Archive » November 2006 » 19 November 2006 The english news from 19 November 2006

  • Romania: FGDSB May Provide Compensations if 15 Banks Were To Go Bankrupt Simultaneously

    The Bank Deposit Guarantee Fund (FGDSB) might provide compensations to the limit of 15,000 euros per depositor, both individual and corporate bank customers, in case 15 Romanian banks would simultaneously become insolvent, show data unveiled on November 6 by FGDSB Director Alexandru Matei, according to Rompres quoted by Ing Financial News Romania.…

  • Romania: Cigarettes, Beer and Soft Drinks, First 3 Consumer Goods in Point of Sales

    Cigarettes, beer and soft drinks were the first three consumer goods in point of sales in Romania in the eight months to end August, AC Nielsen market research company said, according to Rompres quoted by Ing Financial News Romania…

  • Romania: Real Estate and Precious Metals, Most Profitable Savings

    Romanians consider that real estate and precious metals are the most profitable forms of saving, reveals a market survey conducted upon the request of the Bank Deposits Guarantee Fund (FGDSB), on a group of 1,515 users of banking products and services, according to Rompres quoted by Ing Financial News Romania…

  • Romania: SIFs Continuing on a Rising Trend

    Securities traded by the Financial Investment Companies (SIFs) continued on a rising value trend on the Bucharest Stock Exchange (BVB) in the first session of the week that started on November 6, being also the most liquid stocks in the market, according to Rompres quoted by Ing Financial News.…

  • Romania: Intercontenental Estimates '06 Turnover Up by 60%

    The Rasdaq-listed hotel operator Intercontenental controlled by businessman Viorel Paunescu estimates for the current year a turnover of 13m, up 60% y/y. the highest estimated growth announced on the domestic five-stars hotel market segment (worth around 100m) where Intercontinental competes with JW Marriot, Crowne Plaza, Hilton, Howard Johnson, and Casa Capsa.…

  • Romania: Oltenia Acquires 2.5m Petrom Shares

    The financial investment company SIF Oltenia acquired on the market 2.5m Petrom shares, the total value of the transaction reaching nearly RON 1.5m (0.4m).…

  • Romania: AVAS Removes Electroaparataj from Rami Dacia Privatization Process

    The State Asset Resolution Authority (AVAS) has removed Electroaparataj from the Rami Dacia privatization process, and will begin negotiating with the association of the employees of the synthetic diamond manufacturer, Nine o' Clock reports.…

  • Romania: Mittal Steel Galati Risks Losing Environmental Permit

    Mittal Steel Galati company risks losing its environmental permit for delays in upgrading polluting installations, and needs to invest USD 76.1 M in measures for the protection of the environment, Environment Commissar Ion Drugan stated, Nine o' Clock reports.…

  • Romania: Draft Law on Participation in EU Decisions

    Deputy Vasile Puscas informed a news conference on November 7 of Parliament initiating a law package on applying the European policies starting on January 1, 2007, which mainly provides for the regulation of Romania's participation in the decisions made by the European Union, according to Rompres quoted by Ing Financial News.…

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