Archive » November 2006 » 10 November 2006 The english news from 10 November 2006
Romania: Constanta County Registers Biggest Growth in Romania
Constanta County registers the second biggest growth and economic development in Romania after Bucharest, therefore the real estate projects have not ceased to assault Constanta, Nine o' clock reports.…
Romania: Renault Signs Strategic Partnership w/ Mahindra
Renault and Indian car manufacturer Mahindra have signed a memorandum of understanding on opening a plant near Mumbay, India, with an estimated annual output of 500,000 motor-vehicles, five years after the project had been launched, the French company announced in a press release, Nine o' Clock reports.…
Romania: PM Hopes EU Funds Will Save Agriculture
Sustained with post-accession EU money, the Romanian agriculture should change from subsistence production to a market-oriented production, stated PM Calin Popescu Tariceanu at the official opening of the 11th edition of the international exhibition of agricultural equipment and products IndAgra, Nine o' Clock reports.…
Romania: Industrial Production Grows by 6.7% in Sept.
In September, industrial production growth stabilized advancing by 6.7%y/y, while during the first nine months of the year industrial production increased by 7.2% y/y.…
Romania: Temporary Passports for the Residents in the EU
The Foreign Ministry will introduce the “temporary passport” for Romanian residents in the European Union who demand it, according to HotNews Romania reports.…
Romania is Less Corrupt than the General Perception
In an interview for Deutsche Welle, quoted by EurActiv.ro, Miklos Marschall, the regional manager for Eastern Europe and Asia within Transparency International, talks about the Corruption Perception Index that placed Romania in the top of corruption in the EU-27, according to HotNews Romania reports.…
Romania, Bulgaria to Face Food Export Restrictions
The European Commission will restrict the exports of several food products made in Romania and Bulgaria, a resolution of the European executive institution announced, as quoted by Novinite.com. Bulgaria will have considerable less restraints, according to Hotnews Romania reports.…
Romania: Ron 100 mln for Projects in Rural Areas
Over 100 million RON will finance the eligible projects submitted by local authorities of communes or villages or those from the periurban areas of towns and municipalities of 40 counties. Government allotted the second installment of funds within the rural infrastructure Development Programme, according to the Government of Romania press release.…
Greece: Turkey-SE Europe expansion make NBG a 'true international player'
Through the Finansbank acquisition, National Bank gets access to the largest country in the region. With this move NBG becomes a true international player, with profits from SE Europe and Turkey estimated to contribute more than 30% of total by end 2008e. Moreover, the possibility of CEC's acquisition will also enhance the bank, as CEC assets are very high and they will highly benefit the buyer.…
Romania: Lafarge Sees 30% Increase in Sales
Cement producer Lafarge sees 30 percent increase in sales in the first nine months, announced the French group’s representatives, BusinesRomania.com reports.…
Romania: Tarom Might Become Member of Int'l Alliance
The General Manager of Tarom declared that the air operator wants to become a member of an international alliance, and until the end of the year the company will opt for Sky Team or Star Alliance, after reviewing both the benefits and obligations that emerge from such a contract, Nine o' Clock reports.…
Romania: MTCT Approves Subsidies of RON 3 mil for Home Constructions
The Ministry of Transports, Constructions and Tourism (MTCT) will be allocated RON 3 M for subsidising circa 100 home constructions, according to Mediafax.…
Romania: Insurance Mkt to Reach 1.7% of GDP in '06
The Romanian insurance market will reach 1.7 percent of GDP this year, while over the first nine months of the year the volume of the subscriptions from insurance contracts reached 1.2 billion euros.…
Romania: Asirom Ins. to Raise Cap by €13 mil
Asirom insurance company, controlled by Ioan Niculae businessman through Interagro group, proposed to the company’s shareholders to increase the share capital by EUR 13 Mn.…
Romania: Citigroup Considers Acquisition of Local Bank
The largest bank group of the world intends to expand its activity in Romania, either by larger investments in developing, or by purchasing a local bank, the president of corporate and banking investment division for Europe, the Middle East and Africa, William J.Mills said, ACT Media news agency reports.…
Romania: Romgaz Plans Investments of €200 mil in 2007-2010
Romgaz, a state-owned gas producer, plans to invest 220 mln euro in development in the period of 2007 to 2010, the company announced.…
Romania: Piraeus Bank Romania Assets Reach €690 mln
Piraeus Bank Romania, the local arm of Greek Piraeus Bank, posted assets of 690 mln euro at end-September 2006, rising from 511 mln euro at the end of 2005, according to bank's financial report.…
Romania: Pharmaceutical Mkt to Rise by 19% in '06
The Romanian pharmaceutical market is expected to rise this year by 19%, from the EUR 1.2 mn level registered in 2005, and for the next 3-5 years a growth rate of 15% at most is estimated, according to Cegedim Romania research company.…
Romania: Residential Real Estate Mkt on High Growth
The residential real estate market records at this moment an unprecedented boom, the investors coming either from the future “colleagues” from the European Union, the Near or the Far East, or from overseas, announcing almost every day the initiation of another residential project, Nine o' Clock reports.…
Romania: Raiffeisen Romania Assets Increase of 17.9%
The Romanian branch of Raiffeisen International recorded at the end of September an increase in assets by 17.9% y/y, reaching €3.57bn, according to the quarterly report.…