Archive » November 2006 » 20 November 2006 The english news from 20 November 2006
Romania: PM Rejects Renegotiation of Petrom Privatization
The recent raise of natural gas prices following the pressures made by the only private producer in Romania, Petrom, led last week to President Traian Basescu and to PM Calin Popescu Tariceanu expressing publicly their standing in relation to the whole crisis of the sector, which is a preamble of the discussions scheduled at mid next week within the Supreme Country Defence Council (CSAT), Nine o' clock reports.…
Romania: Broker Cluj Posts 10-mo Profits up by 36%
Broker Cluj released gross profit of EUR 5.03 Mn (RON 17.83 Mn), up 36% y/y for the first ten months of 2006.…
Romania: Romania Will Need 15 yrs to Reach EU Development Standards, Says Roland Berger
The international consulting agency Roland Berger estimates that Romania will need some 15 years to reach the developmental standards of EU, especially in the infrastructure sector.…
Romania: Daewoo Craiova Prepares for Privatization Process
The minister of economy, Codrut Seres, stated that Daewoo Craiova is now under special administration, through which it prepares for the privatization process, which is being developed simultaneously with these procedures.…
Romania: Policolor Plans Establishment of Construction Services Co.
The management of the BSE-listed dye producer Policolor intends to set up a limited liability company with its primary objective being rendering constructions services.…
Romania: Reconstruction Capital II Fund Raises its Stake in Albalact
Reconstruction Capital II (RC2) investments fund acquired, at the end of last week, almost 11% of the dairy producer Albalact Alba-Iulia, raising its participation stake to 16.2%.…
Romania: Asirom Starts Financial Recovery
Insurance Supervision Commission (CSA) started the financial recovery procedures for insurance company Asirom, following a decision made two weeks ago.…
Romania: SIF Banat-Crisana Registers 10- mo Net Profit €1.3m
The financial investment company SIF Banat-Crisana registered in October a net profit of €1.3m, pushing its bottom line result over the first ten months of the year to €27.2m, the highest among the five SIFs.…
Romania: Monolit Development to Invest €100 mln in Bucharest
Real estate developer Monolit Development might invest some EUR 100 million to build a real estate project in Bucharest which will totalize 100,000 square meters, said the company’s marketing director Oana Roman, according to Credit Info Romania reports.…
Romania: Angst to Invest €10 mln in 2007
Companies group Angst allocated for 2007 total investments between EUR 7 million and EUR 10 million, within which some EUR 3 million are allocated to open a new production unit in Buftea, said the company’s general director Sorin Minea, according to Credit Info Romania reports.…
Romania's Economy Rising, Despite Widening Trade Deficit
Economic activity January 1 - November 30, 2006 continued on a rising trend, which confirms the persistence of a climate of consolidation of the main economic indicators, more accelerated in the fields of construction, retail trade, services and industry, the National Statistics Institute (INS) reports.…
Romania: Government Approves Fourth Budget Rectification
The Tariceanu cabinet approved on Monday, through an emergency ordinance, the fourth budget rectification in 2006, according to HotNews Romania reports.…