Archive » October 2006 » 11 October 2006 The english news from 11 October 2006
Romania: Geo Post Cargus Targets 10% Share in Int'l Courier Mkt
Geo Post Cargus Co. targets a 10 percent share of the international courier market, ACT Media news agency reports.…
Romania: Forum for Controlling and Finance Executives
Ensight Management Consulting and international consulting firm Horvath & Partners Management Consultants will organize on the 17th of October, at JW Marriott Hotel, the first edition of Bucharest Controlling Forum - Finance new role in driving business performance, Smart Financial News.ro…
Romania: APRs in Romania, Bulgaria and Turkey - Comparative Analysis
In spite of the red flags blemishing Romania’s reputation in Europe, the local banking system seems well ahead of some others, including those in similarly-rated Bulgaria and Turkey, Smart Financial News and Finzoom.ro…
Romania: First Private Sector Local Currency Syndicated Loan
Citigroup has arranged Romania’s first-ever private sector local currency syndicated loan, a RON 150 million facility for microfinance lender, ProCredit Bank Romania, Smart Financial News.…
Romania: Gerom Shareholders Plan Investments in Excess of €60 mln
Shareholders' General Assembly of window panes producer Gerom Buzau (south) approved last week medium-term investments in the amount of 60.4 million euros, ACT Media news agency reports.…
Romania: Euro Adoption to Happen in 2014
Romania will have numerous advantages at microeconomic level when it adopts the euro - in 2014 horizon year - appreciated Professor Patrick Minford from Cardiff Business School, quoted by Romania Libera daily.…
Romania: Real Estate Market Expects Big Growth in '06
The price of the plots of land in Bucharest has increased by 75 percent this year due to the growing demand and the decrease in the number of the plots for sale, Rompres news reports.…
Romania: No Visa Regime for Ethnics Living 30 km Outside of Romanian Borders
The Council of Justice and Foreign Ministers of the European Union decided that the member countries can maintain or can sign agreements with the neighbor countries on border passage, BBC Romania informs, cited by Info-Prim Neo.…
Romania Offers a Chance for R. Moldova to Have its Own Atomic Energy
The Romanian Ministry of Economy and Commerce announced, at the end of the last week, that the construction works at the 3rd and 4th units of the Cernavoda nuclear power station will start simultaneously at the beginning of the next year with a series of preparation works on the existent arrangements, according to Moldova Azo newspaper reports.…
Romania: Flamingo Gives Up Bulgarian Branch and Two Local Firms
IT&C retailer Flamingo International will give up its Bulgarian-based branch Flamingo Digital Shop, as well as Flamingo Software Ltd. in Iasi and Flamingo Networking&Communications in Otopeni, following a decision by the company's shareholders, according to Ziarul Financiar.ro reports.…
Romania: Portuguese Coindu Co. Plans to Double Investments
Portuguese company Coindu - manufacturer of car and plane seat covers - estimates it will double investments in the industrial zone Curtici-Arad, of western Romania, ACT Media news agency reports.…
Greece: Liberis Establishes Odeon Cineplex SRL in Bucharest
Liberis Publications announced the establishment of Odeon Cineplex SRL company in Bucharest, Romania in which it participates by 50%.…
Romania: PPF Investments Extends Offer to Buy Romexterra Shares
PPF Investments plans to extend offer for the Romexterra Bank shareholders till November 17, 2006 in Bucharest, as a large number of shareholders have announced lately their intention to sell to PPF Investments, ACT Media news agency reports.…
Romania: Energoconstructia Expands to Road Construction Business
Energoconstructia, one of the leading players in the construction field, will expand its scope of activity and take on road infrastructure projects, as well as a project to build its own residential complex, ACT Media news agency reports.…
Romania: Zentiva Estimates Business Increase by 20% in '07
Pharmaceutical company Zentiva, one of the most important drug producers in Romania, estimates an increase of its business by at least 20 percent next year, exceeding 120 million euros, ACT Media news agency reports.…
Romania: Inflation Slows to 5.48% in Sept '06
Romania's inflation rate slowed to 5.48 % y/y in September after a 6.02 percent on-year increase the previous month, according to data released by the National Statistics Institute.…
Romania: Liberals and Democrats Resume Merger Talks
The Liberals and the Democrats decided to give one more chance to their partnership, resuming the theme of the merger, Nine o' Clock reports.…
Romania: “Proprietatea” Fund Should be Dismantled
One and a half years after the Tariceanu Government took responsibility for the establishment of “Proprietatea” Fund, as a tool for compensating real estate owners whose assets were seized by communist authorities, the only achievement the Cabinet can take pride in is yet another deferral, this time indefinitely, Nine o' clock reports.…
Romania: Kosovo Solution Will not Affect Existing Border Region
The statute of Kosovo province is important for Romania, but the solution found should not generate problems in the Balkans or modify the existing borders in the region, Stefan Glavan, member of Romania's delegation to the Parliamentary Assembly of the Council of Europe (PACE), said, ACT Media news agency reports.…
Romania: German Miro Radici Acquires Steilmann Bukarest Textile
Steilmann Bukarest, one of the top five companies in the textile market in Romania in terms of turnover, has been acquired by Miro Radici from Germany, in an international transaction.…