Archive » May 2006 » 10 May 2006 The english news from 10 May 2006
Romania: Unemployment at 6.2% in March '06
The unemployment rate in Romania stood at 6.2 percent of the active population in March 2006, compared with 6.1 percent in March 2005, according to data released by the National Statistics Institute.…
Romania: EBRD Grants Loan for Road Infrastructure
The Ministry of Transport, Constructions and Tourism of Romania represented by the Romanian National Company of Motorways and National Roads (RNCMNR) received a loan from the European Bank for Reconstruction and Development (EBRD) towards the cost of the rehabilitation of ten strategic bridges in the Dobrogea area that are either located on the motorway or the by-pass, or are serving the motorway corridor.…
Romania: IMF Assesses Economic Status, Growth Prospects
In a recently published comprehensive report prepared by the IMF on Romania’s economic status and prospects of growth ahead of its 2007 accession, it was found that the country faces several challenges as for example, the widening of the current account deficit, and the sharp appreciation of the real exchange rate since end-2004 have raised concerns about Romania’s external competitiveness.…
Romania: HeidelbergCement Group's '05 Net Profit Up 3%
HeidelbergCement group posted last year a net profit worth 34.6 million euros derived from its operations on the Romanian cement market, aggregates and concrete, and the result was prompted by the increase in sales and cut in costs, ACT Media news agency reports.…
Romania: Four Foreign Investment Funds Interested in Mobexpert
Four foreign investment funds expressed interest in entering the business of Mobexpert, the biggest furniture retailer in Romania, informed Ziarul financiar, ACT Media news agency reports.…
Romania: Raiffeisen Housing Bank Estimates to Double Assets in '06
Raiffeisen Banca pentru Locuinte (Raiffeisen Housing Bank), RBL, estimates to double the assets in 2006, up to €80 mln, and signing of 60-70,000 new saving-loan contracts, stated RBL President Ionut Costea, Nine o'Clock reports.…
Romania: Austrotherm Invests €5 mln into New Production Unit
Austrotherm group, leading the market for the Central and Eastern Europe in the field of thermal insulating materials continues its growth in Romania with the opening of the second expanded polystyrene (EPS) production unit, Bursa reports.…
Romania: Mittal Steel Q1 Profit Up at 21 mn lei
Mittal Steel Romania registered a Q1 profit of 21.055 million lei, up 24.23 compared to the same period last year, when the profit stood at 15.952 million lei. Mittal Steel Romania posted 257.343 million lei in turnover, compared to 176.457 million lei over January-March 2005, ACT Media news agency reports.…
Romania: Iasi Privatization Announcement due in Sept. '06
The Authority for State Asset Resolution (AVAS) will appoint the members of the privatisation commission for Antibiotice Iasi, the most important company in the institution’s portfolio, within 30 days, while the privatisation announcement will be published in August or September, Nine o'Clock reports.…
Romania's EU Accession to Bring Opportunities to Austrian Companies
Romania has a fast pace of economic development since 2001, but its economy is weaker than that of EU recent members, is the conclusion of a study of the Vienna Institute for International Economic Studies (WIIW) regarding Romania's EU accession impact on the Austrian economy, ACT Media news agency reports.…