Archive » August 2006 » 08 August 2006 The english news from 08 August 2006
Romania: Restructuring in the Processing Industry Proves Fruitful
The industrial confidence index calculated for the third quarter of this year has a positive value, thus the feeling of the market is positive, which is due chiefly to the growth of production, Nine o' Clock reports.…
Romania: Transelectrica Will Join BSE Aug. 17-20
Razvan Purdila, the representative of Transelectrica company, declared that the first transactions with Transelectrica shares will probably take place between 17 and 20 August.…
Romania: Toyota Importer Estimated 115m-euros Turnover in 2006
Toyota Romania, the importer of Toyota cars onto the domestic market, for this year foresees 52% sales growth, translating into 48% higher turnover amid the expansion of its network of dealers and the launch of some new models, according to company estimates, Ziarul Financiar.ro reports…
Romania: Stock Exchange's Market Value, 75 mln euros
The first transaction with stock of the Bucharest Stock Exchange (BSE) sealed since this was turned into a joint stock company evaluates the operator of the Bucharest stock market at 75 million euros, Ziarul Financiar.ro reports.…
Romania: iQuest to Gain 3m euros from IT Services
Romanian-German IT solutions developer and tester iQuest Technologies has announced a 40% increase in turnover in the first six months of this year compared with the same time in 2005, according to Ziarul Financiar.ro…
Romania:Foreign Workers Could be Posted for 3 Years
Foreign workers could be posted in Romania for a period of up to three years by an employer (company) headquartered in Romania or by a branch or subsidiary in Romania of a company headquartered abroad, who makes direct investment with significant impact on the economy, reads a draft ordinance posted on the web site of the Romanian Ministry of Labour, Social Solidarity and Family (MMSSF).…
Romania: Avg Net Salary Up by 0,2% in June
The net average salary grew by 0,2 per cent in June from May, to RON 835, according to data released by the National Institute for Statistics (INS), Nine o' Clock reports.…
Romania: Competition Council Approves BCR Privatization
The Competition Council gave the green light to Erste Bank’s takeover of BCR (Banca Comerciala Romana), saying that the measures the Romanian state took in the case of Bancorex, the bankrupt bank whose loss-making loans were taken over by BCR in 1999, do not breach competition laws, Nine o' clock reports.…
Romania: Spanish invstors follow closely Real Estate Market
Spanish direct investment in the Romanian real estate market reached this year some 45-50 million euros. Rosa Sanchez-Yebra Alonso, chief economic and commercial adviser with Spain's Embassy to Romania, says that Spanish real estate developers very much interested in the Romanian market, because it is the second largest of Central and Eastern Europe, after Poland, awaiting EU entry.…
Romania: Petrol Industry Employees' wages Up 42% in H1
The employees in the petroleum industry (extraction operations) witnessed the highest wage increase rate of all the employees in the economy in the first six months of the year, to an average net monthly wage of 432 euros, according to Ziarul Financiar.ro reports.…
Romania: The Government Mocked in Bastroe Issue
Bucharest officials' protests against the Bastroe project don't seem to be impressing Kiev authorities,according to Ziua.ro…
Romania: Transport Minister to Establish Co. for Int'l Airports Management
Minister of Transport, Construction and Tourism Radu Berceanu said that he wants to set up a company to manage international airports Henri Coanda in Otopeni and Aurel Vlaicu in Baneasa, ACT Media news agency reports.…
Romania: Israeli Group to Invest €80 mil in Housing Project
Israeli group Engel will invest 80 million euros in a housing development project of 500 apartments and commercial spaces in the Black Sea city of Constanta, ACT Media news agency reports.…
Romania: UK Firm Raises Fund of €52 mil for Real Estate Development
UK firm Charlemagne Capital, administrator of the investment fund European Convergence Property Company (ECPC), will raise a second fund targeting mainly Romanian real estate, but also projects in Bulgaria, said Christopher Fitzwilliam-Lay, Charlemagne's representative in Romania, ACT Media news agency reports.…
Romania: Continental's H1 Profit Rises by 3%
Continental, the German-based manufacturer of car components, reported an H1 net profit of €423.6 million, up by 3 percent year-on-year, EFE announced, Bursa Daily reports.…
Romania: No Elections w/out PNL's Consent, Says PD Vice President
Democrat Vice-President Radu Berceanu expressed scepticism about the early elections, although two of the PSD leaders – Emil Boc and Vasile Blaga – said that it would happen in the spring, Nine o' Clock reports.…
Romania: Leumi Pays $34 mil for Majority Stake in Eurom Bank
Bank Leumi le-Israel paid $34 M to Dutch company Kolal BV for the controlling stake in Eurom Bank, the Israeli bank announced, Nine o' clock reports.…
Romania's Largest Cable Operator Signs Deal w/ECI Telecom
ECI Telecom announced that it signed a multi-million dollar contract with the largest cable operator in Romania, RCS & RDS, for upgrading and expanding its optical network.…
Romania to Delay Romtelecom's IPO
Romanian government will delay the floating of a 46 percent stake in fixed-line operator Romtelecom beyond November to give the adviser more time to assess the company, Communication Minister Zsolt Nagy said.…