Archive » June 2006 » 13 June 2006 The english news from 13 June 2006
Romania: Brokers Might Cash € 800,000 from Transelectrica’s Listing
If it succeeds in selling out the stock offer, the brokers syndicate that arranges the bourse listing of power supplier Transelectrica will cash a commission of almost 800,000 euros. According to the issue prospectus, the brokers’ commission will be 2.25% of the amount of the offer, which is 123 million lei (34.6 million euros), ACT Media news agency reports.…
Romania: Net Average Salary to Reach 1,002 lei in 2008
The net average salary will go up some 37 percent until 2008, reaching 1,002 lei, according to a survey of the National Prognosis Commission, ACT Media news agency reports.…
Romania: €5,450 in per Capital GDP in 2008
In 2008 Romania will have 5,450 euros in per capital GDP, according to a study made by the National Prognosis Commission (CNP). Nevertheless, according to statistics, even in 2015 Romania will have almost 40 percent of the average per capita GDP in the European Union, ACT Media news agency reports.…
Romania: ING Securities- the lead in bourse brokers’ top on May
ING Securities, BRD Securities and Raiffeisen Capital & Investment are the leaders in the May top of Stock Exchange brokers. The bourse registered a steep decline of 6.5% in May, mainly due to the exits of foreign investment funds, ACT Media news agency reports.…
Romania: Soufflet Corporation Invests in a Malt Unit
Local county authorities last week met the representatives of French corporation Groupe Soufflet to discuss a 26 million EUR investment in a 60,000 tonnes malt processing unit. The meeting was attended by prefect Cristinel Marian Bagiu, head of the County Council, Victor Mocanu, mayor of Buzau, Constantin Boscodeala and Alexandru Arsene, counsel with the Romanian Agency for Foreign Investments (ARIS), Bursa reports.…
Romania: Prolemn Reghin Invests $25 Mln
Prolemn Reghin recently opened a new production line which was completed thanks to the capital brought by an investor from Turkey. The opening ceremony was attended by Ali Coskun, the Minister if Industries in Turkey and by Turkish Ambassador to Bucharest Ahmet Rifat Okcun, Bursa reports.…
Romania: Foreign Investments Created 12,400 jobs in 2005
The foreign investments created almost 12,400 new jobs last year, chiefly in the automotive industry (components for vehicles), placing Romania on the fifth place in Europe in this respect, after Poland, Great Britain and France, and ahead of Hungary, Germany and Spain, according to a survey of the consultancy company Ernst & Young, referring to the capacity of the European states to attract foreign investments, Nine O'Clock reports.…
Romania: Organic Farming, an Opportunity for the Agriculture
Romania may take advantage of the fact that it has optimum organic farming conditions to gain a leading position in the European market. Experts say that, in the context of globalisation and of the European accession, our country should move to capitalise on its natural resources as a competitive edge in agriculture, as part of its economic development strategy., according to Nine O'Clock reports.…
Romania: Changes in the Romanian Government
Emil Boc, the leader of the Democratic Party – PD, a member of the governing coalition, announced on Monday that his group decided to withdraw deputy PM Gheorghe Pogea from the government and would not nominate a replacement for him. Boc also announced PD would replace Transport minister Gheorghe Dobre with another party member, Radu Berceanu, according to HotNews and Government of Romania press release.…
Romania: Inflation Up to 0.6% in May '06
The inflation rate rose 0.6% in May this year compared to the previous month, leading to an annual inflation rate of 7% in Romania, according to data presented by the National Statistics Institute.…
Romania Should Intensify Accession Preparations, Says EU
The project of conclusions for the European Council of June 15-16, dedicated to the discussions over the future of Europe, represented the main theme of interest for Romania, considering that the authorities from Bucharest hope the date of January 1, 2007 to be acknowledged as the moment of accession, Nine o'Clock reports.…
Romania: Over 60% of Romanians Satisfied w/Premier, Opinion Poll Shows
Over 60 percent of Romanians are satisfied with Traian Basescu's activity as head of state, revealed an INSOMAR poll carried over June 1-6, ACT Media news agency reports.…
Romania: Economic Growth Sources Are Fragile, Warned Economists
Commenting on the announced GDP growth of 6.9% in Q1, 2006 Liviu Voinea, general manager of the Group for Applied Economy, said that “this is an unexpectedly high figure, but we should bear in mind that economic growth usually has a seasonal component, as proved the developments in 2005, when the figure registered in Q1 was higher than the yearly average,” ACT Media news agency reports.…
Romania: AVAS Blocks SIF Moldova's Accounts
The State Assets Realization Authority (AVAS) ordered the lock-up of SIF Moldova’s accounts at Transylvania Bank, following the company’s failure to fulfill a series of obligations assumed under a protocol signed in 1995, ACT Media news agency reports.…