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Termoelectrica in luck on foreign markets
Termoelectrica, the second state-run Romanian company to turn to the international capital markets at this time of year has borrowed $200 million for five years at a variable interest that s...
Bankers want to work on holidays
Officially or not, many Romanians have decided in the past few years that they should no longer work between Christmas and New Year's Eve and that they should even prolong their vacation for...
RCS & RDS bet on cheaper telephony
Romania Cable Systems & Romania Data Systems (RCS & RDS) group could provide fixed telephony services at 30% lower tariffs than the current levels as of January 1, 2003. The cut would be pos...
Majestic and Dorobanti bring 330 more rooms on hotel market
New accommodation facilities will be available on the Bucharest hotel market next spring: the Howard Johnson Plaza Hotel (the former Dorobanti) and a new wing at the Majestic, following inve...
Is Romania on the Peugeot map?
French group PSA Peugeot-Citroen is looking for a suitable place to host a 700 million-euro factory in Eastern Europe, with Romania mentioned as a possible location. Fiercer competition on t...
Conflicting data on foreign investment
Foreign investment in Romania amounted to 746 million dollars in the first eight months of the year, according to the Chamber of Commerce. However, National Bank data point to only 682 milli...
PSD to state position on early elections
The ruling party this week will state its official position on organising early elections. A PSD (Social Democrat Party) delegation headed by PM Adrian Nastase will meet with President Ion I...
What's with all these currency inflows on the Romanian market?
Massive currency inflows are finding their way to Romania and it's not just the foreign direct investment.The persistent surplus recorded on the forex market has forced the National Bank (NB...
Mega Image embarks on expansion
The Mega Image supermarkets will reach the province this year, after 12 stores have been opened over the past seven years in Bucharest only."This move is part of the more aggressive policy e...