Archive » November 2006 » 21 November 2006 The english news from 21 November 2006

  • Romania: Fitch Affirms UniCredit w/ 'A-' Rating

    Fitch Ratings Agency affirmed UniCredit Romania S.A.'s ratings at Issuer Default 'A-', Short-term 'F2', Support '1' and Individual 'D'. The Outlook is Stable.…

  • Romania: Public Procurement Bids Procedure is Questioned

    Business peoples representatives challenge the public procurement bids organised in the infrastructure, medicine and electricity sectors, which they believe to be non-transparent, and ask for legislation changes in the public procurement field, Nine o' clock reports.…

  • Romania: Over 36,000 Authorizations Issued for Residential Complexes Construction

    Over 36,000 construction authorisations for residential buildings covering an overall area of 6.61 million square metres were issued in first nine months of this year, according to figures centralised by the National Statistics Institute (INS), ACT Media news agency reports.…

  • Romania: Immoeast Fund Buys Center for 210 mil

    Immoeast Austrian Fund bought Polus Center in Cluj-Napoca, currently under construction, for 210 million euros, ACT Media news agency reports.…

  • Romania: Rompetrol Plans to Sell 10-25% Stake

    The investment bank Morgan Stanley received a mandate from the petroleum group Rompetrol for finding interested investors in acquiring a 10-25% stake in the groups holding company The Rompetrol Group BV (TRG), said sources close to the matter.…

  • Romania: Gov't Supplements Expenditures w/ 310m

    The Government adopted the 4th Budget rectification this year, supplementing total expenditure by 310m based on some additional 280m budget revenues.…

  • Romania: Northpoint Residence, New Real Estate Investment in Bucharest

    Residential district Northpoint residence, an investment worth 6 million euros by company Standpoint Invest, situated at about 1.5 km away from the Green Paradise will bring the real estate market 20 new villas and a block of flats, reads a release by Regatta company, promoter of the residential complex, ACT Media news agency reports.…

  • Romania: Vitan Platinum Towers to Generate 300 New Flats

    Residential real estate project Vitan Platinum Towers, an investment worth 35 million euros, will bring about 300 medium-class flats to the real estate market of Bucharest City, Deputy Chairman of the Platinum Group, the project developer, ACT Media news agency reports.…

  • Romania: Immoeast Austria Buys Polus Center in Cluj-Napoca

    Immoeast Austrian Fund bought Polus Center in Cluj-Napoca, currently under construction, for 210 million euros.Immoeast bought this year 25 percent of Trigranit Holding shares, constructor of the center, ACT Media news agency reports.…

  • Romania: Carrefour to Produce Textiles Under its Own Brand

    After January 1, 2007, Carrefour will import for the Romanian market garments under its own brand and it might also subcontract a part of its production to some local facilities,ACT Media news agency reports.…

  • Romania: Premier Asks to Speed Up Measures ahead of EU Entry

    Premier Calin Popescu-Tariceanu requested, during the meeting of the Executive Committee for European Integration (CEIE), that the settlement of the issues included in the plan of priority measures worked out after the European Commission's Sept. 26 Report be sped up, reads a press release of the government's Press Bureau, ACT Media news agency reports.…

  • Romania: EU Entry Could Bring More Export Opportunities

    Romania's accession to the European Union could create new export opportunities, given that currently, only 5 percent of the Vincon Vrancea's production goes to other markets, said marketing manager of wine maker Sorin Ichim, ACT Media news agency reports.…

  • Romania: Intercontinental Hotel Estimates Turnover Up 60% in '06

    The five-star Intercontinental Hotel in Bucharest estimates to post a turnover worth 13 million euros this year, up by over 60% compared with 2005, ACT Media news agency reports.…

  • Romanian Software Co. Expands its Business to China

    Romanian software company Kepler-Rominfo entered last year the Chinese market, with solutions for revenues management for fiscal administration of a region and for McDonald's China, intending to launch some applications of meteorological supervision for airports' administration, ACT Media news agency reports.…

  • Romania to Spend $20 mil for Public Building Consolidation

    The Ministry of Transport, Construction and Tourism (MTCT) will spend next year approx. USD 20 M on the consolidation of high seismic risk buildings, Nine o' Clock reports.…

  • Romania: Generali Asigurari 9-mo Premiums Increase 140%

    Generali Romania underwrote insurance premiums totalling RON 210.88 M (approx. EUR 60 M), in the first nine months of the year, approx. 138 per cent more than the level reported for the corresponding period of last year, the insurer announced in a news release, Nine o' Clock reports.…

  • Romania: Air Traffic to Increase 20%

    Air traffic towards and from Romania is expected to increase at least 20 percent next year, with the airlines to reach 360 million euros in sales, according to estimates of the Romanian branch of the International Air Transport Association (IATA), ACT Media news agency reports.…

  • Romania: Fitch Upgrades Bancpost to 'A-'

    Fitch Ratings upgraded Romania-based Bancpost's ('BP') ratings to Issuer Default 'A-' (A minus) from 'BBB+' and to Support '1' from '2' . The Outlook is Stable.…

  • Romania: State Becomes Again Owner of Republica Plant

    The court passed a decision in relation to the bankruptcy of Republica plant, admitting the request of the entity in charge of winding it up to have the privatisation contract terminated, so that the State has become again the new owner of the plant, according to those declared by the union leader, Constantin Dobre said, Nine o' clock reports.…

  • Romania: Bechtel to Expedite Works on Transilvania Motorway

    The American company Bechtel will work the entire winter on two sections of Transilvania motorway (Brasov -Bors) in order to make up for the delays, public relations manager at Bechtel Bodgan Sgarcitu said, ACT Media news agency reports.…

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