Archive » June 2006 » 09 June 2006 The english news from 09 June 2006
Romania: Telecommunications, Most Attractive Sector for Investors
Telecommunications is the main sector investments have been directed to in the last four years; thus, between October 1, 2001 and April 30, 2006, no less than 57 projects were implemented in this sector, with a committed value of 1.306 billion US dollars, that is 23.54 percent of the total investments, informed the Romanian Foreign Investments Agency (ARIS), ACT Media news agency reports.…
Romania: National Bank Posts Losses of 3.06 bn lei in '05
The Romanian National Bank – BNR reported financial losses of 3.06 billion lei in 2005, according to data released by BNR, ACT Media news agency reports.…
Romania: Construction Companies Expect 35 % growth in 2006
Rising investments in the construction field has led to a growth in real terms of 20.7 percent in this economic sector in the first quarter of the year, as compared with similar periods in the last five years. Specialists think that the construction sector is about to record a 35 percent growth in 2006 as against 2005, ACT Media news agency reports.…
Romania: Telecommunications- Leading Position in the Investments
Telecommunications is the main sector investments have been directed to in the last four years; thus, between October 1, 2001 and April 30, 2006, no less than 57 projects were implemented in this sector, with a committed value of 1.306 billion US dollars, that is 23.54 percent of the total investments, informs the Romanian Foreign Investments Agency (ARIS), ACT Media news agency reports.…
Romania: €1.23 mln Gross Profit at the E.ON Moldova
Power distributor E.ON Moldova registered a gross profit of 1.23 million euros and revenues of 307 million euros last year according to data provided by the company. Electrica Moldova was bought last year by the German group E.ON Energie in October 2005 and renamed E.ON Moldova, according to Bucharest Daily News reports.…
Romania: Cefin to Built 80 000 sqm of Storage Space
About 55,000 sqm of the soon-to-be-built space have already been leased, mostly to international companies, said George Margescu, general manager of Cefin Real Estate Romania. Aside from these storage spaces, the park will host a multifunctional building also developed by Cefin Real Estate, according to Bucharest Business Week news.…
Romania: Bucharest-Madrid Strategic Partnership
Romanian PM Calin Popescu Tariceanu and Spanish PM Jose Luis Rodriguez Zapatero yesterday decided during the meeting held in Madrid the establishment of a working group at high level, which should help Romania in improving its capacity to absorb the European funds. Tariceanu stated at the end of the meeting which lasted three times more than initially scheduled, that the bilateral group will be formed of experts who will identify the ways by which Romania could use as best as possible those over EUR 30 bln European funds that will be assigned for 2007-2013 interval, Nine O'Clock reports.…
Romania: HP Romania Sales up 53.8%
Hewlet Packard Romania announced that the first two quarters of 2006 brought sales up 53.8% on the Romanian IT market. The total incomes reached $ 88.9 bln in the financial year concluded on April 30, 2006, according to HotNews Romania.…
Romania: Ranbaxy Concludes Purchase of Terapia
Ranbaxy Laboratories Ltd (Ranbaxy) announced today the completion of the acquisition of a 96.7 % stake by Ranbaxy Netherlands BV in the leading Romanian pharmaceutical company Terapia S.A. (Terapia) following the approval by the Romanian Competition Council (RCC). Earlier, the Company had announced the acquisition of the equity stake in Terapia from Terapia Holding BV for a sum of US $ 324 Mn, according to Terapia Pharm press release.…
Romania: Romtelecom Develops Teleworking Solution
Romtelecom provides IBM Romania with a teleworking solution, which uses ADSL-based Internet connections, ensuring a download speed of 2 Mbps and an upload speed of 512 Kbps, according to Romtelecom news.…