Archive » July 2006 » 05 July 2006 The english news from 05 July 2006
Romania: Atlas Corporation Expects €34 mln Turnover
Atlas Corporation, a Greek producer and distributor of construction materials, forecasts its turnover will reach 34 million euros this year, about 36% higher year-on-year, ACT Media news agency reports.…
Romania: New Customs Code
The new Customs Code and Customs Regulation almost completely take over the provisions of the EU relevant legislation, acting as instruments for a smooth transition, ACT Media news agency reports…
Romania: Aegean Airlines will Fly to Bucharest
Starting with the new winter schedule in October 2006, AEGEAN AIRLINES will launch non-stop flights from Athens to Bucharest " Henry Coanda" Airport, according to the Bucharest International Airport news.…
Romania: Bilateral Trade with USA Witnesses Significant Upward Trend
The dynamics of Romanian-US bilateral trade have witnessed a significant upward trend, over the past five years, both in terms of the Romanian exports and imports, with record-high levels reported every year, and a trade balance lately swinging between deficit and surplus, ACT Media news agency reports.…
Romania: Czech President Vaclav Klaus to Visit Constanta
President of the Czech Republic Vaclav Klaus, accompanied by a delegation made up of officials of 37 companies, will visit Constanta (Romanian Black Sea port, eastern Romania), on July 5, within a Romanian-Czech business partnership, ACT Media news agency reports.…
Romania Fulfills Commitments to U.S., Says President Basescu
Romania is a partner of the United States and will fulfil its commitments taken in the relation with this country, the President of Romania, Traian Basescu stated yesterday, in the speech held at the US Embassy to Bucharest, on the US National Day, Nine O'Clock reports.…
Romania: Orange-Vodafone Video Calls
3G customers of Vodafone Romania and Orange Romania will be able to communicate, as of July 5, through the video call service between the two networks, Vodafone Romania announced, Nine O'Clock reports.…
Romania: ING Asigurari Sales, Going Up
ING Asigurari de Viata sold in the first five months of the year policies worth RON 177.4 M, 12 per cent higher than the similar period of 2005, while the net profit reached RON 14.63 M, according to the company’s data, Nine O'Clock reports.…
Romania: Lenovo Plans to be Among the Three Main PC Producers
The Romanian branch of the Chinese group Lenovo plans for 2006 to enter the top of first three computer producers in Romania, by extending its range of products and distribution in hypermarkets, stated on Tuesday company’s General Manager, Aurel Netin, Nine O'Clock reports.…
Romania: Israeli Company Shabum, Interested in Rulmentul Brasov
Shabum International company, in association with Iscar, both from Israel, is interested in taking part in the privatisation of Rulmentul Brasov, announced the company from Brasov, Nine O'Clock reports.…
Romania: Highways' Construction Needs Over €2 bn
More than €2 bn are needed for the construction of Struma, Maritsa, Black Sea and Hemus highways, according to a report on the economic feasibility of the implementation of Public-Private Partnership in the implementation of infrastructure projects in the Transport Sector, Sofia News Agency reports.…
Romania: U.S. QVT Acquires Flamingo Shares
U.S. Investment Fund QVT bought from Bucharest Stock Exchange (BVB) 720,000 shares of IT&C and household retailer Flamingo International, the Ziarul Financiar daily wrote, ACT Media news agency reports.…
Romania: Pfizer Posts €1.3 mil Profit in '05
Pfizer Romania SRL posted 60.3 million Romanian national lei (16.6 million euros) in turnover, and about 4.8 million lei in gross profit (1.3 million euros) last year, according to data released by the Official Gazette, ACT Media news agency reports.…
Romania: Braila's Privatization Valued at Over €20 mil
The Supervision and Guiding Council of the Authority for State Assets Realization (AVAS) mandated the negotiation commission to conclude the privatisation contract for Laminorul SA Braila steel plant (eastern Romania), with the transaction amounting to over 20 million euros, AVAS informed, ACT Media news agency reports.…
Romania: Romenergo Posts €23 mil Profit in '05
Romenergo, a company operating in energy services and energy equipment supply, as well as energy trade, posted at the end of last year 23.4 million euros in gross profit, 11 times higher as compared to 2004, ACT Media news agency reports.…
Bulgaria, Romania Aim at Joining European Economic Area
Bulgaria and Romania are starting negotiations for joining the European Economic Area, Sofia News Agency reports.…
Romania: Siemens Announces FurtherI Investment
Siemens Group, with investment of tens of millions of euros carried so far in Romania, will continue its massive investment policy over the next decade, Siemens officials announced in Berlin, ACT Media news agency reports.…
Romania: Aectra Group Estimates for 2006 Turnover € 32 mln
Aectra Group, a producer and distributor of chemicals and a supplier of pesticides, estimated for 2006 a turnover of 32 million euros, up 20 percent from 2005, Aectra Marketing Manager Dan Farcas said, ACT Media news agency reports.…
Romania: Heavyweight Law Firms Migrate to Romania
Clifford Chance, the world's biggest law firm, is opening an office in the Romanian capital, and other international firms might soon follow suit. The local companies are currently putting their business in order, so as to become attractive targets for a take-over, or to cope with the competition, ACT Media news agency reports.…