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Inflation down to 0.3% in May
The rate of inflation fell to 0.3% in May from a level of 1.8% in April, however it maintained an annualised rate of 10%, according to the data from the National Statistics Institute. The pe...
Romanian market to feel effects of UniCredito takeover of HVB this autumn
The wave of changes on the European banking market caused by the acquisition of German group HVB by Italian bank UniCredito is reaching Bucharest. The unification of branches in Romania, to...
Private pension funds to be introduced at start of 2006
The first private pension funds are likely to emerge in the first quarter of next year, says Mihai Seitan, chairman of the National Pensions and Other Social Security Rights Office (CNPAS),...
Tarom halfway to SkyTeam membership
Announced on various occasions over the last year few years by the chief executives at the helm of Tarom, the entry of the national airline operator in the SkyTeam alliance has been official...
Three banks vying to fund Luca
Three major investment banks have been selected for talks in view of lending more than 235 million euros to Petrom''s employees for buying shares in the company. "UBS, Credit Suisse First Bo...
Dura sees surge to 33 million euros
Dura Automotive Systems, the US car parts manufacturer, estimates its Romanian-based business will grow to 33 million euros in the next five years. The company has finalised a 5 million-euro...
International coffee prices to offset excise cut
"Over the last six months, the price of the green coffee has doubled on the international exchanges, and forecasts are hardly optimistic. I believe all producers in Romania will have to rais...
Sicomed to relaunch Gerovital products
Pharmaceuticals company Sicomed this week will launch the first products of the Gerovital range on the Romanian market, in a first stage viewed as a test for the future development of the br...
Shelton announces plans to follow Vodafone
The Hungarian supplier of technology to telecommunications networks, Shelton Kft., has announced it is interested in investing in Romania. They did not specify the value of the planned inves...