Archive » July 2006 » 17 July 2006 The english news from 17 July 2006
Romania: BNR: Number and Value of Payment Incidents Increasing
According to a National Bank of Romania (BNR) report on financial stability, Romanians consume and save more, as last year household bank deposits exceeded 10 percent of the GDP, while banking credits still accounted for a modest share in the GDP as compared with the EU average, according to Rompress and ING Financial news.…
Romania: MOL Prepares Romanian Expansion
MOL Romania Petroleum Products is looking to consolidate its position on the local market through acquisitions of gas stations and refineries, according to BusinesRomania.com.…
Romania: Vehicle Sales Up 7.8 %
The sales of vehicles indicated 117,456 units over the first six months, up by 7.8 per cent as against the same interval of 2005, in opposition to the commercial automotive market, which decreased by 7.9 per cent, to 18,148 units, according to the data conveyed by the Association of Producers and Importers from Romania (APIA), Nine O'Clock reports.…
Romania: Lafarge Agregate Issues First Dividends
Lafarge Agregate Betoane shareholders will receive dividends for the first time since the creation of the company, which was created in 1998, according to Bucharest Daily News .ro reports.…
Romania: Romgaz Dividends for Proprietatea Fund
The Proprietatea Fund could receive dividends amounting to 5.8 million euros from Romgaz Medias with a 15% participation of the natural gas producer, according to Bucharest Daily News reports.…
Romania: Bio-Diesel Factory in Medias
The oil drilling and construction company Dafora Medias wants to increase its nominal capital by approximately two million euros and float its shares on the Bucharest Stock Exchange (BVB), according to Bucharest Daily News reports.…
Romania: CEC Privatization to be Delayed
The sale price of the 69.9 percent stake in the National Savings Bank (CEC) could be around 500 million euros, according to a Merrill Lynch analysis, quoted by Reuters. CEC president Eugen Radulescu said this price is below the real value of the bank, according to Bucharest Daily News reprots.…
Romania: Expansion Plans at the EFG Eurobank
Bancpost, controlled by the Greek group EFG Eurobank, will go ahead with its expansion strategy, not taking into account the privatisation process of the CEC (the Romanian Savings Bank) and not wasting any more time until it becomes clear what the outcome of the sale of the former savings bank will be.…
Romania: Sanpaolo Makes €2.8mln Profit
Sanpaolo IMI Bank, the 22nd largest bank on the market in terms of assets, posted a net profit worth 2.82 million euros in the first half of the year, accounting for 67% of last year's total profit, according to Ziarul Financiar.ro reports.…
Romania: ARoBS Expects Turnover Worth €2 mln
The management of the ARoBS Transilvania Software company estimates it will reach turnover totalling around 2 million euros by the end of this year, 125 percent higher than 2005, when turnover stood at around 800,000 euros, according to Ziarul Financiar.ro reports.…
Romania to Receive €17 mil from EU Budget in 2007-2013
Romania will receive over 17 bn euros from the EU budget to reduce development gaps in the interval 2007 – 2013, ACT Media news agency reports.…
Romania: Piraeus Bank “Upgrades” its Mortgage/Estate Credit
Piraeus Bank grants upgrades it's mortgage/estate credits to a broader category of clients, ACT Media news agency reports.…
Romania: Labour Productivity Increases 10 % Over First Five Months
The labour productivity in industry advanced 9.9 percent over the first five months of the year, compared to the similar period of the last year, the National Statistics Institute informs, ACT Media news agency reports.…
Romania: Citigroup Approves Syndicated Loan of €100 mil for A&D Pharma
Citigroup Corporate and Investment Banking - the corporate banking division of Citibank Romania S.A - A&D Pharma and Deloitte Romania successfully completed the syndication of a loan worth 100 million Euros to A&D Pharma, the largest pharmaceutical group in Romania, 'CT' reports.…
Romania: 1/4 of EU Funds Are not Justified
Nearly one quarter of the funding provided to Romania by the EU for various projects have not been yet justified due to delays in works, exceeding the submission deadline for the papers, Nine o' Clock reports.…
Romania: CEC Could be Sold for €500 mil, Merrill Lynch Says
The selling price of the participation of 69.9 per cent in the National House of Savings (CEC) could be close to EUR 500 M, based on a recent survey developed by the investment bank Merrill Lynch, Nine o' Clock reports.…
Romania May be Subject to Restrictions after EU Accession, Commissioner Warns
European Commissioner for Health and Consumer Protection Markos Kyprianou, who was in Bucharest, voiced his satisfaction with the progress Romania has made so far in the farming sector, but did not shut out the possibility that after January 1, 2007, Romania might be subject to certain restrictions and sanctions imposed by the European Commission over a determined period, ACT Media news agency reports.…
Romania: Democrats Lobby for Early Elections, PNL to Maintain Alliance
There is only one sure thing as far as the alliance between the National Liberal and Democrat Parties (PNL-PD) is that the two parties will stay together until next year for the sake of accession, Nine o' Clock reports.…
Romania: Three Finalists for CEC's Privatization
Three banks submitted their bids for the privatization of the Romanian Saving House (CEC) on Monday. The third bank in Greece, Eurobank, pulled out from the race, according to HotNews.ro…