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Romania not expected to end EU talks in 2004
Romania will most likely continue talks with the European Commission next year, but if negotiations are concluded in the first half of 2005, the 2007 accession deadline will not be jeopardis...
Cesarom turnover up to 27m euros
Cesarom Bucharest, the second-leading ceramic tile maker on the Romanian market made approximately 4 million-euro net profit in 2003, while turnover reached 27.2 million euros (1,023bn ROL),...
Alcoa to build plant in Romania
American giant Alcoa, the world's largest aluminium producer, will start building an aluminium processing plant in Romania this year, the company said at the end of last week. The factory wi...
Danila: banking profitability to resume growth
Profitability in the Romanian banking system will resume an upward trend this year, because, as the European Union accession nears, there will be increasingly more companies, foreign capital...
EP votes to reorient accession strategy
The European Parliament yesterday adopted by 374 votes in favour, 10 against and 29 abstentions the resolution drawn up by Baroness Emma Nicholson, recommending that the Commission and Counc...
Arcom doubles turnover to 25m euros
Construction company Arcom SA Bucharest, one of the leading players on the domestic market, doubled turnover last year, due to a number of high-value construction-assembly contracts. Total r...
US ready to grant financing to Romania
The US Administration will earmark as much as $2.5bn in the next few years, for projects developed by US firms in Southeast Europe and especially Romania, Romanian Public Finance minister Mi...
La Festa relocates production to Romania
The Polish-held La Festa, which makes the Tedi-branded juices, will relocate part of its production facilities from Poland to Romania, following Poland's accession to the EU this year. "The...
Still long way to go before joining EU
The struggle between the forces promoting reform and those that would like to keep things as they are has not been resolved in Romania yet, Quinton Quayle, UK's Ambassador in Bucharest on Tu...