Romania expects foreign direct investment to reach $2.5 billion in 2004, the Rompres news agency reported Friday
Published:
1 October 2004 y., Friday
Romania expects foreign direct investment to reach $2.5 billion in 2004, the Rompres news agency reported Friday.
Alexandru Popa, head of the Romanian Agency for Foreign Investments, was reported as saying foreign direct investment would improve on last year's $1.8 billion because of reforms to the customs code, the taxation system and business registration procedures.
In August the central bank said increased foreign direct investment would inevitably lead to a gradual appreciation of the Romanian currency, the leu. In the January to May period, foreign direct investment inflows were up 38 percent compared to the same period last year.
The Romanian economy grew 6.6 percent in the first half of 2004 over the same period last year and is forecast by the government to grow by 5 percent or more in each of the next four years.
Šaltinis:
washtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments.
more »
Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania.
more »
The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius.
more »
As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market.
more »
The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News.
more »
The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots.
more »
The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine.
more »
A settlement in an international tax dispute that strained U.S. ties with Switzerland.
more »