Archive » September 2006 » 27 September 2006 The english news from 27 September 2006
Romania: Iasi Receives a €15 mil EBRD Loan for Transport Infrastructure Upgrade
The City of Iasi signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for a loan of €15.0 million and intends using the proceeds for tram infrastructure rehabilitation, management and supervision assistance.…
Romania Ranks 68th Among Most Competitive Countries
Romania ranks 68th in the top of most competitive countries from an economic point of view, a position lower than last year, according to a classification made by World Economic Forum among 125 developed countries, Nine o' Clock reports.…
Romania: RBL Awards First House Loan
Raiffeisen Banca pentru Locuinte (RBL) awarded its first home purchase loan and received more than 100 applications for such loans, RBL Vice-President Wolfgang Melzer stated, Nine o' Clock reports.…
Romania: BNR Establishes Tighter Lending Conditions
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, ACT Media news agency reports.…
Romania: Dan Ostahie Gives 30% Stake of Credex Finantari to Raiffeisen
The owner of the Altex chain of stores, Dan Ostahie, turned 30 per cent of the stock of Credex Finantari Company over to the Raiffeisen Romania Bank, under a recent decision by the Cedex Finantari stockholders, Nine o' Clock reports.…
Croatia: Iso Clima Produces Car Glass for Mercedes McLaren
Iso Clima, a majority owner of Croatian company for production of flat glass Lipik Glass, said that a test production after modernisation of the company was complete and a contract signed with Mercedes McLaren, for which car glass would be produced, 'Croatia Today' reports.…
Romania: Gabriel Resources Starts Mine Construction in '07
Gabriel Resources, owner of the Rosia Montana mining project, intends to acquire by the end of this year the ownership rights on the land needed in order to start mine construction works next spring, company chairman Alan Hill announced, Nine o ' Clock reports.…
Romania: 25 Largest Co's Accounted for 1/4 of GDP in '05
The 25 largest private companies in Romania last year accounted for close to one quarter of the GDP, with their turnover totalling EUR 20 bln, according to an analysis carried out by ‘Business Magazin’ (BM).…
Romania: Spanish Riofisa and Tiriac Invest €260 mil in Real Estate Project
The Spanish real estate promoter Riofisa will develop, in partnership with the firm Tiriac Investments Limited, two real estate projects at Timisoara and Brasov, amounting EUR 260 M, announced the Spanish company, Nine o' clock reports.…
Romania: Tractorul Brasov Receives €1 Loan from CB
Tractorul Brasov Co. contracted a loan of €1 mil from Carpatica Bank, needed to pay the utilities, but also for the acquisiton of raw materials to be able to continue the production process, ACT Media news agency reports.…
Romania: Cosmote Signs Cooperation Agreement w/Voxline Comm.
Cosmote Romania, the local subsidiary of Greek mobile telephone operator Cosmote, signed a partnership agreement with domestic company Voxline Communications, specialised in SMS marketing services.…
Romania: EIU Estimates 5.2% Economic Growth for '06
Economist Intelligence Unit (EIU) expects Romania's economic growth to be 5.2 percent in 2006, followed by a 5.5 percent growth in 2007, resulting from an increase in investments and exports, reads the Romanian Business Digest report.…