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Romania: Rompetrol Starts Developing Works in Golesti Gas Deposit
Rompetrol Group, through its Exploration and Production Upstream Division (RU), is expected to start, in about three months' time, reactivating, testing and developing works on the Golesti gas deposit (Arges, southern Romania), on an investment that might exceed $27 million in the four years to come, the company informed, ACT Media news agency reports.…
Romania: Alcatel Signs €1 mn Contract for EU Border Security
Alcatel Romania will provide a wireless transmission solution for the communication infrastructure of the new EU border protection system, in a contract amounting to approx. EUR 1 M, company’s Commercial Manager Emil Visloguzov announced, Nine o'Clock reports.…
Romania: EBRD Announces Consultancy Tender for Constanta Bypass Construction
The Romanian Company for Motorways and National Roads (RNCMNR), in association with the European Bank for Reconstruction and Development, announced invitation of expressions of interest for Consultancy services for legal advise and preparation of the land expropriation documentation according to the applicable law in Romania.…
Romania: Romgaz to Make Investments of 827 mil lei in '06
The Romanian Ministry of Economy and Trade announced, for 2006, investments worth 827 million lei to be made by Romgaz, which is the main producer and supplier of natural gas in Romania, Minister Ioan Codrut Seres said after a recent meeting with the Romgaz representatives, ACT Media news agency reports.…
Romania: Energy System Upgrade Requires €10 bn Until 2010
Investment of about 10 billion euros is required for the Romanian energy system modernisation throughout 2010, representatives of the institutions concerned stated at a conference on energy issues. Presently, thermal power stations account for more than 60 percent of Romania's installed capacity, whereas hydro power stations account for 35 percent, ACT Media news agency reports.…
Romania: Enel Acquires 67.5% Stake in Electrica Muntenia Sud
The bid of Italian company Enel SpA for the purchase of Electrica Muntenia Sud is the winner, decided the commission for the negotiation of the privatisation contract, assisted by an Advisory Consortium managed by PricewaterhouseCoopers, ACT Media news agency reports.…
Romania: EU Companies' Staff in Romania to be Subject to Romanian Law Stipulations
Employees of an enterprise or company set up in an European Union (EU) member state and in the European Economic Area (EEA), posted to Romania, are to be subject to the work conditions stipulated by the Romanian law and/or a collective labour agreement at national and branch levels, according to a bill approved by the Government in Bucharest, ACT Media news agency reports.…
Romania: Orange Mobile Expands 3G Services
Mobile operator Orange Romania launched in Bucharest and Timisoara its third-generation telecom services, targeting a total 250,000 customers for this service by the end of the year. Investments earmarked by the company for extending the 3G network to 20 cities by year-end amount to €23 mln, ACT Media news agency reports.…
Romania: 445 Direct Investment Projects Took Place in 2001-2005
Regional development agencies received, October 1, 2001 - December 30, 2005, 445 investment projects which value exceeds $1million each, with these investors benefiting from facilities according to the Law on direct investment with a significant impact upon the economy, showed data with the Romanian Agency for Foreign Investment (ARIS), ACT Media news agency reports.…