Archive » June 2006 » 28 June 2006 The english news from 28 June 2006
Romania: Banks Competition to Increase on SMEs Sector
The banks competition will intensify on the small and medium enterprises sector in the light of the approaching accession to the EU, according to the president of the Romanian Banks Association Radu Ghetea, according to Hotnews Romania…
Bulgaria-Romania:``EU Entry offers possibility for growth but is not a guarantee` Economist says
Bulgaria and Romania have made great achievements in fullfiling requirements with regards to EU entry as fara as the economic sector is concerned, said Joan Hoey, senior analyst at the Economist Intelligence Unit for Central and Eastern Europe, adding, however, that there still several challenges that both countries need to overcome by the end of the year.…
Romania: Vega Refinery Enters the High Quality Road Bitumen Market
Vega Refinery Ploieşti invests about $7 million in the construction of the first road polymerized bitumen installation in Romania, a product more resistant and feasible compared to the current solutions used for the asphalt production, according to Rompetrol news.…
Romania: No Direct Accusation Against Romania in CIA Prison Case
EU Justice and Home Affairs Commissioner Franco Frattini called for thorough national inquiries into alleged CIA secret flights and prisons in Europe and greater parliamentary scrutiny of intelligence services to prevent human rights abuses, according to Bucharest Daily News…
Romania: New S&T Nearshoring Centre
S&T System Integration & Technology Distribution AG is opening a new subsidiary in Romania. The new nearshoring centre should reinforce S&T’s strong position in the software solutions markets of Central and Eastern Europe, according to the S&T company press release.…
Romania: Senators Approved Draft Fiscal Code
The draft law including the amendments to the Fiscal Code was approved by the Senate at the beginning of the week, but not all the provisions in the form approved by the Government were also green-lighted by the Senators, Nine O'Clock reports.…
Romania: Nabucco Gas Pipeline Project Closer to Contract Financing
Preparations for implementation of the Nabucco project have significantly progressed early this week, after talks held in Vienna by European Commission officials and energy ministers in the countries on the route of the planned pipeline concluded with the signature of an agreement to speed up preparations for project implementation, Nine O'Clock and Balkan News reports…
Romania: Works at Calafat-Vidin Bridge to Start May 2007
The construction works for the bridge over the Danube, which will connect Calafat and Vidin, from Bulgaria, will start most probably in May next year, stated the Bulgarian Minister of Transport, Petar Mutafchiv, after a meeting in Vidin with his Romanian counterpart, Radu Berceanu, informs Nine O'Clock .…
Romania: Savings House Grows Steadily
The Romanian Savings House (CEC) has been growing steadily after a period of going backwards fast, CEC president Eugen Radulescu said, according to HotNews Romania…
Romania: National Bank Tightens Loans Policy
The Board of the National Bank of Romania (BNR) decided to raise the monetary policy rate to 8.75 percent/year from 8.5 percent in order to reduce inflation by tightening the banking loan monetary policy, according to HotNews Romania…
Croatia: Conference on investment in SEE
A ministerial conference on a regional framework for investment in Southeast Europe gathered around 100 participants from eight Southeast European countries in Vienna on Tuesday. The conference is attended by delegations from Albania, Bulgaria, Croatia, FYROM, Moldavia, Montenegro, Romania and Serbia. The participants are expected to adopt a ministerial declaration based on surveys on the investment atmosphere in Southeast Europe, CT reports.…
Romania: BCR allocated for projects RON 315 mln tranche within “The Farmer” Program 2006
Banca Comerciala Romana (BCR) has fully allocated the RON 315 million tranche within “The Farmer” Program 2006, destined for co-financing eligible SAPARD projects, which became operational at BCR on June 15, 2006. The total amount raised by the Bank following the Tender organised by the Ministry of Agriculture, Forests and Rural Development (MAFRD) reached RON 325 million, according to BCR press release.…