Archive » July 2006 » 06 July 2006 The english news from 06 July 2006
Romania Receives EBRD Loan For Water Station Upgrade
Regia Autonoma Judeteana de Apa-Canal Iasi received a loan from the European Bank for Reconstruction and Development (EBRD) under the ISPA Programme towards the cost of the rehabilitation of the Chirita Water Pumping Station.…
Romania: Orizont Vest Sells 0.5 % stake in Bucharest Stock Exchange
Brokerage company Orizont Vest of Oradea has put up for sale a package of 20,000 shares in the Bucharest Stock Exchange, accounting for 0.5 percent-0.6 percent from its capital at the highest price per share required so far by any of shareholders, ACT Media news agency reports.…
Bulgaria: Linexa Property Grp Invests €20 mln in Holiday Complex
Bulgarian property developer Linexa Property Group plans to invest about 20 mln euro in a holiday complex on the country’s northern Black Sea coast.…
Romania: S&P's Upgrades Rompetrol to 'Stable'
Standard&Poor’s upgrated the rating perspective for Rompetrol group from “Negative” to “Stable” and confirmed the “B-” rating for long-term debt.…
Romania: Trade on Bucharest Stock Exchange Following Upward Trend
Trade on the Bucharest Stock Exchange (BVB) exceeded on Tuesday the level of 11.8 million euros, a record for the first half of July. According to brokers, the market is to follow an upward trend, but the amplitude of growth is not likely to stay at the level attained on Tuesday, ACT Media news agency reports.…
Romania: 30% of Shares in Transelectrica's IPO Belong to Foreigners
During the IPO run by Transelectrica, 4,861 investors subscribed for 47.38 mn shares, worth RON 796.08 mn.…
Romania: The Fiscal Code is Functional and Adapted to EU Requirements
The minister of public finances, Sebastian Vladescu stated on Wednesday at the Parliament Palace that the new fiscal code is a step forward for the Romanian economy, being adapted to the requirements of the European Union and « to the liking of business people in general ». « There could be some segments more or less dissatisfied, especially those who expected special favours, ACT Media news agency reports.…
Romania: Schengen National Self-Assessment Commission to be Set Up
The Schengen National Self-Assessment Commission will be set up according to a governmental decision, in order to accomplish the necessary conditions for Romania's joioning the Schengen Agreement and the Convention on its application, ACT Media news agency reports.…
Romania: Rompetrol Petrochemicals Invests in PET Production
Rompetrol Petrochemicals, the petrochemical division of Rompetrol Group, 100% owned by Rompetrol Rafinare (Rompetrol Refining), will build a PET plant (PET - raw material from which plastic objects are made) by the end of 2007, ACT Media news agency reports.…
Romania: Energy Holding Expects 36 % Turnover Increase in 2006
Electricity producer Energy Holding expects this year a 36 percent turnover increase in comparison with 2005.According to company representatives, this growth would be mainly due to the contract with oil company Petrom, ACT Media news agency reports.…
Romania: Gov't Receipts Rise 20% in H1:06
Consolidated general government receipts hiked 20 percent in the first six months of 2006 compared to Q1:05, amounting to 13.18 billion euros in this period, ACT Media news agency reports.…
Romania: Hidroelectrica Posts Net Profit of €26.5 mil in Jan-May '06
Electricity producer Hidroelectrica posted a net profit worth 93 million RON (26.5 million euros) in the first five months of the year, with a turnover standing at 850 million RON (242.8 million euros), said Traian Oprea, general manager of the company, ACT Media news agency reports.…