Archive » December 2006 » 13 December 2006 The english news from 13 December 2006
Romania: Foreigners Living in Romania Need Entry Visas to EU State
Foreigners from outside the European Union space having a temporary residence visa in Romania may travel to a EU country only based on an entry visas from the embassy of that EU country, starting on January 1, 2007, Authority for Foreigners press officer Lucian Rusu told Rompres Agency, ACT Media news agency reports.…
Romania: Brussels Airlines to Fly to Bucharest
SN Brussels Airlines considerably increases its flight offer between Bruxelles and European capitals. As from March 2007, Brussels Airlines will fly daily directly to Bucharest " Henry Coanda" International Airport, according to Brussels Airlines news.…
Romania: New Brand Identity for Napolact
Dairy producer Napolact has introduced a new brand identity, as Romanian traditional brand, the company informs. Napolact processes annually some 53 million liters of milk in its three factories, and last year posted a turnover in excess of 41 million euros, ACT Media news agency reports.…
Romania: Employees Association of Armatura Cluj-Napoca to Sell its Shares
The Association of Employees and Management of Armatura Cluj-Napoca (north-west) Co. - producer of faucets, connected articles and non-ferrous alloys - is selling its part in the company's stock (20 percent), ACT Media news agency reports.…
Romania: 'The Banker' Awards BRD Best Bank
BRD-Groupe Société Générale was awarded "Best bank in Romania" by the prestigious magazine "The Banker." This is the second award BRD obtains this year from an international publication after the "Romanian Bank of the Year" distinction conferred by the "Euromoney" magazine, ACT Media news agency reports.…
Romania: Austrians Interested in Iasi Brick Producer Ceramica
Leier Austrian Company, producer of building materials, is interested in a possible takeover of Ceramica in Iasi (eastern Romania) and initiated discussions with the board and the local authorities, ACT Media news agency reports.…
Romania: CEC's 10m Profits Rise to €13.7 mil
Romanian state-owned savings bank Casa de Economii si Consemnatiuni (CEC) announced its gross profit stood at 47 mln Romanian lei (13.7 mln euro) in the first 10 months of 2006, compared to 4.4 mln lei (1.28 mln euro) for the entire 2005.…
Romania: Ro Holland Expects Turnover to Rise by 50 %
Road transportation operator Ro-Holland Trans Medias, part of the Dutch group De Greef, estimates it will derive turnover worth some 7.5 million euros in 2007,up 50 percent from this year, amid the increase in the number of destinations within the European Union, company representatives say, ACT Media news agency reports.…
Romania: Blue Air Expects Double Turnover in 2006
The low cost operator Blue Air expects a double turnover this year up to 47 million euros. The company had set a 35 million euro target early this year, but the results over first 10 months exceeded the estimates, ACT Media news agency reports.…
Romania: Investment of €23 mln for Colterm Timisoara
SC Colterm SA Timisoara is to benefit of an investment of 23 million euros in the framework of a technical rehabilitation project of the company's installations, ACT Media news agency reports.…
Romania: AVAS Drafts Strategy for State's Stake Sale in Petrom
The State Asset Recovery Agency (AVAS), intends to draft a strategy for the partial sale of State’s stake (30.8%) in Petrom.…
Romania: LukOil Romania Targets 30% Mkt Share
LukOil Romania seeks to raise its market share in Romania to 30% over the next five years, from the current 25 per cent, by annual investment of USD 20 M in building new filling stations and storage facilities as well as in upgrading older filling stations, General Manager of LukOil Romania, Constantin Tampiza, stated, Nine o' clock reports.…
Romania: Romtelecom to Ask for €12 mil in Damages from ANRC
Romtelecom announced that it will ask the court to cancel ANRC decisions to postpone the reduction of the interconnection tariffs of Orange Romania and Vodafone Romania, and will request from the Authority damages of around EUR 12 M, declared Catalin Dima, Executive Director legal and corporate affairs for Romtelecom, Nine o' Clock reports.…
Romania: Transelectrica Signs Contract of €24.4m for Network Upgrade
Transelectrica, which is the national power transmission company, signed a contract worth €24.4m for switching the 200kV axis Gutinas-Bacau-Roman-Suceava to 400kV, simultaneous with upgrading the power stations from Bacau, Roman and Suceava.…
Romania: Orange and Vodafone Postpone Reduction of Interconnection Tariffs
The National Regulatory Authority in Communications (ANRC) decided to defer one year the enforcement of the second stage of the reduction of the interconnection tariffs of the operators Orange Romania and Vodafone Romania, the maximum interconnection tariffs remaining EUR 0.0721/minute, as established on September 1, Nine o' Clock reports.…
Romania: Broadhurst Fund to Restructure Ipromet
The investment Fund Broadhurst intends to restructure the Rasdaq-listed Impromet Bucuresti in view of increasing revenues and boosting productivity, operation that will involve collective layoffs.…
Romania: Erste bank Raises Stake in BCR to 69.11%
Erste Bank increased its stake in BCR to 69.11% after successfully securing 90.4% of the shares held by the bank's employees through a program by which the Austrian group offered to either buy or swap shares held by BCR staff.…
Romania: Increased Pharma Funds to Contribute to Pharmaceutical Mkt Growth
The 40% rise in the Pharma funds earmarked for the Health Ministry next year and the growth of the private health insurance segment may hike the domestic pharmaceutical market up to approximately €1.8bn (RON 6.3bn) in 2007, against €1.5bn this year.…
Romania: Parliament Discusses 2007 Budget Law
The two Parliament chambers passed in a plenary meeting, with 268 votes in favour and 5 abstentions, an amendment to the draft 2007 State Budget Law which stipulates that amounts collected through the vice tax should be spent by the Ministry of Health under terms to be stipulated by Government Resolutions, Nine o' clock reports.…
Romania: Cable TV Operators Fined with over €7.5 mil
The Competition Council has finalised investigations on the cable TV service market and applied total fines of RON 25,944,809 (the equivalent of over EUR 7,500,000), to UPC Romania, RCS&RDS, Astral telecom and Cablevision of Romania., reads a press release remitted by the institution, Nine o' Clock reports.…
Romania: Gov't to Announce CEC's Winner in Dec 20-22
The Finance Ministry of Romania announced that developments will follow soon with regards to CEC's privatization as the government intends to announce the competition winner in Dec 20-22.…
Greece: OTE Announces Investments of €0,5bn for Romtelecom
OTE plans to invest 0.5 billion euro in the upgrade and development of broadband infrastructure at its Romanian unit, RomTelecom, announced the company's management during a meeting with the Romanian PM.…
Romania Receives €40 mil EIB Loan for Sibiu Airport Upgrade
The European Investment Bank approved a 40 million euro loan for the expansion and upgrading of the Sibiu airport, announced the bank in a press release.…
Romania: BRD Sells Bonds Worth €211m
The largest BSE-listed commercial bank, BRD, sold bonds worth RON 735 (some €211m) on the Luxemburg market, exceeding their initial projections by 47%.…