Archive » November 2007 » 07 November 2007 The english news from 07 November 2007
EUR 120 M to be paid by Al-Arrab for Electroputere Craiova takeover
After five failed attempts, AVAS representatives have finally succeeded to privatize the company Electroputere Craiova. The privatization contract was signed yesterday by the president of the Authority for State Asset Resolution (AVAS), Theodor Atanasiu, and the president of Al-Arrab Contracting Co.…
Romania's industry increases due to investments in the economy
The entire industry increased by 4.2 percent in September, compared to August, due exclusively to the manufacturing industry, which soared 6 percent. The other two sectors of the industry, namely mining and quarrying, and electricity, heating, gas and water, dropped by 6.5 percent and 7.8 percent…
Raiffeisen Bank president dissatisfied with BNR
The president of Raiffeisen Bank, Steven van Groningen, is unhappy with the lack of dialogue between the Central Bank and the commercial banks and considers ungrounded the remarks of Governor Mugur Isarescu regarding their fault in the growth of the current account deficit. …