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Romanians working abroad unable to keep up with imports
The current account deficit of Romania's balance of payments maintained its explosive growth trend in the first month of this year. It amounted to 108 million euros in January 2004, which is...
Altex raises bet with five-year loans
Another major player on the domestic home appliances retail market has joined the ranks of those partnering with banks in an attempt to revive the market, which was thrown off balance by the...
Agras shareholders postpone merger with Unita
The shareholders of Agras-Wiener Staedtische Group have rejected the project for a merger by absorption with Unita Timisoara, arguing a decision in favour of the merger would have impacted o...
Over $170m paid with plastic
The foreign tourists last year spent more than $171 million through Visa cards in Romania, some $68 million of which accounted for transactions in shops, hotels, restaurants and gas stations...
AOAR takes up historical debts with IMF
The representatives of the Association of Business People in Romania (AOAR) suggested during their talks with the IMF delegation that the international financial institution should consider...
Yachting finds favour with the rich in Romania
More and more cash and time to spend are making a growing number of top business people in Romania invest in a yacht. In its early stages until now, the boat market has gained momentum in th...
Aviva unhappy with 15% growth
Aviva Romania saw 227bn ROL (6.1 million euros) in premiums subscribed last year, 37% more in ROL and 15% more in euros from the previous year. The growth is slightly lower than the company...
RASDAQ takes two steps towards merger with BSE
The operations involving the shares listed on RASDAQ will be conducted through the trading system of the Bucharest Stock Exchange in a matter of months. Besides the trading software itself,...
IMF wants evaluation of relation with Romania
International Monetary Fund (IMF)'s Managing Board will discuss the draft of a new agreement with Romania only after seeing on its desk a report on the efficiency of the economic programmes...