Archive » June 2006 » 20 June 2006 The english news from 20 June 2006
Romania: Ronald Berger Co. Selected Restructuring Consultant of Posta Romana Nat'l Co.
The appraisal Commission at the Ministry of Communications and Information Technology (MCTI) has declared as a winner for the bid put by Roland Berger Company, together with Musat and Associates (law firm) and Mazars Romania (financial consultant) for the restructuring of the Posta Romana SA National Company, Nine o' Clock reports.…
Romania: Stock Exchange Plans Expansion by 2010
The Romanian Stock Exchange targets to reach 300,000 active investors per month, a 50 million-euro daily average value of transactions and around 130 companies listed on the market, not including those currently traded on RASDAQ market, ACT Media news agency reports.…
Bulgaria, Romania Progressed in Judicial Reforms, Rehn Says
Olli Rehn, the European Union's expansion commissioner, expressed content with the progress that Romania and Bulgaria have made in implementing judicial reforms but pointedout that these should last, Sofia News Agency reports.…
European Court of Auditors : Many Phare Projects in Bulgaria and Romania, problematic
Since 1997, the overall objective of the Phare programme has been to help the Central and Eastern European Countries (CEEC) to prepare to join the European Union. In order to support the reforms required for EU-membership, the Phare programme provides financial assistance for investment and institution building], as part of the Union's Pre-Accession Strategy. After the accession of 10 countries in May 2004, the implementation of the accession roadmaps for Bulgaria and Romania became a major focus. The Phare National Programmes for the years 2000-2004 allocated a total of 511 million euro to Bulgaria and 1 400 million euro to Romania. Of these amounts 262 million euro (51,3 %) and 806 million euro (57,6 %) for Bulgaria and Romania respectively were devoted to investment support.…
Romania: Real Estate Consulting Mkt Rises by 30% m/m
The real estate consulting market, except for the intermediary services, increases by about 30 percent a month. The market surveys, the evaluations and the administration of real properties are services that have just entered the Romanian market, but which have a spectacular development with the evaluations of properties having the highest demand, ACT Media news agency reports.…
Romania: Switzerland Allocates €1.13 mil to Boost Romanian Exports
Switzerland will allocate EUR 1.13 M in the next three years to finance a technical assistance programme intended to help increase the competitiveness of Romanian exports, the Ministry of Economy and Commerce announced, Nine o' Clock reports.…
Romania: Generalcom Invests €1 mil in Asigurari Insurer
Generalcom, a company that lets out buildings, has invested one million euros in insurer Asigurari Global, wrote Ziarul Financiar, ACT Media news agency reports.…
Romania: Italian Monte dei Paschi Withdraws from CEC Privatization Process
The Italians from Monte dei Paschi have not reconfirmed their interest in CEC after the resumption of the privatisation process, Finance Minister Sebastian Vladescu told ‘Ziarul financiar’, thus acknowledging the rumours that had been circulated since the winter, Nine o' Clock reports.…
Romania: Cefin Real Estate Changes Shareholders
Bucharest-based realtor Cefin Real Estate Beta has undergone changes in the shareholder structure as Aludra has transferred 583,289 shares with a face value of 10 RON to EPC Omikron Ltd. This package amounts to 89.9998 percent of the share capital of Cefin, Bursa reports.…
Romania: Retail Co. Rewe to Invest Up to €200 mil in 5 yrs
The retail company Rewe Romania, a member of the German Group Rewe, will invest EUR 180-200 M over the next five years, given the company’s long-term plan to set up a chain of 150 to 200 stores in Romania, Nine o' Clock reports.…