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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...
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...
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...
A Morgan to accommodate my golf set
"This trunk is huge! My golf set would fit in it just fine." These were the first words a Romanian businessman, Viorel Catarama, said when he first laid his eyes on the Morgan Aero model. Th...
Disgruntled Petrom employees threaten to take Ministry of Economy to court
The authorities' method to privatise Romania's largest company, SNP (National Oil Company) Petrom is fiercely contested by the powerful association of the company's employees, led by Liviu L...
Wintershall to start drilling
German oil company Wintershall and local gas producer Romgaz Medias are likely to start drilling for gas in the deposits discovered nearby Sighisoara in October, sources from the German comp...
A Morgan to accommodate my golf set
"This trunk is huge! My golf set would fit in it just fine." These were the first words a Romanian businessman, Viorel Catarama, said when he first laid his eyes on the Morgan Aero model. Th...
Disgruntled Petrom employees threaten to take Ministry of Economy to court
The authorities' method to privatise Romania's largest company, SNP (National Oil Company) Petrom is fiercely contested by the powerful association of the company's employees, led by Liviu L...