Archive » July 2006 » 24 July 2006 The english news from 24 July 2006
Romania: Half of Romanians prefer DA Alliance
Almost half of the Romanians (49 percent) would vote for the Justice and Truth (DA) Alliance if early elections were held next week, says a survey conducted by the Bureau of Social Research (BCS) over July 10-15, which was made public on Sunday, ACT Media news agency reports.…
Romania: ING Bank Accounts for 6.3 % Market Share
ING Bank Romania, part of ING Group, accounted on June 30 for a 6.3 percent market share in the Romanian banking system and ranked first in point of life insurance, with a market share of 37.9 percent, that is a total volume of subscribed premiums of 177.4 million leion May 31, 2006, ACT Media news agency reports.…
Romania: Moritz Group develops €60 mln Project
The Irish Moritz Holdings, which discreetly entered the market at the end of last year, is developing a real estate project put at over 60 million euros in the Piata Victoriei area in Bucharest, according to Ziarul Finaciar.ro reports.…
Romania: MKB Willing to Pay 6 RON per Romexterra Share
The representatives of Hungarian bank MKB are offering the shareholders of Romexterra, one of the small banks on the market, a price of 6 RON (1.66 euros) per share, a little more than double the nominal value, which now stands at 2.8 RON (0.77 euros), market experts told Ziarul Financiar.ro…
Romania: CEC Will not be Sold for Less than €500 mln
The selling price of the participation in National Savings House (CEC), put up for sale by the Romanian State, would not be less than EUR 500 M, according to the bankers who are active in the Romanian banking system, Nine o' Clock reports.…
Romania: Proprietatea Fund Cashed €18.5 mil in Dividends from Petrom
The Proprietatea Fund cashed dividends in 2005 equal to 65.7 M RON (EUR 18.5 M) from Petrom, corresponding to its stake of 9.89 per cent in the share capital of the company, although the Fund had registered with the Trade Registry only three days before the end of that year.…
Romania: Amrom Automotive Buys €1.5 mln Debt
Amrom Automotive 2006, whose chairman of the Board of Directors is the former vice-governor of the NBR (National Bank of Romania) Vlad Soare, intends to buy receivables worth 1.5 million euros from the creditors of the Aro Campulung plant, said Amrom's manager, Mihai Ciobanu, according to Ziarul Financiar.ro…
Romania: Astral Selects ECI Telecom2019S XDM Platform
ECI Telecom (NASDAQ:ECIL) implemented the XDM® Multi-Service Provisioning Platform (MSPP) in Astral Telecom’s network, according to Astral's press release.…
Romania: Turbomecanica Signed a Contract with Rolls Royce
In July 2004 during the Farnborough International Air show, Rolls-Royce plc and Turbomecanica S.A. signed a long-term contract for the supply of aero-engine components from Turbomecanica S.A., according to Turbomecanica's press release.…
Romania: Romtelecom Changes the Tariff Structure
As of August 15, Romtelecom changes and simplifies the tariffs structure, reducing the number of phone subscriptions from the current seven to four, according to Romtelecom press release.…
Romania: MEC Spends €125 mil in Closing Down 50 Mines
The Ministry of Economy and Commerce (MEC) will move forward with closing down over 50 mines until the end of the year. The costs incurred on closing them being estimated to over €125 M, according to MEC sources, Nine o' Clock reports.…
Romania: APIA buys Software Worth €4.7m
A consortium made up of Romanian software developer Siveco and Polish systems integrator ABG Ster-Projekt has won a contract worth 4.7 million euros following a tender organised by the Agency for Payment and Intervention for Agriculture (APIA), according to APIA officials and Ziarul Financiar .ro reports.…
Romania and Pakistan to Promote Cooperation
Pakistan and Romania have agreed on early convening of a joint government commission to review their bilateral trade and economic relations, according to Balkan Post and Dawn.com reports…
Romania Adopts Law on Int'l Trade Statistic System
The Romanian government endorsed on July 12 the draft law on the organization and functioning of a statistic system of international trade, according to Rompres and ING financial news.…