| 8 May 2006 |
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Economic news
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New
Bucharest Airport By 2026
Bucharest
Mayor Adriean Videanu recently announced
a new airport might be built in the south
of the city, in view of the considerable
increase Romania will see in the number
of passengers.
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IMF:
Romania To Have A 6.5 Percent Inflation
Rate
Romania's
inflation rate should decrease to 6.5 percent
this year, surpassing the official forecast,
if Romanian authorities adopt the recommendations
of the International Monetary Fund, including
a balanced budget for 2006.
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Q1 Budget Surplus
Exceeds €600 Mn
The Finance Ministry announced the figures
on the state budget after the first three
months of the year, reporting a situation
rather seldom met in Romania’s post-1989
history, namely an over EUR 600 M budget
surplus, accounting for close to 0.7 per
cent of GDP, Nine o'Clock reports
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| 10 May 2006 |
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Turks
Expand Surface Of Bucuresti Mall
Bucuresti Mall, the first shopping
centre of its type in Romania, will increase
its amount of retail space in the wake of
an investment estimated at 10 to 20 million
euros, say sources on the market. Anchor
Grup, the company, which owns the shopping
centre, has already started work to expand
the retail space of Bucuresti Mall by some
6,000 square metres, extending its current
retail area by more than 20%.
More information here >>
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Romania Will Receive
From EU €4bn For Transport
In 2007-2013 Romania will receive structural
funds worth €4bn to be used for the transport
sector over 2007-2013, said the expert in
transport of the European Commission delegation
to Romania Tudor Radu during a seminar on
the local infrastructure development, organized
by the Chamber of Commerce and Industry
in Bucharest, ACT Media news agency reports.
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| 22 May 2006 |
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Economic News
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GDP
Worth 136bn Euros
In 2010 Romania's economy will stand at
some 136 billion euros in 2010, 72% higher
than the figure seen last year, reveal the
current estimates of the National Prognosis
Commission. By 2010, the economy will see
an annual growth pace of over 5.5%, and
the engines behind the growth will be constructions
and services. More
information here >>
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World Bank To
Finance Romanian Infrastructure Project
The Ministry of Transportation, Construction
and Tourism (MTCT) wants to obtain a 180
million dollar credit from the World Bank
for the financing of maintenance projects
for road and rail infrastructure, according
to Minister Gheorghe Dobre.
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| Real Estate News |
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Luxury
Flat Prices Set To Rise
In Romania of 2010, the medium-income segment
of the population will benefit from the
strong development of the residential sector.
Real estate developers will be coming up
with projects for the areas in which authorities
have announced investments in infrastructure.
More
information here >>
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Enterprise
Investors Looks To Raise EUR 600 Million
Regional Fund
Enterprise Investors is looking to raise
a regional fund worth EUR 600 million, according
to the financial institutions’ representatives
More
information here >>
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| 25 May 2006 |
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Economic News
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Foreign
Investments, 143% Higher Than In 2005
According to data from the National Bank
of Romania, the volume of foreign investment
attracted in the first quarter of this year
climbed to 1.7 billion euros, a 143% increase
against the same period last year. More
information here >>
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Real Estate News
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Indian Towers
Rise With EUR 100 Million Investment
Indian firm Asmita will start construction
work on one of the few high-rise residential
buildings planned in Bucharest so far, the
company announced last week. The Asmita
Gardens project, a EUR 100 million investment
from the Indian company, will comprise seven
buildings with up to 24 floors, to be delivered
in two stages by 2009...
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Offices Built
Over Excelsior Theater
Israeli firm Ashtrom will build a 12-storey
building in partnership with the Bucharest
municipality in downtown city, company representatives
said last week. The investment could reach
some EUR 11 million, and will include rebuilding
the Excelsior Theater, which was demolished
last year, said Isaac Soffer, the company’s
representative in Romania...
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| 25 May 2006 |
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Economic News
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Battle
Of The Banks Over Personal Accounts Worth
Several Million Euros
At least half a billion euros. That is
how much the accounts are worth that the
big banks are managing for their over 3,000
individual customers with at least 100,000
euros in cash each. More
information here >>
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| 29 May 2006 |
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Economic News
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Scheele: Romania
Must Become Europe's 7th Economic Power
The head of the European Commission's Delegation
in Romania, Jonathan Scheele, on Friday
said for Romania to become a real European
country, it needs to defeat its most overwhelming
complex, which is lack of self-confidence.
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| 29 May 2006 |
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Economic News
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Mahindra Wants
To Continue Negotiations
Indian-based company Mahindra & Mahindra
reaffirmed its interest in taking over the
tractor producer Tractorul Brasov, in spite
of Romanian authorities having suspended
the negotiations because of a request regarding
the exemption of approximately 180 million
euros in debts owed by Tractorul.
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| 29 May 2006 |
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Economic News
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High-Speed Railways,
Starting 2015 CFR SA wants to conduct a
feasibility survey for the development of
a high-speed railway in western Romania
to connect Brasov (central Romania) and
Romania's border with Hungary, ACT Media
news agency reports. One km of high-speed
railway costs about EUR 15 mln as compared
with round 4 million as normal railway costs.
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Real estate News
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Terra Invest Co.
To Build Commercial Park In Bucharest
The Romanian-German Terra-Invest Co. intends
to build a commercial park of a power centre
type in Bucharest, on an investment put
at some 10 million euros.
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