Archive » November 2006 » 30 November 2006 The english news from 30 November 2006
Romania: Holcim Romania Forecasts Growth of 16-18%
Holcim Romania, the domestic subsidiary of Switzerland's construction materials manufacturer, forecasts its turnover will reach €225m next year.…
Romania: Soldimet Acquires 52% of Comvex
Businessman Corneliu Idu took over the majority stake (52% of the shares) of the Rasdaq-listed harbor operator Comvex through Soldimet srl - a company that is ultimately controlled by Mr. Idu.…
Bulgaria,Romania: UK restricts tobacco carried by travelers
The amount of tobacco products imported from Bulgaria and Romania for personal use, was decided by United Kingdom's government, to be minimized.…
Romania: Electricity Privatizations at Record Values
This year’s landmark takeover saw Enel buy Electrica’s subsidiary, Muntenia Sud, considered by many as the “crown jewel,” as it also includes the capital, Bucharest. The subsidiary has indeed turned out to be a jewel for the Romanian state, which charged around EUR 820 million for 67.5 percent of shares transferred to Enel, according to Bussiness Romania reports.…
Romania: Electricity Price Grows 5%
Starting this Friday, the domestic electricity consumers will pay some 5% more for their consumption as a result of the combined increasing price in natural gas and low Danube flow that influenced the hydro power production, according to HotNews Romania reports.…
Romania: State Protocol Administration to Put Famous Buildings Up for Sale
The State Protocol Administration, the main player on the Romanian real estate market, announced it would put up for sale several famous buildings, ACT Media news agency reports.…
Romania: Frans Maas Concludes the Biggest Deal in Logistics Sector
The Romanian branch of the logistics company Frans Maas, pre-rented 27,000 square metres of storage space and 2,000 square metres of office space in the Bucharest West industrial project, developed by Portland Trust at the 14th km of the Bucharest-Pitesti highway, according to Colliers, the broker of the deal, Ziarul Financiar.ro reports.…
Romania: Praktiker to Expand to All Big Cities by 2009
Officials of the German company Praktiker, have announced plans to expand its DIY network to all cities with a population of over 120,000 inhabitants by the end of 2008, accorind to Ziarul Financiar.ro reports.…
Romania: Alumil Greece Wants to Raise €8.2m on the BSE
Alumil Rom Industry, a producer of aluminium profiles, is set to launch a primary initial public offering (IPO) worth 8.2 million euros with a view to floatation on the Bucharest Stock Exchange. The offering was approved by the National Securities Commission on Tuesday, Ziarul Financiar.ro reports.…
Romania: Romtelecom 9m Net Income Drops 56.4%
National telephony operator Romtelecom reported nine-month revenue standing at 665 million euros, down 4.2% from the corresponding period of 2005. Net profit also dropped by 56.4% to 41.6 million euros, according to the quarterly report published by the Greek group OTE, the operator's majority shareholder, Ziarul Financiar.ro reports.…
Romania: Conservatives Threaten to Leave Gov't
The Conservatives might leave the government coalition, given the fact that the partners inside the coalition voted in the Chamber of Deputies’ budget-finance Commission, against the draft law on VAT reduction for basic food products, Nine o' Clock reports.…
Romania: Privatization Contracts for Energy Sector Ready to Publish
The Ministry of Economy and Commerce (MEC) is about to publish on its website the privatisation contacts of the companies from power field, however without the after-takeover business plans of the new owners,Nine o' Clock reports.…
Romania: RomTelecom Invests €15 mil in Digital TV Service
RomTelecom invested EUR 15 M in launching the digital television service, Executive Manager of the operator James Hubley announced, Nine o' Clock reports.…
Romania: Appeals Court to Indict Individuals Involved in BIR Case
The High Court of Appeals and Justice (ICCJ) requested prosecutors to indict the magistrates who tried the BIR commercial file, the attorneys involved in the liquidation of the bank and the former senior Vice-Governor of the National Bank of Romania (BNR), Nine o' Clock reports.…
Romania Takes €450 mil EIB Loan for Roads Construction
The Finance Ministry will take out a loan of EUR 450 M from the European Investment Bank (EIB) to fund a new stage of the programme of rehabilitation of the national roads, announced yesterday the Minister of Transports, Radu Berceanu, Nine o' Clock reports.…
Romania: Construction Mkt to Grow by 16% in the next 10 yrs
The Romanian construction market has grown by 16% in the last year and is bound to go up at a similar rate over the next ten years, as a result of the European and budget-funded projects, Minister of Transport, Construction and Tourism Radu Berceanu stated, Nine o' Clock reports.…
Romania: Fiscal Code Undergoes Revision
The Fiscal Code will be modified once again by the end of the year, to eliminate exemptions from local tax payment for certain business operators or certain projects, Secretary of State with the Ministry of Administration and the Interior (MAI) Mircea Toader stated according to ‘Gandul’ daily, Nine o' clock reports.…
Romania: AlturApproves Share Cap Raise
The shareholders of the BSE-listed company Altur approved the cash share capital increase of RON 13.5m to RON 32.63m.…