Archive » November 2006 » 14 November 2006 The english news from 14 November 2006
Romania: Carpatica Bank Approves Share Cap Raise of €6.8m
Carpatica Bank’s shareholders approved a share capital increase of RON 24m (€6.8m) to RON 139.7m (€39.4m).…
Romania: Azomures Registers 9-mo Turnover Down 10%
Azomures, a BSE-listed chemical company, registered a 9-mo turnover of RON 474.8m (€133.3m), down 10% y/y, and a loss of RON 7.4m (€2m), while last year’s same period recorded a profit of RON 13.7m.…
Romania: European Integration to Come with Investors in Food Industry
Romania's integration with the EU is expected to attract many investors in the Romanian food industry, according to a manager with the Polish Mitmar company, a supplier of raw materials for meat, fruits and vegetables processing companies, ACT Media news agency reports.…
Romania Discuss Agricultural Cooperation with Luxembourg
Romanian Minister of Agriculture, Forestry and Rural Development (MAPDR) Gheorghe Flutur and Minister of Agriculture, Viticulture and Rural Development of Luxembourg Fernand Boden met at the headquarters of MAPDR in Bucharest to discuss the forthcoming accession of Romania to the European Union and agricultural cooperation between the two countries after the accession date, ACT Media News Agency reports.…
Romania: Turkey Getting Ready for EU by Investing in Romania
The Turkish companies are getting ready to integrate into the European Union before their country's official adhesion, by the investments they are going to make in Romania, ACT Media news agency reports.…
Romania: State Aid €850 M for Regional Development and SMEs
The regional development and the stimulation of the SMEs sector could benefit, as of next year, from a total annual average budget of EUR 850 M under the form of state aid, ACT Media news agency reports.…
Romania: Taxes Alone not Enough to Attract Investors
The current Romanian taxes encourage foreign investments, but they are not enough by themselves to make Romania a more investor-friendly country, shows a survey conducted by consultants KPMG, ACT Media news agency reports.…
Romania: Renault - Mahindra Partnership to Market the Dacia Logan in India
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, ACT Media news agency reports.…
Romania: Youth Positive on EU Integration Despite Challenges, Says Survey
Romania is undergoing a complex transformation period which is of great interest to the study of societies currently in transition. Romania represents an example of the process of building into an enlarged Europe.…
Romania: Investments in Shares on Rasdaq Make 37% in Profits
The investment in shares on Rasdaq market of Bucharest Stock Exchange yielded 37.74 percent in average profits in the past 12 months, Intercapital Invest brokerage company said, ACT Media news agency reports.…
Romania: Gov't Approves €46 mil Salary Fund Increase for State Firms
The limits of the salary fund and of the average number of personnel for the current year in the state companies monitored by the Government, which are in the Ministry of Economy and Trade (MEC), Ministry of Transport, Constructions and Tourism (MTCT), and the Authority for State Assets Resolution (AVAS) portfolio, were raised, after almost half of the entities exceeded in the first half-year the limits set at the beginning of the year, Nine o' Clock reports.…
Romania: EIB to Finance Road Infrastructure Project
The European Investment Bank (EIB) might finance half of the value of a project worth EUR 400 M in total for the restoration of the road infrastructure damaged by the floods, the international organisation reported, Nine o' Clock reports.…
Romania: Petrom, BCR, Orange Are Most Valuable Companies
Petrom, BCR and Orange are, in this order, the most valuable companies in Romania, according to the ‘100 Most Valuable Companies in Romania’ Listings edited by the ‘Ziarul financiar’, that will be on the market tomorrow, Nine o' clock reports.…
Romania: Mittal Steel Iasi Posts 9-mo Turnover Down 9%
The Rasdaq-listed steel tubes manufacturer Mittal Steel Iasi recorded for the first nine months of this year a turnover of RON 174.2m (€48.9m), down 9% y/y, and a loss of RON 6m (€1.6m), compared to last year’s same period loss of RON 37.6m (€10.5m).…
Romania: Comelf Posts 15% Increase in 9-mo Net Profit
The environment protection equipment manufacturer Comelf achieved a nine-months sales figure of RON 71.3m (€20m), 10% higher than last year’s same period, and a net profit of RON 2.59m (€0.7m), up 15% y/y.…
Romania: Erste Bank Presents Business Plan for BCR
Austria’s Erste Bank, the majority shareholder in the Romanian Commercial Bank (BCR), presented to the five financial investment companies (SIFs) the development plan for the Romanian bank.…
Romania: Orange-Vodafone Partnership is Dangerous, Says Cosmote Romania GM
The Orange-Vodafone in the mobile phone market in Romania is more dangerous than the former monopoly in the field of fix telephony of Romtelecom, the general manager of Cosmote, Nikolaos Tsolas said.…
Romania: NRC Tenders for Installation of Public Pay Phones
The National Regulation Authority in Communications has recently presented a project by which, as of December 2006, tenders will be organized for the installation of public pay phones in the rural area with less than 400 inhabitants, ACT Media news agency reports.…
Romania: Construction of Pan-european Corridor to Start in 2008
The building of pan-European transport corridor 9 will start in the spring of 2008 with Ploiesti-Focsani section (south), Romania's Minister of Transport, Civil Engineering and Tourism Radu Berceanu said, ACT Media news agency reports.…