Archive » November 2006 » 27 November 2006 The english news from 27 November 2006
Romania: Rulmentul Brasov to Lay off 600 Employees
Some 600 staff of SC Rulmentul bearing maker based in Brasov (central Romania) will be laid off and will get redundancy benefits depending on the length of their service, the Government said in a press release.…
Bulgaria: Czech to Decide on Bulgarian/Romanian Jobseekers
The Czech government is expected to decide on whether to leave its labour market open for newcomers Bulgaria and Romania joining next January or impose limits, Sofia News Agency reports.…
Romania: CFR Calatori Will Receive Higher Subsidies
The profit share for CFR Calatori that has after covering the real costs of travel by subsidies increased from 3-5% to 25 per cent for the railway operator…
Romania: EIB Grants €50 mil Loan to BCR
The Romanian Commercial Bank (BCR) signed a long-term global loan worth 50 million euros with the European Investment Bank (EIB), informed a release of the bank.…
Romania: EBRD to Provide up to €40 mil for CEE Fund
The European Bank for Reconstruction and Development (EBRD) could provide up to EUR 40 M to a regional fund focused on finance mezzanine operations, having a total value of EUR 200 M, which will invest in medium companies of Central Europe and Balkan states.…
Romania: Eurotunnel Seeks Debt Restructuring Creditor
Eurotunnel, the troubled operator of the Channel Tunnel rail link, said it had received two offers for a debt restructuring aimed at halting its slide into bankruptcy, Nine o' Clock reports.…
Romania: WB Grants $180 mil Loan for Roads Projects
The World Bank willl grant Romania a $180 million loan for road and railways infrastructure.…
Romania: Antibiotice Iasi to Borrow €2.5 mil as Working Capital
The management of Antibiotice Iasi will submit for shareholders’ approval, the proposal of mortgaging some of its fixed assets.…
Romania: BCC Contracts €10 mil Loan for SMEs Support
Banca Comerciala Carpatica concluded a contract with the Black Sea Development and Commerce Bank for borrowing EUR 10 Mn with the maturity after four years.…
Romania: Most Romanians happy about EU accession ( survey)
Almost half of the Romanians are happy with the fact that their country will join the European Union on January 1, reveals a survey conducted by the Social Research Bureau (BCS).…
Romania: SIF Muntenia to Participate in Antibiotice Iasi Privatization
The financial investment SIF Muntenia company intends to take part in the privatization of the Antibiotice Iasi pharmaceutical producer, given the special success they have had with the investment in Sicomed, according to the representative of the Munteania invest company that manages SIF Munteania, Nine o' Clock reports.…
Romania: Antibiotice Iasi Will be Privatized by mid '07
The State Asset Resolution Authority (AVAS) intends to sell by mid 2007 its 53% stock in pharmaceutical producer Antibiotice Iasi, stated AVAS President Teodor Atanasiu, Nine o' Clock reports.…
Romania: EU Accession Treaty Ratified by all Member States
Germany completed procedures to ratify Romania and Bulgaria’s European Union Accession Treaty,” a press release from the Integration Ministry showed, Nine o' Clock reports.…
Romania: Arctic Gaesti Invests €2.7 mil in Logistics Center
Arctic Gaesti completed the construction of a logistic centre having an area of 13,000 sq.m. and which will be inaugurated in Gaesti, Nine o' clock reports.…
Romania: Trade w/Turkey to Exceed $5bn
The trade exchange volume between Romania and Turkey will exceed, this year, USD 5 bln, up by USD 1 bln as against end 2005, Nine o' clock reports.…