Search Results for: Romanian

BY ALAN OSBORN

The proposed acquisition of EMS, a Romanian utility engaged in the distribution and retail supply of electricity in the south of the country, by the Italian electricity giant Enel, has been cleared by the European Commission. Brussels said the two companies’ activities overlapped in the retail supply of electricity but there were no grounds for concern as "there are several other strong competitors present."…

BY DAVID HAWORTH, in Vienna

AUSTRIA boasts a relatively low commercial crime rate. However its position as one of Europe’s crossroads is threatening this good reputation. Today it’s geographically and politically wedged between some older and some more recent European Union (EU) member countries.…

BY MARK ROWE

CADBURY Schweppes has welcomed the increase by its subsidiary Vantas International in Romanian chocolate confectionery producer Kandia-Excelent just weeks after a buy-out bid for the company expired. Vantas International, a fund controlled by Cadbury Schweppes, increased it stake in the burgeoning chocolate producer to 95.73% from 93.32%.…

BY KEITH NUTHALL

EUROPEAN Union (EU) ministers have backed the European Commission’s move to introduce private storage aid for pigmeat to fight current low prices. Under the programme, pigmeat producers can claim EU aid when storing meat for between three and five months.…

BY KEITH NUTHALL

THE EUROPEAN Bank for Reconstruction and Development (EBRD) is investing Euro 20 million into boosting the size of Romania’s beer malting industry. The money will go to Soufflet Malt Romania SA, the country’s second largest malt producer and majority-owned by Compagnie Internationale de Maltieres SA, of France.…

BY KEITH NUTHALL

THE STEREOTYPE of Europeans favouring public transport over private cars is deeply flawed according to a new European Commission-funded opinion poll that interviewed 25,767 people. Pollsters Gallup not only confirmed that private motor transport is the most widespread means of making journeys in the EU (53% of those polled drove rather than cycled, walked or took public transport), 22% of these motorists would not drive less, even with dramatic improvements to rail, bus, air and boat transport.…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked to extend to new EU member states Bulgarian and Romania a convention that would effectively prevent these countries’ lorry drivers from working in the rest of the EU, if they receive driving bans while working outside their home countries.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$50 million to American oil and gas producer Toreador Resources Corporation helping it develop natural gas resources in the Black Sea’s South Akcakoca Basin, off Turkey’s European coast.…

BY KEITH NUTHALL
THE EUROPEAN Commission is demanding that Romania reforms its car registration taxation, which it thinks deters the import of second-hand cars, a key issue for fleets wanting to offload older vehicles. Romania is potentially a major market for EU used cars, given its 22 million population and lower wages.…

BY MARK ROWE
MEMBERSHIP of the European Union (EU) appears to represent something o a ‘promised land’ for the nations of the Balkans. A major sticking point for countries pushing for membership, though, is corruption, and in particular efforts to push through practical and applicable anti-fraud legislation.…