Archive » January 2007 » 19 January 2007 The english news from 19 January 2007

  • Ten New Contracts To Refurbish Bucharest-Constanta Railway

    "CFR" SA signed ten works contracts yesterday with Romanian and foreign companies in order to refurbish the Bucharest-Constanta railway, namely the Fundulea-Lehliu and Lehliu-Fetesti sections. The total value of these contracts amounts to 225 Mln EUR, of which 75% came from ISPA funds and the rest from the state budget.…

  • AEGON and Banca Transilvania to Form Partnership in Romania

    AEGON and Banca Transilvania have signed a memorandum of understanding to jointly develop and operate a mandatory pension company in Romania. The 50-50 joint venture company will be established during the summer of 2007 in anticipation of the mandatory pension system, which is expected to be operational in Romania by early 2008.…

  • Raiffeisen Zentralbank Ag Holds 6.703% In "Prodplast" Bucharest Share Capital

    Raiffeisen Zentralbank Ag currently holds 6.703 in "Prodplast" Bucharest, after having bought shares on the capital market, according to a company press release sent to BVB.…

  • European rail liberalisation by 2010

    The European railway sector will be liberalised and access will be opened to competition in the international passenger transport services by the 1st of January 2010, and for other type of railway transport by 2017 was the decision made yesterday by the European Parliament, who adopted the proposal of the Commission on Transport and Tourism within the legislative forum of the EU. The new member states of the EU will have the right to postpone by a period of maximum five years the entry into competition of the domestic passenger railway services.…

  • EBRD financing in Romania to reduce in two years

    Hildegard Gacek, EBRD director for Romania, claims the role of the institution is reaching the end, due to finalisation of economic transition process.…

  • Bodu has different views than Fin Min on first license tax

    Sebastian Bodu, the ex head of the National Agency for Fiscal Administration (ANAF), said that the Romanian public authorities from the Ministry of Public Finance knew the European Commissions opinion about the first license tax from September 2006, but accepted the criticism.…

  • The EU effect: New members Romania, Bulgaria enjoying major property boom

    BUCHAREST, Romania: Buzesti Street used to be one of the shabbiest parts of Bucharest with crumbling, Communist-era structures and one of the city's roughest markets.…

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