Archive » July 2006 » 10 July 2006 The english news from 10 July 2006

  • Romania: Budget Revenues Up 16% in June '06

    Budgetary revenues derived in June grew by 16.4 percent on the same period one year ago, standing at 7.68 billion lei, according to figures centralized by the Assessment Department of revenues to the general consolidated budget with the Ministry of Public Finance (MFP), ACT Media news agency reports.…

  • Romania: NBG, OTP Are Main Competitors for CEC Privatisation

    Romanian state-owned savings bank Casa de Economii si Consemnatiuni (CEC) estimates a profit of 20 mln lei (5.58 mln) for the first half of 2006, said the bank's president Eugen Radulescu.…

  • Romania: Inflation Target of 6.8% Remains Unchanged, Nat'l Bank Governor Says

    This years inflation target and inflation forecast remained unchanged, National Bank of Romania governor Mugur Isarescu declared in an interview for Bloomberg, ACT Media news agency reports.…

  • Romania: Raiffesen Launches Two New Investment Funds

    Raiffeisen Asset Management has launched two investment funds on the local market. They allow investors to hold shares or bonds on international capital markets as well., BusinesRomania.com news.…

  • Romania: Brands with Great Impact

    Nokia is the brand having the most significant impact on the Romanians in 2006, according to the conclusion reached by the 4th "Top Impact Brands 2006" ranking conducted by the Synovate research company for Biz business journal, Cotidianul newspaper and ING Romania financial news reports.…

  • Romania: Dexia Drops Out of Race for CEC

    French-Belgian group Dexia, whose assets stood at 509 billion euros at the end of 2005, and which competed for BCR last year, has dropped plans to submit a bid for CEC, banking sources told Ziarul Financiar.…

  • Romania: Stock Exchange Reports 1.4 mln Profit in Q1

    The Bucharest Stock Exchange (BVB) ended the first quarter of 2006 on a net profit of over 5 million lei (1.4 million euros), below the level predicted for this year, but close to the profit reported throughout the year before, according to Ziarul Financiar reports.…

  • Romania: QVT Fund into Flamingo and Sicomed

    The American investment fund QVT Fund has bought stakes in the pharmaceutical company Zentiva Bucharest (formerly Sicomed) and the IT&C retailer Flamingo International in the last few days, expending a few tens of thousands of euros in the process, according to Ziarul Finaciar reports.…

  • Romania: GDP Disparity Index to Grow by 2008

    The disparity index of the Gross Domestic Product per capita between the maximal-value region - the Western region (except for Bucharest, that has a clearly superior level to the other regions) and the minimal-value region - the North-Eastern region - stood at 1.671 last year and it is estimated to reach 1.662 by 2008, according to a study conducted by the National Commission for Prognosis.…

  • Romania: French Investments to Grow Next Year

    Herve Bolot, the French ambassador in Bucharest, says the sectors of the Romanian economy that will be extremely competitive on the European market after Romania's accession to the EU are the automotive, wood and the construction industries, according to Ziarul Financiar reports…

  • Romania: Companies' Bank Deposits Exceed Raised Loans

    In 2005, the amounts placed by Romanian companies in bank deposits were by 1.21 bn lei higher than the credits engaged by these entities, revealed the central banks Report on Financial Stability, ACT Media news agency reports.…

  • Romania: EP Elections to Take Place in Spring '07

    The scrutiny should take place as soon as possible because the mandate of the 35 Euro-observers ends at the time of accession, on January 1, 2007, as Cristian Pirvulescu, director of Pro Democratia Association underlined, Nine o' clock reports.…

  • Romania: President Basescu Ahead of PM, Opinion Poll Shows

    The position expressed by President Traian Basescu regarding the issues of national interest is backed by 47 per cent of the Romanians, whereas the viewpoint expressed by PM Calin Popescu - Tariceanu is appreciated only by 10 per cent, according to an opinion poll developed by INSOMAR during July 1 5, Nine o' Clock reports.…

  • Romania: AVAS Moves Forward w/Electroputere Craiova Privatization

    AVAS decided to continue the privatization process of Electroputere Craiova. Thus, assets will be sold corresponding to four profit centers of the company, whose value will be established in the next four months.…

  • Romania: Central Bank to Intervene on Real Estate Prices

    The National Bank of Romania is determined to intervene on the real estate market, taking after the US and European central banks, because this is a highly unstable environment with unnatural fluctuations, Adrian Vasilescu, councilor of the central bank governor, told a seminar on real estate issues, ACT Media news agency reports.…

  • Romania: Small Progress Made on Justice Reforms, Basescu Says

    President Traian Basescu told the magistrates that very small progress had been made in the reform of the judiciary, repeating that things had only slightly evolved slightly towards the wanted direction.…

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