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Trade balance deficit adds to current account imbalance
The current account deficit of Romania's balance of payments went up 281 million euros in June, reaching 1.246 billion euros in the first half, up 27.3% since the year-ago period, according...
MJ Maillis to hit sales growth target
MJ Maillis Romania, a packaging and packaging equipment producer, in the first half of the year registered turnover worth 4.5 million euros (166 billion ROL), up over 60%, in nominal terms,...
The Sandwich Factory to expand
The Sandwich Factory, the distribution chain behind the Snack Attack sandwiches, will invest almost $1m in opening 13 units in Bucharest by the end of next year. The long-term strategy also...
Chaotic public healthcare system drives patients to private clinics
The chaos reigning in the public healthcare system is sending patients knocking on the doors of private clinics. Increasingly more people are choosing invoiced medical services, as the offic...
Government subsidies bring soaring profits to fertiliser producers
The government programme aimed to subsidise the acquisition of fertilisers by the small farmers is beginning to show results. Crops have not reached record-highs, though. The effects are see...
Finance Ministry allows T-bill yields to start slow climb
The Finance Ministry has allowed a slight increase in T-bill interests, after having rejected the banks' bids twice. The yields have climbed less than half a point, so far. However, the mark...
Seaside hotel managers would not listen to travel agencies
"The poor management in certain hotels, particularly in Neptun, has led to low take-ups. Some hotel operators simply wanted to get rich quick, to make as much money in one month as others wo...
Gelin: Bank reports closer to the real thing
The new provision regulations introduced by the National Bank early in the year and the accounting reports in line with the international accounting standards show a different side of the Ro...
Mihai Lungu makes comeback to meat industry
Mihai Lungu, the former Agriculture Ministry state secretary, has returned to charcuterie producer Gourmet - the company he created in the early '90s, after supervising the sugar industry an...