Archive » May 2006 » 19 May 2006 The english news from 19 May 2006
Romania: Volksbank '05 Net Profit at €2.7 mil
Volksbank Romania posted a net profit of EUR 2.7 M at the end of last year, for a value of the total balance sheet assets of around EUR 509 M, according to the financial results submitted by the bank, Nine o'Clock reports.…
Romania: Economic Growth Estimated to Reach 6.5-7% in Q1:06
Economic growth in Q1 2006 could reach 6.5-7 percent, a significant rise compared to last year when it stood at 4.1 percent, Ziarul financiar reported, ACT Media news agency reports.…
Romania: Synergy Construct Allocates €46 mil for Projects in '06
Synergy Construct, a construction company with Turkish capital, has budgeted for 2006 projects of EUR 46 M, up 100 per cent vs. last year, Nine o'Clock reports.…
Romania: Medvedev: "Nabucco Pipeline Cannot be Done Without Gazprom Support"
Gazprom head Alexander Medvedev signed a natural gas delivery contract to Romanian company Conef and discussed issues related to the transnational Nabucco pipeline with the Romanian authorities in Bucharest, ACT Media news agency reports.…
Romania: BVB: Share Prices Fall 1,54% on Average
The prices of shares listed on Bucharest Stock Exchange (BVB) dropped on average by 1.54 percent during the trading session on Thursday, whereas the five financial investment companies (SIF) saw a depreciation by 0.99 percent on average, ACT Media news agency reports.…
Bulgaria, Romania Receive EU Dim Green Light, Economist Says
Brussels gave a dim green light to Bulgaria and Romania, as the two applicants are yet to deliver staunch proof of readiness for EU entry, the Economist wrote in its latest edition, Sofia News Agency reports.…
Romania: Mittal Steel to Launch Bid for Arcelor
Mittal Steel would formally launch a takeover bid for European rival Arcelor that would create the undisputed world champion of steel groups, Nine o'Clock reports.…
Romania: Rafo Onesti '05 Losses Down 60%
Rafo Onesti ended the 2005 financial year with a net loss of around RON 153.7 M, almost 60 per cent lower than the result of 2004, of RON 372.2 M, with a turnover of RON 1.846 bln, according to the financial data of the company, Nine o' Clock reports.…
Romania: Budgetary Revenues Up 15% in '05
Finance Minister, Sebastian Vladescu, presented at the government session a briefing of the revenues collected to the state budget in 2005 which rose 15 per cent compared to a year before, Nine o'Clock reports.…
Romania: Mergers & Acquisitions Total $5.8 bln in '05
The interest stirred by the foreign investors for the Romanian assets was fully demonstrated last year, when the value of the mergers and acquisitions made on the Romanian market was four times bigger compared to 2004. According to a PriceWaterhouseCoopers survey, the value of the mergers and acquisitions made last year on the Romanian market was $5.8 bln, Romania rising two positions, on the fourth place, in the top countries from Central and Eastern Europe, behind Russia, the Czech Republic and Poland, Nine o'Clock reports.…