Archive » November 2006 » 16 November 2006 The english news from 16 November 2006
Romania: Silcotub Posts Record Results
Silcotub Zalau, company held by Tenaris, the world’s largest pipe manufacturer, posted record results in the first three quarters this year, better than those in the previous year, according to a company's communiqué, Nine o' Clock reports.…
Romania: Foreign Textile Co's Target Romanian Mkt
Major European clothing manufacturers and textiles plan to locate their factories in Romania, mainly because of the cheap workforce and the possibility of having a quicker payoff from their investment, said textile companies representatives.…
Romania: Swiss Investments Account for 3% of FDI
Swiss investments in Romania reached over 418 million euros in August, accounting for about 3 percent of the total of foreign direct investments in Romania, according to the information given by economic adviser with Romania's Embassy to Switzerland Rodrig Dinulescu.…
Romania: Zentiva Posts Decreasing 9-mo Net Profit by 42%
The BSE-listed pharmaceutical producer, Zentiva, formerly known as Sicomed, recorded for the first nine months of this year a net profit of €5.15m, down 42% compared to the corresponding period of last year, registering a €47.1m turnover, 10.3% higher y/y.…
Romania: Artrom Slatina Posts Q3 Net Profit of 23.971 mil RON
Artrom Slatina Co., in southern Romania, a maker of mechanical pipes for special purposes, reported in the third quarter a net profit of 23.971 million RON, with the total revenues standing at 265.785 million RON and the expenditures at 344.757 million RON, according to data from the Bucharest Stock Exchange.…
Greece: Alpha bank nearly doubles its mortgage credits in SEE
Alpha Bank’s SEE profits increased by 5.0% y-o-y and reached €50.3m versus €48.0m. SEE loans posted a 36.0% y-o-y increase with Bulgaria, FYROM and Romania to enjoy the highest growth rates. Deposits in the region also rose by 25.9% y-o-y.…
Montenegro: Economic Forum for SE Europe begins
Montenegrin resort of Milocer on the Adriatic coast is hosting the third regional meeting of Economic Forum for Southeast Europe. The topic of the two days meeting that started on Wednesday is "Competitors and partners on the way to the EU" and its organiser is the NGO Regional Economic Forum for Southeast Europe from Sarajevo, reports Serbia and Montenegro Today (SMT).…
Romania: AVAS Changes Privatization Procedure for Antibiotice Iasi
The Authorities for State Assets Recovery (AVAS) has modified the terms of the privatization process of Antibiotice Iasi, after its decision that the privatization strategy would be amended by the selection of a financial consultant.…
Romania: Real Estate Adama Doubles Investments
The real estate developer Adama, which carries out projects worth over 400 million euros on the local market, plans to double the value of its investments over the following couple of years, ACT Media news agency reports.…
Romania: Silcotub Reports Record Results
Silcotub Zalau, company held by Tenaris – world’s largest pipe manufacturer – repots record results in the first three quarters this year, better than those in the previous year, according to Nine O'Clock reports.…
Romania: Transilvania Receives €60 mil Loan
Banca Transilvania won far-reaching international support for its ambitious development plans as a number of international financial institutions agreed to grant the bank a €60 mil loan .…
Romania: Salaries in Public Sector Remain a Secret
The Constitutional Court ruled that the salaries of people working in the public sector constitute secret information although they are supposed to disclose them in the financial disclosures, Nine o' Clock reports.…
Romania: New Version of Criminal Code Sent to Courts
The Ministry of Justice sent to all courts and Prosecutor’s Offices a first version of a new draft Criminal Code, Nine o' clock reports.…
Romania: Electrica Oltenia Posts 9-mo Revenues of €272 mil
Electrica Oltenia, owned by Czech company CEZ, the largest company in the sector of utilities in Central Europe, reports revenues of around EUR 272 M in the first nine months of 2006, according to CEZ quarterly report, Nine o' Clock reports.…
Romania: Offers for on-line Card Payments due by Dec. 1
The company interested to provide on-line card payments for the ‘Virtual Payment System’ can submit offers until December 1, to the Ministry of Communications and IT (MCTI), the institution announced, Nine o' Clock reports.…