Archive » July 2006 » 28 July 2006 The english news from 28 July 2006

  • Romania:Franchises Generate 800 mln Turnover

    Franchises generate 800 million euros worth of annual turnover in Romania, say recent data from the Association of Franchise Chains in Romania, according to Rompres and IING Financial News…

  • Romania: Market of Micro-Financing, $500 million a year

    The Romanian market of micro-financing is appraised at $500 million a year, general manager of CHF International Romania Silke Mueffelmann on July 18 told a news conference held at the headquarters of the Chamber of Commerce and Industry of Romania (CCIR), according to ING Financial news.ro…

  • Romania: Banks' Profits to Rise 37% by 2008

    Romania ranks third in the region in terms of prospects to increase the banks' profitability, behind Russia and Bulgaria, reads a UniCredit study on the progress of the banking system in Central and Eastern Europe, according to Ziarul Financiar.ro reports…

  • Romania: Q2 Economic Growth Estimated at 7%

    Economic growth gathered speed in the second quarter due to the growth in industry and trade, reads a study of the National Prognosis Commission (CNP), according to Ziarul Financiar.ro reports.…

  • Romania: Cement Output at 2 mln tonnes in Jan- May '06

    The output of cement reached 2.328 million tonnes January through May this year in Romania, ACT Media news agency reports.…

  • Romania: 370 mln Through PHARE National Programme 2005

    The European Union allocated Romania 372.29 million euros in non-repayable funds under the PHARE National Programme 2005, the Romanian Finance Ministry reports, ACT Media news agency reports.…

  • Romania: World Bank Report: Romania, Drop in Corruption

    A recent World Bank report refers to rein in graft in Romania over 2002-2005, firstly due to the implementation of measures leading to increased transparency and openness, ACT Media news agency reports.…

  • Romania: Local Taxes to be Adjusted Every 3 Years

    Local rates and taxes in Romania will be adjusted for inflation every three years after accession to the European Union, officials of the Romanian Finance Ministry told a seminar on Thursday on tax matters, ACT Media news agency reports.…

  • Romania: Traian Basescu in Washington

    Romanian President Traian Basescu arrived in Washington on Wednesday evening at the invitation of his US counterpart George W Bush, on his second official visit on the North American continent since he took over the mandate as head of state, ACT Media news agency reports.…

  • Romania: Millennium Business Center Sold for 36.5 mln

    Millenium Business Center, the tallest building in Romania, was bought by British investment fund European Convergence Property Company, managed by Charlemagne Capital, one of the largest companies on the British market, according to HotNews Romania…

  • Romania: Rompetrol Has A New Commerce Division With LPG

    Rompetrol has a new commerce division with liquefied petrol gas (LPG) with Rompetrol Gas, in order to strengthen the group's position on the local and external markets, according to BusinesRomania.com…

  • Romania: The National Action Plan in the Employment Adopted

    The National Action Plan in the employment - PNAO 2006, adopted today by the Government, concentrates the activity of the institutions responsible in this field on employment in rural areas and Roma insertion in the labor market, according to Government of Romania press release.…

  • Romania: 504 Mln Revenues For Orange in Q1

    Orange Romania reported for the first semester revenues of EUR 504 million, a 24.3 percent increase compared to the EUR 406 million in the previous year, according to BusinesRomania.com reports.…

  • Romania: CFR To Build Railway For Saint-Gobain Plant

    Cai Ferate Romane (CFR) will build for the Saint-Gobain plant in Calarasi a railway with a value of circa EUR 760,000, according to BusinesRomania.com reports.…

  • Romania: EU Wants Small Hydro Plants Sold

    Hidroelectrica, the leading hydroelectric power producer, will privatize 51 small power plants this year. 20 plants are to be sold in the first of three bidding sessions, which is scheduled for September, according to Bucharest Daily News.ro…

  • Romania: Pirelli to Invest 70 mln

    Italian company Pirelli is negotiating with local authorities in Gorj County the construction of a factory for the production of oil-filters for Diesel Euro 5 engines - the least polluting engines in existence, according to Bucharest Daily News.ro…

  • Greece: Cosmote Signs Loan w/Romanian Subsidiary

    Cosmote signed a loan agreement with its subsidiary Cosmote Romanian Mobile Telecommunications S.A. (Cosmote Romania), of up to 160 million, with a duration until Feb 07, 2007.…

  • Romania: Loans to Increase 25%, Deposits Up 16%, UniCredito Estimates

    The volume of loans will increase on average during the following years by 25% and the volume of deposits drawn by banks to natural persons will reach, on average 16%, a study published by UniCredito estimates, ACT Media news agency reports.…

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