Archive » June 2009 » 26 June 2009 The english news from 26 June 2009
Car giant Ford appoints new administrator at Romanian automaker Automobile Craiova
American car producer Ford Motor Company named Kenneth Macfarlane as the new administrator of the local carmaker Automobile Craiova, according to the decisions completed in the shareholder meeting. Kenneth Macfarlane will replace Dinel Staicu as SIF Oltenia (SIF5) is no longer shareholder at Automobile Craiova. SIF5 sold its 22.56 percent stake in April, for about 75 million lei…
Petrom oil production core relocates to Kazakhstan
Romania's largest company, Petrom, part of the Austrian OMV oil and gas group, began production at Komsomolskoe, in Kazakhstan, following a €180 million investment, at a deposit which is due to become the most important in the company's portfolio, as of next year…
Romanian CEC Bank Offers Lowest Rate For RON Loans In "First House" Program
Denominated loans granted through the "First House" program is at ROBOR rate plus 1.9 percentage points and was offered by Romanian state-owned lender CEC Bank, the head of the Guarantee Fund for small- and medium-sized enterprises loans Aurel Saramet said…
EC slams Bucharest over energy regulations, car pollution tax
The Commission has taken firm actions on Thursday against 25 member states, including Romania, who prevent European consumers benefiting from the advantages of a competitive and open Energy Market by not complying with EU legislation, a press release reads…