Archive » July 2006 » 21 July 2006 The english news from 21 July 2006

  • Romania: Some 500 mil Laundered in Past 2 yrs

    According to the National Bureau for Money Laundering Combating and Prevention (ONPCSB), nine money laundering cases reached the Court in 2006, with 15 files in which 39 people are charged, Nine o' Clock reports.…

  • Romania: Petrom Claims Damages of 45 mil

    Petrom officials claimed up to 54,500 tonnes of oil products are missing from the stocks of oil products in the custody of Petrotrans and Conpet, with damages amounting to approx. EUR 45 M, Nine o' Clock reports.…

  • Romania: EBRD Grants 10 mil Loan for Roads Infrastructure

    As many as 36 streets in the city of Sibiu(central Romania) are to be rehabilitated on the basis of a loan agreement signed by the City Hall and the European Bank for Reconstruction and Development (EBRD), ACT Media news agency reports.…

  • Romania: Romtelecom to be listed in 4Q06

    According to press reports the Romanian Communications minister stated that Romtelecom, OTE's 54% subsidiary, will be floated in October or November 06, while Romania expects to collect circa USD 1.06bn for its 46% stake, implying a total value of USD 2.3bn (EUR 1.83m).…

  • Romania: Property Fund Acquires Stake in WTC Bucharest

    Property Fund has entered the shareholdership of World Trade Center (WTC) Bucharest by taking over from the Authority for Sale of State's Assets (AVAS) a 19.9% stake, ACT Media news agency reports.…

  • Romania: Gov't Approves Maximum State Aid

    After Romania's integration with the EU, the Romanian state will be able to grant financial aid only for the eight development regions, representing no more than 50 percent of the costs of the projects concerned, the Government's spokesperson Oana Marinescu announced, ACT Media news agency reports.…

  • Romania: Cora's Turnover Up 56% in '05

    The company Romania Hypermarche, the administrator of Cora network in Romania, registered last year a turnover of almost RON 640 M (EUR 177 M), up 56 per cent vs. the results obtained in 2004.…

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