Archive » December 2006 » 08 December 2006 The english news from 08 December 2006

  • Romania: Net Foreign Acquisitions on BVB Nears 46 mln in Nov'06

    Net foreign acquisitions on the Bucharest Stock Exchange (BVB) reached 45.89 billion euros in November 2006, the highest level after a previous peak in January, which confirms the interest of foreign investors in the SIF financial investment companies, ACT Media news agency reports.…

  • Romania: BRD-Groupe Societe Generale has 2 mln Clients

    Starting on Thursday, the Romanian Development Bank (BRD)-Groupe Societe Generale has two million clients, informs a release of the above-mentioned bank, ACT Media news agency reports.…

  • Romanian-Bulgarian-Belgian Approaches to Europe's Future

    The European Union (EU) needs Romania and Bulgaria and both countries have, in their turn, much to offer to the Union as future member states was the conclusion of a roundtable conducted Wednesday, December 6, in Brussels under the title "Belgian-Romanian-Bulgarian approaches to Europe's future", at the initiative of Romania's Embassy in Belgium, ACT Media news agency reports.…

  • Romania: BNR Announces Reference Interest Rate of 8.75% for Dec

    The interest rate for December remains 8.75% per year for the fifth month on a row, according to information presented by the National Bank of Romania, ACT Media news agency reports.…

  • Romania Is a Profitable Destination for Outsourcing

    Romania is considered by foreign companies a profitable destination for outsourcing as it has trained, cheap labor force adapted to western culture, a study of real estate company CB Richard Ellis shows, ACT Media news agency reports.…

  • Romanian Have Average Wealth of $14,827, UN Study

    According to a study drawn up by Wider Institute (Institute for Development Economic Research) belonging to UN, Romanian have an average wealth of $ 14,827 financial capital, buildings or other properties, 13 times lower than the citizens of Hong Kong, ACT Media news agency reports.…

  • Romania: Laws in Force as of 1 January

    1 January 2007 is the date when many laws issued in past years by the Romanian Parliament and government will come into force. So, foreign citizens and firms will be able to get or lease lands in Romania based on law 312 adopted in 2005, ACT Media news agency reports.…

  • Romania: Black Sea Forum's Political Directors Holds in Bucharest

    The political directors of the Black Sea Forum for Dialogue and Partnership's countries meet on Thursday and Friday in the Romanian capital to discuss the Black Sea region's prospects, the Romanian foreign ministry said in a release on Thursday, ACT Media news agency reports.…

  • Romania:Govt Transfers State Participation and Privatization in Industry to AVAS

    The Government decided on Wednesday, December 6, to transfer the State Participation and Privatization in Industry Office (OPSPI) to the State Assets Realization Authority (AVAS), in order to establish a professional structure managing as a whole, transparently and efficiently, the privatization process, ACT Media news agency reports.…

  • Romania: Nuclearelectrica to Focus on Regional Market

    Romanian nuclear electricity producer Nuclearelectrica SA has decided to target the regional energy market after Units 3 and 4 of Cernavoda Nuclear Power Plant (eastern Romania) are built, ACT Media news agency reports.…

  • Romania: PNL Voters Support Stolojan as Party Leader

    Almost half of the Liberal sympathizers, some 48%, estimate that Theodor Stolojan should lead PNL in the coming years, reveals an opinion poll released by CURS-SA, Nine o' Clock reports.…

  • Romania: Democrats Talk about Possible Energy Crisis

    The Democrat Executive President, Adriean Videanu, said that the normative act, which stipulates several energy companies being subordinated to AVAS now, might lead to an energy crisis on the brink of winter, Nine o' Clock reports.…

  • Romania: Alliance Seeks Economy Minister

    Dissatisfied that the ordinance passed without their approval, Democrats announced they renounce the economy portfolio, for which they had nominated Mircea Tudor, yet the Premier replied he would not accept Liberals taking over the post either, Nine o' clock reports.…

  • Romania: Telemobil Enters Digital TV Mkt in '07

    Telemobil, the operator of the mobile telephony operator Zapp, will crack the digital television market in September 2007 and will supply telecommunications under the 3G license in Bucharest by the end of next year.…

  • Romania: Electrica Banat Trial Starts

    The Timis Tribunal began hearing the defendants in the Electrica Banat case, which was pending in court for more than a year. The former General Director of Electrica SA, Silviu Lucian Boghiu, pleaded not guilty, Nine o' Clock reports.…

  • Romania Targets Bilateral Trade w/India

    India and Romania are targeting to reach bilateral trade worth USD 1 bln by 2008, Vasile Sofineti, the Romanian Ambassador to India told early this week on the occasion of an economic bilateral forum, Nine o' clock reports.…

  • Romania: Cartel Alfa Criticizes Private Pension Law

    The CNS 'Cartel Alfa' National Trade Union Organisation and the Partnership for Equality Centre do not see the current form of the private pension fund law to have a beneficial long-term impact, according to a release remitted to Nine OClock reports.…

  • Romania: Posta Romana Union Threatens w/Protests

    The unionists from Posta Romana request the Government to remove urgently Compania Nationala Posta Romana from the list of companies monitored subject to the agreement with the International Monetary Fund, otherwise they will block the activity of the company, according to Matei Bratianu, president of the Federation of the Post and Communications Unions, Nine o' clock reports.…

  • Romania: Mechel Fulfills Obligations Assumed thru Privatization

    The State Assets Recovery Agency (AVAS) confirmed the fulfillment by the BSE-listed metallurgical company of the investment obligations worth $21.7m assumed through the privatization contract with Mechel International Holdings (MIH) and accepted the removal of the pledge on the acquired shares.…

  • Romania:9 mo Domestic Drug Market Increased by 15%

    During the first nine months of this year, domestic drug market grew by over 15% while sales of antibiotics saw a more moderate growth, by 8.6%.…

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