Archive » May 2006 » 22 May 2006 The english news from 22 May 2006
Romania: Procedures for Bucharest-Ploiesti Motorway Construction Launched
The National Expressway and National Road Company from Romania (CNADNR) will publish in a few days the announcement of the auction for the assigning of the contract regarding the design and construction of the segment Bucharest-Ploiesti of the motorway Bucharest-Brasov, Nine o'Clock reports.…
Romania: SIF Oltenia Suspended from Bourse
The Board of SIF Oltenia is currently divided in two groups that fight for executive power, a struggle reflected in the contradictory announcements issued this week by the Bucharest Stock Exchange, ACT Media news agency reports.…
Romania, Bulgaria Make Significant Progress- EBRD 2005 Analysis Report
South-eastern Europe (SEE) made significant progress in 2005 towards further integration with the European Union. Bulgaria and Romania remain on track for membership in January 2007, said EBRD in its recently released 2005 Annual Analysis Report on Southeastern Europe.…
Romania: Transelectrica to Raise €34.8 mn by Public Stock Offer
National power transport company Transelectrica will put up for sale by public initial offer on the Bucharest Stock Exchange shares worth an aggregate of 34.8 million euros, ACT Media news agency reports.…
EBRD, EIB Establish Joint Carbon Credit Fund
The EBRD and EIB agreed to establish a new fund to generate carbon credits from projects across the high energy intensity countries of central and eastern Europe and the Commonwealth of Independent States.…
Romania: Energy Sector Restructuring Estimated at €7.25 bln by 2020
The energy system restructuring project that the Government intends to approve this year broadly stipulates unification of production capacities in the thermal power, hydropower and nuclear power sectors into structures able to produce energy for an average EUR 42/MWh, official sources quoted by Mediafax announced, Nine o'Clock reports.…
Romania: Fiscal Code Endorsement Deferred
The endorsement of the draft Fiscal Code by the Government was deferred to this week, with emergency procedures to be initiated for its endorsement by Parliament, so as to ensure that parliamentary debates are completed by June 1, 2006, Nine o'Clock reports.…
Romania: Uzinexport Co. Estimates Exports to Reach $30mln in '06
Uzinexport Co. Bucharest estimates exports worth 30 million dollars this year, ACT Media news agency reports.…
Romania: Stock Exchange Drops Amid Foreign Capital Outflow
The foreign capital outflow from the Central and Eastern European markets is also felt by the Bucharest Stock Exchange (BVB), which continues to be on a downward trend. The market value of the companies listed with the BVB dropped by 658 million euros on Thursday to 20.09 billion euros, Ziarul Financiar daily wrote, ACT Media news agency reports.…
Romania: EU enlargement Will Slow Down after Romania and Bulgaria's Accession, Olli Rehn Says
The European Union's enlargement will slow down after Romania and Bulgaria's accession, new members might join the EU only after institutional and budget reform, in 2009 perhaps, international news agencies inform citing EU enlargement commissioner Olli Rehn as saying during the European Policy Center's meeting on EU enlargement, in Brussels, ACT Media news agency reports.…
Romania: 31 Companies Interested in Becoming Property Fund Manager
Following the advertisement published in the international press by the Property Fund on April 21, no less than 31 companies expressed interest for the position of Fund Manager, submitting their letters of intent by the deadline set on May 15, ACT Media news agency reports.…