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UTI teams up with tiriac Holdings
UTI Systems, a company in the UTI Group specialising in IT, communications and security systems, has concluded a partnership with security and protection company SecureIT Force SRL, part of...
Copos out of phase with authorities' plans
After having made money from electronics, pastry and electrical engines, businessman George Copos is now betting tens of millions of dollars on tourism, albeit out of phase with the authorit...
OTE comes to terms with noteholders
Greek telecommunications company OTE, the majority shareholder of RomTelecom, has announced its noteholders agreed to have certain contractual stipulations modified so that the loan would no...
Finance Ministry reconciles with cigarette producers
The cigarette producers will no longer have to pay the contribution to the healthcare fund as of July 1, while the price of the stamps will be 35% lower for three months and then this obliga...
Over 50% people not dealing with banks
Only 36% of Romania's population have a stable relation with a bank, which makes the Romanian market lag behind even Russia or Ukraine, where the share of population "drawn" to the banking s...
Doing business with other people's money
Money is something we are all interested in and other people's money is at least just as interesting, Radu Catalin Mardare, Bacau County Prefect told the "Bacau - business funded by other pe...
Drug market coming down with a flu
The Romanian drug market is starting to feel the effects of the arrearage in the health care system more and more powerfully. After many years of sustained growth in a row, the drug consumpt...
Alstom trying to catch up with ABB
Alstom, the French engineering, transports and energy group is starting to catch up with one of its main rivals, Swiss-Swedish ABB, which had a head start on the market for projects aimed at...
Austrians come up with cash for Unita
Insurer Unita, held by Austrian group Wiener Staedtische has increased its share capital by the equivalent of six million euros to 394.08bn ROL (10.6 million euros).#leadend# "Unita therefor...