Archive » July 2006 » 03 July 2006 The english news from 03 July 2006
Romania: Unemployment Below EU Rate
The European Union unemployment rate dropped from 8.8% in May 2005 to 8.2% in May 2006, according to a survey by Eurostat, the Statistical Office of the European Communities, HotNews Romania…
Romania: 13 Companies and Consortia Run for Groups 3 and 4 at Cernavoda
The Commission appointed by Ministry of Economy and Commerce (MEC) accepted the letters of intention submitted by 13 of the 15 companies and consortia which have shown interest in participating in the establishment of the company to build groups 3 and 4 of Cernavoda nuclear plant, Nine O'Clock reports…
Romania: Motorway Construction Programme Carried On
The motorway and national road construction and rehabilitation programme rated as the highest priority of incumbent Transport Minister Radu Berceanu entered a new stage after a new segment of the Sun Motorway was inaugurated, Nine O'Clock reports.…
Romania: Bank Takeovers will Continue
The Romanian banks with less than average rating will have to accept either a merger or being taken over, central bank governor Mugur Isarescu declared in Athens at the seminar “Greece, Bulgaria and Romanian Business & Investment Summit” organized by The Economist, ACT Media news agency reports.…
Romania: Inflation Target will Only be Attained in Q1, 2007
The inflation target won’t be attained any sooner than in Q1 2007, when it will reach 4%, central bank prime vice-governor Florin Georgescu told the “Banking on Romania” seminar organized in Bucharest by the British daily Financial Times and The Banker magazine, ACT Media news agency reports.…
Romania: Uniqa Group Might Increase its Participation in Astra Insurance
Austria’s insurance market leader Uniqa Group might increase its participation in local company Astra Insurance after it acquired in 2005 some 27% of its stake, Uniqa Board member Andreas Brandstetter told a press conference, ACT Media news agency reports.…
Romania: Strategy to Increase Budget Deficit
The strategy to increase Romania's budget deficit in 2006 and in the coming years is well-grounded, councilor of the Minister of Public Finance Dorin Mantescu declared during the works of a seminar on tax issues organized in the mountain resort of Sinaia by Rentrop & Straton group, ACT Media news agency reports.…
Romania: New Wave of Price Rise
The price for utilities and the excise duties for petrol, alcohol and tobacco increase on July 1, ACT Media news agency reports.…
Romania: Foreign Investments in Banks Exceed €1.7 bln
Investments of foreign investors in Romanian banks advanced 1 billion RON this April to a record over-5-billion-RON, some 1.7 billion euros, according to data with the National Bank of Romania (BNR).…
Romania: Romaero Bucharest and Hellenic Aerospace Industry Conclude $20 mln contract
Romaero Bucharest signed on Thursday a $20-millioncontract with Hellenic Aerospace Industry of Greece. "It is a contract on a 15 year period, in which we ordered the production of parts for civil aircraft," general manager of Hellenic Aerospace Industry, Nikos Vassilopoulos, told Ziarul Financiar, ACT Media news agency.…