Archive » July 2006 » 27 July 2006 The english news from 27 July 2006

  • Romania: FDI Rise by 93.3% in Jan-May '06

    The foreign direct investments for the first five months of 2006 rose by 93.3% y/y, up to EUR 2.9 bn, according to data released by the National Bank of Romania.…

  • Romania: Private Pensions Funds Must Have Capital of 1.5 mln

    The companies that manage private pension funds must have at the moment of submitting their authorization request a minimum share capital equivalent in lei to the amount of 1.5 million euros, calculated at the reference rate of the National Bank of Romania (BNR), stipulates a draft norm of the Private Pensions System Supervision (CSSPP), according to Rompres and ING Financial News.…

  • Romania: Phishing Attempt on Card Owners Uncovered

    Romanian Softwin company's data security division BitDefender and the IT experts of the Romanian Commercial Bank (BCR) uncovered early on July 18 a phishing attempt - i.e. an attempt to steal personal data - targeting the owners of cards issued by several Romanian banks, according to Rompres and ING Financial News…

  • Romania: 8 mln Bank Cards in Circulation

    Almost.8 million bank cards are currently in circulation in Romania, according to figures provided by the National Bank (BNR), according to ING Financial News…

  • Romania: Online Banking is Growing Fast

    Despite the enthusiasm of many Romanians for the Internet, many people retain their suspicion of new ways of doing things especially virtual ones. It is little surprise then, that despite the obvious advantages no queuing, 24-hour-a-day service online banking has yet to really catch on in Romania, according to ING Financial News.…

  • Romania: Government Approves Set of Measures for BCR Privatisation

    Under a Government Ordinance approved on Wednesday, the Executive adopted a set of measures for the conclusion of the privatisation process of the Romanian Commercial Bank (BCR), Finance Minister Sebastian Vladescu announced at the end of an Executive meeting, ACT Media news agency reports.…

  • Romania: Gov't Approves Consultancy Contract for Romtelecom Privatization

    The Government approved the contract of consultancy and financial services for the finalisation of Romtelecom privatisation with the consortium made up of Credit Suisse Securities Limited and IEBA Trust, the winner of the selection process organized by the Ministry of Communications and Information Technology.…

  • Romania: E.ON Moldova Increases Capital

    Electricity distribution company E.ON Moldova will increase share capital by 2.6 million RON (some 740,000 euros), representing the value of some plots of land brought in as contribution to capital by Electrica SA, one of the shareholders of E.ON Moldova, informs ACT Media news agency.…

  • Romania: Millennium BCP to Open a Credit Institution

    Millennium BCP bank plans to submit to the National Bank of Romania (BNR) an authorization request for the creation of a credit institution in Romania, according to Paulo Texeira Pinto, the president of the bank's Executive Director's Council, according to Bucharest Daily News Romania.…

  • Romania: Bucharest Consultants Help Ukraine Grab Investors

    Bucharest-based Growth Strategy Consulting completed four projects and released the "Best-Practice Guide to a Positive Business and Investment Climate" in Q2 this year, according to Bucharest Daily News Romania…

  • Romania: Rafo Processes 170,000 Tonnes of Petrol a Month

    RAFO Onesti refinery in Bacau County (eastern Romania) produces 170,000 tonnes of petrol a month, company'smanging director Paul Ivascu told Rompres, ACT Media news agency reports.…

  • Romania: RAAN to Buy Energy from Romelectro

    The Nuclear company for Nuclear Activities (RAAN) will buy next month electrical energy from Romelectro according to a contract signed on Wednesday at the energy stock market, ACT Media news agency reports.…

  • Romania:Biodiesel Business in Sibiu

    The German MAN Ferrostaal consortium starts the construction of a farm and of a biodiesel plant in the Sibiu county, ACT Media news agency reports.…

  • Romania: Rovinari Power Plant, Profit 89 mln RON in 2005

    The Rovinari power plant registered a gross profit of 89 million RON ( almost 24,69 euros) in 2005 to a turnover of 705,65 million RON ( almost 196,01 million euros) the companys data show, ACT Media news agency reports.…

  • Romania: Turceni Shares to be Listed

    The Ministry of Economy and Trade (MEC) has announced its intention to sell 51% of the social capital of Turceni energy complex to a strategic investor or to a consortium of investors through a mixed method, social capital increase through cash inflow and shares selling through negotiation, ACT Media news agency informs.…

  • Romania: Foreign Capital to Control 80 % of IT Companies in 4 Years

    The foreign capital will control over 80 percent of Romanian IT companies in four years, according to estimations by Pierre Audoin Consultations (PAC) consultancy company, ACT Media news agency reports.…

  • Romania: Romgaz to Take 55 mil Loan for Imports

    The shareholders of Romgaz Co. based in Medias (center of Romania) approved the extension of a loan facility granted by ABN Amro Romania, to 55.5 million euros (or 70 million dollars), and the opening of letters of credit worth a few hundred millions dollars in favour of Imex Oil Co. based in Cyprus, for the guaranteeing of natural gas imports, the Ziarul Financiar newspaper wrote, ACT Media news agency reports.…

  • Romania: Arcelor and Spanish Bamesa Grp to Build Factory

    Spanish Bamesa Group and multinational Arcelor Steel Maker reached an accord to set up a service center for steel products, in Romania. Bamesa will hold 60 percent of the shares of the future factory, ACT Media news agency reports.…

  • Romania Ranks Third in Retail Credit Mkt Dynamics in CEE

    Romania takes the third place in the Central and Eastern European countries, with the best perspectives for the development of the retail credit market, after Russia and Serbia, according to a survey conducted by UniCredito, Nine o' Clock reports.…

  • Romania: Foreign Investors Concerned w/Qualified Workforce

    Foreign investors are increasingly concerned with not being able to find qualified staff, required for the projects they intend to develop in Romania, said Ana-Maria Cristina, president of the Romanian Agency for Foreign Investments (ARIS), ACT Media news agency reports.…

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