Archive » May 2006 » 04 May 2006 The english news from 04 May 2006
Romania: Bankrupt Companies Up by 61% in '05, Study Shows
The number of Romanian companies in bankruptcy posted a growth of 61 percent in 2005 as compared to 2004 – 1,969 companies in bankruptcy in 2004 and 3,171 in 2005 – at the same time, the number of companies in judicial reshuffle dropped by 85 %, it dropped from 1,011 in 2004 to 156 in 2005, revealed a study drawn up by Coface Romania, ACT Media news agency reports.…
Romania: 39 Companies and Research Institutes Ready for Privatisation
Some 39 national companies and research institutes, held in the Ministry of Transport and Ministry of Culture portfolios, but also from mining field prepare for privatisation, Nine o'Clock reports.…
Romania: International Reserves Amount to €18.293 bn at end of April
Romania's international reserves amounted to 18.293 billion euros on April 30, the Romanian Central Bank (BNR) announced, ACT Media news agency reports.…
Romania Signs Trade Cooperation Agreement w/Egypt
The Chamber of Commerce and Industry of Bucharest (CCIB) and Alexandria Business Association (ABA), Egypt concluded in Bucharest an agreement on trade cooperation, on the occasion of the celebration of 100 years of bilateral relations between Romania and Egypt, ACT Media news agency reports.…
Romania: Oil Terminal Co. Posts Net Profit over 6 mn lei in '05
Oil Terminal SA Constanta, the biggest oil products operator in Romania ended 2005 with a turnover of 128.090 million lei, up 21.2 percent (22.441 million lei) compared to the previous year and with a gross profit of 7.339 million lei, ACT Media news agency reports.…
Romania: RomTelecom IPO Scheduled for Oct '06
The Romanian minister of communications stated that RomTelecom IPO would take place in October 2006. RomTelecom will be listed in the Bucharest Stock Exchange and possibly in a market abroad.…
Romania: Petrom Plans to Invest €700 mn in '06
Petrom estimates for 2006 total investments of EUR 647.8 M, double the EUR 303.8 M reported for 2005 while about half of this year’s investments will be channelled into the exploration and production segments (RON 1.18 bln), Nine o'Clock reports.…
Romania: Petrom Employees Association Acquires 80% Stake in Monopoly Media
Petrom Employees Association (PAS) has acquired a package of 80 percent of Monopoly Media stock, that is operating the biggest digital television network installed into the largest commercial centers, announced Ziarul Financiar daily, ACT Media news agency reports.…
Romania: Communications Minister Signs Contract w/CSFB for Romtelecom's Privatization Consultancy
The Minister of Communications and Information Technology Zsolt Nagy and Vice-President of Credit Suisse First Boston (CSFB) Mircea Flore signed at CERF (Computer and Electronics Romanian Fair) at Romtelecom's stand the consultancy contract for the privatization of the telecommunications company, ACT Media news agency reports.…
Romania to Bridge IT&C Gap from EU States Within 5-10 yrs, Basescu Says
Within five to ten years of its accession date, Romania will be able to bridge the gap separating it from the Western European member states with regards to the IT & C utilisation rate, President Traian Basescu stated, ACT Media news agency reports.…
Bulgaria, Romania: Brussels's Hands "Tied" over EU Entry
Bulgaria and Romania may accede to the European Union even without making the necessary changes, Austria's Die Presse newspaper wrote, entitled "Brussels's Hands Tied," Sofia News Agency reports.…