Archive » October 2006 » 02 October 2006 The english news from 02 October 2006
Romania Risks to Absorb only 20% of EU Funding in first 2 yrs after Accession
Romania should take after the “Spanish model” of absorbing European funding and see where the East European countries that could not effectively spend but one fifth of the money assigned to them have gone wrong, because the country also risks to return to the EU budget more than it receives, said a report by ING Bank Romania, ACT Media news agency reports.…
Romania: First Factoring Co. to be Launched
The first company in Romania specialised in factoring services, member of Factor Chain International, will be inaugurated this week, ACT Media news agency reports.…
Romania: Electrica Muntenia Sud Selling Contract to be Signed by end of '06
Codrut Seres declared that the privatisation contract of the electric energy distribution branch Electrica Muntenia Sud with the Italian group Enel will be signed until the end of the year, after having been approved by Government and Parliament, Nine o' Clock reports.…
Romania: State Aid for Thermoelectrica to Comply w/EU Norms
The state aid for restructuring foreseen in case Termoelectrica complies with the European norms, since this is not a plain debt writing off, Codrut Seres, Minister of Economy said at the inauguration ceremony of an upgraded group belonging to Paroseni heat supply plant, Nine o' Clock reports.…
Bulgaria: Dorma to Expand Production Ops
Dorma, the German producer of door systems and solutions, plans to further expand its production operations in Bulgaria.…
Romania: Accession Will Make Bourse-listed Stock More Expensive
The immediate effect of EU accession will be the price increase for stock listed on the Romanian Stock Exchange, which will bring more investors on the Romanian capital market, the flotation of more companies, but that will also drive other companies off the bourse ring, assert market actors cited by NewsIn, ACT Ìedia news agency reports.…
Romania: SIFs Need €670 mil to Enter IPOs
Public initial offers could be the necessary boost for the Financial Investment Societies (SIFs), that need some 550 - 670 million euros for investments, analyst Bram Buring from investment bank Wood Co., ACT Media News Agency reports.…
Romania: PPF Investments Targets 25% Stake in Romexterra Bank
Private equity company PPF Investments estimates that the public offer it unfolds until October 6 will give them 25% of Romexterra Bank, ACT Media news agency reports.…
Romania: Budget Surplus Stalls Loans on Foreign and Domestic Mkt
The Finance Ministry expessed its favour of bond issues on both the foreign and the domestic market, but the current legislation does not allow this operation at a time when there is a budget surplus, stated Finance Minister Sebastian Vladescu, ACT Media news agency reports.…
Romania: WB's Bonds to be Listed on BSE
The National Securities Commission (NSC) approved the listing on BSE of the bonds issued in RON by the World Bank.…