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Siemens invited to Electroputere's privatisation
Romanian Government would like to see Germany's Siemens Group participate in the privatisation of companies on the Romanian market such as Electroputere Craiova. The Siemens officials said t...
Tuborg investments to climb to $100m
Tuborg Romania, part of Danish brewer Carlsberg, has completed a $10m investment aimed at boosting the annual production capacity of its Bucharest-based plant from 750,000 hectolitres to 1 m...
Seaside prices to grow 15%
Seaside prices will increase at most 15% next summer, in line with the estimated inflation rate, travel agencies claim. On the other hand, the Government estimates an inflation rate below 10...
Romanians in a rush to break away from public heating system
The Romanians are afraid of the gigacalorie supplied by RADET (the national heating provider), as the company makes the consumers pay for the power leaks in the network, so that increasingly...
Summer brings profit to Bermas
Brewer Bermas Suceava logged 23.2bn ROL ($0.7 million) profit in the second quarter this year after having posted 4.7bn ROL loss in the first three months. Bermas' beer sales amounted to 135...
Budget to get more revenues from indirect taxation
The Government expects revenues to the state budget to amount to 246,000 billion ROL this year, up 5,300 billion ROL from the original estimates. According to the rectified budget, the incre...
Delisting - a business to thrive on
Although few people could have anticipated it a year ago, RASDAQ has turned out to be a major stream of income for brokerage companies in 2003. This was not due to new companies floating (as...
Baring to double stake in Romania
Baring Private Equity Partners, the investment arm of Dutch group ING, is planning to set up a new investment fund for Central and Eastern Europe, including Romania, which would be twice or...
US dollar's international comeback benefits Romania, lays inflation fears to rest
The ROL/USD exchange rate climbed 4.11% in only one month. The American currency has thus climbed back to the 34,000 ROL level, close to the all-time high (34,359 ROL) posted on April 7. Con...