Archive » August 2006 » 16 August 2006 The english news from 16 August 2006

  • Romania: Maillis Q1 Turnover Up 19 %

    Package maker MJ Maillis has reported an almost 19-percent rise in Q 1, 2006 turnover, which reached 27.5 million RON (approximately 7.7 million euros), ACT Media news agency reports.…

  • Romania: Aquila Group Posts 65 mln in H 1

    Aquila group of companies, one of the top three players on the Romanian distribution market, posted in the first six months of 2006 a turnover of some 65 million euros, up 19 percent as against the same period of the year before, ACT Media news agency reports.…

  • Romania: ETA Eyes 21 mln Turnover in 2006

    Timisoara-based ETA group, including four companies operating in different segments of the IT market, estimates it will post turnover worth 21 million euros and a 4 percent profit margin this year, ACT Media news agency.…

  • Romania: 31 mln Ron Profit for Silcotub Zalau in H1

    Silcotub company in Zalau (northwestern Romania) ended the first six months of this year with a gross profit of 36.1 million lei and a net one of 31.642 million lei (1 euro=ca 3.5 lei) according to a financial report sent to the Bucharest Stock Exchange, ACT Media news agency reports.…

  • Romania: Otelinox Scores 10 mln RON profit in H1

    Otelinox stainless steel maker in Targoviste earned in the first half of this year a net profit worth 10,008 million lei whereas the company's revenues amounted to 110.069 million lei, and the expenses to 100.061 million lei (1 euro=ca 3.5 lei), ACT Media news agency reports.…

  • Romania: Commercial Bank Carpatica's H1 Assets Rise 27%

    Commercial bank Carpatica (BCC) H1 assets rose 27 percent versus end-2005, according to ACT Media news agency reports.…

  • Romania: Investments in Foreign Bonds

    As of 1 September, all foreign exchange operations between residents and non residents will be made without restrictions, according to ACT Media news agency reports.…

  • Romania: 580 bln to Go to Small and Medium-Sized Companies

    The small and medium-sized companies in Romania will benefit from structural and cohesion funds worth 580 million euros, over 2007-2013, says a EU-RO Newsletter, ACT Media news agency reports.…

  • Bulgaria: Thousands Seeking Bulgarian and Romanian Citizenship

    Thousands of people from non-EU countries, the majority of them from Fyrom, Serbia,Israel, Russia and Moldova, have been able to get Bulgarian citizenship in recent years after claiming to be of ethnic Bulgarian descent, according to Balkan News agency reports.…

  • Romania: SEE Investment Summit for Foreign Investment

    The first edition of international meeting South East Europe Investment Summit will take place over November 16-17 in Bucharest, with the aim of discussing how to draw foreign capital to South-East Europe as well as the future of foreign investment in Romania and Bulgaria in the context of EU accession, ACT Media news agency reports.…

  • Romania: International Real Estate Congress in Bucharest Sept'06

    The Romanian Association of Real Estate Agencies (ARAI) is to organise, for the first time in Romania, an International Real Estate Congress, the first event of this kind to take place over September 21-22 in Bucharest, ACT Media news agency reports.…

  • Romania: Co-branded Cards in Expansion

    Co-branded cards launched by the commercial banks in cooperation with the big shops in Romania have contributed both to a better placing on the market of the commercial networks and to the loyalty of the clients, ACT Media news agency reports..…

  • Romania: Glass Factory to be Open in Calarasi in September

    French Saint Gobain Glass Romania plans to have a high quality glass factory built in Calarasi (south-east of Bucharest). The factory is designed to put out 180,000 tonnes of glass a year, and the investment totals 100 million euros, ACT Media news agency reports.…

  • Romania: Cernavoda Unit 2 to Be Operational as of Sept 2007

    Unit 2 of the Cernavoda Nuclear Power Plant may launch commercial operations in September 2007, Minister of Economy and Commerce Codrut Seres announced , Nine O'Clock reports.…

  • Romania: Auto Market Continues Expansion

    In the first seven months of this year, the sales of vehicles (cars, commercial vehicles and buses) registered a 8.7 per cent increase, thus reaching 167,000 units sold, as compared to only 153,000 units sols in the similar period of last year, Nine O'Clock reports…

  • Romania: Increase in BRD Societe Generale Results

    Financial performances of BRD - Groupe Societe Generale in H1 continue to be good, with a 15% increase of the net banking product as compared to the corresponding period of 2005, under the circumstances of a strict regulation framework and of a significant investment programme focusing on IT equipment and the development of the unit network, Nine O'Clock reports.…

  • Romania: Citigroup Expects Increase in Reference Interest Rate

    The positive trend of the disinflation process enabled the central bank to keep the monetary policy interest rate at the previously set level, but chances are that within months the central bank will decide to increase the reference interest rate, Nine O'Clock reports…

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