Archive » July 2006 » 19 July 2006 The english news from 19 July 2006

  • Romania: Constanta Commodities Transit Increases

    The commodities transit in the Constanta harbor, over the first six months of the current year, registered an 89 percent increase compared with the same period of last year, to 5.7 million tons, according to data issued by the Constanta Maritime Harbor Management National Company and Bucharest Daily News .ro…

  • Romania: Sibiu Commodities Exchange to Transact Shares

    The Sibiu Exchange presently works only with derivative instruments such as futures contracts and options on shares and foreign currencies, according to Bucharest Daily News.ro…

  • Romania: Broker Cluj Records 27% Drop in Profit

    The Cluj-based SSIF Broker securities firm on Monday reported a 27% fall in its gross income for the first half of the year, compared with the same period of last year, according to Ziarul Financiar.ro…

  • Romania: Raiffeisen Invests 6 mln in 40 Branches

    Raiffeisen Bank, the third largest bank on the market, plans to make investments worth about 6 million euros to expand the 40-branch network to a total 255, according to Ziarul Financia.ro…

  • Romania: EON Reality Teams Up with Net Brinel

    US company EON Reality, the world's leading supplier of 3D interactive solutions, has entered the Romanian market, sealing a partnership with the Cluj-based Brinel SA company, according to Ziarul Financiar.ro…

  • Romania: Dacia to Boost Turnover by Over 1bn

    French Renault Group, which makes the Logan model, will boost the production capacity of the plant in Ploiesti from 235,000 to 350,000 units by January 2008. This will increase the turnover of Automobile Dacia by over one billion euros, according to Zairul Financiar.ro…

  • Romania: IRS in Talks to Buy Astra Vagoane from Trinity Industries

    Businessman Cristian Burci is in talks to buy Astra Vagoane Arad factory from the Americans at Trinity Industries. The deal also entails buying other companies of the European division of Trinity Industries, which wants to get out of Europe and focus on North America instead, according to Ziarul Financiar.ro…

  • Romania: 7% of Companies Eager to Participate in Social Programmes

    Only 7 percent of the companies in Romania are eager to get involved in social programmes and to include responsibility of the community in their business strategy, according to a research report conducted by Concept Foundation at the beginning of June, according to ING News.…

  • Romania: Banking Assets Report Moderate Concentration Degree

    The Romanian banking assets report a moderate concentration degree over the past years, on the background of increased foreign capital in banks and stronger competition reads a report on financial stability issued by the National Romanian Bank, according to ING news.…

  • Romania: Investment Project in an Aluminium Car Rims Plant

    Spanish Mondragon Group plans to invest approximately 5 million euros into an aluminium car rims plant in western Romania, and the production could be launched in the second half of 2007, ACT Media news agency reports…

  • Romania: Merkantil Considers Entrance to Romanian Leasing Mkt

    The financial group Merkantil from Hungary, with divisions specialised in consumer credits and leasing, could tap next year the Romanian leasing market in collaboration with OTP Bank Romania, said Nikolay Marev, Merkantil General Manager for international operations, Nine o' Clock reports.…

  • Romania: Greek Fortius Finance Acquires Euro Invest Vision

    The Austrian-based Euro Invest Bank sold the securities company Euro Invest Vision to the Greek-based Fortius Finance for 759,551 EUR, which is almost seven times more than the face value of the company's shares, ACT Media news agency reports.…

  • Romania: Gov't Allocates $1.5 mil to Boost Exports in '06-'08

    The Ministry of Economy and Trade (MEC) signed with the Secretariat for Economic Cooperation from Switzerland and the International Centre for Trade from Geneva, an agreement for the funding of the Romanian exports in the period 2006-2008, totalling about USD 1.5 M, Nine o' Clock reports.…

  • Romania: Foreign Companies Interested in Investing in Electrocentrale's New Unit

    Three foreign companies AES Corporation (USA), Prisma Energy (USA) and Brikel (Bulgaria) have submitted interest letters for attending the construction of a new production block in Electrocentrale Doicesti, a branch of Termoelectrica, Nine o' Clock reports.…

  • Romania: Arcelor to Build Factory Worth 30 mil

    European steel giant Arcelor and Spain's Bamesa company, on Monday announced they would invest 30 million euros in building a steel service centre in Topoloveni (Arges County) for the automotive and domestic appliance industry, by 2008, ACT Media news agency reports.…

  • Romania: CEC's Privatization Will Change Banking System's Balance

    The privatisation of the National Savings Bank (CEC) will strengthen the competition and change the hierarchy of leading Romanian banks, given that all the three international financial institutions are already operating in the domestic market, Nine o' Clock reports.…

  • Romania: Rolling Stock Producer Faur to Raise Share Cap by 3.5 mil

    The Bucharest-based rolling stock producer Faur announced a 3.5-million-euro capital increase accompanied by an investment of 2.9 million euros, to be earmarked for development (about 900,000) and the development of the industrial park (some 1.9 million euros), ACT Media news agency reports.…

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