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18:47, 20.08.2008 Romaniaas Ctrl Bk OKs New Credit Risk Limit RegulationBUCHAREST / 18:47, 20.08.2008 Romaniaa€™s central bank board approved on Wednesday the new regulation regarding the credit risk limitation for household lending. The new regulation will be published in the Official Gazette at the end of the week or the beginning of the next, sources said According to the new... [related news and comments]
17:50, 20.08.2008 Romanian Education Min Proposes The Construction Of "University Towns"BUCHAREST / 17:50, 20.08.2008 The Romanian government approved the proposition issued by the education minister for the creation of an interministerial committee that would analyze the unfolding of a project aiming to build university campuses outside major cities. The new campuses could be built outside Bucharest... [related news and comments]
17:19, 20.08.2008 Transdniestrian Conflict Mechanisms Pushed To The Limit - Romanian PresidentBUCHAREST / 17:19, 20.08.2008 The conflict in Transdniester has all its mechanisms driven to the limit and is likely to break out, but currently lacks political conditions, Romanian president Traian Basescu said Wednesday in Kiev after the meeting with Ukrainian President Viktor Yushchenko. A Basescu said the... [related news and comments]
16:03, 20.08.2008 Romanian President Says South Ossetia Peace Forces aInefficientaKIEV / 16:03, 20.08.2008 Romanian President Traian Basescu Wednesday said European Uniona€™s current peace mechanisms have proven ineffective for the conflict in Georgian breakaway province of South Ossetia. "I have seen the inefficiency of the current peacekeeping mechanisms in South Ossetia, Abkhazia and, I must... [related news and comments]
15:56, 20.08.2008 Romanian CFR Calatori Mulls Upgrading 46 Trains For RON509MBUCHAREST / 15:56, 20.08.2008 Romaniaa€™s state-owned passenger railway company CFR Calatori plans to upgrade 46 trains in the next four years, for an estimated contract value of 509.24 million lei (EUR1=RON3.5238), coming from state budget. Thus, CFR Calatori will launch a bid in October. The contract will be... [related news and comments]
15:33, 20.08.2008 Drugs Worth Over EUR150,000 Seized In W RomaniaBUCHAREST / 15:33, 20.08.2008 Local organized crime police identified 14 drug dealers and confiscated 4.2 kilograms of hashish worth over EUR150,000 in western Romania, in the town of Oradea, local police said Wednesday. A The group trafficking high risk drugs was caught in February, following an operation called... [related news and comments]
15:22, 20.08.2008 Romania Halts SAPARD Payments To Fix Deficiencies Notified By ECBUCHAREST / 15:22, 20.08.2008 Romanian authorities temporarily suspended payments to beneficiaries of the SAPARD program until the resolution of payment authorization technical deficiencies signaled in the European Commissiona€™s audit report, Finance Ministry state secretary Alice Bitu said Wednesday. "It’s... [related news and comments]
15:21, 20.08.2008 Romanian Pwr Grid Unable To Manage Future Wind Pwr ProductionBUCHAREST / 15:21, 20.08.2008 The national power grid will not be able to manage the high volume of wind farms production for which Romaniaa€™s state-owned power grid operator Transelectrica got requests, the companya€™s representatives said. Transelectrica got requests for connecting wind turbines with a total... [related news and comments]
Increase in reserves drives MKB Romexterra Bank into the red - AziMKB Romexterra, the local branch of the German Bayern LB group, posted losses worth 27.3m RON (7.4m euros) in the first half of the year, following a significant increase in reserves made. In June 2007, the bank had posted a 12m RON (3.6m euros) profit. The bank derived an operating income worth 11.6m RON in the first... [related news and comments]
MOL reaches 125 filling stations after 150 million-euro investments - Azi[related news and comments]
Hidroconstructia"s real estate assets exceed 100m euros - AziThe real estate assets of Hidroconstructia, the biggest constructions company on the domestic market, which derived turnover worth 220 million euros last year, have been valued at more than 100 million euros by Darian company. The more than 180 properties the constructions company owns in several Romanian counties... [related news and comments]
Electronics among the best sellers in hypermarkets - AziElectronics and home appliances are the second-leading product category in the majority of networks in terms of sales value, left behind only by foods, which take up over 60 to 70% of the shelf space in such stores. Over the last two months, the best-selling product category in the Carrefour network, in terms of... [related news and comments]
Ioan Lazar makes 19m euros from transport - AziThe transport company of the Lazar International group based in Pitesti, one of the largest companies on the domestic market of such services, posted 19 million euro turnover in the first half of the year, compared with 14-15 million euros during the same time last year. "Our transport business will go up by 30% this... [related news and comments]
Asirom loses 7.4 million euros in six months - AziAsirom, the third leading player on the insurance market, ended the first half with a 7.4 million-euro loss (more than 27.2 million RON), after having posted 0.6 million euros (about 2 million RON) net profit in the corresponding period of last year. Asirom"s officials explain in the report filed with the Stock... [related news and comments]
Muller aims for top three - AziMuller, one of the leading producers of yoghurts in Europe, intends to have its own production facility. To that end, it is considering either a greenfield project or the acquisition of a local producer. "When Muller entered the UK market it took five years to build the factory. To us what is important now is to build... [related news and comments]
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