Archive » July 2006 » 20 July 2006 The english news from 20 July 2006
Romania: MEC Needs International Consultant for the Restructuring of the Energy System
The minister of economy and Trade (MEC) will organise an international bid for the choice of a consultant to design a study to be the foundation of the restructuring of the energy system, stated to NewsIn sources from the ministry, ACT Media news agency reports.…
Romania to Continue State Aid Assignments to Development Regions
Romania will have the possibility, after EU accession, to assign state-funded aid for the eight development regions, in the limit of maximum 50 per cent of the project’s costs, based on a decision approved by the Government.…
Romania: Transport Min to Expedite Motorway Works thru Concession
The Ministry of Transport, Construction and Tourism (MTCT) wants to expedite infrastructure works by resorting to concession contracts on segments of the motorway, according to Minister Radu Berceanu, Nine o' Clock reports.…
Romania: FDI Estimated to Reach €7.5 bn in '06
Romania could receive foreign direct investments worth 7.5 billion euros this year in greenfield projects and big privatisations, according to a survey conducted by the European banking group Unicredit.…
Romania: Cometex S.A. Suceava Takes Over Nada Florilor Altex S.A.
Nada Florilor Altex S.A. Piatra Neamt will be taken over by Cometex S.A. Suceava in keeping with a decision that Cometex shareholders made on December 28th, 2005, Bursa reports.…
Romania: Foraj Sonde S.A. Posts Significant Growth for '05
Foraj Sonde S.A. (FOSP) closed last year with 84,336,300 ROL in profit amid significant growth of oil & gas related services, Bursa reports.…
Romania: Faur S.A. Bucharest Ups Share Capital By €3.5 Mln
Shareholders in the Bucharest-based rolling stock manufacturer Faur S.A. (FAUR) on July 14th authorized an increase in share capital by 3,597,438 EUR, Bursa reports.…
Romania: SSIF Broker S.A. Reports 6.83 Mln RON Profit In H1
SSIF Broker S.A. (BRK) has reported a gross profit of 6.83 million RON in the first half of the year and a net share value of 1.25 RON/share, Bursa reports.…
Romania: Hong Kong Opens Door for Romanian Companies on Chinese Market
Hong Kong is the place to start for Central European companies that want to start a business on the fast-growing economy of China, argued the Regional Director of Hong Kong Trade Development Council (HKTDC) Lore Buscher at a press briefing yesterday, Bucharest Daily News .ro…
Romania: EU Citizens will be Able to Use Health Insurance in Romania
Citizens from European Union states will have the possibility to use their health insurance in Romania, under a government decision yesterday. The measure came following a change to a government ordinance issued last year regarding free circulation of EU and European Economic Area citizens in Romania, according to Bucharest Daily News.…
Romania: BCR Credit for Completion of Cernavoda Nuclear Power Plant Unit 2
Under a contract closed between the Finance Ministry and the Romanian Commercial Bank (BCR), BCR is to grant the local currency equivalent of 122 million euros in a loan that will finance the completion of the works on Unit 2 of the Cernavoda Nuclear Power Plant, ACT Media news agency reports…
Romania Receives €63 mln Loan from EIB for Subway Upgrade
The Romanian Government will receive a €63 mln loan from the European Investment Bank (EIB) to finance a Bucharest subway modernization.…
Bulgaria: EC to Find Formula on Bulgarian, Romanian Commissioners Addition
The European Commission has not decided yet how to add a commissioner from Bulgaria and Romania each once the two Balkan states accede, Sofia News Agency reports.…
Romanian Telecoms Undergo Inquiry on Possible Mkt Dominant Position Abuse
Further to notifications coming from a landline operator, the Competition Council initiated an inquiry into a possible abuse of market dominant position by companies Orange Romania, Vodafone Romania and RomTelecom, the competition authority announced, Nine o' Clock reports.…