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UTI to expand electronic tender system
UTI has won the auction for expanding the e-licitatie.ro electronic system, as it submitted the lowest bid - some 133bn ROL (3.4m euros) plus the financing cost worth 51.3bn ROL (about 1.3m...
Full access to local loop?
RomTelecom will have to provide unrestricted access to the local loop for all network operators or service providers that will so request, a decision draft released for public consultation b...
Full access to local loop?
RomTelecom will have to provide unrestricted access to the local loop for all network operators or service providers that will so request, a decision draft released for public consultation b...
Central Bank raises intervention rate to 20.25%, takes market by surprise
The National Bank of Romania (NBR) has managed to take the financial-banking market by surprise at the end of last week, when it decided to increase the intervention rate by one percentage p...
Central Bank raises intervention rate to 20.25%, takes market by surprise
The National Bank of Romania (NBR) has managed to take the financial-banking market by surprise at the end of last week, when it decided to increase the intervention rate by one percentage p...
BRD's 2003 net profit "almost identical" to 2002's
BRD-Groupe Societe Generale, the second top bank in the Romanian banking system estimates net profit this year to be comparable to the one in 2002. The bank believes the main reason for this...
Germanos to open 5 more stores
Germanos, one of the main domestic suppliers of telecommunication equipment, will expand by five more stores by yearend, so that the points of sale will amount to 70. "The funds for opening...
Short-lived illusion: flat tax bows to political and trade union pressures
Finance minister Mihai Tanasescu, deemed as a strong supporter of the flat tax project, will attend the Government meeting today, where he will present another variant of the Fiscal Code, un...
Euro to replace ROL in 2009
Romania could drop the ROL and turn the euro into its national currency as of 2009, following an about two-year transition period from the moment it joins the EU, PM Adrian Nastase on Monday...