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SIF Banat-Crisana keeps up with inflation
Financial Investment Company (SIF) Banat-Crisana reported preliminary net profit worth 344 billion ROL ($10.3 million) for 2003, up 27bn ROL from the result recorded for the same period, but...
Inflation starts off with all-time low
The annual inflationary rate has gone down to an all-time low in the first month of 2004, reaching 13.9% compared with January 2003. The inflationary pressures maintained this January, even...
Franchise side by side with new retailers
The development of commercial centres on the Romanian market in the last few years has brought into the spotlight a phenomenon unknown to many Romanians, yet very common in the developed cou...
Distrigaz Sud signs 21m euro deals with Italians
Distrigaz Sud has recently closed two contracts worth 21 million euros with Italy-based CPL Concordia Group Italia and Pietro Fiorentini for upgrading its infrastructure and for buying equip...
Enel wants Romanian tariffs in line with regional markets
Italy's energy giant Enel, which intends to take over local energy distribution companies Electrica Banat and Electrica Dobrogea, wants the distribution tariff on the Romanian market to be c...
Tarom resumes negotiations with Airbus
National airline Tarom yesterday resumed negotiations with French aircraft maker Airbus, as the Romanian operator aims to add four A318 airplanes to its fleet. "Negotiations were suspended d...
Lending ends 2003 with 6% December jump
The year 2003 is very likely to be remembered in Romania's recent financial history as the year when corporate and consumer lending took off with a blast. The final statistics of the Nationa...
We have the people, we need the will to work with them
After 1990, Romania has intended to conduct reform but had no people to conduct it with. The running of the affairs of the country has fallen upon the representatives of the "old guard", whi...
Who ended up with Churchill Media?
The outdoor advertising company Efect Media, the fourth-largest player on this market, was announcing the takeover of Churchill Media, the number three, this summer. The shareholders and man...