Shell Profits Double In An Year
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...
View ArticleDacian Ciolos: Romania Should Increase The Use Of EU Funds Or Risks Losing...
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...
View ArticleRomanian Highway Construction To Speed Up
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....
View ArticleMoney Being Brought From Abroad
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...
View ArticleAuction For Play in Romania
Tomorrow, an auction of promises is taking place at Malton School. The goal is to raise funds for a group of Ryedale students who will be running a play scheme in Romania. Nine students from the...
View ArticleRomania Risks To Pay Back 1.5 bn Euro If EU Projects Are Not Completed In 2011
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...
View ArticleMayors invited to apply for Fiecare Copil in Gradinita funds
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...
View ArticleBulgaria Gets Three Times More EU Money For Infrastructure Than Romania
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...
View ArticleFirst Home 4 Programme May Resume
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...
View ArticleThe EC will reimburse EUR 172 mln in Romania’s Transport Operational Program
The European Commission (EC) has approved the reimbursement of EUR 172 million worth of EU funds under the Transport Operational Program. Another EUR 25.7 million is pending approval from the EC, and...
View Article