Archive » August 2006 » 11 August 2006 The english news from 11 August 2006

  • Romania: Industrial Output, up 10.6% in June

    Industry is showing signs of a rebound, but a large part of production is of the production-to-stock type because managers are waiting for the volume of orders to go up, according to Ziarul Financiar.ro reports.…

  • Romania: Confectii Vaslui Posts 180,051 RON In H1 Profit

    The Vaslui Apparel Co. (COVB) concluded the first half of the year with 180.051 RON in profit, down from 236,502 RON in the corresponding period of last year, Bursa reports.…

  • Romania: Ardaf Attempts 181 Mln RON Share Capital Increase

    Shareholders in the insurance company Ardaf convened yesterday and denied the motion to renounce the 71.2 million RON increase in share capital (as decided on July 10th), Bursa reports.…

  • Romania: Birta Group Acquires Amidip Calan

    Amidip Calan, a manufacturer of ductile iron tubes, has been acquired by Birta Group S.A. Resita for 1.91 million USD, Bursa reports.…

  • Romania: Germanos to Open New Stores

    Germanos Telecom Romania will open four new stores, in Bucharest, Iasi, Orastie (Hunedoara County) and Barlad (Vaslui County), Bursa reports.…

  • Romania: Advertising Business Follows Upward Trends

    The annual growth rate on the advertising market of thematic TV channels reached 75-80 percent due to the fact that Romanians spend increasingly more time watching the programmes of niche televisions, to the detriment of commercial televisions, ACT Media news agency reports.…

  • Romania: Unique Registration Codes to Change by December 31

    The legal persons paying the VAT and carrying intracommunity deals will have to change their registration code as VAT payers, ACT Media news agency.…

  • Romania: Inflation of 0.11% in July

    Inflation rate in July 2006 stood at 0.11 percent and in the first seven months of the year the average monthly inflation rate reached 0.4 percent compared to 0.7 percent in the same period one year before, ACT Media news agency reports.…

  • Romania: BRD Sogelease Changes its Name into BRD Sogelease IFN SA

    The Romanian Development Bank (BRD) Sogelease, the leasing subsidiary of BRD-Groupe Societe Generale, changed its name and legal status into BRD Sogelease IFN SA, in keeping with the demands of the legal provisions referring to the market of Romanian non-banking financial institutions, which is Governmental Ordinance No 28/2006, ACT Media news agency reports.…

  • Romania Establishes Diplomatic Relations w/ Montenegro

    Representatives for Romania and the Republic of Montenegro signed in Podgorica a Joint Communique on the establishment of diplomatic relations, the Romanian foreign ministry said in a news releaseon Thursday, ACT Media news agency reports.…

  • Romania: ANAF Asks for Fiscal and Commercial Code Modification

    The National Tax Agency (ANAF) submitted to the Ministry for Public Finances a draft normative act stipulating a number of modifications to the Fiscal Code and Commercial Code, intended to shut the loop holes used by alcohol and mineral oil producers in order to circumvent the laws intention, particularly as far as excises are concerned, Nine o' Clock reports.…

  • Romania: 13 Mln Sales For Fabryo Co in H1

    Fabryo Corporation reported for the first six months a 23 percent increase in sales volume compared to the similar interval last year, up to EUR 13 million, according to BusinessRomania.com…

  • Romania: 50% Growth for MOL

    Magyar Olaj es Gazipari (MOL) group reported 49.4% higher fuel sales in Romania in the first half of this year, compared with the first six months of 2005, according to Ziarul Financiar.ro…

  • Romania: Second Mall in Moldova to be Build

    A Iasi-based businessman, Danut Prisecariu will invest 21 million euros in the development of a mall in the central area of the Botosani city.…

  • Romania: Government Approved the Chamber of Fiscal Consultants

    This professional organization, of public importance is a legal entity without lucrative purpose, which assures the organization, coordination and authorization of the fiscal consulting activity in Romania, according to the Government of Romania press release.…

  • Romania: MFP to Check Government Investment Projects

    The Ministry of Public Finances (MFP) will commission out technical expertise during the execution of the investment projects for which important amounts have been earmarked from the state budget, to check how the funds is being spent, official sources stated, according to Nine O'Clock reports.…

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