Archive » August 2006 » 22 August 2006 The english news from 22 August 2006
Romania: Nitramonia's Privatization Fails
The negotiations between the Authority for the Recovery of State Assets (AVAS) and Hungary’s Nitrogenmuvek fell through, for the privatisation of the five enterprises on the Fagaras industrial platform, Nine o' Clock reports.…
Romania: Exports on the Rise
Romanian exports reached 12.67 billion euros in the first six months of the year, up 20.3 percent as against the similar period of the year before, Minister delegate for Trade Iuliu Winkler said on Monday in Deva, ACT Media news agency reports.…
Romania: Czech-based Investment Bank Monitors SIF Banat-Crisana
Investment bank Wood & Co. has included Financial Investment Company Banat-Crisana (SIF 1) in its monitoring programme, because the bank's experts believe this company has the most clearly defined portfolio strategy of all the five SIFs, ACT Media news agency reports.…
Romania: Investments in liquid shares on S.E. bring yields 40 %
The most profitable financial investment in the past 12 months has been the investment in the most liquid shares on Bucharest Stock Exchange, with an average yield of 39.39 percent, according to ACT Media news agency reports.…
Romania: Real Estate Prices on Black Sea Coast are Increasing
Prices on the Black Sea coast are ever increasing, speculations contributing decisively to a jump by up to 300 percent of the value of the land outside the city, ACT Media news agency reports.…
Romania: Prices for Dwellings to be Organized on Zones in 2007
Prices for average dwellings on the residential segment are to be organized according to the zones in 2007, more projects are set to appear and, although at first sight there are no available plots of land, they had been bought a few years ago for future investments, ACT Media news agency reports.…
Romania: 6,700 Tonnes of Berries are Estimated for 2006
The berries' production estimated for 2006 on the plots of land under the management of the National Forests Authority (RNP) Romsilva stands at approx. 6,700 tonnes, according to ACT Media news agency reports.…
Romania: Investment at the Hypermarket Chain Trident
Heavy investment is carried out in the Romanian chain of hypermarkets Trident (central Romania) to consolidate its position on the market, as competition becomes every day tougher and tougher, with Cora and Carrefour being the main market players, ACT Media news agency reports.…
Romania: Albalact €12 mln in Turnover
Albalact company located in Alba Iulia County (approximately 394 kilometers northwest of Bucharest), one of the most important players in the dairy products industry, registered 45 percent increase in turnover in the first half of this year, as against the similar period of 2005, to 11.9 million euros, against the background of the sales registered by Zuzu brand, ACT Media news agency rpeorts..…
Romania: Retail Market, More Dynamic After 2007
Romania's retail market will be much more dynamic after 2007, given that new hypermarkets are to be opened in Bucharest and other cities both by established retailers such as Carrefour and Cora, and the firms that entered the market recently, ACT Media news agency reports.…
Romania: OTP Bank Raises Interest Rate at Term Deposits
OTP Bank Romania modifies the offer addressed to individuals regarding the 1-month, 3-month, 6-month, 9-month and one-year term deposits.…
Romania: Foreign Debt Reaches over €25 bn in H1
Romania's medium- and long-term foreign debt reached 25.22 billion euros at the end of June, up 2.7 percent from December 2005, according to the figures released by the National Bank of Romania (BNR).…
Romania: Italian Energy Co. to Expand in Timisoara
Italian company Energia & Servizi intend to expand operations in Timis County, “Bursa” daily reports.…
Romania: ISPA Funds of €70 mil May be Discontinued
All the ISPA (Instrument for Social Policy for Pre-accession) national funds, worth EUR 70 M, might not be supplied any longer if fraud allegations are proved true in the case of an ISPA project implemented in Constanta, said Integration minister, Anca Boagiu, Nine o' Clock reports.…
Romania: Post-Accession Period Will be Difficult, Says WB Official
The post-accession period will be difficult for Romania, yet without negative aspects, said Anand Seth, the World Bank director for Central Europe, in an interview granted to “Adevarul” daily, Nine o' Clock reports.…
Romania: Positive Business Climate to Accelerate Growth, OTP Analysis
In an anlaysis of Central and Eastern Europe growth prospects, OTP Bank Research Dept. analysts stated that Romania shows signs of growth acceleration which is attributed to reviving exports and strong domestic demand.…