The European Investment Bank (EIB) is to grant Romania loans worth between 800 million and 1 billion for the implementation of ten investment projects this year. Their focus will be on limiting the consequences of climate change, said EIB Vice-President Matthias Kollatz-Ahnen.
“We are optimistic that we will see economic growth in Romania in 2011,” added Kollatz-Ahnen at a press conference in Bucharest yesterday. Romanian economy experienced a decline for two consecutive years, in 2010 gross domestic product shrank by 1.3 per cent and in 2009 – by 7,1 percent. The EIB will support projects in the country that aim to reduce by 50% of electricity consumption in the old blocks built in the years of communism. The other areas to be directed to the EIB investments are energy system, including the rehabilitation of power plants and co-bank loans for small and medium enterprises. According to Matthias Kollatz-Ahnen EIB will also support expansion of the network of public transport in the country, especially in Bucharest where air pollution has a serious impact “on the health of residents, according to a survey this week of Romanian environmental NGO Ecopolis. The EIB has invested 3.9 billion euros in Romania in the period 2006 to 2010 and the beginning of the Bank’s activities in Romania in 1990 the value of loans is 8.1 billion. In 2010, the EIB granted loans to Romania for 410 million euros.
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The crude oil prices fell in the hours prior to today’s stock exchange trading in New York but remains permanently above the psychological $ 100 a barrel. Cheaper energy input comes after the next portion of data increasing oil reserves the U.S. The U.S. light crude for May delivery traded with a fall of 0.3 percent to 104.51 dollars per barrel. The weekly report from the American Petroleum Institute showed at the end of yesterday’s regular trading session in the U.S. that stocks of crude oil in the country increased by 5.7 million barrels last week. This is the fourth consecutive weekly increase their certificates and limited demand for raw materials in the largest economy in the world. U.S. economic data yesterday also showed that consumer attitudes about the economy have deteriorated sharply in March. The price of U.S. light crude has risen by 14% since the beginning of this year and ended yesterday’s session with a rise from 81 cents to 104.79 dollars per barrel. Only in March the energy input is appreciated by 7,6 per cent. The Brent crude cheaper by 0.2 percent to 114.99 dollars a barrel in electronic trading today after yesterday my price rose by 0.3 percent to 115.16 dollars per barrel.
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The price of U.S. light crude again turned to attack the level of 100 dollars per barrel. The mainspring of the quotes at the start of trade in commodities this week again pressure in the Middle East and North Africa. The crude oil contracts for delivery in April, moving with a growth of 1.7 per cent Friday to 99.55 dollars per barrel. At an earlier stage quotes touched 99.96 dollars per barrel. Last week, the crude oil price jumped with 14 percent, marking its strongest weekly increase of 27 February 2009 onwards. The traded in London Brent oil does progressed 1.1 percent to 113.40 dollars per barrel. A little earlier Brent reached 114.50 dollars per barrel. In Libya the opponents of the regime of Muammar Kaddafi have taken control of a city located near Tripoli. The country has drawn up a provisional government, which has already announced that oil exports from the territory controlled by it will be under the supervision of the new government, writes Wall Street Journal. The region of the Middle East and North Africa remained unsettled and this weekend, with massive protests was in Oman and Tunisia.

The Russian army will be equipped with 8 new submarines, 100 warships, 600 aircraft and 1000 helicopters totaling 650 billion dollars by 2020. Among the new equipment of the Russian Navy will include two new ship platforms for helicopters, except two who have already purchased from France. The submarines will be armed with ballistic missiles Bualva despite recent problems in testing a new missile. The analysts from the ambitious program makes sense only if it is accompanied by reform of the armed forces. A painful reform to optimize the Russian armed forces is underway. According to the Associated Press this year 200 thousand Russian officers will lose their jobs, 9 of every 10 units will be disbanding. Last week Russian Finance Minister Alexei Kudrin announced that defense spending will triple from 0.5 percent of gross domestic product (GDP) now to 1.5 percent of GDP next year. A significant part of the new funds will be allocated to modernize the Russian navy. Besides submarines will be ordered 35 corvettes and 15 frigates.
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The crude oil prices remained almost unchanged at levels slightly below $ 83 a barrel in electronic trading today after the weekly report by the Ministry of Energy of the United States showed that oil reserves of the country unexpectedly declined, but demand for fuels on the other hand has fallen to its lowest level in ten months. It has shrunk by 0.7% to 18.3 million barrels per day last week as refineries worked at 81.9 percent of its capacity, which is the weakest recovery of their production capacity since March. The U.S. light crude for November delivery cheaper by 3 cents to 82.66 dollars a barrel in electronic trading today after its price fell 32 cents yesterday to 82.69 dollars per barrel. Brent crude at the same time cheaper by 5 cents to 84.15 dollars per barrel. Yesterday it became clear that U.S. oil stocks unexpectedly fell by 416 thousand barrels to 360.5 million barrels last week. Despite the decrease in oil reserves of energy raw material prices fell because of weak data on the labor market and the U.S. trade deficit. On Thursday in Vienna a meeting of the Organization of Petroleum Exporting Countries (OPEC), who decided to leave unchanged its production quotas this year and agreed to Iran as the next country to accept the chairmanship of the oil cartel. Representatives of Venezuela and Libya said after the meeting that if a barrel of oil traded for between 90 and 100 dollars, it will compensate producers for depreciation of the dollar over the past three months, without increasing risks to the global economy recovers.
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The crude oil prices recorded a decline over the past day, which is mainly due to recent disappointing data on the state of American consumers. To contribute to the pressure and expectations for growth of new oil reserves in the U.S. As part of yesterday’s trading session in New York oil contracts with delivery in October dropped by 0.6 percent to 74.70 dollars a barrel. This morning, the raw material gave a further 70 cents to $ 74 a barrel. Since the beginning of the month the price of oil fell 6.3 percent, although last week there has been a growth of 2.3 per cent. Since the beginning of the year did the black gold has lost 6.8 percent of the price. Fall in oil prices yesterday came because of evidence that Americans’ incomes rose by 0.2 percent last month. This was below market expectations for growth of 0.3 per cent and cause negative feelings. The price of Brent crude oil dropped to the minimum 5 cents to 76.60 dollars a barrel.
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The Price of U.S. light crude rose nearly threefold to bed after the U.S. Dollar weakened against the euro yesterday for the first time in six days and went on to lose in today’s currency during the session. Weakening of the dollar against other major currencies usually reduces the interest of investors to inputs that are traded in U.S. currency. The crude oil jumped more than 1 percent on Wednesday after he fell in morning trade to their lowest level in 11 weeks. This gave rise to the data of the Ministry of Energy Mr. USA, which showed that the country’s stocks of crude oil and natural gas rose last week because of weak demand. U.S. light crude for October delivery ended the session with an increase of 86 cents, or 1.2 percent, to 72.49 dollars a barrel. The price continues to go up and during today’s e-commerce, increased by 0.3 percent to 72.75 dollars a barrel. Meanwhile Brent with delivery in October to 0.3 percent more expensive to 73.73 dollars a barrel in electronic trading hours of the London Petroleum Exchange today. Its price rose by 1.09 dollars or 1.5 percent, to 73.47 dollars per barrel at the end of yesterday’s session. The U.S. dollar fell 0.2 percent to 1.2657 dollars per euro on Wednesday and lost a further 0.5 percent today to 1.2714 dollars per euro at 9:10 am local time.
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The Crude Oil price noted strong growth jumped over 80 dollars a barrel, reaching its highest value since May. With a major contribution to this optimism, which is observed on stock exchanges and appreciation of the euro against the dollar. Quotations turned away more than 3 per cent yesterday and exchange session in New York closed at 81.40 dollars a barrel. Thus black gold delete your loss this year and is now moving with growth of 2.6 per cent from 1 January onwards. During the night oil contracts with delivery in September rose by another 0.14 percent to 81.45 dollars a barrel. Reason for optimism and buying oil gives rise to the stock indexes in the U.S. and Asia. Yesterday, the broad U.S. index, S & P 500 rose 2.2 per cent, and today splashed a wave transmit and Asian markets. Quotations provide support and appreciation of the euro, which reached a peak of three against the dollar yesterday. Today the two currencies traded at a rate of 1,3151 EUR / USD. Exchange in London yesterday of Brent oil rose 3.4 percent to 80.82 dollars a barrel.
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The crude oil price rose over the past day, as the quotations again turned to 77 dollars a barrel. This gave rise to some positive signs for the Chinese economy and the retreat of the dollar. Oil supported the second consecutive growth indexes in China. He came because data for increased domestic consumption, leading to increased profits of car manufacturers. This gives rise to expectations that demand for fuels in the country will increase. On the New York Stock Exchange yesterday, oil contracts with delivery in August increased its price by 0.7 percent to 76.54 dollars a barrel. The deadline for trading with them expires today, but this morning their price increased by 0.15 percent to 76.65 dollars a barrel. The September futures which are already traded more actively, rose 0.1 per cent to 77 dollars a barrel. This morning the euro managed to advance to 1,2968 EUR / USD, and again towards the attack rate of 1.30 dollars per euro.
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The Global foreign direct investment (FDI) reached a new nadir in the second half of 2009, then had a modest recovery in the first part of this year, which raised optimism about prospects for FDI out annual survey of global trends in investments of the United Nations Conference on Trade and Development (UNCTAD). Recovery appears to gaining strength as global FDI is expected to surpass 1.2 trillion. dollars in 2010 to reach 1.3 to 1.5 trillion. dollars in 2011 and to near 1.6 to 2 trillion. in 2012, however, these perspectives on foreign direct investment are filled with risks and uncertainties, including that global economic recovery seems fragile at this point. For 2009, the conference reported nearly 40% decline in global FDI. Some major changes in trends in global FDI preceded global crisis and is likely to escalate in the short and medium term, the report provides. The relative importance of developed economies and transition economies as destinations and sources of global FDI is expected to continue to increase. Although FDI inflows to developed economies and economies in transition decreased by 27% in 2009 and outflows of FDI from these two groups of economies have shrugged by 21%, they are still made almost half of the inflows of foreign direct investment in 2009 , and have provided a quarter of global FDI outward.
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