Archive » November 2007 » 22 November 2007 The english news from 22 November 2007
PM Tariceanu: Leu depreciation no bad thing
Romanian Prime Minister Calin Popescu-Tariceanu stated on Wednesday on the occasion of a visit he paid to Bacau (north-east of Bucharest) that the depreciation of the national currency leu is no issue to raise concerns, as, in fact, the national currency reaches thus its correct economic level and, moreover, this exchange rate stimulates the exports and brakes imports…
Works On Romania's Comarnic-Brasov Highway Sector To Start Autumn Of '08
Romania's transportation minister Ludovic Orban said that works at highway section Comarnic-Brasov will start next autumn and the contract with the company to manage the project is to be signed by June 1, 2008. Only investors that reported an average turnover over EUR500 million in the last three years can take part in the bid…
IEB may finance Raiffeisen with 100 million euros
The European Investment Bank (IEB) may grant a loan of up to 100 million euros to Raiffeisen Zentralbank Österreich and Raiffeisen International Bank-Holding,the funds to be used to finance project in Romania, Austria and Hungary. Thus, Raiffeisen Zentralbank Österreich would be granted 20 million euros, and Raiffeisen International Bank-Holding 80 million…
Oil prices strike record high USD 99.29
World oil prices surged to a record peak above USD 99 per barrel on Wednesday on the back of the falling US dollar and tight global crude supplies, traders said. In early trading on Wednesday, New York's main contract, light sweet crude for January delivery, rocketed to an historic USD 99.29.…
Nokia Siemens Networks to develop RCS & RDS's 3G network
RCS & RDS is to launch mobile phone services in Bucharest and a further 10 to 15 cities by the end of the year, following a pilot launch in the northern city of Oradea. The operator is already providing mobile phone services in the western city of Timisoara.…