Archive » October 2006 » 05 October 2006 The english news from 05 October 2006

  • Romania: Rafo Onesti to Invest over $30 mil in Modernization

    SC Rafo SA at Onesti (northeast of Bucharest) invested more than 30 million dollars in 2006 in new technologies and till this year-end almost 150 million dollars more are to be allocated to the same end, ACT Media news agency reports.…

  • Romania: Proprietatea Fund Listing Postponed to Oct. 2007

    The Romanian officials and the representatives of Proprietatea Fund stated that the listing of the funds shares on BSE will be postponed until October 2007.…

  • Romania Cooperates in Competition Field w/Bulgaria

    The Competition Council hosts over October 3-5 a seminar on anti-trust issues with the participation of Romanian and Bulgarian experts, the Competition Council reports, ACT Media news agency reports.…

  • Romania: Factoring Market Amounts to 550 mln

    The factoring company IFN SA was officially inaugurated on Wednesday, being the first Romanian company specialized in factoring services,a member of Factor Chain International, ACT Media news agency reports.…

  • Romania: Tarom to Cut its Prices by Half and to Expand

    Romanian airline company Tarom will cut its prices by half starting next week, it was announced today. Transport minister Radu Berceanu explained for HotNews.ro that the move was necessary because Tarom services are outdated and the company may fail to keep up with the competition after the country joins the EU in January next year, HotNews Romania reports.…

  • Romania: 3 bln Commercial Exchanges with Hungary in 2006

    The commercial exchanges between Romania and Hungary will reach nearly 3 billion euros by year-end, since Romania is both an export market and a country to cooperate with in the European Union, once it gains EU membership, Hungarian ambassador in Bucharest Terenyi Janos told an economic conference on Wednesday on "Accession to the European Union - A Support for the Development of the Romanian-Hungarian Relations", ACT Media news agency reports.…

  • Romania: Carrefour to Reach 1bn in 2010

    Hypermarket network Carrefour Romania estimates sales worth one billion euros in 2010, as a result of the increase in the number of outlets, according to Ziarul Financiar.ro reports.…

  • Romania: Tighter Conditions for Retail Credits as of October

    The National Bank of Romania (BNR) established tighter conditions for lending to the population, by including all costs incurred by loans raised by individuals - financial leasing contracts included in the ceiling for the assessment of a client's reliability, according to Rompres.…

  • Romania: Irish Build Biggest Luxury Hotel in Bucharest

    RI Investment Grup, a company controlled by Irish investors, is developing a project estimated at 100 million euros in the Splaiul Independentei area in Bucharest, according to Ziarul Financiar.ro reports.…

  • Romania: Invention Show - TIB 2006

    The research innovation activity and the development of these fields represent governmental priorities, Prime Minister Calin Popescu Tariceanu has stated today, further to his visit to the Invention Show - TIB 2006, according to the Government of Romania press release.…

  • Romania: Enel to Invest 24 mil in Wind Energy Project

    Enel, the Italian utilities giant with the biggest portfolio in the domain of electrical power distribution and supplying on the domestic market, is starting its first renewable energy generation project, aiming to produce wind energy, ACT Media news agency reports.…

  • Romania: Pilot Project of $470,000 Earmarked for Mining Areas Development

    Romania's National Agency for the Redevelopment of Mining Zones (ANDZM) and US company Applied Ecological Services signed an agreement for the implementation of a pilot project worth $470,000 for the redevelopment of the preponderantly mining local communities of Gorj County, ACT Media news agency reports.…

  • Romania: Avg Net Salaries Fall 0.1% m/m in Aug.

    The average net salary in Romania fell 0.1% m/m in August to 841 lei from 842 lei in July, showed data released by the National Institute of Statistics.…

  • Romania: Black Sea Tourism Co. to Sell Assets Valued at over 15 mil

    Romanian Black Sea Tourism Company of Hotels and Restaurants will put up for sale, via public auction, five hotels at the seaside and the corresponding plots of land, plus a series of restaurants, bars and other assets at a total price of about 15 million.…

  • Romania: Inflation to Stand at 4-6%, Estimates C-bank

    Romania's inflation was likely to reach by the end of the year the 4-6 percent target if major shocks, mainlly related to oil prices don't happen, deputy central bank governor Cristian Popa said.…

  • Romania: Investement of $15 mil Goes into Cernavoda Plant

    Romanias Economy Ministry along with the company that will build reactors 3 and 4 at Cernavoda nuclear power station will invest $15 million in 2007 in order to prepare the station for the construction that will begin next year, according to a MEC statement.…

  • Romania: Gov't to Invest 200mln in 20 Mining Areas Infrastructure

    The Romanian Government approved the carrying out of a project worth 200 million euros for infrastructure development in 20 mining areas, Director General of the National Agency for the Redevelopment of Mining Zones (ANDZM) Marcel Hoara announced, ACT Media news agency reports.…

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