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Jacques Chirac points at Romania, investors lend ears to rumors
Unwillingly, or maybe not, the President of France, Jacques Chirac has succeeded in making some foreign investors drop the Romanian eurobonds traded on the international markets. Chirac poin...
Is Heineken finally coming to Romania?
Dutch group Heineken, one of the world's leading beer companies, is looking into the possibility of beginning production in Romania, by acquiring a local plant or by building a factory from...
Spring Time to make $6m
Spring Time, the fast-food business, has come to own ten restaurants (eight of which located in Bucharest), which makes it a competitor for the McDonald's network in Romania. Spring Prod Com...
Aerostar new aircraft cleared for takeoff to US
Aerostar Bacau got an order for 15 ultralight Aerostar 01 planes from the United States of America. This is a new type of aircraft designed, built and patented in 2002. Three of the planes o...
Transelectrica to invest 93m euros
Transelectrica, the national electricity carrier, will invest about 3,452 billion ROL (93.2m euros) this year, twice last year's level, when investments amounted to 1,700 billion ROL (54.3 m...
Minister Tanasescu: switch to euro needs more analysis
Two weeks before the National Bank of Romania (NBR) replaces the dollar with the euro as the reference currency for the calculation of the ROL exchange rate, Finance minister Mihai Tanasescu...
Industry Ministry determined to create petrochemical colossus
After almost 12 years of odes to the private small and medium-sized enterprises and their beneficial role in the economy, the Romanian State proves once again that the nostalgia for industri...
CHI moves to RASDAQ
The shareholders of Intercontinental Hotel Company (CHI), owner of the Bucharest-based Lido and Intercontinental and of the Rex hotel in Mamaia, have approved the company's switch from the B...
Tanasescu explains high wages and taxes to Iliescu
Public Finance minister Mihai Tanasescu informed President Ion Iliescu during the meeting at the Cotroceni Palace last week that levying an 80% tax on high incomes was not in line with the l...