Archive » November 2006 » 07 November 2006 The english news from 07 November 2006
Romania: IKEA will have 400 Employees
Swedish giant IKEA, the world's leading furniture retailer, will have employed 400 members of staff in Romania by next spring, when it will open its first outlet on the local market, according to Ziarul Financiar.ro reports.…
Romania: Blue Telecom to be Listed on the BSE
CCC Blue Telecom, the third-largest player on the cable TV service market, held by businessman Catalin Chelu from Galati, will launch a public offering in the next two weeks in view of listing on the Bucharest Stock Exchange. The company hopes to raise at least 14 million euros in exchange for 25% of its shares, according to Ziarul Financiar.ro reports.…
Romania: Petromidia Among Europe’s 25 Most Profitable Refineries
Rompetrol Rafinare, a member of the Rompetrol Group that manages the Petromidia Refinery, intends to rank among Europe’s 25 most profitable refineries in the next three years, Nine O'Clock reports.…
Romania: Rompetrol Plans to Become Electricity Supplier
Rompetrol group intends to become an electricity supplier, by building a co-generation thermal power plant in Midia, with the investment value put at some EUR 40-44 M, Nine O'Clock reports.…
Romania Receives €180 mil Loan from World Bank
The World Bank's Board of Executive Directors approved a new loan to Romania of $180 million for a Transport Sector Support Project, ACT Media news agency reports.…
Romania: Bucharest-Constanta Railway to be Upgraded by 2008
Rehabilitation works at the railway route Bucharest-Constanta are ready in proportion of 20 per cent and will be completed in December of 2008, in line with the original calendar, the Romanian Railway Authority (CFR), Nine O'Clock reports.…
Romania: AchieveGlobal Estimates €1.2 Mln Y2006 Turnover
Training provider AchieveGlobal Romania estimates a Y2006 turnover of 1.2 million EUR, Bursa reports.…
Romania: Cristiro - Bistrita Reports 40% Turnover Slump
Glassware manufacturer Cristiro - Bistrita has reported a net turnover of 4.9 million RON for the first nine months of the year, down by 40 percent year-on-year from 8.2 million RON, Bursa reports.…
Romania to have Transport Infrastructure at European Standards
Romania is to have a transport infrastructure at European standards, a number of projects are to be developed with European, budgetary and private funds too, said in Rome Constantin Dascalu, Secretary of State with the Romanian Ministry of Transports, Civil Engineering and Tourism, ACT Media news agency reports.…
Romania: Work on Bucharest-Brasov Motorway to Start in March'07
Work on Bucharest-Brasov motorway will start in spring, announced Minister of Transports, Civil Engineering and Tourism Radu Berceanu, ACT Media news agency reports.…
Romania Will Receive €16.9 bn in Structural Funds in 2007-2013
Romania will have to make more efforts in terms of developing projects to spend European structural funds, with the funds to reach 16.9 billion euros over the 2007-2013 interval, with the amount representing an increase by 3.7 percent as compared with the one in the 2000-2006 interval that was worth 4.5 billion euros, ACT Media news agency reports.…
Romania: Corruption Perception Indicator Rises 10%
The corruption perception indicator in Romania for 2006 rose by 10 per cent compared to last year to 3.1 points, which suggests that anti-corruption reforms had been ineffective, reads a report published by Transparency International, Nine o' Clock reports.…
Romania: Bank Deposits Rise 40% in Sept '06
The total volume of bank deposits in late September was RON 104.9 bln, 40 per cent more than in September 2005, according to data made public yesterday by the National Deposit Guarantee Fund (FGDB).…
Romania: UniCredit Analysts See Intervention Interest to Rise to 9%
UniCredit group analysts maintain their opinion on needing to tighten the monetary policy in Romania, given the abatement of taxes and inflation pressure after the EU accession, and expect the National Bank to raise the intervention interest rate to 9% by the end of this year, Nine o' Clock reports.…
Romania: Alum Tulcea Posts 9-mo Net Profit of €6 mil
Alum Tulcea alumina producer reported for the first nine months of this year a net profit of EUR 6 Mn (RON 21.4 Mn), compared to the EUR 21.4 Mn (RON 77.6 Mn) losses in the first three quarters of last year.…
Romania: Funds Will not be Redistributed for Salaries in Education
The MPs members of the joint Commissions on budget-finance approved the draft of the 2007 state budget law, finalizing the discussions over the annexes, after they voted in last week the text of the normative act and some of the budgets of the credit officers, Nine o' clock reports.…
Romania: Oracle Increases Ops
Oracle Romania, a subsidiary of the world's leading business software developer, rented additional office space besides the two locations it already operates in, so as to be able to cope with the increase in the number of employees to 800 people, once having opened its 11th services and support centre in Bucharest, reads Ziarul Financiar daily, ACT Media news agency reports.…
Romania: Immoeast Invests €100 mln in Constanta Real Estate Project
Investment fund Immoeast will develop through Harborside Imobiliara one of the largest real estate commercial projects in Romania, Trident Plaza located in Constanta (south-east of Bucharest), worth 100 million euros, the company announced, ACT Media news agency reports.…
Romania: Foreign Companies Grant Loans of €1.97 bn to Romanian Subsidiaries
Foreign companies granted to their local subsidiaries loans amounting to EUR 1.975 bln in the first eight months of the year, accounting for 45.6 per cent of the foreign direct investments attracted in January – August (EUR 4.33 bln), Nine o' clock reports.…
Romania: Dafora Increases Stake in Condmag
The Rasdaq-listed oil services company Dafora Medias acquired 19.5% of Condmag’s shares for RON 26.5m (€7.3m), increasing its stake to 26.23%.…