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Ionel Blănculescu: The crisis will hit hard the real economy

After the crisis of the houses of savings in '89 in the U.S., a structure for the recovery of claims was created. The state has allocated 400 billion dollars at that time. After the bankruptcy of Credit Lyonese, the...

Patru camioane pentru şeful RAR

DIN PRIETENIE ● "Veneţianul" de la Transporturi face afaceri de mare tonaj Radian Tufă, autosuspendatul secretar general al Ministerului Transporturilor, este proprietarul a patru camioane în...

11 Residential Projects To Start Up This Year

Real-estate developers said in January that 11 new projects would take shape in 2008, promising to deliver 7,800 housing units over a two-year period. Real-estate developers said in January that 11 new projects...

Privatization or Liquidation

ECONOMY The Authority for State Assets Recovery (ASAR) will have to sell by year-end some 133 state-owned companies or else these will have to file for bankruptcy CATALIN BUDESCU Once the privatization process will...

Poverty and Imposture Block the Development of the Market

BUSINESS - July 14 2004 The business consulting market is not so coherent and big as the official increasing rhythm of the Romanian economy would suggest. A great gap is to appear between the segment of the big...

The Tenaris Group Takes Over Silcotub Zalau

BUSINESS - July 29 2004 The Tenaris group, one of the main pipe producers in the world, has taken over Tubman International following a 42 million U.S. dollars transaction. Tubman Internal is the main stock ow...

Privatization in the Electricity System

ECONOMICS - August 14 2004 The investors interested in taking over Electrocentrale Galati will be able to choose: buying all the stocks of the company or building, alongside the actual owner,...

Cross Lander Buy of the ARO All-Road Vehicle Company Reversed

ECONOMICS - January 6th 2004 The all-road vehicle maker ARO-Campulung could turn today again into state property. Last night, at midnight, was the dead-line for John Perez, the owner of Cross Lander buying the...

Romanian-made Software for Western Markets

BUSINESS - January 8th 2004 The most visible Romanian web-sites are meant for an English speaking audience. They both offer IT information and software programs world-wide. They are softpedia.com and soft32.com,...

Theft Also Responsible for the Rising Waters in Western Romania

Two weeks had passed since the rivers in Banat overflowed the fields around them. On the one hand heavy rain was to blame, and on the other hand the poor maintenance of the system of channels designed to drain the...

Same City, Two Different Stories in the Ship Building Industry

Oltenita, a city-port on the left bank of the Danube, had a long history of ship building, which started 60 years ago. While the former shipyard lies in ruins, a private company carries on the tradition and builds luxury...

The Race for Privatizing Romgaz Is On

Romgaz, the Romanian national gas company, is due for privatization and many important business groups are eyeing it. Romgaz comes right after Russian gas companies in terms of size, on continental Europe. Romgaz...

Shock in the Final for BCR

Philip H. Bloom, Bogdan Baltazar’s associate in a consulting company that is also involved in the BCR privatization, has been arrested in the USA. He is accused of multiple serious crimes, which includes...

OMV Gets Back the Money from Petrom

OMV has already recovered 34% of the sum paid to the Romanian state for the purchase of Petrom by a simple operation: the Romanian company bought the Austrians’ gas stations in Romania, Bulgaria, Serbia and...

6 Million Pounds Wanted from the Politicians

The Romanian judicial authorities have admitted that, one month ago, the British investigators asked them to cooperate for the investigation of the "frigate errand". The Georges, arrested in London, have cashed in only...
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