English Section

17 iunie 2014
"CEC Bank or Eximbank, turned into a bank for Romania's development"

EUGEN TEODOROVICI:"CEC Bank or Eximbank, turned into a bank for Romania's development"

ALINA TOMA VEREHA (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 iunie 2014

Romania could have a bank for development by turning CEC Bank or EximBank into one, Eugen Teodorovici, the minister of European Funds, said yesterday. He explained: "Such a decision must be made by the Ministry of Public Finance and is being reviewed by the Government. Many European countries have that kind of banks. The benefit of having such an institution is that we can get it involved in the process to finance projects which use European funds. With the bank for development involved in the process, we can directly access the funds and shorten and simplify the procedures".

"The Prime-Minister promised he will amend the pole tax next year"

IONEL BLĂNCULESCU:"The Prime-Minister promised he will amend the pole tax next year"

EMILIA OLESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 iunie 2014

Prime-minister Victor Ponta promised he would intervene on the decision to implement special constructions tax, nicknamed the "pole tax", starting with January 1st, 2015, if it is proven that after the second deadline for its payment, namely, September 25th, 2014, the impact of the tax in question will be higher than initially estimated, Ionel Blănculescu, honorary advisor to the prime minister said yesterday.

"We need new financial resources for the co-financing of projects"

THE "EUROPEAN FUNDS" CONFERENCE - 6TH EDITION / SILVIA CORNEI, FNGCIMM: "We need new financial resources for the co-financing of projects"

EMILIA OLESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 iunie 2014

New financial resources for the co-financing of projects, such as loans, loan collaterals or risk capital are needed, says Silvia Ciornei, the president of the National Fund for the Guarantee of Loans for Small and Medium Enterprises (FNGCIMM). "I think that after a period of crisis during which companies have been decapitalized, lending has shrunk and the resources of the public budget have been depleted, new financing sources are needed for the projects executed through EU funds".

"There is a major gap between the number of contracts concluded and the rate of absorption"

THE "EUROPEAN FUNDS" CONFERENCE - 6TH EDITION / CRISTIAN PÎRVAN, AOAR: "There is a major gap between the number of contracts concluded and the rate of absorption"

A.T. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 17 iunie 2014

Romania still has a major difference between the value of the European projects for which contracts are signed and the amounts that are effectively attracted from the European Union through the paid amounts, says Cristian Pîrvan, the secretary general of the Association of Romanian Business People (AOAR), who is of the opinion that the local authorities must urgently be made responsible in order to increase absorption.

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Ponta forces Isărescu's hand

Ponta forces Isărescu's hand

A.S. (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 3 iunie 2014

The new Board of Directors of the National Bank of Romania will receive the Parliament's vote this month, even though the current terms of its members expire at the end of September, prime-minister Victor Ponta said.

Dumitru Costin suspects Dutch or Russian interests when it comes to the Constanţa port

THE SCANDAL OF THE TRANSFER OF 13% OF THE PORT OF CONSTANŢA TO THE LOCAL COUNCILDumitru Costin suspects Dutch or Russian interests when it comes to the Constanţa port

VLAD PÎRVU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 20 mai 2014

Suspicions concerning foreign interests are once again being brought up, following the proposal to shift a 13% stake of the Port of Constanţa from the Ministry of Transports to the Local council, an issue which sparked a huge scandal and has...

"One in two newly created businesses disappear in the first year of life"

THE FEMALE ENTREPRENEURSHIP CONFERENCE - SECOND EDITION / ANCA IONESCU, THE MINISTER OF THE ECONOMY:"One in two newly created businesses disappear in the first year of life"

ALINA VASIESCU (Translated by Cosmin Ghidoveanu)Ziarul BURSA #English Section / 14 mai 2014

In preparing government strategy for supporting SMEs and improving the business environment 2020 has uncovered two major problems: there is a very small number of active small enterprises, a very small number of medium enterprises and too few of...

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