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IMF needs to see cocnrete reform
The International Monetary Fund (IMF) will not conclude a new agreement with Romania unless a set of concrete reform steps is taken before the Board of the institution discusses the project....
Saddam Hussein captured in Iraq, financial markets may see rebound
Eight months after the fall of his government, former Iraqi leader Saddam Hussein was captured Saturday night by coalition forces near his hometown of Tikrit, where he was hiding in a farmho...
Friesland to see 10% boost
Dairy producer Friesland Romania, a subsidiary of the Dutch company estimates a 10% sales boost this year, up to 31.9m euros. After having focused on production and expansion in the last thr...
Romanian authorities see the glass half-full
The Nastase Cabinet deems the European Commission's country report as a huge success, even though the European Union did not grant Romania the functioning market economy status and warned co...
Auto sales up 17% in nine months, Romanian-made cars see boost
Car sales on the Romanian market totalled 95,000 units in nine months this year, up 17% up from the year-ago period, the Romanian Carmakers and Importers Association (APIA) statistics show....
Tiriac Holdings auto division see 17% turnover increase
The auto division of Tiriac Holdings, which comprises brands such as Chrysler, Ford, Hyundai, Jeep, Mazda, Mercedes-Benz, Mitsubishi and Smart, saw turnover increase 17% (some $9 million) in...
Domestic gas suppliers see privatisation by March 2004
The privatisation of the two large gas suppliers in Romania, Distrigaz Sud and Distrigaz Nord, will be completed by March 31, 2004, three months after the initial deadline, just as it happen...
Ariston and Indesit see 150% first half growth
Merloni Elettrodomestici, an Italian producer of home appliances, which holds the Ariston and Indesit brands, saw first half sales grow by 150% from the same time last year. "There are two m...
SIFs see $35m profit
The five financial investment companies (SIF) announced 1,170 billion ROL ($35m) total net profits in the half-year. Four of the SIFs posted earnings ranging between 229 and 275 billion ROL....