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Evaluations up to international standards
The National Association of Evaluators in Romania (ANEVAR) on Tuesday announced the launch of the International Evaluation Standards, the application of which will become mandatory for the 5...
GDP close to 1989 level
Romania's 2004 Gross Domestic Product (GDP) will be similar to the one in 1989. The make-up of the indicator, however, is much more different now than the one registered 14 years ago if look...
Gerovital set to rejuvenate RASDAQ market
Gerovital, one of Romania's most famous brands across the world, is expected to go public in a move initiated by one of its shareholders, according to officials of RASDAQ market. The listing...
APAPS in a rush to sell Oltchim
In a surprisingly fast move, the Privatisation Authority (APAPS) yesterday put petrochemical plant Oltchim Ramnicu-Valcea up for privatisation again. Oltchim, the last of the big Romanian co...
Companies likely to get tax cut for stock and real estate transactions
The companies that will post profit after selling shares, investment fund units or real estate will have to pay only 10% tax for the respective gains, as of next year. If the sale does not y...
Dracula moves to industrial park
After two years of wandering about the country, Dracula, the myth that was supposed to come to the rescue of the Romanian tourism industry, has found a place for its namesake park. The Dracu...
Banks need to get long-term funding
The banks will have to find new financing sources, and bond issues on the capital market could be one solution, as the lending growth will make it hard to secure long-term sources, the Natio...
BCR Asigurari to cash 13m euros
Insurer BCR Asigurari, held by the financial group Romanian Commercial Bank (BCR), estimates premiums worth over 500bn ROL (12.8m euros) for the entire year 2003, having cashed 423.9bn ROL b...
Romania to launch bonds on US market
Romania will launch at least one bond issue on the international markets in 2004 and is considering selling bonds on the US market, as well, which has a greater impact on the rating agencies...