Archive » October 2006 » 16 October 2006 The english news from 16 October 2006
Romania:Posta Romana Poised to set up Bank of its own
Although financial and fast dispatch services currently account for a minor share of 8.4% and 8%, respectively, of the Romanian Post’s operation revenues, the company management intends to change this situation, given the high profitability of these services, ACT Media news agency reports.…
Romania: Bucharest and Sibiu Exchanges Split Up
Convened the previous Saturday, the Bucharest Stock Exchange Shareholders Meeting voted against the institution’s merger with the Sibiu Monetary-Financial and Commodity Exchange, mainly because the participants could not agree upon the conversion ratio for the shares of the two markets, ACT Media news agency reports.…
Romania: HVB Bank Joins European Fed of Building Societies
On the occasion of the Annual Conference of the European Federation of Building Societies (EFBS) held between October 10-13, 2006 in Dubrovnik, HVB Bank for Housing was admitted as corresponding member of this European body, ACT Media news agency reports.…
Romania: Transylvania Bank Bonds Swapped Into Shares
The corporative bonds issued by Transylvania Bank will be swapped into shares, with November 1 taken as date for the settlement of the reference price, as provides the issue prospectus approved by the National Securities Commission, reports a press release of the Bucharest Stock Exchange, ACT Media news agency reports.…
Romania: Fitch Upgrades BCR’s Rating to ‘A-’
Fitch Ratings announced on Friday that it has upgraded the ratings of Banca Comerciala Romana (“BCR”) to issuer default ‘A-’ from ‘BBB-’, short-term ‘F2’ from ‘F3’ and support ‘1’ from ‘2’, ACT Media news agency reports.…
Romania: Trade with Spain Up By 23% Jan-August'06
The Romanian-Spanish trade exchanges over January-August 2006 reached a volume worth 1,005 billion euros, up by 23 percent compared with the same period one year ago, reads a release issued by the Economy and Trade Ministry (MEC), ACT Media news agency reports.…
Romania: GE Money Enters Local Financial Market
GE money, the global unit for financial services of General Electric Co., acquired three companies specializing in financial services - Leasemart Holding BV (with transactions under Motoractive brand), Ralfi SA (with transactions under Estima Finance brand) and Domenia Credit SA (Domenia), ACT Media news agency reports.…
Romania:Contribution of €1.1 bln to EU Budget
According to the European agreements, Romania has to contribute 1.1 billion euros to the EU budget, with the level of the funds received by the country from the Union to stand at 2.1 percent of the GDP in 2007, that has a value higher by 0.8 percent of the GDPas compared with the 2006 one, Romanian Prime Minister Calin Popescu-Tariceanu announced on Friday, ACT Media news agency reports.…
Romania: President to Attend Works of SE European Summit in Belgrad
Romania's President Traian Basescu on Monday will attend the meeting of South-East European states, due in Belgrade, the Presidential Administration informs, ACT Media news agency reports.…
Romania: Development Strategy at the Cluj Napoca Airport
Modernization and extension of the airport to consolidate the actual position as one of the main airports of the country regarding the intern and international number of the passengers and cargo, and to continue the development in the future, according to International Cluj NAPOCA Airport news.…