headlines
30 April 2007
EIB grants Romania more than 4.9 billion euros
The European Investment Bank (EIB) has granted in the 14 years of activity in
Romania more than 4.9 billion euros for the funding of some long-term projects
supported by the European Union.
Decathlon to open hypermarket in Romania
French group Decathlon will open next year the first hypermarket of sports equipment
in Romania, retailers on the market announced.
Fight for Credibility
One can hardly imagine a political scene more restive than the Romanian one is
nowadays. Let’s make a brief re-cap and say that the D.A. Alliance disbanded,
with one of the two member parties, the Democratic Party (PD), outside the government
arch, and the Tariceanu 2 Government was voted by a trans-party majority negotiated
in Parliament.
27 April 2007
Orange Romania customer base – 8.2 million
The customer base of the mobile telephone operator Orange Romania rose by 16.4
per cent in the first quarter, to 8.26 million from 7 million customers in the
year-earlier period, the company’s owner, France Telecom, announced.
Targoviste - Feature Article
Better known as the site of the trial and execution of the Ceausescus in December
1989, the town of Targoviste is one of Romania’s foremost historic locations.
The capital of Wallachia for approx. three centuries, Tagoviste also hosted the
residence of 33 rulers, from Mircea cel Batran to Constantin Brancoveanu.
26 April 2007
EUR 8 M programme to promote Romanian tourism
The Ministry for SME, Tourism and Liberal Professions will implement a programme
to support the Romanian tourism. The programme budget will amount to EUR 8 M in
2007
Volksbank estimates gross profit of EUR 22.11 M
in 2007
Volksbank Romania intends to make a gross profit of EUR 22.11 M compared to EUR
13.7 M in December 2006 with assets worth EUR 2.3 M compared to EUR 1.38 bln at
the end of last year.
Microchip inaugurates new design center in Romania
Microchip Technology Inc., a supplier of MCU and analog semiconductors, announced
it has inaugurated a design center in Bucharest, Romania.
Michelin Romania Truck, OTR Tyre Production up 23%
The factory, which focuses on the production of truck and OTR tyres, currently
has an annual output of 600,000 units. Speaking to local media, factory manager
Jana Popa painted an upbeat picture of the coming year.
24 April 2007
Construction of TransEuropean Transport Network
to cost 600 billion
Overall costs for the setting up of the TransEuropean Transport Network (RTE-T)
will amount to 600 billion euros by 2020, Florence Bonnefoy, representative of
RTE-T with the European Commission on Tuesday announced.
First 43 kilometers of Transylvania motorway completed
by end-2008
The first 43 kilometers of Transylvania motorway might be completed by end-2008
if the Romanian authorities resolve all problems related to land-expropriation,
communication director with Bechtel company in Romania Bogdan Zgarcitu said.
Henri Coanda, Aurel Vlaicu airport merger approved
The merger of Bucharest airports will become operational this May 10, as the shareholders
in Henri Coanda and Aurel Vlaicu airports approved the merger project yesterday,
Rompres reports. Minister of Transport Ludovic Orban stated that the merger can
only benefit the two airports.
Black Sea Defense & Aerospace - Exhibition &
Conference
Black Sea Defense & Aerospace - Exhibition & Conference (BSDA) is the
biggest Aeronautics, Defense and National and Private Security Exhibition in Romania
and aims at becoming one of the most important in Eastern Europe and Black Sea
Region.
20 April 2007
Romania MPs vote to suspend president
Romania was thrown into political uncertainty yesterday after its parliament voted
to suspend the president in the first step towards impeaching him. Opponents have
accused Traian Basescu of violating the constitution by fomenting instability,
spying on politicians and blackmailing the judiciary.
Five EU members ask for tough monitoring of Romania
The European Union is becoming more concerned about the development of justice
reform in Romania and Bulgaria and the measures taken against corruption in the
two countries, ‘Realitatea TV’ reported, quoting BBC.
EBRD sign agreement with E.ON Gaz Romania
The European Bank for Reconstruction and Development (EBRD) signed yesterday an
agreement thereby it takes over indirect participations of 5 per cent each in
the Romanian branches of E.ON Gaz Romania and electricity company E.ON Moldova.
Private health insurance - EUR 10 M in 2006
The Romanian private health insurance market doubled in 2006 to approx. EUR 10
M, according to preliminary data. “The private health insurance market is
the most dynamic segment of the market.
17 April 2007
Telecom enters most competitive period ever
Romania’s telecom market is reaching saturation point in the numbers of
its users, especially in mobile telecom, and the competition between operators
is strengthening.
Lifting of house-buying rules could see new rise
in prices
Romanian families will find it easier to buy a house following a central bank
(BNR) decision to cut the minimum down-payments for home purchasers.
How does the Bulgarian property market compare to
Romania?
While Bulgaria’s residential market could soon become saturated, Romania’s
remains the more inexpensive option.Tahi Ali, managing director at Bulgaria Revealed
and Romania Revealed property agencies, believes some areas south of the Danube
are overdeveloped.
15 April 2007
Great Wall Motors eyes foothold in Europe
While some of China's larger automakers intend to leap into the European car market
in coming years, Great Wall Motors, China's largest producer of SUVs and pick-up
trucks, is looking to sneak in by the back door.
When a poor country imports even poorer workers
As Romanians move to better paying jobs in the EU region, companies
shift to importing cheap Chinese labour to man their textile factories.
13 April 2007
Austrians Invest in Romania
In 2007, Romania will be the main destination for the Austrian investors among
the countries of Central and Eastern Europe.
Nokia confirms investment in Cluj
Nokia, the biggest global producer of mobile phones, will start construction work
on a mobile phone factory and a research centre located near Cluj.
Elimination of customs duties triples BDG's business
BDG, the importer of Jack Daniel's whisky and Corona beer, in Q1 of this year
registered 72% higher sales volume against the same period in 2006.
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