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Only 5 funds top inflation
The mutual fund shares went up only 0.7% on the average last month, compared with the 1.1% inflation. The domestic currency during the same month lost 1.2% to the euro and 0.4% to the dollar...
Leasing soars to record-highs, only to fall flat in 2002
The Romanian leasing market, that is the cumulated value of all contracts, will reach 1.5 billion euros in 2002. This forecast was repeated all through last year by the players and analysts...
Landini, Tractorul's only suitor
The only investor to have explicitly expressed interest in Tractorul Brasov is Italy-based Landini, Privatisation minister Ovidiu Musetescu yesterday said. He says that Tractorul's situation...
Markets can only hope it won't last long
The war has started. Yesterday morning, the Romanians woke up to the images of the first American missiles hitting the Iraqi capital. Last night, the news flashes had announced an imminent a...
Internet contributes only $40m to GDP
Although the communications market is estimated by specialists to be worth more than $2bn, the Internet is but a very small part of it, according to the Romanian ISP Association chairman, Gh...
Vacantion for only 30% of Romanians
More than half of the people in Romania last went on holiday more than three years ago, while only 32% did the same in the past 12 months, a survey of the National Opinion Polls and Marketin...
Tax refunds only upon request
Ordinance 61/2002 on budgetary debt collection in effect since January 1, 2003 has finally got enforcement guidelines published in the Official Gazette. Article 19 of the ordinance specifies...
Derivatives good for seminars only
How come no bank went belly up after the Enron collapse? All the crediting banks had used certain risk covering techniques based on derivative financial instruments, specialists say. Althoug...
Only 24% of Electrica Banat and Dobrogea for sale
The future owners of Electrica's Banat and Dobrogea branches will buy only 24.62% stakes at first, but will be allowed to work their way up to 51% by a capital increase. The Ministry of Indu...