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CNVM to monitor stock market transactions online
The transactions on the capital market will be monitored by the National Securities Commission (CNVM) via a computer programme most likely as of this September. "We've already run some tests...
Refrigerating equipment market set to grow
The refrigerating equipment market will see a surge this year, due to the development of the supermarket chains, to the hotel investments, as well as to the construction of new business cent...
Fed cuts rates to 1%, markets disappointed
The Federal Reserve cut interest rates by a quarter-point on Wednesday and pointed to further determination to counter the danger that the United States would slide towards deflation. Althou...
Dacia's Esteve not staying to see X90 in production
Five years in Romania later, Christian Esteve, the man that negotiated the coming of French carmaker Renault at Dacia and has run the company ever since, has decided to leave. Esteve has als...
One billion litres to quench thirst
One billion litres! This is the amount the mineral water bottlers estimate the market will drink up this year, should the excessive heat wave linger around. "If the high temperatures registe...
European Drinks soon to enter beer market
European Drinks Group will enter the Romanian beer market in about two months, with the construction works on the brewery (approximately 1 million hl in capacity) almost over, Ioan Micula, E...
Tarom, to buy 4 Airbus
A delegation of the Airbus group was expected in Bucharest yesterday to negotiate with Tarom officials on the sale of four A 318 aircraft, according to Traian Panait, a state secretary with...
Foreign insurers to get the go-ahead for Romanian market
Few people may have thought about it so far, but whoever has actually dealt with this issue must have dubbed it an absurdity: Romanians or Romanian companies are (still) only allowed to buy...
McDonald's to open two more restaurants
McDonald's Romania forecasts turnover to reach almost $20m in H1, 2003, up almost 15% since the year-ago period. "Considering we posted this increase with the same number of restaurants as l...