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Bucharest Stock Exchange reaches record-high capitalization, more than $4bn
The total worth of the companies listed on the Bucharest Stock Exchange (BSE) exceeded $4bn last week, for the first time since the market was established. The increasing stock prices, which...
Rompetrol more productive than Petrom
Private oil group Rompetrol run by businessman Dinu Patriciu estimates to have made $1.2bn turnover last year, up 20% from 2002. Rompetrol's turnover accounts for about 60% of its archrival'...
Banca Transilvania set to invest more than 8m euros
Banca Transilvania will continue to make significant investments this year, as the bank's management has endorsed an investment budget worth more than 8 million euros.The bank invested over...
More than 200m euros sold for ROL's sake
The National Bank of Romania (NBR) had a rather rough November. The attempt to contain the ROL depreciation against the two benchmark currencies for the Romanian market, the euro and the dol...
Scheele: There's more to functional market economy status than checking boxes
The fulfillment of pledges made by the Romanian authorities to the European officials does not automatically trigger the functional market economy status for Romania, the head of the Europea...
Will D.I.Popescu do more than D.I.Popescu?
The reform in the energy sector, or the lack of, to be precise, has been harshly criticised by the International Monetary Fund and by the European Union, which see it as the main obstacle in...
Weak managers worse than taxation?
Finance minister Mihai Tanasescu is fed up with admitting in a certain cynical tone of voice that Romania has a load of taxes "due to objective reasons," with each of these taxes higher than...
ARDAF's Q1 revenues, higher than expected
ARDAF insurance company is rushing to become a top ten player on the life insurance market. Sales on this segment totalled $145,000 in Q1, up 156.8% from the same time last year. Total gross...
Romania, more competitive than it seems?
The Romanian economy ranks 23rd among those states and regions with population greater than 20 million, included in a world competitiveness yearbook drawn up by the International Institute f...