Archive » May 2006 » 03 May 2006 The english news from 03 May 2006
Romania: MOL Co. to Invest €40 mln in Romanian Mkt
At their latest general shareholders meeting, the representatives of MOL announced investments of €40 million in Romania. Investments started in 2005 and will be completed in 2007. Last year's investments stood at €20 million, Bursa reports.…
Romania: Rafo Onesti to Raise Share Cap by by RON 28.6 M
Rafo Onesti stockholders approved a share capital raise by RON 28.6 M, from RON 403.4 M to RON 432 M, Nine o'Clock reports.…
Romania is a Banking Mkt in Transition, Erste Bank Reports
According to an Erste Bank report on the development of the banking sector in states with economy under transformation, a few months before January 2007, the deadline settled for EU accession, Romania is considered a banking market under transition in the central and east European area, next to countries like Bulgaria, Serbia and Montenegro or Ukraine, ACT Media news agency reports.…
Romania: SIFs Will not Sell Their 30% Stake in BCR
Financial investment companies (SIFs) do not plan to sell their 30% stake in BCR bank because the shares have a good return.…
Romania: Biofarm Co. Expects '06 Turnover of €18 mn
Medicine producer Biofarm Bucharest estimates roughly 17.7 million euros in turnover in 2006, climbing 24 percent from 2005, wrote the Ziarul Financiar, ACT Media news agency reports.…
Romania: A Potential Growing Renewable Energy Mkt
Romania could become an attractive market for producers of energy from renewable sources, however directives of the European Union should be respected and the stimulation of local producers, stated Thierry Meraud, representative of ADEME – The National Agency for Environment and Energy Control in France, Nine o'Clock reports.…
Greece: Inter-Balkan Cooperation Summit in Thessaloniki
The Inter-Balkan Cooperation Summit started its proceedings in Thessaloniki in which ten Heads of State will participate in the framework of the South East European Cooperation Process (SEECP). The Greek Prime Minister Mr. Costas Karamanlis will lead the Summit as Greece holds the presidency of the body. The Inter-Balkan Cooperation Summit will focus on all the developments in the region, the situation in Kosovo and strengthening cooperation and economic relations among country members.…
Greece: Growing Interest in Romanian Real Estate Acquisitions
Greek construction companies, investors and financial institutions are greatly interested in real estate acquisitions in Romania, according to the latest edition of “Look on the economy” publication presented by Emporiki Bank and was prepared by the Bank’s Financial Analysis and Research dept. According to the economists, the prospect of Romania’s EU entry in 2007 or 2008 has positively influenced the growth of the domestic real estate, in both sides of supply and demand.…
Romania: Elgeka Ferfelis Forecasts 55% Growth in '06
The Elgeka Ferfelis Romania group, one of the most important players on the domestic distribution market, has budgeted a turnover worth 65 million euros for 2006, 55 percent higher year-on-year, ACT Media news agency reports.…
Romania: WB Loan Contract Discussed to Finance Social Inclusion Program
A Romanian delegation headed by minister Gheorghe Barbu will negotiate in Washington this week a loan with the World Bank to finance a social inclusion program for less favored categories of people, especially Gypsies, ACT Media news agency reports.…