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Christmas bonus pushes single European currency down on Romanian market
The ROL/EUR exchange rate dropped 132 units yesterday, down to 40.612 ROL/EUR, mainly because of the big sales of euros by the banking customers that need bigger amounts in the domestic curr...
Romania should focus on IT, textiles and farming
The sectors Romania should focus on in order to develop foreign trade are the information technology, the light industry and ecological farming, a report by the UNCTAD's International Trade...
Raiffeisen Bank and ABN Amro on top
Raiffeisen Bank and ABN Amro Bank are still progressing at the fastest pace of all banks in terms of banking assets. The data supplied by the National Bank of Romania (NBR) show the two came...
SIF Banat-Crisana sees Vrancart on BSE
SIF (Financial Investment Company) Banat-Crisana plans to have three companies listed on the Stock Exchange next year. The three entities are Vrancart Adjud, Napomar Cluj-Napoca and a hotel...
Tofan Grup repositions on tyre market
Tofan Group will conclude this year with $80 million in consolidated turnover, which is lower than last year, for reasons beyond its control. "The performance of the group was affected by th...
Flamingo Computers brings new chairman on board
Flamingo Computers, the number one IT systems retailer in Romania, has brought a new chairman, Dragos Simion, on board. His mission is to prepare the company for floatation in about three ye...
New lending guidelines enforce on February 1
The guidelines on crediting for individuals will enforce on February 1, 2004. The steps taken are only temporary and are intended to keep the growth speed of this kind of financing in check,...
Demand for single-use packaging on the rise
The increasing sales of consumer goods and especially of drinks and dairy products and the higher number of fast-food restaurants have boosted the business of the single-use plastic packagin...
British betting house puts money on Romania
British group Stanley Leisure, one of Europe's leading operators of casinos and betting offices, is planning to enter the Romanian market this year, with 200 betting locations to be opened b...