing to take on the arrears that are plaguing the economy."The time has come to make some crucial decisions in ord...
More foreigners on Romanian seaside
The number of foreign tourists set to visit the Romanian seaside this year may go up 20% as compared to 2002, mainly due to the contracts concluded with the large European tour operators. "T...
Continental Constanta on hold
The construction works on Continental Hotel in Constanta, a $10 million investment, have not begun yet, due to the delay in securing the necessary permits, says Radu Enache, chairman of Cont...