Archives for News

Britain is willing to offer specialised technical expertise and consultancy for developing projects under a public-private partnership (PPP) in Romania, UK’s ambassador in Bucharest Martin Harris said at a meeting with Romanian Minister-delegate for Infrastructure Projects of a National Interest and Foreign Investments, Dan Sova. According to a release issued by Sova’s Department, the ambassador’s proposal comes as the Romanian authorities have made efforts to modify the public-private partnership law and it considers the over 30-year experience of the United Kingdom in the PPP implementation. Sova and Harris discussed about the European situation and Romania’s priorities with respect to the
Read More

The appreciation of RON versus the EURO is a good thing for those with EURO loans at the bank, but less good for exporters, said Prime Minister Victor Ponta at the beginning of the Government meeting. “It’s a good thing for those who have to repay their loans, be it individuals or companies. However, it’s less good for exporters, but importantly it sends a message of confidence in Romania and in its stability”, said the Prime Minister. RON appreciated on Monday versus the EURO by 1.42 bani (0.33 percent), the National Bank announcing an exchange rate of RON 4.3224 for
Read More

In Romania, in 2011, there were identified 21,277 groups of enterprises, out of which 5,555 all-resident enterprise groups and 15,722 multinational enterprise groups (101 domestically controlled and 15,621 foreign controlled), according to data made public by the National Institute of Statistics on Tuesday. Most of all-resident enterprise groups are formed by 2 or 3 enterprises. In 2011, 26 percent of enterprises groups identified in Romania were all-resident and 90 percent of them had 2 or 3 enterprises. Most of enterprise groups from Romania activate in trade, manufacturing or construction. In 2011, the biggest share of enterprise groups was identified in
Read More

The Calafat-Vidin bridge over the Danube, linking Romania and Bulgaria together, is 99 per cent complete as far as Romania is concerned, according to Romania’s Transport Minister Relu Fenechiu. ‘There are just some connections left for us to do that can be done only after the Bulgarian colleagues come with power and wires,’ Fenechiu told a press conference. He said that the company to keep up the bridge is a Bulgarian-Romanian joint stock company based in Vidin and having a representation office at Calafat. ‘The company is currently being set up,’ said Fenechiu. Romania’s participation to the budget of the
Read More

The National Bank of Romania will put into circulation, on April 29, 2003, for numismatic purposes, a silver coin dedicated to the 175th anniversary of Nicolae Grigorescu’s birth. The coin will have a face value of 10 lei, round shape, 37 mm in diameter and it will weight 31.103 g. On the observe there will be found a graphic composition suggestive of a palette, featuring the image of the ‘Nicolae Grigorescu’ Memorial Museum in Câmpina; the face value ’10 LEI’; Romania’s coat of arms; the inscription ‘ROMANIA’ and the year of issue ‘2013’. On the reverse there will be found
Read More