Archive » July 2006 » 31 July 2006 The english news from 31 July 2006
Bulgaria, Romania Sign Danube Bridge Agreement
Bulgaria and Romania will sign an agreement on the usage of the new mixed road/railway bridge between the ports of Vidin and Calafat during the period of its construction, Sofia News Agency reports.…
Romania: Frattini to Come to Bucharest
EU Commissioner for Justice Franco Frattini is to pay a visit to Bucharest and meet with the President of Romania Traian Basescu, PM Calin-Popescu Tariceanu and ministers Vasile Blaga and Monica Macovei, according to Ziua.ro reports.…
Romania: Bell to Develop Business
Upon his return from the US the Romanian minister of economy Codrut Seres said Bell Helicopter Textron expressed interest in taking over one Romanian plane factory, Ziua ro. reports.…
Romania: Communications Revenues Exceed €3 bln
Communications revenues exceeded three billion euros last year, according to data conveyed by communications providers to the National Regulatory Authority for Communications (ANRC), according to Rompres anf ING Financial news.ro…
Romania: UniCredit Sees Banking System Rise to 58% of GDP in 2008
According to a UniCredit study, titled “The banking system in Central and Eastern Europe and the role of international players” and given to publicity this week, credits on the local markets will keep on growing steadfastly, by a faster pace than savings, ACT Media news agency reports.…
Romania: CEC Privatization Process to Start on August 1
National Bank of Greece and Hungary’s OTP Bank are the two finalists in the competition for the Romanian Savings Bank – CEC, ACT Media news agency reports.…
Romania: Investments in Car Components Rise
Due to its highly skilled labor, competitive wage costs and proximity to the European border, the car components market has this year drawn in the most substantial foreign investments to Romania, Ana Maria Cristina, president of the Romanian Agency for Foreign Investments (ARIS), ACT Media news agency reports.…
Romania: DA Alliance is Credited with 43 % of Voting Intentions
The Justice and Truth (DA) Alliance leads by 43.1 percent of the voting intentions in case parliamentary elections were organized next week, reads an Omnibus poll conducted over July 10-17 by the Centre of Urban and Regional Sociology (CURS), ACT Media news agency reports.…
Romania: Military Policemen End Mission in Iraq
During a ceremony in Camp Mittica nearby Al-Nassiriyah, on Thursday, the Italian commanders under whose coordination the Iraq 6 Military Police Company has been acting, thanked the Romanian troops for their comradeship and the courage they showed in their actions, reads on Friday a release of Romania's National Defence Ministry, ACT Media news agency reports.…
Romania: Prices of Utilities Up Fivefold Over 2001-2006
The price of utilities went up approximately fivefold over 2001-2006 in Romania, ACT Media news agency reports.…
Romania: BCR’s Takeover Places Erste Second in Eastern Europe
If the financial outcomes of the Romanian Commercial Bank (BCR) are included in Erste’s reports, the assets owned by the of the Austrian institution in Central and Eastern Europe, ACT Media news agency reports.…
Romania: Owens Corning Take Over Turda Stone Plant
The Turda-based plant was inaugurated in July 2004 and has attracted investments worth around 1 million euros, according to Ziarul Financiar.ro reports.…
Romania: Alpha Bank Profit Up 22% in H1
Alpha Bank Romania posted a net profit worth 15.1 million euros in the first six months of the year, a 22% increase against the similar period of last year, according to Ziarul Financiar.ro reports…
Romania: €38 mln Profit for Continental Timisoara
Continental Automotive Products Timisoara, the tyre manufacturing unit of the German group Continental, last year posted gross profit of 38 million euros (137.8 million RON), an increase of approximately 38% in euros from the previous year, according to Ziarul Financiar.ro…
Romania Will Mainly Invest in Research after EU Accession
The investments in research – development projects, as well as in upgrading the production capacities, will become, after the EU accession, prevailing trends within the Romanian economy, said the president of the Romanian Agency for Foreign Investments (ARIS), Ana Maria Cristina, Nine o' Clock reports.…
Romania: New Criteria to be Established for Minimum Guaranteed Income
The eligibility conditions for the minimum guaranteed income will be much more drastic, and the authorities estimate that the number of beneficiaries will drop by at least 10 per cent, Nine o' Clock reports.…
Romania: DA Party Receives 43.1% of Voting Intentions, Survey Shows
The Justice and Truth (DA) Alliance leads by 43.1 percent of the voting intentions in case parliamentary elections were organized next week, read an Omnibus poll conducted over July 10-17 by the Centre of Urban and Regional Sociology (CURS), ACT Media news agency reports.…
Romania: Fin Min Cancels State Securities Bid
The bid for the emission of securities with a maturity of three years and a value of RON 200 M scheduled for August 3 was cancelled, Nine o' Clock reports.…
Romania: Real Estate Fund to Invest €100 mil in Eastern Europe
The North Real Estate Opportunities Fund managed by British North Asset Management Company, intends to raise EUR 100 M by issuing new shares and by being listed on the AIM market managed by the London Stock exchange, to finance real estate projects in eastern Europe, including Romania, Nine o' Clock reports.…
Romania: Deadline for Cernadova Plant Construction Extended
The submission deadline of the binding offers for participating in the construction of Cernavoda Nuclear-electric plant groups 3 and 4, initially established for July 30, has been extended up to a date not yet defined, with the purpose of completing discussions with the companies interested in the project, Nine o' Clock reports.…
Romania: Trade Deficit Rises by 38.3% in 1H06
The trade deficit advanced by 38.3 per cent over the first half as against the same interval of the previous year, up to EUR 5.81 bln, according to the information provided by Ministry of Economy and Commerce, Nine o' Clock reports.…
Romania: Vodafone Reports High Profit
Vodafone Romania reports strong financial performance for the quarter ended June 30, 2006, according to Vodafone's press release.…
Romania: Cosmote Obtains €160 mln
Cosmote granted a 160 million euros credit to its Romanian branch as part of the financing program for Cosmote Romania developed between 2006 and 2008, according to Bucharest Daily News.ro…
Romania is on the Right Track to EU, German Official Says
Romania is on the right track towards the European Union, that in the responsibility of the Administration and the Interior Ministry included, the president of the Council of Home Affairs Ministers of the German states and Bavaria's Vice Prime Minister and Interior Minister Gunther Beckstein said, ACT Media news agency reports.…