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S&P: privatisation capital to rating upgrade
Successful privatisation is the main requirement Romania has to meet in order to get "investment grade" for country rating, says Kevin Daly, Standard & Poor's sovereign rating director. The...
Accenture picks Romania to open CEE branch
One of the world's leading players on the market of management consultancy and technology services is set to enter the Romanian market, as well. Accenture, a company that posted net revenues...
Metro to invest 15m euros in Suceava
Metro Cash & Carry started building its 16th cash & carry store that will open this year in Romania. "The store will open in Suceava in October and will trigger investments worth 15 million...
Finance Ministry to take on arrears and lack of financial discipline
After launching the campaign against corruption, the Government is now preparing to take on the arrears that are plaguing the economy."The time has come to make some crucial decisions in ord...
IMF and EU experts dispatched to cross-examine Romania
Romania has come under scrutiny these days. Both the International Monetary Fund and the European Union have sent experts to Bucharest to compare the data reported by the authorities against...
Group to lobby for Labour Code modification
Seven employer confederations will soon create a group to lobby for the modification of the Labour Code in Parliament, given that the enforcement of this normative act yields a series of neg...
Selgros to open another 7 stores
Selgros, the cash & carry division of the German trade group Rewe will come to own 11 stores in Romania in the next three years. The company, which currently holds four cash & carry-type sto...
Gerom Buzau loses battle to Turks
Buzau-based glass maker Gerom will post lower turnover this year than in 2002 because of the loss or the risk of losing certain contracts with major clients, such as Automobile Dacia or Arct...
Heineken to reach Romania via Austria's Brau Union
Dutch beer group Heineken is set to become the leader of the Romanian beer market, following the international acquisition of Austrian company Brau Union, owner of a 33.6% market share in Ro...