Archive » July 2009 » 20 July 2009 The english news from 20 July 2009
Green Energy to no longer build Tulcea wind park and Iernut biogas plant
If, so far, most projects would "fall" because of the economic crisis, now they are delayed because of legal gaps. Green Energy Group SA postponed the project of the 200 MW wind park in Tulcea and the biogas power plant in Iernut, considering that the legislation of Romania does not offer sufficient support for the small investors in renewable energy, but only for the big ones. "We have about 300 hectares in Tulcea…
Romania To Urge IMF, EC To Double State Guarantee Cap - PM
Romania will urge the International Monetary Fund (IMF) and the European Commission (EC) to double the state guarantee ceiling, currently set at EUR1.4 billion, in order to extend the mechanism in agriculture and at the level of local administration, Prime Minister Emil Boc said Saturday…
Developers take cars as down payment for homes
Some 15,000 people were expected to visit the Project Expo First Home fair in Bucharest by last evening, attracted by new offers made by developers at lower prices, to fit in the "First Home" government program. On Friday and Saturday, some 9.500 people visited the fair…
World Bank: Keep salaries and pensions under control, to avoid hard landing
Romania's economy can avoid the risk of a hard landing by adopting a fiscal responsibility law, creating an independent fiscal council, approving in Parliament an efficient medium-term strategy, with budget spending and staff ceilings for the coming three years, according to the Partnership Strategy for 2009-2013, developed for Romania by the World Bank…