Archive » December 2006 » 07 December 2006 The english news from 07 December 2006
Romania is Heading the Wrong Direction, Say Citizens
The Public Opinion Barometer, a survey carried out by IMAS November 9 to 16, indicates that 53 per cent of the interviewees believe things are going in the wrong direction in Romania, with only 41 per cent confident that the country is on the right track. Romanians’ opinion on the Government’s performance tends to be negative, Nine o' clock reports.…
Romania: Gaz de France to Purchase IT Services from Distrigaz Sud
Gaz de France Co. is going to purchase high-end IT services from Distrigaz Sud Co. in which it has become the majority shareholder in May 2006, ACT Media news agency reports.…
Romania: OMV to Invest €1 bln to Upgrade Petrobrazi Refinery
OMV will invest one billion euros to turn Petrobrazi complex into Southeastern Europe's most modern refinery, OMV president Wolfgang Ruttenstorfer announced at a news conference on Wednesday, ACT Media news agency reports.…
Romania: Iran prepared to expand ties with Bucharest
Iran's Ambassador to Romania Ali-Akbar Farazi Tuesday in Bucharest voiced Iran's readiness to strengthen ties with Romania in affairs pertaining to their two capitals, according to Balkan Post reports.…
Romania: HP to Open Services Centres
Hewlett Packard Romania is considering the possibility of opening future business process outsourcing centres in locations other than Bucharest and is examining other possibilities such as Iasi and Cluj, according to Ziarul Financiar.ro reports.…
Romania: Pensions and Health Insurance Funds to Reach €50-60 bln
Romania will record in 2020 a capitalization of 50 - 60 billion euros of private or public pension and life and health insurance funds, said on November 27 chairman of financial committee in the Senate, Varujan Vosganian, within a banking forum organized in Bucharest, Rompres quoted by ING Financial News Romania.…
Romania: Slight Improvement in Standards of Living, Shows Survey
A poll carried out by the Institute for the Research of Life Quality of the Romanian Academy, published on Wednesday, reveals a slight improvement of the standards of living in 2006, compared with the 1999-2003 period. People say that revenues are more satisfactory and cover more of the family needs. The results show that the Romanians manage to buy consumer durables if they make savings or access consumer credits, ACT Media news agency reports.…
Romania: SSIF, HTI SA, and Investco SA, Brokerage Companies to Merge
Financial investment services companies (SSIF) Broker SA, HTI Valori Mobiliare SA and the Romanian Investments Company Investco SA decided in the framework of the respective general shareholders' assemblies to agree in principle on a merger, targeting the creation of the biggest broker on the local market, ACT Media news agency reports.…
Romania: Value of Net Assets Funds Managed by Banca Transilvania 42.35 mln RON
The value of net assets of BT Clasic, BT Maxim and BT Index funds managed by Banca Transilvania, stood on December 6, 2006, at over 42.35 million RON, ACT Media news agency reports.…
Romania: Trade deficit at €11.2 bln in October
The value of imports achieved in the first 10 months of this year was by 11.2 billion euros higher than exports, exceeding the total of the commercial deficit registered in the whole previous year, which was of 10.3 billion euros, according to the National Statistics Institute (INS), ACT Media news agency reports.…
Romania: Asirom Majority Shareholder Plans Stake Increase
Businessman Ion Niculae, controlling 50% of Asirom insurance company through InterAgro, stated that he does not intend to sell his interest in Asirom, but to further increase it.…
Romania: Private Pension Schemes Become Mandatory in 2007
The minimum period of contribution in order for an individual to obtain a private pension is 20 years, said Mihai Seitan, President of the National House for Pensions, Social Security and Benefits, Nine o' Clock reports.…
Romania: Scandal Explodes in Army's New Cargo Fleet
An article published in ‘Jurnalul National’ yesterday about alleged wrongdoings at the pubic bidding for the acquisition of seven transport aircraft by the Ministry of Defence (MoD), made the Defence officials in charge to call a press conference, Nine o' clock reports.…
Romania: BCR's Net Profit Target is Achievable, Says S&P's
Standard&Poor's stated that Romanian Commercial Bank’s (BCR) announced net profit target of €660m by the year 2009, up from an expected €250m in the current year, is achievable provided that the Romanian economy continues its strong growth path.…
Romania: OMV Denies Interference in Petrom Shares Transfer to Employees
OMV President Wolfgang Ruttenstorfer said during a press conference in Vienna that the Austrian group is not involved, in any way, in the transfer of the 8 per cent Petrom package share destined to employees, as it does not have the quality either of a seller, or a buyer, Nine o' clock reports.…
Romania: Petrom Owns 95% of MOL Aviation
MOL Hungary and MOL Romania have sold their participations in Aviation Petroleum Bucuresti (MOL Aviation) to the two companies Petrom and OMV, which now own 95% and 5% respectively of the aircraft fuel distributor.…
Romania: Litigation for Oltchim's Cap Increase is Solved
The litigation regarding the capital increase of Oltchim approved by the Extraordinary SGA was solved according to the provisions of the Emergency Government Ordinance which stipulates some measures regarding the privatization of Oltchim Rm Valcea.…
Romania: Antibiotice to Distribute Dividends for 2005
The management of Antibiotice announced that the dividends for 2005 will be paid in 60 days from the publication of the SGA resolutions in the Official Gazette.…
Romania: Rompetrol Rafinare Invests €6.3 mn in Waste Water System Upgrade
Rompetrol Rafinare invested €6.3 mn in environmental protection, as it upgraded a waste water treatment plant at Petromidia refinery.…
Romania: Justice Min Warns of Problems for Laws Adoption by the Parliament
Justice Minister Monica Macovei is worried about the adoption of the laws promoted by the Ministry and which are currently with the Parliament, and claims that it is the PM’s duty to assure parliamentary majority in adopting the Government’s initiatives, Nine o' Clock reports.…
Romania: Financial Guard Transferred to ANAF
The Financial Guard will be transferred from the National Control Authority to the National Tax Agency (ANAF), and the structure will be increased by 300 jobs, in order to enhance institutional efficiency, Nine o' clock reports.…
Romania: SIF Transilvania Sells its Entire Stake in Retezat Sibiu
The financial investment company SIF Tansilvania sold its entire 32.46% stake in the Rasdaqlisted Retezat Sibiu, the total value of the transaction reaching RON 3.9m (1.1m).…