Archive » May 2006 » 24 May 2006 The english news from 24 May 2006

  • Romania: Cap Market Shows Slow Development Despite Investors' Interest

    The Romanian market of domestic currency bonds is insufficiently developed, in spite of the high interest shown by foreign financial managers in investments in this sector, stated a number of bankers convened in the annual EBRD meeting, Nine O'Clock reports quoting Mediafax reports.…

  • Romania: Gov't in Search of €160.1 mil Loan for Water, Sewerage Upgrade

    The Government plans to take a credit from the Council of Europe Development Bank (CEDB) of 160.1 million euros for the rehabilitation of water supply, sewerage and water treatment stations, Government's spokesperson Oana Marinescu announced, ACT Media news agency reports.…

  • Bulgaria: Solidarity Funds Approved by European Parliament

    An Amending Budget was approved by the European Parliament of funds allocated from the European Solidarity Fund and will be entered into the 2006 EU budget in order to assist Bulgaria, Romania and Austria.…

  • Romania: Real Estate Investment Rises in Western Romania

    Romania's fourth most populated city, Timisoara, is seen as a top target for investments, which, few years ago, saw mainly textile manufacturing, but the industrial sector remained strong, due to its proximity to the EU border. Now, Timisoara hosts not only industrial units but also offices, commercial centers and new residential units, ACT Media news agency reports.…

  • Romania: Electrolux Co. Posts Turnover Up 25% in '05

    Electrolux Co. reported 157 million euros in turnover in 2005, up 25 percent from 2004, as turnover stood at 125 million euros, ACT Media news agency reports.…

  • Romania: Canada Interested in Cernavoda 3,4 Nuclear Plant Construction

    Canada wants to carry on the cooperation with Romania in the construction of Units 3 and 4 in the Cernavoda Nuclear Power Plant, Ambassador of Canada Franco D. Pillarella announced, according to Mediafax, Nine o'Clock reports.…

  • Romania: 50,000 Entities w/Debts to Health Security Fund

    Over 50,000 debtors to the public health security budget may be subject to lien procedures unless they pay up their obligations by June 12, officials for the Authority for State Asset Resolution (AVAS) announced, Nine o'Clock reports.…

  • Moody's Raises Foreign-Currency Country Ceilings - Revised Methodology

    Moody's Investors Service said that a new approach to setting its foreign-currency country ceilings for bonds has resulted in upgraded ceilings for 70 countries. Country ceilings already carrying Moody's top rating of Aaa were unaffected by the new methodology and no country ceiling was downgraded as a result of the revised approach.…

  • Romania: Winner of Electrica Muntenia to be Announced Soon

    The winner of the bid concerning the take over of 67 per cent of Electrica Muntenia Sud shares will be known early next week at the earliest, while the rumours on the market estimate the price of the take over is exceeding EUR 750 M, Nine o'Clock reports.…

  • Romania: CEC Privatization Ordinance Approved by Deputies

    The privatisation process of the National Savings Bank (CEC) is ready, as the Deputies voted the Ordinance 199/2005 regarding certain measures for the continuation of CEC privatisation, which sets the sale of a 5% package shares to the company’s employees, Nine o'Clock reports.…

  • Romania Shows Progress, Problems Still Remain, Says Jonathan Scheele

    Romania still has to solve some problems, but has made a lot of progress for the EU entry, said the head of the European Commission Delegation in Romania Jonathan Scheele, ACT Media news agency reports.…

  • Romania's Commercial Exchanges w/Spain Exceed €1bn in '05

    The volume of Romanian-Spanish commercial exchanges exceeded in 2005 one billion euros, the Spanish secretary for tourism and trade, Pedro Mejia declared, ACT Media news agency reports.…

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