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OMV says it can afford to buy Petrom on its own
Austrian oil group OMV, one of the ten candidates still in the race for Petrom says it has the necessary financial strength to buy the largest company on the Romanian market on its own. At t...
Pambuccian says RomTelecom wrong
RomTelecom, a company in which the Romanian State holds a significant stake, 46%, has seen a 18-20% drop in fixed telephony revenues on a quarterly basis since the deregulation of the market...
Tanasescu says single tax quota to cover all incomes
The 23% single tax quota will be levied on every income covered by the global income taxation system currently used, while the list of deductions was supposed to be finished yesterday, Finan...
Romanians pay for three out of ten CDs, BSA says
Software piracy rate in Romania went down five percent in only one year, reaching 70% by late 2002, as announced by the Business Software Alliance (BSA), the association representing the sof...
Sony Ericsson says no 3G this year
Romanians will not see any 3G mobile telephony services this year. At least this is what Radu Ionescu, Sony Ericsson official in charge of the Romanian operations, says. He is more optimisti...
Patriciu says forced execution no good for State
Businessman Dinu Patriciu says the forced execution of the Petromidia refinery would not be to the best interest of the State. He says the best solution for the State, which holds more than...
RIC says yes to Renault for Dacia
Romanian Investment Company Cyprus (RIC) will subscribe the public takeover offer launched last week by Renault and aimed at a 7.28% stake in Dacia, in view of delisting the Romanian carmake...
National Bank of Romania says reform first, credits next
The Romanian economy needs credits to develop, while PM Adrian Nastase requested NBR to cut interests as to match the inflation decline in order to allow as many companies and individuals as...
Basescu says no to co-operation with liberals for now
Basescu says no to co-operation with liberals for now