Archive » July 2006 » 25 July 2006 The english news from 25 July 2006
Romania: Car Leasing Transactions Up 46% in H106
The number of vehicles acquired under leasing jumped by 46 percent in the first half of 2006, compared to the similar period of 2005, amounting to 58,438 units, informs the Association of Romanian Automobile Producers and Importers, ACT Media news agency reports.…
Romania: SAPARD Funds Fully Absorbed Due to 'Farmer' Program
The Minister of Agriculture, Forests and Rural Development Gheorghe Flutur said that due to the "Farmer" program, Romania succeeded in fully absorbing the funds the European Union has earmarked to it under the SAPARD program, ACT Media news agency reports.…
Romania: CEC Binding Bids Open Today
The binding bids for Romanian CEC will be opened today. National Bank competes with Raiffeisen and OTP for a 69.9% stake in CEC.…
Romania: First High-Tech Block of Flats
The French-Romanian joint venture Jules Verne Imobiliare (JVI) will start the construction of a state-of-the-art block of flats this week close to Piata Alba Iulia in which the company will invest about ten million euros, according to Bucharest Daily News reports.…
Romania: Raiffeisen Doubles SME Credit Maturity
Raiffeisen Bank expanded the maturity term for Flexi IMM and Credit Invest loans to small and medium enterprises from five to ten years, acording to Bucharest Daily News reports…
Romania: President Basescu to Visit Washington
Romanian President Traian Basescu will start a three-day official visit to the United States on Wednesday at the peak of a domestic scandal in his country, related to the disappearance of a businessman charged with terrorism, according to HotNews Romania.…
Romania: ACE to Build a Factory in Dej City
Spanish group ACE, a manufacturer of electrical components for vehicles announced it would begin construction work on a third facility in Dej next month, according to Ziarul Financiar .ro…
Romania: Jan-May Current Account Deficit Up 53.2 %
The current account deficit of the balance of payments during the first five month of the year rose to EUR 3.3. bln, up 53.2 pc from the similar period last year, amid a decline in current transfers, Nine O'Clock reports…
Romania: Liberals Want Reconciliation with the President
Crin Antonescu and Gabriel Sandu, leaders of Liberal deputies, believe the dispute between the Romanian President and Liberal defense minister Teodor Atanasiu looks like a conflict between Cotroceni Palace and the Ministry of Defense, according to Ziua reports.…
Romania: President of Serbia in Bucharest on Official Visit
The President of the Republic of Serbia, Boris Tadic, will be in Bucharest today, in an official visit paid at the invitation of his Romanian counterpart, Traian Basescu, according to Nine O'Clock reports.…
Romania: AVAS: Rafo Privatization Procedure Still Unclear
AVAS President, Razvan Orasanu, declared that the plan of reorganisation of Rafo Onesti is valid until December 25, a timeframe in which the company must solve its situation in order to avoid going bankrupt, and therefore the pressure on AVAS management is growing, Nine o' Clock reports.…
Romania is Egypt's Most Important Trade Partner in SEE
Romania is the most important trade partner for Egypt in the Central and South-Eastern Europe, ACT Media news agency reports.…
Romania: Cosmote to Save Telecoms Mkt from Numbness
The Greek owners of Cosmote succeeded in saving the Romanian mobile telephony market from numbness by launching a recharge card with the lowest credit, of three euros only, on the market, ACT Media news agency reports.…
Romanian Post is the Only Institution to Receive EBRD Loan
The National Company Posta Romana (CNPR) is to get a 50-million-euro loan fromthe EBRD to invest in infrastructure, thus becoming the first Romanian state institution to get such a loan without providing governmental guarantees, Postmaster General Mihai Toader told Saptamana financiara publication, ACT Media news agency reports.…
Romania to Upgrade Subway Network on EIB Funds Worth €63 mil
The Romanian Government greenlighted an agreement allowing the Romanian Finance Ministry to take out a loan from the European Investment Bank (EIB) worth 63 million euros in order to finance the third stage of the project to upgrade the Bucharest subway network, ACT Media news agency reports.…
Romania Selects NBG, OTP in CEC Sale
Romania shortlisted Hungarian OTP and National Bank of Greece in the sale of its fifth largest bank, CEC, which will move onto the second phase of the negotiations, Finance Minister Sebastian Vladescu announced.…