CONTRACTS
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Outcome Of A Decade Of Secrets: Direct Contracts Cost Hidroelectrica EUR1.5B In Lost Profits
In 2001, the newly incorporated Hidroelectrica, the cheapest electricity producer created by the reorganization of the Romanian energy system, signed its first direct contract to sell power,...
Major Romanian Constructor Seeks Contracts In Germany
Hidroconstructia, the largest Romanian construction company, with over EUR232 million in turnover in 2010, has opened a branch in Kircheim, Germany, according to information in the Official...
Government Awarded Contracts Of EUR1M For Protocol, Travel Services
Romania’s Government has concluded contracts of nearly 5 million lei (over EUR1.1 million), since the beginning of the year, for travel services, cell phone bills, cable television, services...
Telecom Service Contracts Must State New Consumer Protection Clauses
Romanian telecom operators must modify by February 25 the contracts signed with end consumers, and introduce several mandatory clauses regarding consumer protection, telecom regulator ANCOM...
CFR Signed Contracts For Line, Station Upgrades Worth EUR479M
Romanian railway administrator CFR SA on Tuesday signed six contracts for the modernization of two rail sections and four stations, worth a total EUR479 million, while road authority CNADNR...
IMF: Romania Should Terminate Bilateral Energy Contracts Immediately
Romania should immediately terminate the energy contracts awarded only to certain groups, which cost the budget millions of euros each year, Jeffrey Franks, head of the IMF agreement evaluat...
CFR Awards Infrastructure Upgrade Contracts Worth RON1.43B
Romanian railway administrator CFR awarded two contracts worth a total of 1.43 billion lei (EUR334 million), without VAT, to upgrade two railway section between Atel (Sibiu) and Coslariu (Al...
BCR BpL Deposits At RON800M In December 2011, Up 85% On Year
Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, t...
CFR Signed Two Contracts To Increase Safety In 19 Train Stations
Romanian railway administrator CFR and the management authority of the operational program for transport have signed two financing contracts amounting to 258.7 million lei (EUR60 million), V...