Archive » July 2006 » 04 July 2006 The english news from 04 July 2006
Romania: Trade Deficit Rises to €3,5 bn in Jan-May '06
The trade deficit hiked to a record high of €3,5 bn in Jan-May ’06 in Romania, increased by 50% as compared to the same time period last year according to data released by the National Statistics Bureau.…
Romania: EvoBus GmbH Opens Romanian Subsidiary
EvoBus GmbH, 100 percent held by Daimler Chrysler, have opened their Romanian subsidiary, EvoBus SRL, to sell and handle warranty cases for Mercedes Benz and Setra buses and will invest some 2-3 million EUR in this operation over the next three years, Bursa reports.…
Romania: Commercial Exchanges with Cyprus Triples in First Four Months of 2006
Over January - April 2006, Romanian-Cypriot commercial exchanges reached 31.75 million euros, a 308 percent increase as against the similar period of the year before, ACT Media news agency reports.…
Romania: C.R.Firenze Expands
C.R. Firenze Romania opened in Timisoara, the 21st branch in its territorial network, in the near future launching other services and products to achieve the objectives of the banks shareholders on the domestic market, a press release of C.R. Firenze Romania informs, ACT Media news agency reports.…
Romania: RON Strengthening on Euro Sales
Euro sales at the weekend brought about a slight appreciation of the local currency, the leu, which made up for most of what it lost to the euro in mid-June, ACT Media news angecy reports.…
Romania: BNR to Raise Credit in Lei in Order to Combat Inflation
The National Bank of Romania (BNR) is to raise the credit in lei in order to combat inflation. Because credits in lei are linked to interest rates on the inter-banking market and the central bank increased the reference rate and the one of the monetary policy, ACT Media news agency reports.…
Romania: Foreigners Made Comeback on the Stock Exchange in May
Non-residents made a comeback on the Bucharest Stock Exchange (BVB) in May this year, investing over 62 million euros. The large withdrawals of foreign funds from BVB in spring this year triggered a substantial decline of all issuers, but also the significant decrease of the amount of transactions, ACT Media news agency reports.…
Romania: Department of European Affairs at the Chamber of Deputies
The Chamber of Deputies will have a Department of European Affairs, general secretary of the Romanian Chamber of Deputies Georgeta Ionescu said at the Parliament Palace, ACT Media news agency reports..…
Romania: K Tech-Ultra Pro is Authorized Distributor of Pinnacle Systems
K Tech – Ultra Pro is, as of June, the authorized distributor of Pinnacle Systems, a world leader in supplying complete video editing solutions, ACT Media news agency reports.…
Romania: Sugar production is bigger
Over 36 percent of the domestic demand of sugar in Romania, approx. 450,000 tonnes, might be supplied from the internal production this year, ACT Media news agency reports.…
Romania: Fiscal Code to be Debated in Deputies' Chamber
The draft law regarding the fiscal code will come under plenary debate on July 5, in the Deputies’ Chamber, ACT Media news agency reports.…
Bulgaria: Sofia Commits to Examine Money Laundering Case
Any signal of possible money laundering will be investigated within 30 days and immediately communicated to the prosecution, Sofia News Agency reports.…
Romania: Trn Ministry's Budget Amounts to 17,053 mil RON
Following the Budget rectification, the budget of the Ministry of Transport, Constructions and Tourism will be increased by 17,053 billion ROL, of which 601.9 million RON are to be raised in foreign loans and used for the recovery of roads and the construction of motorways, PM Calin Popescu-Tariceanu announced, ACT Media news agency reports.…
Romania: Commercial Exchanges w/Cyprus Reaches €31.75 mil in Jan-April '06
Over January - April 2006, Romanian-Cypriot commercial exchanges reached 31.75 million euros, a 308 percent increase as against the similar period of the year before, ACT Media news agency reports.…
Romania Launches Negotiations for Entry to EEA
Romania starts negotiations for joining the European Economic Area (EEA) conforming with the commitments assumed during the negotiations for European accession, according to a press release published by the European Integration Ministry.…
Romania: ABS Launches ERP Solution
Consultancy firm Architected Business Solutions (ABS) has launched an ERP solution for small- and medium-sized enterprises, Bursa reports.…
Romania: Amonil Puts 1.15 Mln USD In Amochim Share Capital Increase
Shareholders in fertilizers producer Amonil - Slobozia on Tuesday authorized the company's participation in the increase in the share capital of Amochim by 1.15 million USD equivalent in real estate assents owned by Amonil, Bursa reports.…
Romania: Bucharest Fine Mechanics Co. Sets Up Farming Co.
Bucharest Fine Mechanics Co. (Mecanica Fina Bucuresti), a manufacturer of measurement instruments, has set up Itagra, a farming company with a share capital of 3.7 million RON, of which 97 percent consists of a plot of land and buildings of BFM.…
Romania: International Reserves of the National Bank
At end-June 2006, foreign exchange reserves of the National Bank of Romania came in at EUR 18,177 million, BNR press release.…
Romania: RCS&RDS Issued Stock in Order to Increase Capital
Tri-play services provider RCS&RDS will issue stock in order to increase share capital from 273,066 RON to 12 million EUR in RON-equivalent, Bursa reports.…