Archive » December 2006 » 27 December 2006 The english news from 27 December 2006

  • Romania: BNR proposes no down payment

    A draft regulation released for public debate, proposes the removal of the mandatory 25 per cent advance payment for retail loans, Nine o'Clock reports.…

  • Romania: Salary Growth of 18%, '07

    The salaries of the civil servants will be increased the next year in a differentiated way, by categories of persons, in April and October 2007 by an annual average of 7.5 per cent, announced PM Calin Popescu Tariceanu, Nine o'Clock reports.…

  • Romania: Positive Trend for Banking System Continues says Fitch

    Fitch Ratings says in a special report just issued that the overall trend for Romanian banks continues to be positive despite narrowed margins. This is thanks to an improving operating environment, strong economic growth and the major restructuring of the banks by their foreign shareholders. However, rapid loan growth and a high share of foreign currency lending, albeit declining, are the main sources of risk.…

  • Romania:EUR 26 mil Ring Road Opens for Traffic

    Traffic was resumed in the presence of Minister of Transport Radu Berceanu on the northern part of the Craiova city ring road as well as from Craiova to Filiasi on National Road 6 Craiova Drobeta Turnu Severin, Nine o'Clock reports.…

  • Romania: EUR 1 bil for infrastructure, '07

    Minister Delegate for Public Works and Land Development, Laszlo Borbely, stated that the Ministry of Transport was counting on a minimum of EUR 1 Bln for the infrastructure in 2007, Nine o'Clock reports.…

  • Romania: Gov't writes off co. debts due to EU entry

    Debts to the budget accumulated by the end of 2005 by 34 companies in the energy, transport and public utilities companies will be written off and those companies will be put under special supervision to prevent them from running up new arrears again, the Government decided, Nine o'Clock reports.…

  • Romania: MAI to sign RON 765 mil contracts

    The Ministry of Administration and Interior has been authorised by the Government to sign multi-annual leasing contracts, for a period of three years, for the purchase of means of transport, the total value of the contracts being estimated at RON 765 M, Nine o'Clock reports.…

  • Romania: Gov't's approval needed for investments over RON 20 mil

    Technical-economic documentation for new investment objectives will be approved by Government, if their value exceeds RON 20 M, the Government decided, nine o'Clock reports.…

  • Romania:Austrian Petrochemical buys Rafo receivables for RON 23.8 mil

    The representatives of Petrochemical Holding and of the Authority for State Asset Resolution (AVAS) signed last week the contract through which the Austrian firm took over the receivables of RON 23.8 M (USD 9.3 M) held by AVAS over Rafo Onesti, Nine o'Clock reports.…

  • Romania: Tractorul to lay off 80% of employees

    Tractorul Brasov will be able to lay off 1,800 employees under a restructuring programme approved by the Government, Nine o'Clock reports.…

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