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RWE, GDF SUEZ and Iberdrola back out of Cernavodă project
RWE (Germany), GDF SUEZ (French-Belgian group) and Iberdrola (Spain) have abandoned the 4 billion-euro project entailing the development of reactors 3 and 4 of the Cernavodă nuclear power pl...
Tănăsescu: 2011 is in fact the beginning of resumption of growth
With or without the IMF and the EU, Romania had to first rectify the mistakes of the years of economic boom, and the economy could not be stimulated during the time of recession as were thos...
CEO at the end of his term: Romania, the country worth investing in
"Mămăliga din Orientul Mijlociu" ("Middle East Polenta") that is the title chosen by Shachar Shaine, the former head of Tuborg Romania, for his speech delivered at the luxury Loft restaurant...
Stock Exchange has multiplied investors' money 31 times in 12 years
If an investor had placed an amount evenly distributed in 12 of the most liquid and longest enduring shares in the 1st tier of the Bucharest Stock Exchange between 1999 and 2002, the value o...
Burger King: Competition with shawarma places is on the rise
The Romanian crisis modified the consumer behaviour of Romanians, who migrated from traditional restaurants to fast food restaurants, and then to shawarma places.
Raiffeisen: Demand for corporate loans on the rise
Steven van Groningen, head of the Raiffeisen Bank, the seventh leading local bank, says he has been seeing an increase in demand from companies and expects it to be the growth driver for the...
Romstrade starts the year with contracts with local authorities
Construction company Romstrade, controlled by businessman Nelu Iordache, starts 2011 with contracts with the local authorities, after in previous years around 60% of the company's turnover u...
Two problems of wind power paradise: Legislation is a fiasco and the network too small
The main two hurdles facing investors that tapped into the wind power energy segment in Romania are legislation, which, after more than two yeas, still cannot be enforced, and the rather low...
Philip Morris exports 95m euros' worth of cigarettes, JTI 35% of its output
Cigarette exports accounted for 1% of the overall volume of Romanian exports last year, i.e. around 360 million euros, according to data supplied to ZF by the National Association of Exporte...