Archive » December 2006 » 18 December 2006 The english news from 18 December 2006

  • Romania: Alcatel-Lucent Eyes 10% Revenue Increase

    Alcatel Romania expects a 10 percent increase in revenues for 2007, compared with the current year when the business volume is estimated to reach EUR 170 million, said Dan Bedros, Business Romania reports.…

  • Romania: Infineon Puts 20 mln in local R&D

    Infineon Technologies Romania will invest EUR 20 million in its local research and development center in the near future, according to Business Romania reports.…

  • Romania: Net Foreign Acquisitions on BVB 46 mln in Nov'06

    Net foreign acquisitions on the Bucharest Stock Exchange (BVB) reached 45.89 billion euros in November 2006, the highest level after a previous peak in January, which confirms the interest of foreign investors in the SIF financial investment companies, according to ING Financial News Romania.…

  • Romania: RBL and Volksbank Partner on Product

    Raiffeisen Banca pentru Locuinte (RBL) and Volksbank Romania joined hands in promoting RBLs housing savings-lending product, according to Business Romania reports.…

  • Romania: Alliance Against Bastroe Project

    The World Wide Fund and Germany joined Romania's opposition to the Ukrainian project aimed at building the Bastroe shipping canal through the Danube Delta. Lucia Varga, a state secretary in the Ministry of Environment, has announced it, according to Ziua.ro reports.…

  • Romania: Ebyl Automotive Boasts Turnover Worth 16 mln

    Ebyl Automotive Romania, a branch of the Austrian group Ebyl International AG, supplier of car parts for the automotive industry, estimates it will derive turnover worth 16 million euros this year, up 14% from 2005 when it reported turnover worth 14 million euros, ACT Media news agency reports.…

  • Romania: Unita Increases Capital by 15 mln

    Insurance company Unita, a member of the Vienna Insurance group in Romania, has decided to increase its share capital by 15 million euros (51.43 million RON) by the end of next January, Ziarul Financiar.ro reports.…

  • Bulgaria: EU Door Open to New Members

    EU leaders have left the door open to new member states following a summit to mark the end of Finnish EU rotating presidency, Sofia News Agency reports.…

  • Romanian Stock Exchange gains 3rd highest in Eastern Europe

    In the first 11 months of the year, the Romanian capital market outpaced Poland, Hungary, the Czech Republic and Slovakia in profits, ACT Media news agency reports.…

  • Romania: Assets Managed by Mutual Funds 10.9 mln in Nov'06

    Assets managed by mutual funds increased by 10.9 million euros in November on the background of capital inflows and the rising value of placements, ACT Media News agency reports.…

  • Romania: Underground Advertising Reaches 6/10 Subway Riders

    A study carried out by Euromedia and Beta Cons has found that 400,000 Bucharest inhabitants travel by subway and more than half look at the outdoor advertising panels while waiting at the station, according to Business Romania News reports.…

  • Romania: Zapp to Launch TV and 3G Servicesin 2007

    By the end of next year the operator will offer 3G services in Bucharest and will expand the coverage of its 3G network to 24 cities in 2008. The first stations of the 3G network will be built from February, according to Business News Romania reports.…

  • Romania: Eximtour Sees Double Increase in TUI Sales

    Travel agency Eximtour registered this year a double increase in the sales of the TUI group packages, surpassing the level of EUR 2 million, accoriding to Business Romania news.…

  • Romanian Prosecutors Probe Into Disputed Privatization of Alro

    Prosecutors have launched a corruption investigation into the 2002 sale of Romania's largest aluminum plant, Alro Slatina, according to Balkan Post news.…

  • Romania: Underground Passage to Cost EUR 20 mil

    The Municipality has allocated EUR 20 M for the building of an underground passage for pedestrians at the Romana Square, according to a decision adopted by the municipal councillors, Nine o'Clock reports.…

  • Romania: MEC, AVAS Disagree on Energy Holding Management

    The moving of the Office for State Ownership and Privatisation in Industries (OPSPI) from the Ministry of Economy and Trade (MEC) to the Authority for the Resolution of State Assets (AVAS) continues to give birth to differences between the two agencies, the stake being the administration of the companies in which the state is a shareholder, Nine o'Clock reports.…

  • Romania: Neagoe Dismissed From MEC Offices

    The head of Legal Directorate within the Office for State Equities and Privatisation in Industry (OPSPI), Robert Neagoe, currently investigated without being imprisoned, within the file addressing privatisation, was dismissed, at the end of last week, from all the offices held in companies reporting to Ministry of Economy and Commerce (MEC), Nine o'Clock reports.…

  • Romania Condemn Communism Officially Today

    Romanian President Traian Basescu will officially condemn the communist dictatorship before the joint chambers of the Parliament today, according to HotNews Romania…

  • SE Europe GDP per Capita: Eurostat estimates

    Regarding the GDP per capita in the Eurozone, Cyprus was about 10% below the EU25 average, while Greece and Slovenia were around 20% below. The data for 2005 published by Eurostat, the Statistical Office of the European Communities, are based on revised purchasing power parities4, and the latest GDP and population figures.…

  • Romania: Romgaz GM Back To Office

    The Ministry of Economy and Commerce (MEC) had, on Thursday, revoked the order suspending the general manager of Romgaz, Alexa Jakab, has been suspended from this office, Nine o'Clock reports.…

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