Radu Gratian Ghetea, the president of CEC Bank and of the Romanian Banking Association (ARB), said yesterday that the First House 4 programme might be launched in a few days. During an event dedicated … [Read more...]
Bulgaria Gets Three Times More EU Money For Infrastructure Than Romania
May 19, 2011 By Leave a Comment
By the end of last year, Romania managed to absorb 1% of EU funds available for the Transport Ministry, that is almost EUR 47 million, while in Bulgaria the absorption rate had reached 7%, almost EUR114 … [Read more...]
Mayors invited to apply for Fiecare Copil in Gradinita funds
May 15, 2011 By Leave a Comment
Ovidiu Rom and the Ministry of Education have invited all the mayors in Romania to apply for grants to help them get every poor child in their community, age 3-6, into preschool and kindergarten. This … [Read more...]
Romania Risks To Pay Back 1.5 bn Euro If EU Projects Are Not Completed In 2011
May 10, 2011 By Leave a Comment
According to the head of the IMF evaluation mission, Jeffrey Franks, Romania risks having to return 1.5 billion Euro is some EU-funded projects are not completed this year. He said that the government … [Read more...]
Money Being Brought From Abroad
April 27, 2011 By Leave a Comment
The amount of non-residents' medium and long-term deposits hit a new all-time peak in February, of 8.4bn Euros. This is in fact reflecting funding raised by domestic banks from shareholders. At the end … [Read more...]
Romanian Highway Construction To Speed Up
April 14, 2011 By Leave a Comment
On Tuesday, Romania’s highways company, CNADNR, announced who will be the construction companies tasked with building four segments of motorway in the west of the country near the border with Hungary. … [Read more...]
Dacian Ciolos: Romania Should Increase The Use Of EU Funds Or Risks Losing The Money
March 7, 2011 By Leave a Comment
European Commissioner for Agriculture and Rural Development Dacian Ciolos said on Friday in a press conference at the European Commission Representation in Romania, that our country risks losing European … [Read more...]
Shell Profits Double In An Year
February 4, 2011 By Leave a Comment
For 2010, oil giant Shell reported profits almost double, from $9.8bn to $18.6bn (£11.5bn). This is partly thanks to rising oil prices and output. Peter Voser, Shell chief executive, said the company … [Read more...]
How Much And Who Gained Anything In The Four Days Since The Fondul Proprietatea Listing
January 31, 2011 By Leave a Comment
Fondul Proprietatea on the Bourse starting January 25 gave the market a boost and brought significant gains to all participants. From brokerages, to the BSE and CNVM, the 500m RON traded in four days on … [Read more...]
