Archive » June 2009 » 09 June 2009 The english news from 09 June 2009
EBRD to offer Euro 1-100 mln for stock in local companies
While most portfolio investors are turning their backs on the local market, due to an aversion of high risk, the European Bank for Reconstruction and Development (EBRD) is looking for equity opportunities in Romanian companies. "We can become shareholders in a company with any amount ranging from €1 million to €100 million, the bank's Senior Banker specialized in equity for South-Eastern Europe, Caucasus and Central Asia, Peter Stredder, told Business Standard…
Romania exposed to EC sanction
Romania is still exposed to the risk of being sanctioned by EC as part of the Mechanism for Cooperation and Verification (MCV), sanctions which, according to procedures, can suspend the voting right in the Council, in the context of a tendency to render the accession to the Schengen Space and the Euro zone conditional on the commitments from MCV, Mediafax informs…
Romanian Ruling Coalition Parties Tie, Ind Candidate And Far-Rightists Get EP Seats - Exit Polls
Romanian social democrats secured the most votes at the EP elections Sunday, 30.7%, followed by democrat liberals with 30.4%, liberals with 15.4%, the Hungarian minority party with 10.4%. The far rightist Greater Romania Party secured 6.8% and independent Elena Basescu secured 3.6%, according to an exit-poll conducted by CCSB for Antena 3…
Romania to spend nearly lei 4m on internal touristic promotion
Romania's Tourism Ministry (MT) will spend almost 4 million lei to promote the country as a holiday destination for Romanian tourists, according to a bid announcement. The "Tourist in Romania" campaign should run between August 1 and December 25 …
Government to guarantee the loans of local companies
Companies hit by the economic crisis may secure state guarantees worth €90 percent of the funds borrowed from banks, as part of a program which received the green light yesterday from the European Commission. This is one of the first precise measures aimed at helping local companies. Managers and owners of businesses operating in Romania say that this is a good program, but that the government is moving too slowly to counter the impact of the crisis…
Romgaz to negotiate with Azerbaijan, Kazakhstan and Iran gas supply contracts for Nabucco
Romgaz Medias shall have talks with officials of Azerbaijan, Kazakhstan and Iran in relation to the conclusion of agreements for gas supply to Nabucco gas pipeline, deputy general manager of the gas producer, Lucian Stancu said, cited by Mediafax. "The last talks took place with Turkmenistan. I hope we resume the talks this year with Azerbaijan", Stancu said without providing other details…