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Romania willing to give up some of EU funding
Romania is willing to give up some of the money it is supposed to get from the European Union after accession, if this leads to an agreement on the long-term European budget, President Traia...
Cricova looks to buy vineyards
The biggest wine producer in the Republic of Moldova, Cricova, still owned by the Moldovan state as national patrimony, plans to acquire a vineyard in Romania and to build a wine cellar, aft...
Shift to new ROL comes with two-day banking service shutdown
Set some cash aside! As of the morning of Thursday, June 30 until mid-day on Friday, July 1, the banksa?? customers will not be able to use their cards for withdrawing cash from ATMs or for...
Welcome to the Mild East
Do you remember the first half of the Nineties? No, I am not talking about grunge or the Internet bubble, or even the Spice Girls. Rather, I want you to cast your mind back to the early infl...
Grawe and Sara Merkur to merge by October
The Grawe-Sara Merkur merger could take place some time between mid September and early October. "The merger will happen in early October at the latest, that''s for sure," says Adina Mandoiu...
Shell to dump LPG unit by yearend
Anglo-Dutch group Shell is considering selling its liquefied petroleum gas (LPG) unit by the end of this year, including the controlling stake in Shell Gas Romania. This operation would mark...
Hercesa to build housing district on site of Titan bakery
The Spanish company, Hercesa Imobiliare, is planning to build a residential complex on the site of the former Titan bakery, after signing a pre-contract with Loulis Romania for the acquisiti...
Baneasa project set to become Romania''s largest real estate development
Baneasa Investments, which is held by the University for Agricultural Sciences and Veterinarian Medicine of Bucharest together with a group of companies controlled by businessman Gabriel Pop...
Printer prices set to rise
Representatives of Romanian artists (writers, filmmakers, musicians, painters etc.) could be responsible for a sudden surge in prices for multiplication hardware - photocopiers, scanners, pr...