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Euro surge joined by US dollar plunge to four-time low
Neverending nightmare for those unlucky enough to have euro-denominated credits or leasing contractsIn only three days (since the beginning of March), the ROL exchange rate against the singl...
Dacia to focus on exports
Romanian carmaker Dacia is planning to export 10,000 units this year, double as compared to 2002. The company managed to send 1,240 autos abroad in the first two months of the year. SupeRNov...
UTI Group aims to float one company
The numerous companies having voiced floatation plans have been joined by a new name: UTI.UTI Group, operating in the field of physical security, IT and communication systems, construction i...
Ana Electronic goes to Rasdaq
One of the top companies part of the group owned by businessman George Copos, Ana Electronic, will be listed on RASDAQ as ANEL as of March 7. Ana Electronic will therefore become the second...
EIU, kinder to Romania
The Economist Intelligence Unit (EIU) division of The Economist Group has positively reviewed its forecasts about the Romanian economy growth in its latest report. However, it warns about ce...
Maserati in Romania: 3 cars sold, 5 more to go!
Less than two months since the official opening of its showroom in Bucharest, AutoItalia, Maserati importer in Romania, has already sold three Maserati cars. "The target for this year's Mase...
Connex plans to keep us talking for $500 million
The major telecom companies in Romania have drawn the line for 2002. Whereas the fixed telephony business came out at a loss, the mobile communications maintained profitable. After Orange, i...
Fercala points to Mafia groups
The Senators of the Budget-Finance and Judicial Committees will have to issue a resolution next Wednesday, to rule on the legality of the control at the five financial investment companies (...
Internet contributes only $40m to GDP
Although the communications market is estimated by specialists to be worth more than $2bn, the Internet is but a very small part of it, according to the Romanian ISP Association chairman, Gh...