Archive » July 2006 » 07 July 2006 The english news from 07 July 2006

  • Romania: Central Bank Forced to Intervene on Real Estate Mkt

    The upward trend of prices registered in the real estate market from Romania could be tempered, as the National Bank of Romania (BNR) finds itself in the position of intervening, given the fact the market reports unusual fluctuations, ACT Media news agency reports.…

  • Romania: Israeli Investments Reach Over $ 1 bn in '05

    Israeli investments in Romania amount to 1 billion dollars, with commercial exchanges of over $400 mil in 2005, said the commercial attaché of the Embassy of Israel in Bucharest Arnon Arbel, ACT Media news agency reports.…

  • Romania: Investment Ups 10.9 % in Q1 2006

    The investment in the Romanian economy upped 10.9 percent in the first quarter of 2006 compared with the same period of 2005, says the National Statistics Institute and ING Romania financial news.…

  • Romania: Economic Trend Forecasts for June - August '06

    According to estimations made by trading company managers, industrial activities, construction, retail trade and services are expected to rise over the interval June - August 2006 in comparison with the March-May period, informs the National Statistics Institute (INS).…

  • Romania: Financial Brokerage Level to Reach 24 % of GDP

    The financial brokerage level will reach 24 percent of the gross domestic product (GDP) this year, Vice-Governor of Romania's National Bank (BNR) Florin Georgescu said at a seminar on banking issues, according to ING Romania financial news.…

  • Romania: Banking System Continues to Grow

    Romania has good economic growth prospects supporting the banking sector's development, daily Bursa reports on June 28 citing from a recent bank risk analysis of Standard&Poor's.…

  • Romania: New Benchmark for East Capital Balkan Fund

    East Capital will launch East Capital Bering Balkan Fund, with a capitalization of $100 million and a four year duration, BusinesRomania.com and East Capital press release.…

  • Romania: 80 mln Anchor Group - Summa Partnership

    Anchor Group, who owns the commercial centers Bucharest Mall and Plaza Romania and Summa will collaborate to build residential complexes on the Romanian market, Business Romania reports.…

  • Romania: Societe Generale Sets Up New 100 mln Investment Fund

    The fund will continue to raise capital up to EUR 150 million by year-end, said William Watson, chief investment officer and partner with the SGAM Eastern Europe Fund. Societe Generale holds the larger stake in the fund, followed by the European Bank for Reconstruction and Development (EBRD), Business Romania reports.…

  • Romania: More Investments at Dacia

    The Romanian-based car producer Automobile Dacia will benefit from 178 million euros in investments during the 2006-2007 period after the company's main shareholder, Renault, invested 650 million euros in the past six years, said Dacia's commercial director, Jacques Abot, Bucharest Daily News reports.…

  • Romania to Become Net Recipient of EU Funds 3 yrs after Accession

    Romania will contribute next year to the budget of the European Union as a member state, by approx. one billion euros, but it will be, at least in the first three years after integration, net funds beneficiary, Raluca Zamfirescu, general director for budget relations with the EU at the National Agency for Fiscal Administration (ANAF) said, ACT Media news agency reports.…

  • Bulgaria: Romania's Foreign Min Warns Against Travelling to Bulgaria

    Romania's Foreign Ministry has coupled Bulgaria with Iran as potentially dangerous destinations that require travellers to be on high alert, Sofia News Agency reports.…

  • Romania: Avg Net Salary Down 0.7% in May '06

    The average net salary dropped in May by 0.7 percent over the previous month, to RON 833, according to the figures published by the National Statistics Institute (INS), ACT Media news agency reports.…

  • Romania: Investment Up 10.9 % in Q1:06

    The investment in the Romanian economy upped 10.9 percent in the first quarter of 2006 compared with the same period of 2005, says the National Statistics Institute and ING Romania financial news.…

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