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Hard times: tax evasion to be punished by up to 25 years in prison
The Americans like to say that no one can escape death and the IRS. These days, as they are under pressure from the international bodies to quench corruption and tax evasion, the Romanian au...
Will Petrom be able to stay in one piece after sale?
The investors in the race for Petrom are not interested in all the assets of the company as neither are they interested in keeping it in one piece after privatisation, sources involved in SN...
Delta Distribution to climb 25%
Delta Distribution, Romania's largest importer of ceramic tiles, estimates to post 30m euros in turnover this year, up 40% from 2003, as the market will grow 10%, Cristian Halmajan, marketin...
Oresa Ventures takes La Fantana to Serbia
Still not efficient or financially strong enough to attempt westbound expansion, many Romanian companies have shifted focus to the Balkans in the last 12 months. Whereas plans for expansion...
Transelectrica to choose between E&Y and PwC
Transelectrica got two offers from Ernst & Young and PricewaterhouseCoopers consultancies to have its business plan for 2004-2014 devised. "The contract will be signed by the end of next wee...
Petrotel Refinery, the key to Lukoil expansion in Central and Eastern Europe
Lukoil, one of the world's biggest oil corporations, is relying on the Petrotel Ploiesti refinery to cover the fuel distribution markets in Romania, Hungary and the Republic of Moldova, as p...
Alro-Alprom Group plans growth to $400 million
Metallurgical Alro-Alprom Group estimates to see sales up to $400 million in 2004, from the $350 million last year. The growth will be achieved once the production of both Alro and Alprom ha...
There's more to leasing than just cars
The Romanian leasing market is at a crossroads: auto leasing has peaked, and, in order to build up the business and, implicitly, profits, leasing companies need to tackle more market segment...
Largest Romanian industrial and business park to be sold under $50m transaction
Austrian financial group Immofinanz is in talks to buy one of Romania's largest industrial parks - IRIDE, under a transaction that could be worth more than $50 million, according to sources...