News

26Oct2015

The Romanian Government has recently approved a program meant to modernize 10,000 km of national and local roads, connect villages to water and sewage systems and modernize the rural areas in Romania, the Regional Development…

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26Oct2015

The Romanian Senate’s Committee for education adopted Saturday an amendment to the Education Bill which forbids married couples and relatives up to the third degree from holding management positions in the same education institution, or…

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26Oct2015

Russia and Bulgaria agreed on Saturday to push ahead with the South Stream pipeline project aimed at transporting Russian natural gas under the Black sea to Europe and seen as a rival to the EU-backed…

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26Oct2015

Romania will return to economic growth in 2011, most likely of around 1.5 percent, representatives of the International Monetary Fund said Thursday. Romania was hit hard by the global downturn in 2009, recording an economic…

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26Oct2015

The Cabinet of Ministers will soon begin preparing thermal power enterprises for privatization, Deputy Prime Minister for Economic Affairs Serhiy Tihipko told at a press conference in Kharkiv. “Now we have to quickly find consultants…

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26Oct2015

The government will drastically cut local budgets made from VAT taxes, a 2011 budget draft reads, quoted by the Romanian news agency Mediafax. The budget draft sees a cut by half of finances for infrastructure…

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26Oct2015

Bulgaria is expected to move out of recession and its economy to rebound in 2011, major international banks said. According to the latest CEE report of Italy’s Unicredit, the country is slowly recovering from the…

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26Oct2015

By the end of 2010, Bulgaria will likely have attracted a total of EUR 2 B in foreign direct investments, forecast Borislav Stefanov, head of the InvestBulgaria Agency. This development would still be a substantial…

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26Oct2015

Bulgaria’s banking sector is likely to experience a reshuffle, which will mainly affect smaller financial institutions following suit with the restructuring of the European market caused by the financial turmoil. The move will affect the…

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26Oct2015

The total revenue of the 100 largest companies in South-Eastern Europe (SEE) fell by 14% in 2009 to €78bn. The result is not surprising, bearing in mind the adverse impact of the global crisis on…

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