Archive » August 2006 » 01 August 2006 The english news from 01 August 2006
Romania: SAP Co. Covers 28 % of EAS Market
SAP Romania Co. ranks first in the Enterprise Applications Software (EAS) market in Romania, with its sales of software and maintenance licenses jumping over 50 percent last year vs. 2004, the year 2005 being the fourth running when growth was reported, ACT Media news agency reports.…
Romania: Consumption accelerates growth ( Eurobank Report)
EU argued in its May 2006 report on Romania’s progress toward accession that should the country implement its program of structural reforms, it will meet economic criteria and enter the EU by 2007. Demonstrating their strong commitment in fighting corruption, the Romanian authorities commenced investigations againstprominent political figures. Eurobank, in its last report, analyses, country's economy and its prospects.…
Romania: 7 mln Internet Users in 2007
The Internet utilization rate among Romanians will grow until 2007 from 28 percent at present to 33 percent, namely to some 7 million users, ACT Media news agency reports.…
Romania: Vodafone Service-Derived Revenues Rise 32 %
Vodafone Romania's service-derived revenues rose 32 percent, the data services representing 9 percent in the total of revenues in the said period, ACT Media news agency reports.…
Romania: Neocity Group to Build a Residential Complex in Bucharest
Neocity Group Romania is to start work in November on the first residential project in Bucharest worth 300 million euros, ACT Media news agency informs.…
Romania: Five Marinas to be Built in Mehedinti County
Mehedinti County Council (CJ) will implement 5 projects on building tourist harbours (marinas) in Clisurii Dunarii area, ACT Media news agency reports.…
Romania: Banking development has been spectacular ( Eurobank Report)
Romania’s banking sector development lags that of Bulgaria’s and of other transition economies’, due to the fact that credit expansion was delayed and did not start in earnest until 2001. Despite the late start, in the last few years, demand for credit and the subsequent banking sector development has been expanding at a spectacular pace - albeit from low starting levels - supported by robust economic growth and the prospects of EU membership, says Eurobank in its recent report.…
Romania: Development Strategy for Tourism Completed
The National Tourism Authority (ANT) has completed a Strategy for the development of tourism in Romania that highlights developments and trends in world tourism, ACT Media news agency reports.…
Romania: Real to Invest $200 mln to Expand
Real Hypermarket recently announced an investment of more than 198 million dollars, ÁCT Media news agency reports.…
Romania: Retail Market to Reach €100 bln by 2010
Retail market in Romania has the highest growth pace in the region and could exceed 100 billion euros by 2010, in case the average pace - of 50 percent in the past few years - is further maintained, revealed an analysis, ACT Media news agency reports.…
Romania: Israeli Group Participates in Romanian Real Estate Project
The Israeli group Engel intends to participate in Romania for the construction of a project consisting of dwellings and commercial spaces, with a value of around USD 500 M, reads the Israeli publication Globes, Nine o' Clock reports.…
Romania: Non-governmental Credit Advances 5.7% in June
The non-governmental credit advanced 5.7% in June, 5.6% in real terms compared to May, to RON 76.45 bln, meaning EUR 21.5 bln, according to the data provided by the National Bank of Romania (BNR), Nine o' Clock reports.…
Romania: Economic Growth Could Exceed 6%, PM Says
The prediction regarding the evolution of the economic growth is positive, with the possibility for the target of 6% set for 2006 to be exceeded, declared PM Calin Popescu Tariceanu, Nine o' Clock reports.…
Romania: Henri Coanda Airport Reports 1.5 Mln Passengers In H1
The Henri Coand Airport near Bucharest has reported an H1 traffic of 1,566,027 passengers, equal to an average of 8,652 passengers per day, up by nearly 15 percent year-on-year, BURSA reports.…
Romania: RATB Buys 100 Trolleys
The Bucharest City Hall and the Bucharest public transportation company RATB on the one side and the Arad-based bus manufacturer Astra Bus on the other have signed a contract under which the former party will procure 100 trolleys for 92 million RON, BURSA reports…
Romania: Iasitex Ups Capital
Shareholders in Iasitex S.A. (IASX) Iasi will convene on August 21st to decide on increasing share capital by a capital injection of 10,000,384 RON to 35,854,510 RON, BURSA reports.…
Romania: Leasing Enters Crediting Restrictions of BNR
Leasing is to enter the BNR's crediting restrictions, under a new draft normative act, currently under discussion, according to ING Financial News.ro…
Romania: ProCredit Bank Profit of €330,000 in H1
ProCredit Bank Romania posted a profit of 329,500 euros in the first half of the year, the institution informs in a press release. Total assets rose by 76 percent from the similar period of last year, till 173.67 million euros, according to ING Financial news…
Romania: Campaign to Promote Internet Use
The Romanian government has launched the country's first national campaign to promote Internet use, according to Balkan News.com…
Romania: Fighting Corruption on the Good Way
Not long ago, Romania was in danger of seeing its EU accession delayed due to inadequate anti-corruption measures, but the country has since turned things around. Many credit Justice Minister Monica Macovei for mounting a resolute fight for reform, Balkan News.com…