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Electroputere in the black

Electrical engine and high voltage equipment maker Electroputere Craiova has managed to move into the black at end of the third quarter this year, after having spent almost three years in th...

Ziarul Financiar · 19.11.2003 · 00:00 · 1 min
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Foreign investments beyond the $10bn frontier

The foreign direct investment (FDI) in Romania has crossed the $10bn threshold, reaching $10.09bn in September, the Romanian Investment Agency (ARIS) says. Although the authorities deem this...

Miruna Lebedencu · 17.11.2003 · 00:00 · 2 min
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GeCAD on the lookout for special software ideas

Five months after selling the RAV anti-virus technology to Microsoft, GeCAD Software, the company run by businessman Radu Georgescu is on the lookout for ideas. Not just any ideas, however,...

Iuliana Butuc Cerchez · 13.11.2003 · 00:00 · 3 min
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More Romanians in the neighbourhood of $100m

Romania's richest people ranking published by Capital magazine has not seen too much of a change in the upper segment. Iosif Constantin Dragan remains the richest Romanian, as his fortune is...

Laurentiu Ispir · 12.11.2003 · 00:00 · 2 min
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Foreign investors rushing to the Bucharest realty market

The office segment of the real estate market is hot. No sooner had the $30m Europe House deal had been sealed, that both the buyers (the Austrians from Europolis Invest) and the sellers (the...

Ionut Bonoiu · 12.11.2003 · 00:00 · 2 min
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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...

Iulian Anghel · 07.11.2003 · 00:00 · 2 min
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PCNET crosses the Ocean

Communications operator PCNET has opened its first sales office across the Atlantic in New York. Although it did not disclose the invested amount, the company might soon open such offices in...

Ziarul Financiar · 31.10.2003 · 00:00 · 1 min
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Mobifon and Orange, the most profitable businesses in Romania

The two telecoms companies Mobifon and Orange were Romania's most profitable businesses last year, according to a ranking released yesterday by the National Board of the Private Small and Me...

Georgiana Stavarache · 30.10.2003 · 00:00 · 2 min
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Impact's turnover up, profit stays the same

Impact Bucharest real estate developer posted $13.1 million (432.8bn ROL) turnover for the first nine months of this year, up 40% from the same time in 2002. The profit went down in real ter...

Laurentiu Ispir · 29.10.2003 · 00:00 · 3 min