Archive » May 2006 » 13 May 2006 The english news from 13 May 2006
Romania Must Absorb €9 mil/Day After Accession, Scheele Says
In case Romania joins the European Union on January 1, 2007, the authorities will have to spend €9 mln/day, including the weekends and holidays, in the first three years after accession, namely between 2007 and 2009, so that it does not lose the European funds, stated the head of the European Commission Delegation to Romania, Jonathan Scheele, during a conference on accessing European funds, organised yesterday by BCR, Erste Bank and DCE, Nine o'Clock reports.…
Romania: Automotive Mkt to Rise by 10% in '06
The automotive market in Romania is estimated to post a yearly growth rate of 10 percent, according to Constantin Stroe, vice-president of the Board of Directors at Dacia, Bursa reports.…
Romania Will not Resume Talks w/IMF on Stand-by Agreement
Romania does not intend to renew talks with the International Monetary Fund (IMF) on its frozen stand-by agreement due to run out in July, the IMF said adding that despite the fact that the authorities and staff reached agreement on the need to address imbalances, as discussed earlier this year, the Romanian gov't officials have different views on the magnitude of needed adjustments, Nine o'Clock reports.…
Romania: External Factors May Cause EU Entry Delay, SAR Survey Says
The Romanian Academic Society (SAR) published a warning report about the external factors that might have influenced to a greater extent the possible delay of a certain date for Romania’s accession to the EU, ACT Media news agency reports.…
Romania: Motor Ins. Mkt to Exceed €1 bln in '06
The Romanian motor insurance market is expected to exceed €1 bln this year as compared to underwritten premiums of €930 M in 2005, Allianz-Tiriac CEO Cristian Constantinescu stated, Nine o'Clock reports.…
Romania: EU to Allocate €30mln for Projects for 2007-2013
EU will allocate funds totalling €30mln to Romania to finance projects included in its National Development Plan (NDP) for the period from 2007 to 2013, said the president of BCR bank, Nicolae Danila.…
Romania: Holcim Q1 Sales Up by 15.8%
The cement producer Holcim sales in Romania rose by 15.8 per cent in Q1 compared to the same period last year, while delivery prices dropped by 2.7 per cent in the national currency, Nine o'Clock reports.…
Romania: 19 Companies Interested in Managing Proprietatea Fund
Some 19 companies in financial and investment field are interested in taking over the management of Proprietatea Fund, Nine o'Clock reports.…
Romania: State Companies Receive Subsidies Worth €200 mil
The state companies continue, in spite of inefficiency, to receive subsidies worth approx EUR 200 M annually, and their arrears worth over EUR 1.8 bln, Nine o'Clock reports.…
Romania: BNR Keeps Interest Rate at 8.5%
The Central Bank (BNR) Board decided to keep the 8.5 per cent yearly interest rate, believing it necessary to prolong the monetary policy restrictive conduct, Nine o'Clock reports.…