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August 9th, 2005

Foreign investments up 35% in the first half of 2005

 

The Romanian Agency for Foreign Investment aims at attracting a volume of foreign direct investments of EUR 3.2 bln - EUR 3.8 bln.

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August 9th, 2005

CEC expects letters of intent for its privatization by August 31st

 

The participating banks must be internationally known financial institutions.

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August 8th, 2005

Romanian government approves strategy to reform public procurement system

 

The strategy aims at law and institutional adjustment, the adoption of the EU practices in the field and at streamlining efficiency, transparency and competitiveness of the public procurement system.

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August 8th, 2005

Romanian Competition Council endorses HVB Tiriac

 

The merger of HVB Bank and Banca Tiriac resulted in the 4th largest player on the Romanian banking market.

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August 7th, 2005

Romanian government approves setting up of Holocaust institute

 

The main activity of the institute is the research into and the examination of the Holocaust.

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August 4th, 2005

Austrian Chancellor voices conviction that Romania and Bulgaria's accession to EU will happen on January 1, 2007

 

The themes of interest for the Austrian presidency of the EU - the development of the Danube infrastructures - is advantageous for Romania’s accession to the EU and its economic development.

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August 2nd, 2005

Romanian bank BCR ready for privatization
 
A number of leading international banks are vying for a major shareholding in Romania’s largest bank.

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July 28th, 2005

New harsher law to fight tax fraud

 

Fiscal evasion will be punished by jail

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July 26th, 2005

Romania's GDP estimated to advance 8.3% in 2005

 

Romania's industrial output is expected to advance 5.7% in 2005, while agriculture output is projected to grow by 2.8%.

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July 6th, 2005

Conditions for foreign direct investment in Romania to be improved

 

Romanian Agency for Foreign Investments and Foreign Investors Council work together to identify the investment priorities for each area and grant more facilities to investors

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News - full article
 

August 4th, 2005

 

Austrian Chancellor voices conviction that Romania and Bulgaria's accession to EU will happen on January 1, 2007

 

"Austrian Chancellor Wolfgang Schussel has voiced confidence that Romania and Bulgaria will meet their pledges assumed under the accession treaty to the EU and will secure the success of the EU enlargement policies by entering the EU on January 1, 2007," Romanian Foreign Minister Mihai Razvan Ungureanu said on August 2nd in Salzburg after a meeting of the Stability Pact for South-Eastern Europe.

 

Ungureanu mentioned having discussed the take-over by Austria of the rotating presidency of the EU in early 2006, with Schussel and Austrian Foreign Minister Uirsula Plassnik, as well as the opportunity this presidency will offer to the boost of co-operation among Danube countries. Austria is “very much in favor of Romania’s accession to the EU in 2007” Romanian foreign minister stated.

 

"Austria will take a clear stance on Central Europe, and the Austrian experience with Central European co-operation projects will offer a chance for cross-Danube collaboration," Ungureanu said.

 

The Romanian chief diplomat said the themes of interest for the Austrian presidency of the EU - the development of the Danube river, port, road and railroad infrastructures - is to the advantage of Romania's accession to the EU and its economic development.

 

(Sources: Rompres, Nine O’Clock)

 



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