Archive » November 2006 » 08 November 2006 The english news from 08 November 2006

  • Romania: E.ON Gaz Will Sign Nat Gas Contracts

    E.ON Gaz Romania decided in principle to sign natural gas supply contracts with gas producers for the winter, sources with the former Distrigaz Nord announced, Nine o' clock reports.…

  • Romania: Asirom Considers Share Cap Raise

    The insurance company Asirom called the EGSM on December 4 for the shareholders on the record on November 14, to approve a cash share capital increase of 13m to 31m.…

  • Romania: Erste Bank Shares to Enter BSE in 2007

    The shares of Erste Bank will be listed on the Bucharest Stock Exchange (BSE) in one year at most, with a view to allowing the employees who will exchange their shares in BCR commercial bank into Erste Bank shares to sell them after a minimum holding period, according to an official of the Austrian bank.…

  • Romania: Somes Dej Posts 9-mo Turnover of 27.9m

    Somes Dej, cellulose and paper manufacturer, part of the Romanian Commercial Services (SCR) group, posted a nine-month turnover worth 27.9m, similar to the value registered in the corresponding period of 2005.…

  • Romania: Electrica Registers 9-mo Turnover Lower by 23%

    The national power distributor and supplier Electrica recorded for the first nine months of this year a consolidated turnover of RON 4.28b (1.22b), down 23% y/y.…

  • Romania: BCR Launches Public Offering for Bonds

    The Romanian Commercial Bank (BCR), controlled by the Austrian Erste Bank, starts a public offering of RON denominated bonds worth RON 200m (56.95m).…

  • Romania: Alum Posts 9-mo Pofits of 6 mil

    Alum Company in Tulcea (south-eastern Romania), the biggest Romanian calcinated alumina maker, earned profit worth 6 million euros during the first nine months of 2006, reads a RASDAQ market report, ACT Media new agency reports.…

  • Romania: Farmec Co. Plans to Double Sales

    Farmec Co., the biggest Romanian-held cosmetics producer, projects turnover worth 18.7m euros for this year and double sales of products in the Gerovital H3 range, which has been recently re-launched under a new formula, ACT Media news agency reports.…

  • Romania: Insurer Asiban Raises Share Cap

    The shareholders of insurer Asiban decided to rise the company's capital by 14,4 million euros (51 million lei) from 21.5 million euros (76 million lei), so as to get it out from the financial recovery procedure ordered by the Insurance Supervision Commission (CSA), ACT Media news agency reports.…

  • Greece: Our expansion plans focus on SEE, says Alstom's Chairman

    Generation plants to be constructed in the immediate future by PPC (Public Power Corporation SA), three tender competitions for private power generation plants, and, mainly, construction and modernization of energy networks in the SEE comprise the goals of the strategic cooperation agreement between Alstom and METKA (Metal Constructions of Greece SA), which was signed recently in Athens by the President and CEO of the French Group, Mr. Patrick Kron, and Mytilineos brothers, Evangellos and John.…

  • Romania: Finnish Rautaruukki to Invest 35 mil in Steel Plant

    The Finnish group Rautaruukki announced it would invest some 35 million euros in building a steel components plant, the group's first plant in Romania, to start producing late this year, ACT Media news agency reports.…

  • Romania: Agressione's 6-mo Profits Rise 25%

    Agressione, one of Romania's leading suppliers of office and printing paper, posted a turnover worth 10.6 million euros in the first six months of the year, up 25 percent from the same time last year, ACT Media news agency reports.…

  • Romania: Lukoil Invests $73.5 mil in Electricity Production

    Lukoil will invest USD 73.5 M to become supplier of electricity, by reconstructing the thermal power plant from Petrotel Ploiesti refinery, according to data sent yesterday by the Romanian Agency for Foreign Investments (ARIS).…

  • Romania: Tax Payment is an Easy Task, Say Companies

    Romanian companies allot an average 198 hours per year for payment of taxes to the State, approx. three times less than companies in Bulgaria, according to a report drawn up jointly by the World Bank and PricewaterhouseCoopers, Nine o' Clock reports.…

  • Romania: TotalSoft Plans to Acquire Software Companies

    Romanian TotalSoft software maker plans to increase the products and clients portfolio and buy other Romanian and foreign software companies in 2007, ACT Media news agency reports.…

  • Romania: S&P's Raises Romexterra's Rating to 'BB-'

    Standard & Poors (S&P) revised upward, from B to BB minus the rating for Romexterra Bank for the long term credits, and ceased to monitor the rating, Nine o' clock reports.…

  • Romania: Robust Growth Expected in Toursim Sector

    Romania will have received 6.5 million foreign tourists this year, up approx. 20 per cent as compared to last year, Vice-President of the National Tourism Authority (ANT) Lidia Sima stated in the World Travel Market, organised in London this November 6-9, Rompres reports.…

  • Romania: Astra Romana's 9-mo Turnover Falls by Half

    The refinery Astra Romana from Ploiesti registered in the first nine months a turnover of RON 6.9 M, a level reduced almost by half compared to the same period of the past year, and losses falling from RON 16.3 M to RON 2.8 M.…

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