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Romania may fight in the Iraq war
The Supreme Defence Council (CSAT) is due to convene today to analyse the "risks and vulnerabilities" for the national security in the light of the United States requesting Romania to provid...
NBR ends the dollar myth. Long live the euro!
March 3 will mark the end of the 12-year reign of the dollar at the National Bank of Romania (NBR). The foreign currency, which Romania has used to do its sums for years is now stepping down...
2003, the year of functional market economy
Privatisation of the state-run farming companies has to be completed by yearend, as does the sale of the stakes held by the State in the large and very large companies included in the PSAL a...
Banks' brokerage firms take the spotlight
Two brokerage firms are on the top two positions in terms of transactions concluded in January. Cluj-based SIVM Broker and BRD Securities, the brokerage company of Banca Romana pentru Dezvol...
Speculators call the shots on BSE
After an optimistic start of the year, the stock prices are beginning to slide. The Stock Exchange, however, allowed for a 6-7% average gain in January compared with the last trading session...
Romanian economy starts looking in the euro mirror
Romania, the last EU applicant country that has been watching the dollar for years, will start pegging its currency to the euro this spring. This will mark the beginning of a transition peri...
Marko wins, Tokes out of the picture
The alleged UDMR (Democratic Alliance of Hungarians in Romania) split no longer seems actual. Marko Bela simply dominated his opponents at the UDMR Convention held in Satu Mare at the end of...
More Lockheed Martin radars for the Army
Lockheed Martin will supply to the Romanian Air Force 21 gap-filler radar systems worth about $9.5 million throughout 2004-2008. The memorandum of understanding between the two parties was s...
Another eight Hercules planes for the Romanian Air Force?
Those that flew to Kabul in a C-130 Hercules are mainly talking about the long trip and the freezing cockpit. Still, they are also happy they made it to Kabul and back. The four Hercules pla...