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Artima sticks with the West
Artima supermarket chain held by businessman Florentin Banu, the mastermind behind the Joe wafer brand, will see its ninth store open next month. With 15 million-euro sales this year, Banu h...
Talks with ENEL nearing completion
A delegation of Italian Enel Group, which is currently in talks with the Economy and Trade Ministry over the acquisition of two Electrica branches is due to arrive in Romania this week to fi...
Start of agricultural negotiations with EU
The European Integration Ministry will begin the first talks on the "Agriculture" negotiation chapter in Brussels next week, the most difficult chapter out of the 30 on the agenda of the neg...
Transelectrica teams up with General Electric
National electricity carrier Transelectrica and US' General Electric Power Systems on Tuesday signed a memorandum of understanding over rehabilitating the 400 Kv Cernavoda station, a project...
AOAR unhappy with arrears containment
The increasing share of arrears in GDP from 35.76% in 2001 to 37% in 2002 proves the ineffectiveness of the steps the Government has taken in this regard, the Romanian Business People Associ...
Microsoft closes deal with Romanian authorities. Oracle comes next
World's top two software developers Microsoft and Oracle have included Romania on the priority agenda of their top-management teams lately. While Microsoft's CEO Steve Ballmer was closing a...
Azomures shareholders, called to come up with $29m
The shares of the chemical fertilisers producer Azomures Targu-Mures rose 28% during yesterday's trading session on the Bucharest Stock Exchange as a result of recently released news of an u...
Talks with IMF as of October 20
The negotiations for a new precautionary arrangement-type stand-by agreement with the International Monetary Fund (IMF) will begin on October 20, when a delegation of the financial instituti...
Foreign investors make peace with Finance Ministry
The Foreign Investors Council (FIC) has announced the Finance Ministry came up with a series of solutions to FIC representatives' suggestions about a conduct code for the fiscal authorities...