Archive » November 2006 » 22 November 2006 The english news from 22 November 2006

  • Romania: Terra Vision Puts €25 mln in Pipera Project

    Real estate developer Terra Vision will invest EUR 25 million to expand the residential project Terra Residence in the north of the capital with three other buildings which will include mainly apartments, according to Credit Info Romania reports.…

  • Romania: Cetelem and Flamingo Estimate 100,000 Co-branded Cards

    The number of Flanco-Cetelem co-branded cards will reach by year-end circa 100,000 units, compared with 75,000 units registered at the beginning of October, said Cetelem representatives, according to Credit Info Romania.…

  • Romania: SIF Muntenia Invests $ 7.5 mln on International Markets

    SIF Muntenia invested $ 7.5 million in the certificates issued by Societe Generale Acceptance NC SGA, a fund which operates on the markets in Europe, USA and Asia, according to Credit Info Romania reports.…

  • Romania: Mol Posts 60 % Iincrease in Turnover

    Mol Romania registered in the first nine of months of 2006 EUR 477 million in turnover, a 60 percent increase on the similar period of 2005, said the company’s general director Zsolt Szalay, according to Credit Info Romania reports.…

  • Romania: Australian Investment Fund Buys Cty Mall

    Australian investment fund APN Funds Management has taken over City Mall shopping complex, the third biggest mall in the capital city, in a deal worth approximately 103.5 million euros, a report of the financial investor reads, according to Ziarul Financiar.ro reports.…

  • Romania: Net Profit of UniCredit Bank Jumps By 123% in Q3

    Unicredit Bank Romania reported a higher profit twice as much in the third quarter of this year, a positive evolution of the net total revenues and assets, as well as the continuation of higher volumes of credits granted to the population and companies, ACT Media news agency reports.…

  • Romania: Real to Open Three Units in Craiova, Satu-Mare and Brasov

    Real will open next week a new store in Craiova. Two other units will be opened in December in Satu-Mare and Brasov, according to Credit Info Romania reports.…

  • Romania: Largest Commercial Park in Transylvania is Launched in Sibiu

    The largest Commercial Park in Transylvania, which is also the first European RetailPark of the Belgian company BEL ROM in Romania, was inaugurated on Thursday in the village of Selimbar near National Road 1, at the entrance to the city of Sibiu (north-west of Bucharest), ACT Media news agency reports.…

  • Romania: Petrom to Invest €3bn in Nat Gas Production by 2010

    Romanian oil company Petrom will invest over three billion euro by 2010 including one billion in 2007 alone in securing Romania’s crude and natural gas production, a company press release says, according to HotNews Romania.…

  • Romania: Cement Market to Top Half Billion Euros in 2007

    The cement market next year will top half a billion euros according to estimations made by CIROM, the employers' association in the cement and other building materials industry, ACT Media news agency reports.…

  • Romania: BCR Posts 21% Bond Oversubscription

    Investors oversubscribed by 21% the recent bond issue of the Romanian Commercial Bank (BCR) with a 3-yr maturity and bearing a fixed annual interest rate of 7.25%.…

  • Romania: Australian Fund Takes Over City Mall

    Australian investment fund APN Funds Management has taken over City Mall shopping complex, the third biggest mall in the capital city, in a deal worth approximately €103.5m.…

  • Romania: Romtelecom, Union Criticize Authorities for Discriminatory Policies

    Romtelecom and company unions criticised the National Communication Regulatory Authority, claiming that the institution implements a discriminating policy which leaves the company at a disadvantage as to competitors, Nine o' Clock reports.…

  • Romania: Kepner-Tregoe Consultancy Enters Romanian Mkt

    Kepner-Tregoe company which operates in the field of consultancy and training entered the Romanian market, opening a subsidiary, a company release informs, ACT Media news agency reports.…

  • Romania: Chimcomplex Borzesti Posts 9-mo Net Profit Five Times Up

    Chimcomplex Borzesti SA, one of the most important chemicals works of Romania, posted a 9-mo net profit almost five times bigger than in 2005, ACT Media news agency reports.…

  • Romania: Aviva Ins. Co.Registers 27% Increase

    The assets of insurance company Aviva Romania registered a 27 percent increase, their value reaching this year 125.5 million RON (approximately 35.8 million euros) at the end of September, as against 98.8 million RON (28.2 million euros) in the similar period of 2005, ACT Media news agency reports.…

  • Romanian Franchises Generate Turnover of €1 bn y/y

    Romanian franchises are starting to find their way onto a market annually generating turnover worth one billion euros, ACT Media news agency reports.…

  • Romania: Antibiotice Iasi Posts 12.8% Business Increase

    Iasi-based local producer Antibiotice posted a turnover worth some 37 million euros in the first nine months of the year, a 12.8 percent increase against the corresponding period of last year, ACT Media news agency reports.…

  • Romania: Copos Price Bid for BCR Shares to Exceed Erste Offer

    Businessman George Copos intends to buy BCR shares, jointly with a group of investors, for a price higher than the one proposed by Erste to employers, after November 24 when the Austrian bank’s tender concludes, Nine o' Clock reports.…

  • Bulgaria: Advance Terrafund Raises Cap

    The doubling of the capital of local real estate investment trust Advance Terrafund will commence on Nov 29, 'Dnevnik a.m.' reports.…

  • Romania: Healthcare Ins. Mkt Valued at €5 mln

    Romania's private healthcare insurance market is valued at some 5 million euros, according to officials of Interamerican insurance company, ACT Media news agency reports.…

  • Romania: AVAS Puts Famos Suceava Up for Sale

    The Authority for State Assets Realization (AVAS) puts up for sale at a bid , 98.7395 percent of the share capital of Famos Suceava (north-east of Bucharest), a manufacturer of medical equipment and instruments, AVAS informed, Nine o' clock reports.…

  • Romanian Insurance Co's Undergo Financial Recovery

    After Ardaf and Asiban, Asirom also is experiencing issues related to cash flow, which places it under the financial recovery procedures conducted by the Commission responsible for Monitoring Insurance (CSA), Nine o' clock reports.…

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