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Differences over non-resident status
The new regulations on the legal status of the non-residents seeking visas for brief stays on the Romanian territory for tourism, business, visiting, cultural activities or for medical treat...
Auto imports soar to record-high, push leasing to over 500m euros
More than 500 million dollars. This is the value of last year's automobile imports in Romania. Is it a little, is it a lot? These figures are mind-blowing on a market where the (official) av...
Aker takes over Braila Shipyard
Norway-based Aker Brevik, which controls the Tulcea Shipyard, has announced the takeover of the Braila Shipyard from another Norwegian company, Scandinor. The deal comes after the integratio...
Flanco expands to over 60 stores
Flanco, Romania's largest retailer of home appliances and electronic devices in terms of turnover, is looking to redouble its sale space, up to 15,000 sq. metres, as it will open another 18-...
Renault takes over Nissan in Romania
Renault Romania, importer of the autos made by the French group, at the beginning of 2003 took over the import and distribution of Nissan cars. "After the distribution agreements between Ren...
President, PM clash over government reshuffle
After having buried the early elections hatchet at least for the time being, President Ion Iliescu and PM Adrian Nastase are now engaged in a clash over the governmental reshuffle. The meeti...
Ringier takes over Pro Sport
Mediapro and Ringier (Switzerland) media groups struck a deal in late last year, entailing the acquisition of the leading sports daily in Romania, Pro Sport by the Sportrom SA company, contr...
Differences over this year's economic laws
The year 2002 came with a first time for the Legislative, as next year's budget was enacted in due legal time. Beyond the controversies about how this law was discussed and passed by Parliam...
Construction companies compete over $40m gym deal
Construction companies are bracing for an extremely profitable opportunity: the Public Works, Transports and Housing Ministry (MLPTL) has set out to build almost 400 gymnasiums across the co...