Archive » August 2006 » 24 August 2006 The english news from 24 August 2006

  • Romania: Transelectrica Shares to be Traded on Bucharest Exchange

    CNTEE Transelectrica Bucharest shares will be listed with Bucharest-Exchange first category, starting on Tuesday Aug. 29, ACT Media news agency reports.…

  • Romania: Investments from European Money

    The Romanians have come to like the investments from European money. In the past few months of this year the requests for Sapard programme, from a few thousand euros to four million euros, topped the maximum ceiling amounting to 1.4 billion euros, ACT Media news agency reports.…

  • Romania: EU Requirements on Agriculture

    Although the chapter of Agriculture might be a hindrance for her European Union accession, Agriculture minister Gheorghe Flutur is confident that Romania can recover the lost time and meet the EU requirements, ACT Media news agency reports.…

  • Romania: BNR Resumes Sterilization on Money Market

    The National Bank of Romania (BNR) attracted a one month deposit of 4.64 billion RON (1.3 billion euros), offering a market for the liquidity in excess that put pressure on the interests, ACT Media news agency reports.…

  • Romania: Fixed Interests Outgrow Inflation

    In retail banking, competition is beginning to shift from lending to attracting deposits, as increasingly more banks are offering fixed interest rates at levels considerably exceeding inflation, ACT Media news agency reports.…

  • Romania: 6,079 New Foreign Companies in H1

    Romania registered 6,079 companies running on foreign capital in the first half of the year, with the total value of the underwritten capital reaching 2.272 billion RON (641.3 million euros), according to ACT Media news agency reports.…

  • Romania: Bank Leumi from Israel Launches Romanian Subsidiary

    Bank Leumi, one of the strongest banks internationally and leader of Israel's banking market, will expand its presence in Central and Eastern Europe by launching a subsidiary in Romania, ACT Media news agency reports.…

  • Romania: OTP Bank Estimates Growth of 5.6% of GDP in 2006

    The Hungarian bank OTP Bank estimates that Romania will register this year a growth of the GDP of 5.6%, growth due to consumption but as well as due to exports, a recent report of bank shows, according to ACT Media news agency reports.…

  • Romania: HVB and Tiriac Bank Will Merge on Sept 1

    The National Bank of Romania (BNR) approved the fusion through absorption of HVB Bank and Banca Tiriac as well as the withdrawal of functioning authorisation for HVB Bank Romania, the two banks forming Banca comerciala HVB Tiriac starting September 1, according to HVB Bank representatives.…

  • Romania: CEC's Takeover to be Finalised in March '07

    The deadline for presenting the bids for CEC was postponed asOTP Bank and National Bank of Greece required the financial results calculated in accordance with IFRS accounting standards and the CEC taking over will be finalised in March 2007, ACT Media news agency reports.…

  • Romania: Petrom to Produce Transport Biofuels

    Oil Company Petrom is currently looking into the most efficient ways to produce transport biofuels, as according to the European legislation about 2 percent of the Romanian fuels will have to be obtained from bio-mass, ACT Media news agency reports.…

  • Romania: 31 bln kWh of Electricity Generated in H1

    Romania's electricity production stood in the January 1 - June 30, 2006 period at 31.364 billion kWh, by 5.5 percent (1.625 billion kWh) more than the production generated in the similar period of 2005, according to ACT Media news agency reports.…

  • Romanian, Bulgarian Fin Mins Discuss Energy Cooperation

    Romanian Economy and Trade Minister Ioan Codrut Seres visited Bulgaria to examine together with Bulgarian counterpart Rumen Ovchearov the phase in the bilateral cooperation in energy, the possibilities for linking the two countries' energy systems and the development of the regional energy market, the ministry said, ACT Media news agency reports.…

  • Romania: Italian-Chinese Co. Interested in Profitable Mines

    The non-ferrous ore mines located in Maramures (northern Romania) might keep on operating after 2007, when the Romanian state is going to suspend its subsidies for the mining sector, ACT Media news agency reports.…

  • Romania: Banc Post Registers H1 Net Profit of 3.4 mil

    The activity run by EFG Eurobank, majority shareholder of BancPost, in the Romanian market generated in 1H06 a net profit of EUR 3.4 M, sustained by the advance of the credits, according to the mid-year report of the Hellenic bank, NIne o' Clock reports.…

  • Romania: OTP Bank Chairman Doubts Finalisation of CEC Privatization

    Chairman of OTP Bank, one of the two bidders left in the race for the acquisition of the National Savings Bank (CEC), expressed his doubts with regards to the finalisation of this transaction, in an interview to Reuters, ACT Media news reports.…

  • Romania: 400,000 to Manage Wastes in Northwestern Region

    The Romanian Ministry of European Integration and the Northwestern Regional Development Agency launched in Bistrita (northern Romania) the "Grant scheme for private sector for preparing projects in the field of waste management" within PHARE 2004, ACT Media news agency reports.…

  • Romania: Foodstuffs Sold in Gas Stations Increased

    Foodstuff sales in the shops located in the gas stations across Romania amounted to 23.3 million euros last year, up 6 percent on 2004, ACT Media news agency reports.…

  • Romania: Daily Profit of 300,000 for Romgaz Medias

    Romgaz Medias (centre), one of the biggest natural gas producers in Central and Eastern Europe, posts a daily profit of 300,000 euros, informs Ziarul financiar daily on Monday. Romgaz Medias, considered by the analysts among the most valuable companies on the Romanian market, posted a H1 net profit of 65.8 million euros (233.1 million RON), up 34% versus H1 2005, ACT Media news agency reports.…

  • Romania: Energy Cooperation with Bulgaria

    Romanian Economy and Trade Minister Ioan Codrut Seres paid a visit to Bulgaria on Tuesday to examine together with Bulgarian counterpart Rumen Ovchearov the phase in the bilateral cooperation in energy, the possibilities for linking the two countries' energy systems and the development of the regional energy market, ACT Media news agency.…

  • Romania: Petrom Posts Net Profit of 1.427 bln Ron in H1

    Petrom posted in the first half of the year a net profit of 1.427 billion RON, with 826 million lei bigger than in the similar period ofthe year before, according to ACT Media news agency reports.…

  • Romania: Bioethanol Factory in Nadlac

    The Nadlac City Hall is currently negotiating with a Dutch company the construction of a bioethanol processing factory in the city, ACT Media news agency reports.…

  • Romania: EBRD Grants 10 mil to Volksbank Leasing

    The EBRD will lend Volksbank Leasing Romania (VB LEASING), a subsidiary of banking group OEVAG (Oesterreichische Volksbanken AG - Austria) and of VR-LEASING AG - Germany , 10 million under the EU/EBRD SME Finance Facility to give entrepreneurs more access to lease finance.…

  • Romania: EBRD to Fund Israeli Real Estate Co. w/35 mil

    The European Bank for Reconstruction and Development (EBRD) will finance the Israeli real estate company BSR some EUR 35 M, for the establishment of a joint-venture focused on developing projects in nine East European states, including Romania.…

  • Romania: PPF Group Interested in Full Acquisition of Romexterra

    PPF Group NV from the Netherlands offers a price of at least RON 8 per Romexterra share, which is 30% higher than the price offered by the Hungarian Bank MKB.…

  • Romania: Energy Holding Changes Ownership

    Energy Holding, one of the most important suppliers of electrical energy in Romania and the South-eastern Europe was taken over by Societe Bancaire Privee (SBP), an important bank of Geneva, Switzerland, ACT Media news agency reports.…

  • Bulgarian Defense Min to Meet w/Romanian Counterpart

    Defence Minister Vesselin Bliznakov will pay an official visit to Romania at the invitation of his counterpart Teodor Atanasiu, Bulgarian News Agency reports.…

  • Romania: Gov't to Fund Coast Highway Construction

    Although for two years Minister of Environment Sulfina Barbu opposed the construction of a coast highway connecting Tomis Port in Constanta to Mamaia resort, the Government decided to finance the project, NIne o' Clock reports.…

  • Romania: S&P's Might Revise Negatively CFR Marfa Co.

    Standard&Poors (S&P) might revise negatively the B+ rating, with a negative perspective, given to CFR Marfa company, as the transports sector is crossing a rough time, following the increase in power prices, reads the report of the evaluation agency, Nine o' Clock reports.…

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