Archive » May 2006 » 25 May 2006 The english news from 25 May 2006
Romania: Rompetrol Downstream Predicts 37% Turnover Growth
Rompetrol Downstream, the retail division of the oil Group Rompetrol, anticipates a turnover of 685 million USD, up 37 percent compared to the previous year, according to the Company's press release and Act media news agency.…
Romania: Rompetrol Rafinare to Invest $141 mil by 2008
The Rompetrol Group will invest, in the following two years, over 140 million USD in the Petromidia refinary, to reach European standards of quality for fuels and environment, ACT Media news agency reports.…
Romania's: EU Accession Will Boost Infrastructure Investments
Investment funds managers support that the economic sectors involving infrastructure will grow after Romania's EU accession in order to reach the level of other European states.…
Romania: CPI Up 0.4% m/m in April '06
In April 2006, the increase in consumer prices against the previous month was up 0.4%, according to data released by the National Statistics Bureau.…
Romania: BCR Leasing Finances €78 mil in Assets
BCR Leasing financed, in the first four months of 2006, more than EUR 78 million in assets, a 26 percent increase compared to the same time period last year.…
Romania: Spain is Among Top Investors in Romania
Spanish foreign direct investments in Romania amounts to 200 million euros while bilateral trade reaches about 1.1 billion euros. The investment figure could rise if Spanish company Iberdola wins the privatization race for Electrica.…
Romania: E.ON Gaz Romania Posts '05 Losses of 121 mln lei
For 2005, E.ON Gaz Romania reported a loss of 121 million lei, according to the representatives of the company, who state the loss is due mainly to the fact that the price of natural gas for the end-user did not rise at the same time as the acquisition price, ACT Media news agency reports.…
Romania: Moody's Upgrades Romania's Rating to 'A2'
Moody’s Investors Service has improved the ceiling of the long term sovereign rating granted to Romania from “Ba1” to “A2,” as a result of the methodological change that conducted to the positive revision of the ratings for 70 countries, announced the financial evaluation agency, Nine o'Clock reports.…
Romania: Group Romet Buzau Reports Double Turnover
Producer of water-purifying equipment Group Romet, located in Buzau city has reported a 2005 business turnover of 43.8 million euros, almost twice the figures posted in 2004, according with Act media news agency.…
Romania: Q1 2006 Foreign Investment, Up 143 Percent From Q1 2005
The volume of foreign investment drawn in Q1 206 reached 1.7 billion euros, up 143% from Q1 2005. The highest level ever recorded in Q1 is close to the level of foreign investments drawn from January to July 2005 - 1.8 billion euros, according with Act media news agency.…
Romania Cosmote Draws Over 220,000 Clients in Q1 2006
After four months in business, Cosmote Romania enjoys a strong commercial presence on the Romanian market. It has succeeded, through its flat pricing policy and accessible services, to draw 226,587 new clients in Q1 2006 (versus 48,934 year-end 2005, according to Act media news agency.…
Romania: American Co. Du Pont Enters Romanian Construction Materials Sector
American group Du Pont with activities mainly in agriculture will enter in 2006 the local Romanian market for construction materials, wrote daily Ziarul financiar, ACT Media news agency reports.…
Romania: Price Stability is Highly Valuable for EU, BNR Governor Says
The governor of the National Bank of Romania (BNR) Mugur Isarescu reiterated the special importance of price stability for the further healthy economic development in Romania, since price stability is a highly valuable social asset, ACT Media news agency reports.…
Romania, Cyprus: Cypriot Co. Pays 6.8 mn lei for 33% in Rolast Pitesti
The Cypriot company Naniero Investments Ltd. Nicosia-based bought from three different investment funds some 33.01 percent of the shares of the auto sub-assemblies producer Rolast Pitesti-based (central-south) for 6.8 million euros, (around 1.95 million euros), ACT Media news agency reports quoting Bursa daily.…
Romania: Finnish Metsaliito Sells Finnforest Romania to Austrian Co.
Finnish group Metsaliito operating in the wood industry plans to sell to the Austrian trade chain J.u.A Friescheis the distribution company Finnforest Romania, daily Ziarul financiar reports on Tuesday.…
Romania: Athens Stock Exchange Wishes to Form Alliance w/BVB
The Bucharest Stock Exchange /BVB/ came under the attention of international stock exchanges with a view to creating a fusion or alliance, at a moment when capital markets all over the world are under change, according to stock exchange analysts, ACT Media news agency reports.…
Romania, Croatia Promote Partnership in IT Field
The visit of the delegation of the Ministry of Communications and Information Technology (MCTI) to the Republic of Croatia between May 22 and 23 resulted in the consolidation of the partnership between the two countries in information technology, ACT Media news agency reports.…
Romania: Foreign Investment in Q1 Up 143%
The volume of foreign investment drawn in Q1 206 reached 1.7 billion euros, up 143% from Q1 2005. The highest level ever recorded in Q1 is close to the level of foreign investments drawn from January to July 2005 - 1.8 billion euros, ACT Media news agency reports.…
Romania: Foreigners Acquire Romanian Shares and Bonds Worth €376 mil, Jan-April '06
The volume of shares and bonds purchased by foreigners in the first four months of 2006 on the Romanian capital market exceeded 376.67 million euros ($454.21 million or 1.344 billion RON), according to data centralised by the National Securities Commission (CNVM), ACT Media news agency reports.…
Romania: Gold Mine Rosia Montana Closes Down
The gold mine in central Transylvanian Rosia Montana will close down five months before the due time because of 50 bln RON debt, and 427 employees will lose their jobs, ACT Media news agency reports.…