Archive » June 2009 » 02 June 2009 The english news from 02 June 2009
Romania's Romgaz inks first agreement with Russian gas giant Gazprom since 1989
State-owned gas producer Romgaz and Russia's gas monopoly Gazprom signed a memorandum for collaboration which set the grounds for a future joint venture, declared the Romanian Economy Minister, Adriean Videanu, during a press conference. The joint venture could be set up in September…
Giants bid for Euro 100-500 mln frigate modernization deal
The modernization of two frigates owned by the Navy is attracting top international navel defense industry companies to Romania, such as Thales Nederlands BV, Lurssen Lar Investment, Finmeccanica (Orizzonte Sistemi Navali), Damen Shipyard, Lockheed Martin, STX Shipbuilding (STX Norvegia), Rodriquez Cartieri Navali (InterMarine), BAE Systems, and Thyssen Krupp…
Colliers: Bucharest Apartment Prices Slightly Dn M-M In May
The prices of both old and new apartments in Romania's capital city, Bucharest, fell by an average 1% on the month in May, and they were down 10% compared with the beginning of the year, according to a report of real estate company Colliers International. Apartment prices were 28% lower compared with the maximum value touched in April 2008…
EUR 4.8 bln from IMF ups BNR reserves by EUR 1.966 bln in May
The currency reserves of the National Bank of Romania (BNR) rose by EUR 1.966 bln in May, to EUR 24.886 bln, according to a the central bank release on Monday, in the context of the 4.27 bln Special Drawing Rights (EUR 4.8 bln) inflow accounting for the first instalment with IMF accord. Inflows equal EUR 6.288 bln, accounting for tranche 1 in the stand-by agreement with the IMF…
Premier says 16 banks confirm intent to join first house program
Romania's prime minister Emil Boc said that the first house buying program (Prima Casa) addressing young families could be started earlier than planned and that 16 banks voiced interest over joining the program. The program could become operational by the end of the month, Boc said, adding that the government will come up with a bill including all the conditions imposed on banks to get involved in the program…
Romanian President To Meet Bankers On Wednesday
Romanian President Traian Basescu will meet on Wednesday with representatives of the central bank, of the Romanian Association of Banks and of major banks on the market, official sources told MEDIAFAX Tuesday. They are expected to discuss the economic situation, the agreements signed with parent banks to keep financing in Romania and the "First House" program…
Business leaders demands to curb unemployment
Looser fiscal measures for the workforce, Labor Law changes to iron out employee-employer relations, stimulating career change by granting fiscal facilities to companies that are training employees, and state subsidies for companies that hire unemployed workers are the main demands of business leaders to stop increasingly higher unemployment…
INS: Investments in national economy maintain pace in Q1
According to the data provided by the National Statistics Institute (INS) on Tuesday, the investments in the national economy have dropped in Q1 by only 0.3 per cent to RON 12.77 bln compared to the level registered in the same period last year, showing they have kept the pace as compared to 2008…