Latest Economy of Romania Stories

2014-03-22 00:21:23

TORONTO, March 21, 2014 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that the Company has filed a revision to its Form 51-101F1 - Statement of Reserves Data and Other Oil and Gas Information as of December 31, 2013, which was originally filed on March 13, 2014 (the "Revised F1 Report"). The reason the Revised F1 Report has been filed by the Company is that on March 21, 2014 the Company received the following revised reserves...

2010-10-05 11:37:00

BUCHAREST, Romania, Oct. 5 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) and Petrom, the largest oil and gas producer in Southeastern Europe, have entered into a 10-year, multi-million dollar data center services agreement. IBM will take over the operation of Petrom's data center infrastructure to deliver industry-leading services to Petrom; Osterreichische Mineralolverwaltung (OMV), an oil and gas exploration and production company; as well as other Romanian clients. (Logo:...

2010-09-22 09:40:00

BERLIN, September 22, 2010 /PRNewswire/ -- Specialized IT service and data provider Decernis announced today its expansion to Germany in order to better serve its growing number of clients across Europe. The US-based provider of information systems and services tracks product safety compliance issues worldwide. Germany Trade & Invest supported Decernis throughout the investment process. Headquartered in Washington, D.C., Decernis ( http://www.decernis.com) tracks developments in...

2009-06-05 09:00:00

BERLIN and ANAHEIM, California, June 5 /PRNewswire/ -- The German food industry is withstanding the global crisis. Stable domestic demand, favorable production conditions and advantageous export connections make Germany an attractive environment for investors despite the crisis. Germany Trade & Invest will be presenting the country's location advantages at this year's IFT Food Expo in Anaheim, California, from June 7-9. A recent consumer survey marks a positive trend for the...

2009-03-25 10:08:52

The International Monetary Fund said it was prepared to loan Romania $17.5 billion to rescue the country from an economic tailspin. The loan, pending approval of the IMF Executive Board, would give Romania a line of credit of $6.75 billion with another $9.7 billion allowed later with funds coming from the European Union, The New York Times reported Wednesday. The Romanian economy is predicted to contract 4 percent this year, as foreign investments have declined sharply, the Times said. The...

2008-12-02 01:30:00

LONDON, Dec. 2 /PRNewswire/ -- Romania and Bulgaria are currently the fastest growing countries within the Central and Eastern European (CEE) market for uninterruptible power supplies (UPS), as stated in a recent Frost & Sullivan study. The process of joining the European Union in 2007 gave Romania the euro 3078 million in aid it needed to develop its industry, transportation, rural and environmental infrastructure and to boost its agricultural sector. (Logo:...

Latest Economy of Romania Reference Libraries

ARO 10
2014-02-05 09:58:41

Auto Romania (ARO) was an off-road vehicle manufacturer located in Campulung-Muscel, Romania. The ARO vehicles were produced from 1957 to 2003. Two thirds of the 380,000 plus vehicles manufactured were exported. ARO vehicles were also manufactured in Brazil, Italy and Portugal. In 2003, 68.7 percent of ARO was sold to John Perez, owner of Cross Lander, with the stipulation that the company had to invest $2 million. Apparently this never happened; instead all of ARO’s equipment was sold...

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Word of the Day
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'