Search Results for: Romanian

BY KEITH NUTHALL
A PROACTIVE competition inquiry has been launched into the European Union’s (EU) natural gas sector, with the aim of rooting out anti-competitive practices. If the European Commission discovers instances of gas companies breaking existing EU competition law, legal action could follow.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend Romania’s European Drinks Group Euro 195 million to fund a long-term investment and expansion programme. Its aim, said a bank memorandum, was to ensure the drinks and food producer changed from “a (large) family run entrepreneurial company into a well organised large corporate”.…

BY MARK ROWE
THE YEAR 2007 will be a significant one for Romania. It is the year that the country is scheduled to join the European Union (EU); it is also the year that Romania’s second nuclear power unit is expected to come on line.…

BY KEITH NUTHALL
In another step expected to smooth the distribution of the country’s electricity, the World Bank’s Programmatic Adjustment Loan (PAL) programme for Romania will privatise all six distribution companies. In recent months, four European investors have taken over the companies that form the heart of the Romanian energy sector, in transactions totalling around €2.25 billion.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending up to Euro 20 million to help glass bottle manufacturer Stirom SA Romania, modernise a furnace and reform its distribution systems. In the latest of a string of investments by the bank improving the country’s packaging sector, Yioula SA, Greece, -owned Stirom may also use the money to buy additional capacity, said the EBRD.…

BY LIZ HALL
SPAIN’S paint and coating industry has every right to be self-congratulatory at present: the widespread investment and business improvements of recent years have paid off with the sector securing a well-earned place alongside its counterparts elsewhere in the developed world.…

BY ALAN OSBORN
IT’S fair to say that neither Bulgarian nor Romanian wine stands very high in wine-lovers’ affections at the moment. That wasn’t always so.

The wines were held in some esteem in the 80s, for instance, under the last years of communist rule, but standards have slipped pretty drastically in the score of years since then.…

BY KEITH NUTHALL
ROMANIA’S newly appointed minister for European integration has raised concerns that European Union (EU) demands for the country to slash its steel industry subsidies ahead of its anticipated EU accession in 2007 will cause widespread plant closures. Ene Dinga told Brussels news wire Euractiv (CORRECT SPELLINGS) that this was of “particular concern” to him, as it is anticipated that at least 8,500 out of the current 52,000 Romanian steel industry jobs will go.…

BY KEITH NUTHALL
WHILE discussions continue over how to ensure the security of energy supplies to the European Union (EU), Brussels institutions are sinking money into one sure bet, eastern Europe and the former Soviet Union. The European Bank for Reconstruction and Development (EBRD), for instance, is lending US$170 million to SOCAR, the State Oil Company of Azerbaijan, to fund two Caspian gas projects.…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked to approve granting Romanian wool producers immediate duty free access to the EU market for their crude wool grease exports from this year until 2007. Romania will then probably become an EU member country, enjoying unfettered access to the EU market for all its wool goods.…