Archive » July 2006 » 26 July 2006 The english news from 26 July 2006

  • Romania: Cargus Increases Market Share

    The domestic courier services company Cargus increased its market share by 11.5 percent in the first half of this year, as a result of creating some new services and new collecting centres, ACT Media news agency reports.…

  • Romania: BCR Leasing: 42% higher

    BCR Leasing in the first part of the year recorded 42 percent higher results as against the similar period of last year and is set to achieve a growth pace above the average by year-end, ACT Media news agency reports.…

  • Romania: Amrom Automotive to Buy Claims in Aro 4WD

    Amrom Automotive 2006 plans to buy claims worth 1.5 million euros from creditors of Aro Campulung plant, ACT Media news reports.…

  • Romania: President Basescu Pays Visit to US

    The President of Romania Traian Basescu is paying official visit to the US in 26-28 July to meet the invitation from US President George W. Bush, according to Ziua.ro reports…

  • Romania: "Donau Commodities" Acquires "Laminorul"Braila

    One in the companies in the portfolio of the State Assets Realization Authority, the Braila-based rolled goods producer "Laminorul," was acquired by "Donau Commodities" Bucharest for 17.5 million euros, ACT Media news agency reports.…

  • Romania: 20 mln in Contracts for Sixt New Kopel

    This month, Sixt New Kopel, the first specialised company which brought the operational leasing concept on the Romanian market, has signed contracts, among other companies, with Pagini Aurii and UTI, which added to its current customer portfolio Pepsi, Alka, Elite, Tnuva, ACT Media news agency reports.…

  • Romania: Bosch Targets Sales Worth 100 mln

    The German group Bosch targets sales worth 100 million euros this year on the Romanian market where it holds a 250-unit distribution network nationwide, ACT Media news agency reports.…

  • Romania: Foreign Investments Focus on Perspective Economical Sectors

    Trade, food industry, banks, telecommunications, car making and distribution of gas and electricity are some of the perspective sectors of the Romanian economy where an important infusion of foreign capital took place, ACT Media news agency reports.…

  • Romania: Foreign Workers Could be Posted for 3 Years

    Foreign workers could be posted in Romania for a period of up to three years by an employer (company) headquartered in Romania or by a branch or subsidiary in Romania of a company headquartered abroad, who makes direct investment with significant impact on the economy, ACT Media news agency reports…

  • Romania: Chinese Businessmen are Interested in Investing in Arad

    The Chinese investments in Arad (western Romania) could witness an expansion following the visit of a delegation of Hainan province, who explored the business opportunities in the area, ACT Media news agency reports…

  • Romania: New Capital Increase at UCM

    The Board of Directors of Uzina Constructoare de Masini Resita (Machinery Building Plant - UCM Resita), a company controlled by the Swiss consortium Inet Group, will make a decision today, regarding a potential increase of the company's share capital by up to 2.11 million dollars (1.67 million euros), according to Ziarul Financiar.ro…

  • Romania: Sibiu Urban Transport Project to be Funded by EBRD

    A procurement tender was announced by S.C. TURSIB S.A for Sibiu Urban Transport project inviting suppliers to submit sealed tenders for the contract pertaining to the supply of buses.…

  • Romania: Romanians are Interested in Life Insurance

    The life insurance contracts signed in Romania are gradually replacing premium products (house and car insurance), the middle-class clients being aware of their usefulness, according to ING news…

  • Romania: Bucharest Stock Exchange Bring 28% Profitability

    The most profitable financial investment over the last 12 months has been the investment in the most liquid shares on Bucharest Stock Exchange, with an average profitability of 28.77 percent, even if important price corrections were made starting at the end of February, ING Financial News reports…

  • Romania: Microsoft Aims at Doubling Turnover

    Microsoft Romania, which posted in fiscal year 2005 by 29% bigger revenues than the previous fiscal year, aims at doubling its turnover in the next three years, announced the ING Financial News.…

  • Romania: Terapia Cluj, Second-Largest Exit in CEE Region

    The sale of Cluj-based Terapia by the investment fund Advent International to the Indians at Ranbaxy was the second largest transaction in Central and Eastern Europe in 2006, reads a survey by the Deloitte consultancy company, according to Ziarul Financiar.ro reports…

  • Romania: Altex Puts 1.5 Mln Into New Mega Store

    Altex owner Dan Ostahie inaugurated a new Media Galaxy store in Bucharest last week, despite an overall market decline in H1, Bursa reports.…

  • Romania: ETA2U Becomes Oracle Partner

    ETA2U, one of the leading IT system integrators and infrastructure service providers in Central and Eastern Romania, late last week became an Oracle partner in Romania, Bursa reports…

  • Romania: Mechel Targoviste Spends 14 Mln RON On Materials

    Mechel Targoviste S.A. has procured from Mechel Campia Turzii S.A. scrap iron, wire, towing cable, welding electrodes and other materials, totaling 14 million RON, Bursa reports…

  • Romania: Dedeman Increases Capital

    Dedeman Bacau (east), a company operating a distribution network of construction materials and a furniture factory, increased its share capital from 4.1 million euros to 9. 7 million euros by incorporating reserves, ACT Media news agency reports.…

  • Romania: Romaero to Produce Aircraft Parts Worth $10 mil for Italian Co.

    Romaero will produce, for the Italian company Alenia Aeronautica, aircraft components, on the basis of a five-year agreement whose value is estimated to over USD 10 M, according to a statemenet made by Dan Vulcan, general manager of the company, Nine o' Clock reports.…

  • Romania: Energy Mkt Deregulation Affects Consumers Pocket

    It was highly predictable that reorganisation (rather than restructuring, as it was presented) of the electricity production system - carried out by Mr. Berceanu when he was a Minister of Economy several years ago, and which was confined to the institutional separation by energy sources (hydro, thermal, nuclear) - would be a failure as it didn't contribute in enhancing efficiency and improving services to consumers, Nine o' Clock writes.…

  • Romania: Romaero to ProduceAircraft Parts Worth $10 mil for Italian Co.

    Romaero will produce, for the Italian company Alenia Aeronautica, aircraft components, on the basis of a five-year agreement whose value is estimated to over USD 10 M, according to a statemenet made by Dan Vulcan, general manager of the company, Nine o' Clock reports.…

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