Archive » August 2006 » 18 August 2006 The english news from 18 August 2006
Romania: Pharmaceutical Mkt on the Edge to Become Wholesaler for Europe
The Ministry of Public Health (MSP) will have to carefully analyse the policy regarding prices charged for medicines which Romania pursues at the time of integration into the European Union (EU), Nine o' Clock reports.…
Romania: Gerovital Cluj makes $3 mln Investments
Romanian-Made Gerovital Products Follow To This Day Its Inventor’s Recipe. Founded in 1889, Farmec cosmetics invests to secure its future competitiveness in Europe nad is exporting more than 10% from its production.…
Romania: Rompetrol is Expanding Abroad
Romanian oil and gas giant Rompetrol Group will invest almost 24 million Euro in developing its European-wide fuel distribution network and storage capacity, according to The Diplomat.ro news…
Romania: Enterprise Investors Launches 6th Fund
Part of the money will go for Romania, but no specific sectors set to receive funding have been mentioned yet. European Bank for Reconstruction and Development (EBRD) will contribute with EUR 50 million to the investment fund, called “Enterprise Investors VI,” with a maximum capitalization of EUR 650 million, according to BusinesRomania.com reports…
Romania: Engel Announces Third Real Estate Project
Engel East Europe, the Eastern European branch of Israel's Engel group, is going to invest in a 500-apartment real estate project, in the Pipera area of the capital city, according to the Citigate DEWE Rogerson company, according to Ziarul Financiar.ro.…
Romania: Local Managers Are Becoming Very Competitive
Romanian managers are more educated than those in the European Union countries, with human resources specialists estimating that less than 5 percent of the managers of the companies that operate on the Romanian market do not have university studies, ACT Media news agency reports.…
Romania: Companies, More Interested in Leasing Products
Romanian companies are increasingly more interested in leasing products and use them confidently, ACT Media news agency reports.…
Romania: Foreigners Prefer to Acquire or Merge with Local Companies
PwC experts say that Romania improved its ranking among the ten countries included in this study, going up to place number four, behind Russia, the Czech Republic and Poland, from number six, where she was for a two-year period, ACT Media news agency reports.…
Romania: Investment in Industry to Rise 25% in Jan-Sept '06
The investment in industry can rise 25.3 percent January through September this year vs. the similar period in 2005, the National Commission of Prognosis quotes companies as saying, ACT Media news agency reports.…
Romania Refinery Worries Take Shine off OMV Profit
Austrian oil group OMV posted a rise in second-quarter net earnings yesterday but its shares fell due a surprisingly refining loss at its key Romanian unit, Petrom, according to Gulfnews reports.…
Romania: Conservatives Search for Alliance to Oust Democrats from Governance
The leaders of the Conservatives decided in the Political Bureau, to find, before January 1, 2007 a new ruling formula from which PD would be excluded, said the leader Dan Voiculescu showing that he is carrying discussions in this respect with all the political parties, Nine o' Clock reports.…
Romania: Gov't Increases Guarantee Ceilings in Bancorex Lawsuits
The Government increased the guarantee ceilings for amounts subject to trials concerning the operations of the Romanian Foreign Trade Bank (Bancorex) until it was erased from the Trade Registry, and for which BCR is liable, Nine o' Clock reports.…
Romania: Hidroelectrica to Supplement Electricity Deliveries to Electrica
Hidroelectrica intends to supplement the electricity deliveries on the basis of regulated contracts signed with the distribution and supply company Electrica, to assure the consumption on winter time, the electricity producer announced, Nine o' Clock reports.…
Romania: Sheraton to Enter Romanian Hotel Mkt
American company Starwood Hotels & Resorts, whose portfolio includes one of the world’s top luxury brands, Sheraton, will enter the Romanian hotel market in the next three years, vice-president for acquisitions and development in Europe, Africa and the Middle East Karl Biebirach said, Nine o' Clock reports.…
Romania: EC to Decide on Termoelectrica's Debts Write-off
The European Commission and the World Bank asked the Economy Ministry to close down three high-cost electric power producers and erase their debts, Seres said.…