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Romanian air space and infrastructure available to US
The Supreme Defence Council (CSAT) yesterday endorsed the United States' request to be granted the right to use Romania's air space and necessary infrastructure for a military operation in I...
Bricostore raises stake to 10 stores
Bricostore, the bricolage store opened by the French group Bresson near the Carrefour shopping complex in 2002, posted better results than expected. Under the circumstances, the French group...
Constructions to go up 8%-10%
The constructions market this year might reach four billion euros, 8%-10% higher than last year, Liviu Daschievici, director general of the Romanian Association of Construction Contractors (...
Romanians find sudden appetite for euros, rush to sell dollars
Was it a mere coincidence? No one can know for sure. But it is certain that, immediately after the National Bank of Romania Governor Mugur Isarescu last week announced the switch to the euro...
Iliescu asks dignitaries to justify wealth
President Ion Iliescu demanded during the talks with PSD (Social Democrat Party) in Snagov that the future law on dignitaries' wealth stipulate that the financial disclosure statement should...
Pambac grows to $20m
Pambac SA, one of Romania's leading baking and pastry companies, last year posted some $20 million in revenues, up 16% since 2001. The company is planing to invest about 10 million dollars t...
GM's $22 million to come in 2004
The $100 million contract between the US group General Motors and CFR Calatori SA for the modernisation of 57 engines will boost Electroputere Craiova's revenues by $22 million. The money, h...
To sell or not to sell Cosmorom?
Last year it was just a rumour, but now it is beginning to take shape: Greek group OTE is thinking about looking for a buyer for its Romanian-based mobile telephony operator Cosmorom. The wo...
Unita Turism merger close to an end
The merger of the companies included in the Unita Turism hotel chain will produce an entity with more than $120m in assets and will be finalised in July-August, Marius Pintilie, marketing ma...