Articolele autorului Andrei Cîrchelan
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Romanian Authorities Allot EUR400M In Company Incentives
Romanian authorities decided to allot EUR292.6 million for small and medium-sized companies and large firms, and EUR100 million for the renewable energy segment, out of the sectorial operational program "Increase of Economic Competitiveness," the Economy Ministry announced Monday. citeşte tot
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Romania Sept Adjusted Construction Works Down 15.1% YY
Romania's construction output fell 15.1% in adjusted data in September compared with the same month a year earlier, with decreases in all sectors, the National Institute for Statistics said Monday. citeşte tot
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Romanians To See Improved Living Standards In ’12 - Ctrl Bk Gov
Romanians will notice an improvement in their living standards in 2012, even thought the economy could start recovering in 2011, said Friday central bank governor Mugur Isarescu. citeşte tot
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Romania Ranks 44 In World Economic Forum’s Financial Development Chart
Romania has ranked 44 after being included this year, for the first time, in a World Economic Forum chart of the 57 most developed financial markets worldwide. citeşte tot
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E.ON Gaz Romania, E.ON Moldova Furnizare To Merge
Gas distributor E.ON Gaz Romania and electricity supplier E.ON Moldova Furnizare, subsidiaries of German utilities group E.ON, will merge with a view of delivering integrated energy supplying services. citeşte tot
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Bucharest Flat Prices Fell 12% In 10 Months - Survey
Asking prices for flats in Bucharest dropped by an average 11.8% in the first ten months of the year, to some EUR1,315 per square meter, according to data provided by real estate website imobiliare.ro. citeşte tot
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Romanian PM Pledges To Sell Or Reorganize State-Owned Cos
The Romanian Government will continue the privatization or restructuring of state-owned companies, but will keep majority stakes in strong firms such as gas transporter Transgaz (TGN.RO), Prime Minister Emil Boc said Monday after negotiations with the International Monetary Fund. citeşte tot
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IMF Requests Sale Or Liquidation Of Monitored Romanian Cos
Romanian state-owned companies monitored by the International Monetary Fund and the European Commission widened losses in the last months, prompting the financial institutions to recommend their privatization or liquidation, Monday said Jeffrey Franks, chief of the IMF delegation to Romania. citeşte tot
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Vodafone Romania Names New CEO
Telecom operator Vodafone Romania appointed a new chief executive starting with December 1, when Liliana Solomon is replaced by Inaki Berroeta, the head of Vodafone Malta, the local company announced Monday. citeşte tot
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Romanian Hidroelectrica To Invest EUR18M In Wind Turbines
Romanian hydropower generator Hidroelectrica could invest some EUR18 million in the next years to set up wind turbines on its hydropower plants along the river Siret, company operational director Dragos Zachia said Thursday. citeşte tot
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Romanian Transelectrica Has Tough Time Getting Funds - Director
Romanian state-owned power grid operator Transelectrica (TEL.RO) is having a tough time securing financing, thus it can only cover a minimum level of investment, company official Dan Preotescu said Thursday. citeşte tot
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Romania Industry Seen Up In Q4, Constr, Retail To Fall
Romanian managers said they expect a slight growth in industry, a relative stability in the services sector, and decreases in the retail and construction sectors, according to the business outlook for October-December released by the National Statistics Institute. citeşte tot
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Romania Govt Receives Interest In Oltchim - State Secretary
Two investment funds, including a U.S.-based one, are interested in buying stakes of Romania chemical company Oltchim Ramnicu-Valcea (OLT.RO), should it be privatized, Monday said Karoly Borbely, state secretary within the local Economy Ministry. citeşte tot
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Nabucco Consortium To Lobby EU For Additional Funding
The Nabucco consortium will lobby the European Union for additional financing, aside from the EUR200 million already allotted by the EU, consortium spokesman Christian Dolezal told a news conference in Bucharest Monday. citeşte tot
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Romania 9-Mo Passenger Car Sales -23% YY To 78,152 Units
Romanian new passenger car sales fell 23% on the year to 78,152 units in the January-September period, the Automotive Manufacturers and Importers Association, or APIA, said Friday. citeşte tot
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Romanian Economy Ministry-Owned Cos Met Budget Targets - IMF
The three companies controlled by the Romanian Economy Ministry under monitoring by the International Monetary Fund have met the personnel spending targets established, said Thursday Mihai Tanasescu, Romania's representative to the IMF. citeşte tot
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Romania, IMF Discuss Oltchim Privatization
Romanian authorities and representatives of the International Monetary Fund discussed Thursday about the privatization of Oltchim (OLT.RO) and Cuprumin, as well as stake sales in other state-owned energy companies, the Economy Ministry said in a statement. citeşte tot
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Romanian Minimum Wage Hike Would Daunt Employment - IMF
A boost in the Romanian minimum wage from the current 600 lei (EUR1=RON4.2940) could discourage employment, thus authorities should be cautious when making such a decision, said Wednesday Jeffrey Franks, head of the IMF mission to Romania. citeşte tot
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Romanian Gas Prices Should Not Go Up This Winter - Econ Min
Romanian Economy Minister Ion Ariton told a press conference Tuesday that, in his opinion, natural gas prices should not grow this winter, on any consumer segment. citeşte tot
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Romania OMV Petrom To Hike Gasoline Prices By RON0.06/Liter
Romania’s largest oil company OMV Petrom (SNP.RO) Friday will raise its gasoline pump prices by 0.06 lei (EUR1=RON4.2765), the company said in a statement. citeşte tot
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Romanian State-Owned Railroad Cos Owed RON5.6B In Aug
The state budget debts owed by the three Romanian state-owned railroad companies, CFR SA, CFR Marfa and CFR Calatori, cumulated 5.6 billion lei (EUR1=RON4.2765) at the end of August, while the overall loss reached RON721 million, according to local Transport Ministry data. citeşte tot
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Bucharest Historic Center Rents Rise, Defying Trend - CBRE Romania
Bucharest’s historic center is the only area in the city where retail rents have grown since 2008, following ongoing rehabilitation and upgrade works, according to real estate consultancy firm CB Richard Ellis Romania, or CBRE. citeşte tot
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Rompetrol Needs Not Pay Its Debt To Romania - Ex-Owner
Businessman Dinu Patriciu on Tuesday said oil company Rompetrol, owned by Kazakh KazMunayGas, has the contract-stated right not to pay the debt claimed by the Romanian state. citeşte tot
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EU Asks Romania For Details On Consumer Lending Ordinance
The European Commission sent Romanian authorities a letter asking for further details on the transposition of a European directive into local legislation through Government Emergency Ordinance 50/2010 on consumer lending contracts. citeşte tot
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Survey Puts Bucharest In Bottom Tier Of Go-To Cities For Business
Bucharest is second to last in a chart of Europe’s top-36 destinations for business, according to European Cities Monitor survey released Monday by real estate consultancy firm Cushman&Wakefield. citeşte tot
