Archive » October 2006 » 12 October 2006 The english news from 12 October 2006

  • Romania Has Lowest Indebtedness in Mortgages

    Romania has the lowest indebtedness level with regards to the housing credits per capita (1.9% of the GDP), among the Central and Eastern European countries, said Sergiu Oprescu, Executive Vice-president of Alpha Bank, mentioning that 40 percent of the mortgages are taken in Bucharest.…

  • Romania Delays Setting Date for CEC Bid Offers

    Romania needs to review some clauses in the sale contract for CEC, the country's fifth-largest bank, before setting a deadline for improved bids, Finance Minister Sebastian Vladescu said…

  • Romania: Impact Shareholders Will Receive Higher Dividends

    Impact increased by approximately 1% the amount that will be distributed as dividends to the shareholders, after it gave up offering bonuses to the members of the Consulting Committee, which includes the shareholders that established the company.…

  • Romania: Petrom Shares Intended for Employees Can be Sold to Heirs

    Petrom shares from the 8% package intended for the employees of the company can be sold also to their legal heirs, a procedure denied so far by the Ministry of Economy and Trade (MEC), official sources said, Nine o' Clock reports.…

  • Romania: Dresdner Kleinwort Recommends 'Buy" Erste Bank Titles

    Dresdner Kleinwort analysts maintained the recommendation to buy Erste Bank titles, considering that the Austrian credit institution has increased the target connected with the profitability of the investment generated by the takeover of the Romanian Commercial Bank (BCR), according to the site news ratings, com., Nine o' Clock reports.…

  • Romania: Competition Council Authorizes 1bn Debt Exemption for Thermoelectrica

    The Competition council authorised the elimination of 3.35 billion lei debts out of the Termoelectrica debt, ACT Media news agency reports.…

  • Romania Discusses Privatization in Energy Sector w/IMF Delegation

    Vice-premier Bogdan Pascu discussed with IMF experts including a delegation led by Emmanuel van der Mensbrugghe about Romanias energy policy over 2006 2009, the document being drawn and posted on the MEC site to be analysed and commented upon before being adopted by the government, ACT Media news agency reports.…

  • Romania: CEC to Auction off Offices

    With only a short time to go until being turned to private hands, the CEC Savings Bank has decided to sell at an auction several dozen offices countrywide, ACT Media news agency reports.…

  • Romania: Oltenia Sells Stake in Utalim Slatina

    SIF Oltenia, a financial investment company, launched a public sale offer for the sale of a minority 49.19% stake in the Rasdaq-listed food industry equipment producer Utalim Slatina.…

  • Romania: SIF Muntenia Sells Stake in Tourism Complex

    SIF Muntenia, a financial investment company. sold its entire stake in the tourism complex Hanul Piratilor Navodari, in a deal worth RON 14.1m (4m).…

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