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Managers see better days ahead
Managers in the main economy sectors - industry, constructions and retail, are optimistic about the companies they run. They anticipate either output growth or higher sales or more orders an...
Dacia's Esteve not staying to see X90 in production
Five years in Romania later, Christian Esteve, the man that negotiated the coming of French carmaker Renault at Dacia and has run the company ever since, has decided to leave. Esteve has als...
Labour minister yet to see unhappy employers
Labour Minister Marian S=rbu dismisses criticism from employers' associations against the Labour Code. He argues the employers he has met so far told him they were not having too much troubl...
Tour operators see big losses
Travel agencies in Romania expect to see millions of euros in losses this year, due to the military conflict in the Middle East, which has caused a serious decline in the number of business...
Viennese analysts see slowdown
Romanian GDP will grow 4% this year, 0.5% slower than in 2002, with this level to maintain over the next year, as well, a report of the Vienna Institute for International Economic Studies (W...
IMF: Better, but not enough. See you before Easter
Salary payments made by the state-run companies early in the year seem to have exceeded a level that can be economically justified; the poor financial discipline makes state-run loss-generat...
Travel agencies see $360m revenues
Romanian travel agencies will post some $360 million in revenues this year, up 10% since 2001, says Marcel Badescu, honourary chairman of the National Association of Travel Agencies (ANAT)....
Tractorul to see massive layoffs
After months of negotiations to sell Tractorul Brasov, the Privatisation Authority and Myo-o company have reached the most delicate issue: the number of employees. Both parties agree that ha...
SEE investment bank in London
The Capital financial group, administrating three investment funds in Romania, the Romanian Investment Fund (RIF), Sweepstone Investment and Romanian Reconstruction Capital (RRC) is planning...