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Industrial halls to turn into commercial complexes or residential spaces
Bucharest is teeming with industrial halls, either out of use or still operational. Beside these spaces, the former state-owned enterprises also have huge plots of lands, for which no use ha...
Tacit approval to be enforced next month
Starting mid May those applying to get a licence or have it renewed will no longer have to return to the desk from time to time and ask the public servant: "how long before I get an answer?"...
Inbod to invest $1 million
Peruvian-held coffee producer Inbod Impex will invest about $1 million in expanding its existing productive lines. The company began producing coffee at the end of 2002, after having dealt o...
Exports soar to new record-high: $1.4bn
Romanian exports are still going strong. Although many companies have been complaining about problems on the European markets (furniture, footwear, clothing) and economic growth in the Europ...
Fourth tranche is here. Reform still to come
Romania has finally applied the reform measures needed to get a new tranche of the stand-by loan agreement concluded with the International Monetary Fund (IMF).Among the most significant mea...
Kraft market share down to half
Increasingly fiercer competition and the low purchasing power have started to yield the first victims among chocolate producers. Kraft Foods Romania (KFRo), which was boasting 62% of the mar...
Guest: Government has to take steps
"Corruption is not a hypothetical problem for Romania, it is as real as it gets (...) I cannot tell how many American companies left Romania because of corruption, but I know how many avoide...
The party is over: margins must be cut down to half!
Banks are no longer encouraging Romanians to save money. The interests on banking deposits are just one step away from sliding below the inflation, and have already become real negative for...
Finance Ministry turns to market's good will
Insurance companies, investment funds and well-off individuals are the only ones the Finance Ministry can count on for raising the $300 million in three-year bonds it needs through the new i...