Archive » November 2006 » 15 November 2006 The english news from 15 November 2006
Romania: SN Orsova Posts 9-mo Net Profit of €1.6 mil
The Rasdaq-listed shipyard SN Orsova gained a nine-month net profit of RON 5.88m (€1.6m), over 10 times higher y/y, and a turnover of RON 55.8m (€15.6m), up 15.5% y/y.…
Romania: Biofarm's 9-mo Net Profit Drops 6%
The BSE-listed pharmaceutical products manufacturer Biofarm posted for the first nine months of this year, net profit of RON 9.9m (€2.8m), 6% lower y/y, while registering a turnover of RON 41.9m (€11.8m), 16.7% higher y/y.…
Romania: CEC Could be Privatized by Year's End
The privatisation of CEC will most likely be completed by the end of the year, Finance Minister Sebastian Vladescu said in an interview.…
Romania: Petrom Posts Q3 Net Profit Down 29%
The BSE-listed oil and gas company Petrom registered during Q3 of 2006 a net profit of RON 569m (€160.7m), down 29% y/y, while turnover advanced by 3% y/y to RON 3,363m (€160.7m).…
Romania: BRD Registers 9-mo Net Profit Up 12.2%
The BSE-listed bank BRD registered in Q3:06 a net profit of RON 161.8m (€45.7m), up 12.2% y/y, pushing the bank’s bottom-line result for the first nine months of the year to RON 477m (€134.7m), up 6.5% y/y, significantly below the 81% y/y net profit increase posted during the first nine months of the year 2005, even though net profit growth accelerated during Q3 compared to the 3.7% y/y increase registered during H1 2006.…
Romania: Israeli Real Estate Co. Buys West Park Project
The Israeli real estate development company BSR Europe, which will build some real estate complexes on the Romanian market, bought the West Park project for 14 million euros, a project developed by Rom Canada company, and for which the initial investments were estimated at 35 million euros, according to some sources involved in this transaction, ACT Media news agency reports.…
Romania: Reasons for not Privatizing CEC and Romanian Post Services
The sizing down process in the economy has played a major role in the development of post-December 1989 Romania, Nine o' Clock reports.…
Romania: Alum-Tulcea Posts Twofold 9-mo Turnover
Alum-Tulcea reported 434.32 million RON (125 million euros) in turnover for the first nine months of the year, up two times from the 206.5 million RON reported for the first nine months of 2005, ACT Media news agency reports.…
Romania: Flamingo to Focus Expansion to IT&C Segment
According to its retail managing director Jiri Rizek, the BSE-listed IT&C and home appliances group Flamingo will focus its strategy on the IT&C segment, where consumer demand is on a rising trend.…
Romania: Lafarge Posts 30% Rise in 9-mo Sales
French group Lafarge, the world's top producer of construction materials, posted 30 percent increase in its sales of cement in the Romanian market in the 9 months of this year, while its prices have been on the rise, ACT Media news agency reprots.…
Romania: Oltchim Privatization Could Attract Romanian Capital, Says Premier
The privatisation process of Oltchim Ramnicu Valcea (southern Romania) should allow for the possibility of attracting Romanian capital, Romanian Premier Calin Popescu-Tariceanu said upon the visit to the company, ACT Media news agency reports.…
Romania: Romanian Post Union Opposes Privatization
Posta Romana (The Romanian Post) union is opposed to the privatisation of the company in the coming years, considering that the sale of its assets and liabilities would be a real disaster, transmitted Mediafax correspondent, Nine o' Clock reports.…
Romania: Aerostar Posts Q3 Net Profit of 7.57 RON
Aerostar Co. in Bacau, eastern Romania, posted in the third quarter a gross profit of 8.748 million RON and a net one of 7.574 million RON, according to the financial data reported to the Bucharest Stock Exchange, ACT Media news agency reports.…
Romania: PSD Wants to Cooperate w/Unions in Elections
The president of the Social Democratic Party (PSD), Mircea Geoana, might give trade union leaders seats on the party’s lists for Parliament, Nine o' clock reports.…
Romania: Inflation Rate to Drop below 5%, Says BNR Governor
The inflation rate will drop under 5% at the end of this year, due to an accelerated disinflation pace, primarily supported by the combination of a permissive tax policy and a tight monetary policy in 2006, Governor of the National Bank of Romania (BNR) Mugur Isarescu stated, presenting the quarterly BNR Inflation Report, Nine o' clock reports.…