Archive » May 2006 » 11 May 2006 The english news from 11 May 2006
Romania: Electroputere Posts Q1 Net Losses of €2.4 mil
Romanian manufacturer of electrical equipment Electroputere, slated for privatisation, posted Q1 net losses up to 8.35 million lei (€2.4 million), from 7.12 million lei in Q1:05.…
Romania: EBRD Grants €15mln Loan for Infrastructure and Buses Purchase
EBRD will finance a project involving the purchase of up to 30 new large buses for the municipal public transport company in Sibiu – Tursib - (the company) and to finance a street upgrading programme with the City of Sibiu in Romania.…
Romania: Distrigaz Sud Ended '05 w/Losses of 1.4 mln RON
Distrigaz Sud closed in 2005 with losses of 1.4 million RON mainly due to the establishment of provisions for uncertain debts, worth 54.4 million lei, according to a press release of the company, ACT Media news agency reports.…
Romania: Two Tenders for Electrica Muntenia Sud Worth Over €750 mn
Two of the companies interested in taking over from the State the majority stake in Electrica Muntenia Sud placed final tenders of over €750 mn each, announced the Minister of Economy and Commerce Codrut Seres, Nine o'Clock reports.…
Romania: Iberdrola Renews Offer for Electrica Muntenia Sud Stake Acquisition
Iberdrola renewed its financial offer for the acquisition of a package of 67.5 percent of Electrica Muntenia Sud stock, which is currently undergoing a privatization process.…
Romania: CPI Down to 6.9% y/y in April '06
Inflatin fell down to a record low of 6.9% y/y in April, according to data released by the National Statistics Institute, but was well above the central bank's target of 4-6%.…
Romania: Industrial Companies' Q1 Turnover Up 6%
The total turnover of the industrial companies in Romania increased 6% in real terms in Q1:06, compared to the first quarter of 2005, showed data of the National Statistics Institute.…
Romania: Rompetrol Rafinare Expects Lower Net Profit in '06
Rompetrol Rafinare refinery expects for 2006 to achieve a net profit worth RON 36.5m (€10.4m) around five times lower compared to last year’s net profit.…
Romania Receives PHARE Funds of €4.5 mn for IT and Communication Projects
The Ministry of Economy and Trade (MEC) benefited from a EU non-repayable financing within some PHARE projects totaling 4.535 million euros for buying IT and communication equipment for Operator of Electricity Market of Romania (OPCOM), ACT Media news agency reports.…
Romania: Investments of €20 mn in Regenerative Energy Projects
The cooperation between the public and private sector for the reorganization of natural gas and electricity sectors within the Energy Community of South Eastern Europe was the main issue approached at the Conference on energy in South-Eastern Europe, ACT Media news agency reports.…
Romania: Services Sector and Foreign Investments on Rise in Q1
In Q106, the tertiary sector (services) accounted for a higher share of the Romanian economy and foreign investments increased considerably, announced the National Institute for Statistics (INS), ACT Media news agency reports.…