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Auto imports soar to record-high, push leasing to over 500m euros
More than 500 million dollars. This is the value of last year's automobile imports in Romania. Is it a little, is it a lot? These figures are mind-blowing on a market where the (official) av...
Pasmatex to make 6.5m euros
Pasmatex Group, specialising in textile and clothing industry expects turnover to increase by 30% this year and reach 6.5 million euros. "We still haven't managed to put together the balance...
Want to make lots of money? Become a top manager in Romania!
Whoever wants to earn a lot of money no longer has to leave the country. A top management position should do it, as the Romanian managers make more money than their colleagues in the neighbo...
Moderation, the secret to political longevity
It has been ten years since Marko Bela was elected UDMR (Democratic Alliance of Hungarians in Romania) leader. He is actually the oldest politician around in terms of mandate duration, secon...
Integration and globalisation according to Romania: the state must go on
The average salary in Romania is just a quarter of the Hungarian or Czech wages and a tenth of what the EU member states are paying. Corruption is chasing investors away. Taxation and bureau...
RIC says yes to Renault for Dacia
Romanian Investment Company Cyprus (RIC) will subscribe the public takeover offer launched last week by Renault and aimed at a 7.28% stake in Dacia, in view of delisting the Romanian carmake...
Finance Ministry hesitating to tax last year's employee perks
The commotion stirred by the prospect of retroactively taxing 2002's employee perks based on enforcement guidelines yet to be officially published, has made the Finance Ministry think twice....
Renault spends $18.35 million to delist Automobile Dacia
1,200 ROL/share or a total of 18.35 million dollars. Less than the minority shareholders had hoped for, but more than the Stock Exchange shares are going for: 1,060 ROL. This is the verdict...
Prominent PD leaders jump ship to PSD
Alexandru Sassu and Bogdan Niculescu-Duvaz, former prominent PD (Democrat Party) leaders have handed in their resignations from the Democrat Party yesterday and joined the PSD (Social Democr...