Archive » July 2009 » 29 July 2009 The english news from 29 July 2009
Commission pays €1.5 billion in Balance of Payments support to Romania
The European Commission on Monday paid a first instalment of €1.5 billion to Romania part of a Balance of Payment loan agreed by the EU. On the same day, it also paid a second instalment of €1.2 billion to Latvia (see IP/09/1194). The loans back the implementation by the two countries of fiscal, financial and structural adjustment programmes turned necessary by the global economic crisis…
Now Romania linked with future F1 bid
Romania is the latest country to be connected with a possible addition to the Formula One calendar of the near future. Hot on the heels of central European neighbour Bulgaria's attempts to win a round of the world championship, it has emerged that Romania has launched a project for a world-class racing circuit…
Romania receives first tranche of EU loan
The first tranche of 1.5 billion of an EU loan of five billion Euros has an annual interest rate of 3.125 per cent and matures in 2015. "EU bonds issued on 15 July to finance the two instalments for Latvia and Romania bear a coupon of 3.125 and mature in 2015. The operation is called a back-to-back loan because it is extended on exactly the same terms (interest rate and maturity) as obtained by the European Union,"…
'My Basarabia' at ArtSociety Gallery in Bucharest
An event occasioned by the near closure on August 2 of the 'My Basarabia' exhibition, an extensive incursion into the Basarabian fine arts between 1900 and 1970, represented by 22 artists, took place on Monday evening at the ArtSociety Gallery in Bucharest…
INS: Moderate decrease in nearly all sectors until September
The managers of Romanian industrial companies forecast, for July-September 2009, a moderate activity decrease in the processing industry, the construction sector, retail trade and services, as compared to the previous quarter, the National Statistics Institute (INS) reports…
Media Pro Sells Media Pro Entertainment To CME In 97.6M dollars Deal
Central European Media Enterprises (CME) and its CEO Adrian Sarbu signed an agreement to get all the entertainment operations of MediaPro, controlled by Sarbu, in a complex deal estimated at $97.6 million by Merrill Lynch.…
Raiffeisen Romania profit dropped by 18.5% in H1, to 52.6 million euro
The net profit of Raiffeisen Bank Romania dropped by 18.5% in the first half, to 221.64 million lei (52.6 million euros), on the backdrop of increased provisions, while the value of bank's assets rose 18%, to 19.65 billion (4.67 billion euros).…