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Bechtel to build highway in Romania
After Vinci (France), another constructions giant, American group Bechtel is now getting ready to build a section of a highway in Romania. The Ministry of Public Works, Transports and Housin...
Landini to feed $40m into Tractorul
Italy-based Landini, which is now negotiating the acquisition of the controlling interests in Tractorul Brasov with the Privatisation Authority (APAPS), presented the latter an investment pr...
Sunflower brings U.S. giant Cargill to Romania
U.S. group Cargill, one of the world's largest marketers, processors and distributors of agricultural products is planning to significantly increase its presence in Romania. The company is n...
Romanian businessman sells $10 million antivirus to Bill Gates
Microsoft, the world's largest software company, is buying technology developed in Romania. The company yesterday said it would purchase the intellectual property rights and the antivirus te...
MYO-O willing to buy Tractorul
MYO-O group, the main shareholder of agricultural equipment producer Semanatoarea, has voiced firm plans to re-enter the privatisation competition for Tractorul, after the Privatisation Auth...
Banks to act as Stock Exchange brokers
The Romanian banks could directly run brokerage operations as of this year, although the securities law enacted last year had initially set 2005 as the deadline, National Securities Commissi...
ECB cuts interest rates to 48-year low, hopes for economic recovery
The European Central Bank (ECB) has cut interest rates to the lowest since at least 1948 in any of the dozen nations using the euro, as the single European currency's appreciation saps econo...
NBR Governor admits to inflationary fears, triggered by euro surge
The Romanian central bank was taken by surprise by the euro's surge, as it had not expected the single European currency to embark on such an ascending trend. The inflation target could be j...
Zapp to break even until 2005
Zapp, the only CDMA mobile telephony operator on the Romanian market will break even as early as 2004-2005, as estimated by President Cuneyt Turktan. "There's no talk about profit any sooner...