Archive » October 2006 » 09 October 2006 The english news from 09 October 2006
Romania: Zentiva Estimates 20% Turnover Rise in '07
Zentiva, the pharma producer, estimated for 2007 an increase of at least 20% y/y of the company’s turnover, up to a value higher than EUR 120 Mn.…
Romania: 7 Co's Interested in Cugir Weapon Producing Factory
Several foreign companies have shown interest in participating in the privatisation of Cugir Mechanical Plant by means of the acquisition of the weapon and ammunition section, Nine o' Clock reports.…
Romania: NBG Sees Rising Profitability of Banks
The profitability of the Romanian banking system should rise this year due to sped up lending activities prompted by growing real interest rates, asserted National Bank of Greece (NBG) analysts in a recent report, ACT Media news agency reports.…
Romania: BAM to Invest €110 mil in Romania, Bulgaria
Company Balkan Accession Management (BAM), controlled by the Romanian – American Investment Fund (FRAI), has collected EUR 110 M for a fund targeting investments in companies from Romania, Bulgaria and other countries of the South – Eastern Europe, as BAM informed.…
Romania: HVB Tiriac and UniCredit Launch Merger Operations
HVB Tiriac Bank and UniCredit Romania started the merger operations, scheduled to complete mid next year, the management of the new entity remaining to consist mainly of the current representatives of the banks, except for two members from HVB Tiriac management board, who would be assigned responsibilities outside the group, Nine o' Clock reports.…
Romania: Bucharest, Sibiu Stock Exchanges Merger is Cancelled
The shareholders of Bucharest Stock Exchange (BVB) decided that the merger process with Sibiu Monetary, Financial and Commodity Exchange (BMFMS) will not continue, according to those declared by the BVB Board President Septimiu Stoica, NIne o' clock reports.…
Romania: Broadband Internet Connections See 60% Surge
Connections to broadband Internet surged by 60% on the local market in the first half of 2006 compared with last December, to 1.2 million, according to the preliminary data issued by the National Communications Regulating Authority, according to Ziarul Financiar.ro reports.…
Romania: Prime Minister to Talk to IMF Representatives
Romanian PM Calin Popescu Tariceanu is to start consulting with IMF experts today, one year after the failure of negotiations on the continuation of the stand-by agreement,accoriding to Ziua newspaper reports.…
Romania: Cooperation Projects with Ukraine and Republic of Moldova
During the period June-October, under the coordination of the Ministry of European Integration, the Iasi and Suceava Regional Bureaus for Cross-Border Cooperation organised consultations with the relevant actors from the counties at the border with Ukraine and the Republic of Moldova (local authorities, decentralised structures of the national authorities, NGOs, universities), according to Romanian Ministry of European Integration press release.…
Romania: Private Industrial Parks, a New Business
The demand for industrial spaces and plots increased exponentially, considering that the foreign direct investments in Romania will reach a record level of 7 - 10 billion euros this year, according to data provided by Romanian Agency for Foreign Investments, according to Ziarul Financiar.ro reports.…