Archive » August 2006 » 23 August 2006 The english news from 23 August 2006
Romania: Nitramonia Fagaras Looking for Investors
Deputy Chairman of the State Assets Realisation Authority (AVAS) Laszlo Gyerko has announced that a market survey will be started on August 28 in order to find investors interested in turning private the Nitramonia Chemicals Works of Fagaras, ACT Media news agency reports.…
Romania: Argos Cernavoda Raises Share Capital
Argos Cernavoda grew its share capital by 2.3 million RON to 6.3 million RON, early in August, raising the face value per share from 16.8 to 26.82 RON, ACT Media news agency reports.…
Romania: LaborMed Sales Attain €12.8 mln
LaborMed Pharma, the Romanian medicine maker logged sales revolving around 12.8 million euros, in the first half of the year, up 47 percent from the same time span in 2005, ACT Media news agency reports.…
Romania: Acker Yards to Build ship in Braila
Norwegian Aker Yards, one of the five biggest ship makers worldwide, will build the careen of a ship to supply offshore platforms, with the Shipyards in Braila (Danube River harbour in south eastern Romania), ACT Media news agency reports.…
Romania: Aerostar, 70% Bigger Net Income in H1
Aerostar Bacau, a company specialising in aircraft production and repair, in the first half of the year registered net income worth 0.87 million euros (3.08m RON), up 70% from the year-ago period, according to Ziarul Financiar.ro reports.…
Romania: Current Account Deficit Widens to €4.17 bn in H1:06
The Current Account deficit reached EUR 4.17 bn in 1H06, increased by 40.2% against the the same time period last year.…
Romania: €30 mln Greek Investment in Dairy Plant
Two Greek companies from the dairy industry, Tyras and Olympos, will invest 30 million euros to build a dairy products plant near Brasov. The Greek shareholders have established a new company, Lactolymp, to handle the investment, according to Ziarul Financiar.ro reports…
Greece: NBG confirms binding offers for Vojvodjanska-CEC
National Bank confirmed recent press speculation announcing that it has made binding offers for Serbian Vojvodjanska and Romanian CEC while it also revealed that the price paid to FIBA Holding for the acquisition of the 46% stake in Finansbank could be reduced by 50.04% of the difference of Finanasbank’s November 2006 book value (in USD) plus USD 100m and its FY05 book value under IFRS.…
Romania: Hirsch Servo AG Invests €4 mln in Polystyrene Factory in Cluj
The Austrian Group Hirsch Servo AG has invested 4 million euros in an expanded polystyrene factory at Rascruci, Cluj central county, ACT Media news agency reports..…
Romania:204 mln Ron in Profit for Alro Slatina in H1
The company Alro in Slatina (southern Romania) posted in the first half of this year a gross profit of 245.331 million lei and a net profit of 204.525 million lei (approximately 58 million euros), and it also registered 1.127 million lei (approximately 322 million euros) in turnover, ACT Media news agency reports.…
Romania: Wardinon to Build its First Mall
Israeli textile company Wardinon will build a new commercial center in a central location in Romania, the company said in an announcement for the Tel Aviv Stock Exchange (TASE), ACT Media news agency reports.…
Romania: Volksbank Earns €4.1 mln in Net Profit in H1
Volksbank Romania earned a net profit worth 4.1 million euros in the first half of 2006, almost twice as much as during the same time span in 2005, ACT Media news agency reports.…
Romania: Severnav Shipyard €0.77 mln Net Profit in H1
Severnav shipyard in Drobeta-Turnu Severin (southwest of Bucharest) ended the first six months of this year with a net profit of 0.77 million euros and a turnover of 4 million euros.…
Romania: Paint and Varnish Industry Reached €130 mln
The experts estimate that the Romanian paint and varnish market exceeds 130 million euros, with water-based emulsified (washable) products holding the highest share, followed by oil- or solvent-based enamels and varnishes (stains, wood and floor varnishes), ACT Media news agency reports.…
Romania: Smithfield Foods €4.3 mln profit
The American group Smithfield Foods that acquired in 2004 the Timisoara-based meat processing company Comtim (538 km northwest of Bucharest) announced that profits from this business in 2005 stood at 4.3 million euros, almost twice the figure - expressed in euros - posted in 2004, ACT Media news agency reports.…
Romania: 76.1% of Romanians Agree to EU accession of Romania
Over 75% of the Romanians would vote for Romania's EU accession in case a referendum were held, an IMAS poll reveals, ACT Media news agency reports.…
Romania:70% of Romanians Want Pullout of Troops from Iraq
More than two thirds of the Romanians want the pullout of the Romanian troops from Iraq, reveals an IMAS poll carried out in early August, ACT Media news agency reports.…
Romania: Consultancy Agreement Signed on Romanian Post Restructuring
The Ministry of Communications and Information Technology (MCTI) and Roland Berger Strategy Consultants agreed upon a consultancy contract for the restructuring of Posta Romana National Company, the agreement being expected to receive governmental approval immediately, ACT Media news agency reports.…
Romania: CFR Seeks Companies for Railway Project
CFR will require companies interested in the railway construction project for Saint-Gobain to meet two conditions, and those are the minimum turnover of RON 5 M (ROL 50 bln) in the past three years, and payment of all taxes and charges to the State on June 30, 2006, Nine o' Clock reports.…
Romania: Wiener Staedtische to Acquire 60% of TBIH Capital
The Austrian insurance company Wiener Staedtische invested EUR 34 M in view of controlling directly 60 per cent of the TBIH Financial Services group’s shares, announced the Austrian insurer, Nine o' Clock reports.…
Romania: Transelectrica's H1 Profit Rises by 25.4%
Transelectrica made a turnover of RON 1.12 bln in 1H06, up 59.3 per cent over the level of RON 705.7 M in the same period of the past year, and reached a net profit up 25.4 per cent, to RON 110 M, Nine o' Clock reports.…
Romania: Cosmote Vows to Continue Aggressive Strategy, CEO Says
Six months after relaunching, Cosmote is pleased with the progress made in terms of its rapidly-growing customer base, overall financial outlook, company and team growth prospects, development of its distribution network and expansion of its network coverage, said Nikolaos Tsolas, CEO of Cosmote Romania, in an interview to Nine o’ Clock news.…
Romania: Argesana Pitesti Posts H1 Net Profit Up at 87,282 RON
Textile producer Argesana Pitesti, a company with a tradition in the Romanian textile industry, set up in 1969, certified on both the domestic and the world markets, ends the first half of the year with a gross profit amounting to 90,153 RON and a net profit standing at 87,282 RON, with a turnover worth 5,502 million RON, according to the company's financial report, ACT Media news agency reports.…
Romania: AVAS to Privatize 53 more Companies by end of '06
The State Assets Realization Authority (AVAS) plans to start the privatization process for 53 companies by year-end, AVAS president Razvan Orasanu said, ACT Media news agency reports.…
Romania: TNT Grows by 30% in H1
Against the background of the development of customerized services, TNT Romania International Express Shipment Co. reported a 30 percent rise in its business in 1H06, ACT Media news agency reports.…