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ArchiveEuropean Commission Demands Investigations Regarding CIA Secret Prisons in Romania
The European Commission asked member states to continue “in depth, independent and impartial investigations to establish the truth, whatever the truth may be” regarding allegations that some EU countries housed CIA secret prisons. According to C.I.A. officials, cited by New York...
The Nabucco pipeline leaves 8.3% of gases and 14% of its tax profits in Romania
The Nabucco natural gas duct will infuse money in Romania in the guise of tax profits and dividends, will ensure 1.500 jobs, will actuate the Romanian industry and lower the dependency of Russian gas imports after 2014-2015. The government representatives in Romania, Turkey, Bulgaria,...
China and India focus their attention to economic growth
China declares in favour of strengthening the international co-operation for counteracting the financial crisis, stated recently a diplomacy statesman from Beijing when he was asked if his country plans to take part at the world financial summit, proposed by USA. “China will continue, from...
Inflation, main concern for India
One of the world’s large consumers of raw materials, India isn’t afraid of crisis. Instead it is afraid of inflation. Announcing the strengthen of its economical partnership with India, the European Union hopes to take advantage not only from the emergent market, that is forecasted to...
Citigroup will acquire Wachovia
Citigroup will acquire the banking operations of Wachovia bank, in a deal facilitated by the Federal Deposit Insurance Corp. Citigroup will absorb up to $42 billion of losses in the deal, while the Federal Deposit Insurance Corp. will cover any remaining losses. Citigroup also will grant the...
FBI, following the influent guys on Wall Street
Interesting coincidence! While the French president, Nicolas Sarkozy, demanded from the tribune of the United Nations Annual Meeting, the prosecution of those guilty for the financial crisis and decides in favor of a "covered" capitalism, the FBI launched an investigation in order to clarify if the managers of the 26 institutions on Wall Street may be suspected of financial manipulation and fraud.
World Trade Organization to review Japan
World Trade Organization (WTO) set up a review board last week to examine whether Japan has complied with an earlier verdict ordering it to remove duties on South Korean memory chips. Translation.ag The WTO's Appellate Body ruled in November last year that Japan must remove its 27.2 percent...
US houses price drop. Are you ready to buy one?
Those who want to purchase a home in the United States have to pay, besides the house, other costs of over 15% of the investment itself. Also, they must take into account the time lost and that they will have to wait many years to recover their investment. Article Translated by: NiC...
Morgan Stanley and Goldman Sachs have lost their independence
U.S. financial group Morgan Stanley and Goldman Sachs have dropped the status of independent investment banks and received approval for converting themselves into bank holdings, governed by the Federal Reserve (Fed). Article Translated by: NiC Translation Agency As a result, the two banks can...
Oil price, steady
The oil price was steady, yesterday morning, the fluctuations on the electronic stock exchanges from Asia being of some cents. So, in the early transactions, the oil “light sweet crude”, with delivery next month, was quoted at 94, 19 dolari, with a cent under the reached level...
Taxes to biodiesel
European Union (UE) could impose, starting this year, taxes for the biodiesel imported from USA, announced the European leaders from the profile industry, attending on Monday at a summit organized by Reuters. The measure could take place because the profitability of many European producers of...
The Moscow stock exchange defies the international crisis
Opposite the collapse of all the international markets, the indexes from Moscow started in 2008 on green color, sustained by the good evolution of Gazprom’s shares, the greatest producer of gas at world level that increased up to 6% in this year. The investors optimism is supplied by...
East Europe will inevitably feel the effects of the crisis
The unimagined or still unknown risks directed towards the financial stability could prove to be as risky as the ones that are now under the economists’ supervision. The turbulences from the financial markets are converting in a serious difficulty for the economy of the countries from...
Ukraine gets ready for WTO
The authorities from Kiev hope that Ukraine will adhere to World Trade Organization (WTO) in February, 8. Being at the economic forum from Davos, the president Viktor Iuscenko exposed the successes achieved by his country on the way of carrying out the criteria of being accepted in WTO and...
Record loan in Czech
The crisis of mortgage credits that burst last year in USA didn’t affect Czech. Anyhow, the impact wasn’t felt until the end of last year, when, according a provisional balance sheet, the mortgage area increased up to14%. A double percentage comparative with all the previsions made by...
With perseverance, China has conquered the African continent
Real estate activities in Algeria, oil in Sudan, rice in Cameroon In a few years, the Chinese business environment has become omnipresent in the black continent. In the same time, according to a survey of the consulting company KPMG, till 2014, China will dethrone USA from the leader position of...
Hungary, the country around a lake
„Hungary is the state with one of the most beautiful capitals of the world – Budapest, «the Danube’s pearl», which central panorama was included in the World patrimony of UNESCO” – there it is how the Hungarians present their country. ...
Russia invented its own Davos
The international economic forum from Sankt-Petersburg closed its proceedings on Sunday. There were three days of discussions and debates, of statements and taking attitude. For Moscow, the meeting from the country’s northern capital is wanted to be a type of “Russia’s...
Disputed money boxes
The international influence of the state investment instruments from Asia and Middle East, structures which saved in the last months, more American and European banks, victims of their own mistakes, worries the western business circle. The western leaders ask for more transparency of these...
Gazprom way towards Europe
„The Russian gas is scarier than the Russian tanks”- the sentence is attributed to the president of the E.ON Ruhrgas Group, Burhard Bergmann. After 36 years of work in the German concern, he will retire in a month. How did the Russians got to export gases in Europe?...
Kazahstan, Kyrgyzstan, Azerbaijan and their daily living standard
Generally, the former soviet Republics from Central Asia are presented as the future oil source, but especially of natural gas of Europe. It has started a sharp fight for the control of the hydrocarbon reserves. Actually, the area has transformed into a chess table of the geostrategic games, in...
EIB gives Serbia loans of EUR 650 million for SMEs, Mid-caps and Fiat Auto Serbia
A delegation of the Republic of Serbia arrived today at The European Investment Bank (EIB) headquarters in Luxembourg. On the occasion, the following loans for a total of EUR 650 million were signed: a EUR 150 million loan for small and medium enterprises (SMEs) and Mid-Caps; a EUR 500 million...
WB: Romania Is Vulnerable to European States Debt Crisis
According to a World Bank report released today, Romania finds itself among states that are vulnerable to the debt crisis in Europe, because its financial sector is closely linked to those highly indebted states (Greece, Spain, Portugal, Ireland and Italy). "Also at risk are...
Polish Ambassador Thanked Romanians for Their "Flows of Condolences"
Romanians’ reaction to the tragic death of Polish President Lech Kaczynski has deeply moved Poland’s Ambassador to Romania, Wojciech Zajaczkowski. He said that Romanian President Traian Basescu "personally expressed his deep sorrow" and thanked Romanians for their...
Gazprom: Price of Gas Exported to Europe Will Rise by $20-30 in 2010
Gazprom could increase the prices for the natural gas exported to European countries with $20-30 in 2010, told today the vice-president of the group Alexander Medvedev. He has previously declared that the medium price for the natural gas delivered to Europe in 2009 will be about...
