Archive » February 2008 » 21 February 2008 The english news from 21 February 2008
Germanos Romania adds 80 stores to its chain in 2008, continues expansion
Phone service retail chain Germanos Romania voiced further expansion plans this year as it will open 80 stores all over the country, the company’s retail general manager Aris Karousos said…
Millennium Bank Romania posts less than expected losses in 2007, loans portfolio reaches EUR 37m
Millennium Bank Romania, the unit of Portugal's largest private bank Millennium bpc, issued loans worth 37 million euros from the moment it broke into the Romanian market in October last year to present and posted less than expected losses, a report from the mother bank reads…
Romanian Savings Bank doubles net profit in 2007, to EUR 24.7m
Romanian Savings Bank (CEC), the country's oldest state-owned lender, doubled net profit last year against the previous, reaching 90 million lei (24.7 million euros) and plans to remain on profit this year, the head of CEC, Radu Gratian said…
AFI Europe to invest EUR 290m in a real estate project in Arad, Western Romania
AFI Europe, a division of the investment group Africa-Israel, will spend 290 million euros to develop a real estate project in Arad, Western Romania, consisting of one mall, office buildings and a residential complex, people close to the deal said…
The Romanian government okays bill on car tax, EC will be called to give its consent
The government today approved the memorandum on the much debated first time car registration tax; the new tax will be sent to the European Commission (EC) and will undergo public debates in Romania…
Romania's valuation market to see 20% hike y/y in 2008, to EUR 30m
The Romanian valuation market value could go up 20 percent this year against the previous, according to the president of the National Association of Romanian Valuers (ANEVAR), Adrian Vascu…
EU grants Romania EUR 250m for rural development projects, official says
Romania will receive in advance 3.5 percent of the funds granted by EU for rural development projects, Agriculture Minister Dacian Ciolos said; the funds should amount to 250 million euros, according to another official…
Romania's private medical operator MedLife will spend EUR 10m this year on new medical centers
MedLife, Romania's biggest medical services operator, will invest about 10 million euros to open four medical centers in Bucharest, in the Central city of Cluj and in the Western city of Timisoara this year, according to the company's president, Mihail Marcu…
Prices on the real estate market in Romania to grow at a 5% pace every three months, analysts say
The real estate market in Romania will continue its ascending trend this year with prices for dwellings going up 5 percent every three-four months, real estate consultants present at the National Real Estate Fair said…
Romanian insurance company Asitrans-EuroIns reaches premiums of EUR 10m this winter
Insurance company Asitrans-EuroIns posted gross premiums written (GPW) of 37 million lei (10.16 million euros) from October last year to January this year, on doubling the number of mandatory car insurance sold, according to the company's executive manager, Andrei Gluvacov…
State budget revenues are hyped and the public deficit will beat 3% of the GDP, Raiffeisen warns
Revenues to Romania's state budget, estimated at 39.4 percent of the GDP, are overestimated and this will lead to a much wider budget deficit against the forecasted one, a report by Raiffeisen Bank Romania reads…
About two thirds of Romanians do not save money, a survey carried out by GFK Romania shows
Some 65 percent of Romanians did not save money, placing the country as loafer within the 20 countries were GFK Romania carried out a survey demanded by the insurance company Aviva plc…