Archive » November 2006 » 23 November 2006 The english news from 23 November 2006
Romania: US Giant United Technologies in Talks to Buy Turbomecanica
American group United Technologies is in talks to take over the aircraft engine manufacturer Turbomecanica in a deal in the range of tens of millions of euros, sources on the market told ZIARUL FINANCIAR.…
Romania's Coal Output Close to 40 mln Tons in 2020
Romania's coal output will reach 33.651 million tons by the end of the current year, up 2.87 tons against 2005, and is planned to attain 39.143 million tons in 2020, reads the mining industry draft strategy for the interval 2006-2020. ACT Media news agency reports.…
Romania to Import 50% of Necessary Natural Gas in 2015
Romania will import 50 percent of the natural gas it needs in 2015, compared with 30 percent now, Chairman of the National Agency for Mineral Resources Gheorghe Buliga said at a forum on energy in South and Central Europe, held in Bucharest, ACT Media news agency reports.…
Romania Will Become Dependent on Electrical Energy Import in 2012
The lack of projects for the efficiency of electrical energy production and for new energy resources will lead to Romania’s dependence on electrical energy import in 2012, stated the director general of the Institute for Studies and Projects in Energy (ISPE) Dan Ioan Gheorghiu during the forum dedicated to energy in central and eastern Europe, ACT Media news agency reports.…
Romania: Domestic Issues in the Energy Sector
Present on Tuesday at a conference organised by Forum Invest with the title « Energy in Central and Eastern Europe », the head of state highlighted the main issues affecting the energy policy of Romania, ACT Media news agency reports.…
Romania: Government to Decide Restrictions on Foreign Workers
The Government will decide by year-end if it imposes restrictions on the foreign labour force coming to work to Romania from countries that already decided to impose such restrictions on Romania after January 2007, said on November 17 Daniela Andreescu, State Secretary with the Ministry of Labour, Social Solidarity and Family, during the seminar EU-COFILE, organised in Sinaia by Alpha Bank, National Romanian Bank and the Romanian Banks' Association, according to Rompres quoted by ING Financial News Romania.…
Romania: Central Bank Drops Cap on Foreign Currency Lending
As of January 1, 2007 the banks will be able to meet customer demand for loans in foreign currency, according to Rompres quoted by ING Financial News Romania…
Romania: Promotional Products Market to Grow
The market of promotional products is one of the many sectors still not gauged so far, with players operating "in the dark," on the basis of some estimates more or less close to reality, according to Rompres quoted by Ing Financial News Romania.…
Romania: Finansbank Wants to Change its Name Into Credit Europe Bank
The president of Finansbank Romania called up shareholders’ general meeting on 14 December to propose the changing of the name into Credit Europe Bank, ACT Media news agency reports.…
Romania: Ministry of Justice Invests €2 M in Anti-Corruption Campaign
Ministry of Justice launched an anti-corruption programme, worth EUR 2 M, the first part of this campaign consisting in advertising spots and 50,000 posters, for which EUR 54,716 have already been spent, ACT Media news agency reports.…
Romania: BNR Extends Compliance Deadline for Banks to March '07
The National Bank of Romanian (BNR) intends to give domestic banks more time until March 2007 for complying with the new capital requirements regulations which will be enforced as of January 2007.…
Romania: Braiconf Posts Q3 Net Loss of €214k
The Rasdaq-listed cloth producer Braiconf incurred during Q3:06 a net loss of €214k, after registering a net profit of €195k during the first six months of the year.…
Romania: UPS Opens New Center in Timisoara
Fast courier services company UPS Romania opened a new center in the Timisoara airport, being the second center opened by the company in the city, according to Credit Info Romania reports.…
Romania: Plus Opens New Store in Fagaras City
Plus Discount opened in Fagaras a new store, planning by year-end to open another six units with an average investment per project of some EUR 1.5 million, according to Credit Info Romania reports.…
Romania: Real Estate Development to Invest €11 mln in Olimp Resort
Real Estate Development will invest EUR 11 million to build 128 apartments in Olimp resort, said the real estate agency Regatta, the project’ promoter, according to Credit Info Romania reports.…
Romania: Omilos to Invest in Commercial Center in Iasi
Greek company Omilos will develop on a plot of 35 hectares situated in Iasi a real estate project which will include a commercial complex of 42,000 square meters and a mall of 27,000 square meters, following an investment of EUR 100 million, according to Credit Info Romania reports.…
Romania: GTC to Invest €350 mln in Real Estate Projects
Real estate developer Globe Trade Center Romania plans for the next two years to invest some EUR 350 million in projects in Bucharest and other big cities in Romania, said the company’s general director Shimon Galon, according to Credit Info Romania reports.…
Romanian Advertising Agencies Bolster Sales Abroad
Since the first advertisement "export" performed in 2000 by D'Arcy, Romanian advertising agencies have been increasingly successful in selling their creations abroad, ACT Media news agency reports.…
Romania: SIF Oltenia is Designated Most Attractive BVB Listed Issuer
SIF Oltenia Financial Investment Company was appointed the most attractive issuer listed on the Bucharest Stock Exchange (BVB), at the 5th edition of the Capital Market Awards Gala, staged by BVB and the Brokers Association, marking 11 years of BVB's activity on the Romanian capital market, ACT Media news agency reports.…
Romania: Romtelecom's State Shares Listing to be Delayed
Romtelecom shares held by the Romanian state are going to be floated on the Stock Exchange in 2007, this process being delayed following some problems appeared between Romtelecom's auditor and privatisation consultant, a consortium formed of Credit Suisse Securities Limited and IEBA Trust, selected by the Romanian state, ACT Media news agency reports.…
Romania: SAB Miller to Make €30 mil Investments in Facilities Expansion
SAB Miller company intends to make investments worth 30 million euros, in expanding the production capacities of beer facilities, in order to reach the level of four million hectoliters of beer, ACT Media news agency reports.…
Romania: Oil Companies to Contribute to Social Aid Funds
After talks held with OMV chairman Wolfgang Ruttenstorfer two days ago, Premier Calin Popescu Tariceanu launched the idea of establishing a social aid fund for household gas consumers, to which OMV would make financial contributions in order to subsidise part of the bill, Nine o' clock reports.…
Romania: Rural Infrastructure Receives Additional RON 23,488 M
The Government approved the third instalment– RON 23,488 M for projects within the rural infrastructure development programme, announced PM Calin Popescu Tariceanu, Nine o' Clock reports.…
Romania: Official Charges Brought Upon Energy Privatization Contracts
The first official charges have been brought to parties involved in privatisations in the energy sector, Nine o' Clock reports.…
Romania: PM Asks BCR's Privatization Report is Made Public
Premier Calin Popescu Tariceanu requested that the final report on the privatisation of the Romanian Commercial Bank (BCR) should be declassified and made public, Nine o' Clock reports.…
Romania: Broadhurst Investment Fund Clears up Dispute w/Interagro
Broadhurst Investment Fund called the refinery’s management on a conciliation meeting in connection with the dispute dating back from 2003 when the company management accepted allegedly overvalued assets from Interagro, one of the company’s minority shareholders, as part of an in-kind share capital increase.…
Romania: SMEs Will Face Survival Challenges in '07
The competition in the European market will intensify and heavily impact many small and medium enterprises (SMEs), which will be forced to close their gates next years. The tight competition in the single market will push business operators in the garment industry, furniture, wood industry and many others, to reconsider their economic strategy in order to survive, Nine o' Clock reports.…