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PSD to state position on early elections
The ruling party this week will state its official position on organising early elections. A PSD (Social Democrat Party) delegation headed by PM Adrian Nastase will meet with President Ion I...
Foreign investment to reach $2bn
Foreign investment in Romania may reach two billion dollars in 2003, Marian Saniuta, chairman of the Romanian Agency for Foreign Investment (ARIS) told the international investment forum for...
International drugmakers to Romanians: Give flu vaccines a shot!
"One lemon squeezed every morning and voila, no bug can get to you." This is what the advice that merged the flu vaccine market with the citrus fruit sales sounded like several years ago.As...
Zapp investments up to customers
CDMA (Code Division Multiple Access) mobile telephony operator Zapp wants to end 2002 with 70,000 customers. The goal is not hard to attain, "as we are in line with the previous estimates,"...
Big bankers under pressure to cut benchmark rates
Three of the world's largest central banks - The Federal Reserve (Fed), the Bank of England and the European Central Bank are prepared to cut interest rates for the first time this year, in...
NBR looking to quench appetite for lending in dollars and euros
After letting other bank officials do the talking for one week, the National Bank governor Mugur Isarescu yesterday decided to stand up and send a warning: the banks have granted and the com...
OTE's dilemma: to shake up or not to shake up RomTelecom
Ten thousand job cuts by yearend. Significant increases in tariffs for local calls. Freezing all investments.This is the shock plan that OTE International came up with to solve the problems...
It is time for the ROL/USD exchange rate to go up again
The ROL/USD exchange rate seems to have reached a standstill, as the dollar's value in ROL has not budged lately. During their last visit in Romania, the representatives of the International...
Bidding war over drugmaker Terapia about to break loose
Investment bank Rotschild has completed the assessment study for Terapia Cluj-Napoca, one of Romania's largest drugmakers that was put up for sale this spring by the shareholders, according...