Archive » December 2006 » 05 December 2006 The english news from 05 December 2006
Romanian Trade Deficit Up 45%
The Romanian trade deficit grew to 11.24 billion euro in the first ten months of 2006, up 45% compared to the same period last year, the National Statistics Institute in Bucharest has announced.…
Romania: Democrats and Liberals Name New Ministers
The secretary general of the National Liberal Party-PNL Dan Montreanu was nominated to take over the reigns of the Agriculture Ministry following the dismissal of the previous minister, who entered a political conflict between PM Calin Popescu Tariceanu and a group of dissident Liberals.The Liberals also nominated their spokesman Varujan Vosganian as deputy prime minister, while Mircea Toader was nominated by the Democratic Party-PD to take over the Economy Ministry portfolio, HotNews Romania reports.…
Romania: Europolis Buys Part Of Sema Parc For 90 Mln EUR
DTZ Echinox, a leading realtor in Romania, announced the successful mediation of the biggest office space deal in the country, Bursa reports.…
Romania: Mediplus Market Share Up 20%
Mediplus Exim SA, the pharmaceuticals distribution division of A&D Pharma Holdings, reported a 20 percent increase in market share in Q3, Bursa reports.…
Romania: Somaco - Bucharest Posts Rising Results
Somaco - Bucharest posted rising results for the first nine months of the year, including a 7.56 percent increase in turnover to 44 million RON, Bursa reports.…
Romania: CEC privatisation to be completed by early January-CB vice governor
The Vice-Governor of Romania's Central bank announced today during the Fifth Banking Forum taking place in Athens, that the Romanian State will complete the privatization of bank Casa de Economii si Consemnatiuni, or CEC, by the end of December or early January.…
Boulgaria,Serbia: EE Bank Lending leads to Economic Growth y/y
Eight years after the ruble crisis sent shock waves across Eastern Europe's financial sector, banks in the region are bigger, stronger, better regulated, more profitable and more competitive than ever.…
Romania:Not all PC Members Resigned despite Seres' Energy Scandal
All Conservative Party (PC) members holding positions in the Government were invited to give them up after the party headed by Dan Voiculescu announced it would leave the ruling coalition, Nine o' Clock reports.…
Romania: RomTelecom's capitalisation seen decreasing in 2007
The 45.99 per cent stake of the land telephony operator RomTelecom, held by the state, will be worth EUR 300 M less in 2007 than in 2006, Nine o' Clock reports.…
Romania-Turkey to link through submarine electricity cable
The feasibility study for the submarine cable link that will connect Turkey to Romania will cost EUR 1,5 M and will be conducted by Transelectrica and a privately owned company, Transelectrica CEO Stelian Gal told the Money Channel, Nine o' Clock reports.…
SEE Economies Show Signs of Growth and Stability
SEE market economies have made great progress in the last years in creating a stable macroeconomic environment through successfully implementing reforms, said experts from the neighboring countries during the conference on International Banking organized by the Economist.…
Romania: Budget Surplus Reaches 2 bln Euros
The general consolidated budget posted a surplus worth 6.86 billion RON over the first ten months of the year, accounting for 2.04% of the GDP, equal to 1.95 billion euros, Ziarul Financiar.ro reports.…
Romania: Political Instability Causes Stock Exchange to Lose 430 mln euros
The Conservative Party's (PC) exit from government and the prospect of early elections have sent quotes on the Bucharest Stock Exchange plunging yesterday, with the 20 most traded shares all ending the day with significant declines, Ziarul Financiar.ro reports.…
Romania: Grawe Interested in Buying an Insurance Company
Insurance company Grawe Romania, a member of the Austrian group Grawe, has announced its intention to buy the majority stake in a general insurance company currently operating on the Romanian market in early 2007, according to Peter Kasyk, Grawe Romania general manager, according to Hotnews Romania reports.…