Archive » February 2010 » 19 February 2010 The english news from 19 February 2010
Transelectrica to contract 65 mln euros loan for investments
The Romanian power grid company Transelectrica is to contract a loan in the value of 65 million euros to be added to the financing sources necessary for some investment projects, in the aim to upgrade the power stations installations, according to an information released to Bucharest Stock Exchange…
Report: EU biofuels target could starve millions of people
Millions of people could starve if member states deliver on the EU's target of sourcing 10% of its transport fuel from biofuels as a way of tackling climate change, argues a new report from ActionAid, an NGO."The huge expansion in industrial biofuels use must be stopped," said ActionAid's biofuels expert Tim Rice…
Gabriel Resources increased the capital for Rosia Montana Gold Corporation by 597.6 million lei
The Canadian mining company Gabriel Resources finalised the increase by 597.6 million lei at 612.6 million lei of the social capital of Rosia Montana Gold Corporation (RMGC), the procedure of registering of the operation being underway at the Commerce Registrar in the Alba county…
Romania, Russia to continue negotiations over gas joint stock
Negotiations between Romania's national natural gas corporation Romgaz and officials of the Russian natural gas corporation Gazprom will continue in the period immediately ahead, Gazprom Deputy Chairman Aleksandr Medvedev said on Wednesday in Bucharest at the end of a meeting with Romanian Minister of Economy and Commerce Adriean Videanu…
France interested in building Romania's future nuclear power plant
French Secretary of State for European Affairs Pierre Lellouche on Friday reaffirmed his country's readiness to participate in the construction of Romania's second nuclear power plant. 'Romania, as well as Poland, Slovakia, Italy, the United Kingdom and, of course, France, has nuclear programs and specific projects underway, such as the construction of its second nuclear power plant…
Peles Castle is not for sale, says lawyer Vasiliu
The Peles Castle is not for sale, Adrian Vasiliu, the lawyer of the Royal House, told Radio France International on Wednesday. His declaration comes after the announcement referring to the negotiations between the Ministry of Culture and the Royal Family for the extension of the contract on the Romanian State's renting the Castle, a contract that expires next month…
Loans must be restarted on healthy grounds, otherwise we risk a new crisis
Crediting must be resumed on healthy grounds at the same time with relaunching the economic growth, especially under the conditions where the degree of indebtness of the population is very high. " Loans do not have to start on unhealthy grounds. We have to make small steps, but constant to resume creditation of the economy, otherwise we could get to another crisis, which will be only ours"…
Economists decided : We have to go back to consumption to restart the economy
Restarting the Romanian economy depends on the resumption of consumption, under the conditions where the share in forming the GDP is approximately of 70%. Exports help, but they can't relaunch an economy which is based on imports. « It is not real to say that exports will get us out of the crisis. We are not out of the crisis, but we have passed the maximum point…
Deloitte expects a VAT increase at 22%
Pieter Wessel, coordinating partner within the auditing company and consultancy Deloitte Romania, expects an increase of the VAT at 22% for the next period, while the representatives of the ministry of public finances say they do not know anything about a possible increase of the tax…