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Capital market prices play by the rules
The enforcement of the new regulations drafted by the National Securities Commission (CNVM) on tender offers will mean that anyone wishing to buy stakes during a tender offer will no longer...
Two months of scalding hot weather take away the blues of beer companies
The Romanian beer market, where several hundred million dollars have been invested since 1997, has climbed 10% in the first six months and it seems to be heading for a record-high this year....
Investors, not tourists still going to the seaside this year
For many years, July, along with August, has been the month in highest demand from tourists wanting to go to the seaside. But only until this year. There never were so many seaside hotels cl...
Pilkington pulls the plug on $100m Romanian investment
Not every investment project is bound to come true, as proven by the British glass company Pilkington, which halted the construction of a window plant in Romania. The investment had been est...
Numiti un manager care stie versurile de la "God Save The Queen"
In ultima vreme a fost tare ocupat. Imediat dupa ce presedintele Bush a anuntat incetarea ostilitatilor in Irak, a zburat spre Basra cu un avion plin cu 60 de tone de medicamente si echipame...
Bucharest ranks 20th in the world in terms of investment projects
Bucharest climbed up from the 37th to the 20th position in the region ranking based on the number of investment projects attracted in 2002, registering one of the fastest growth rates along...
Foreign insurers to get the go-ahead for Romanian market
Few people may have thought about it so far, but whoever has actually dealt with this issue must have dubbed it an absurdity: Romanians or Romanian companies are (still) only allowed to buy...
Higher budget deficit for the sake of highways
Romania will try to get the International Monetary Fund (IMF) to agree with an increase in the general consolidated budget deficit scheduled for next year to 3.7% of GDP, one percentage poin...
Lukoil in the black
Russian company Lukoil is the first international operator on the fuel distribution market to announce profit for its Romanian-based business.After all the multinationals (Shell, MOL and Agi...