Archive » October 2006 » 17 October 2006 The english news from 17 October 2006
Romania: Oltchim Signs Contracts Worth €700,000 for Services
Oltchim signed contracts with Protectchim and Mentchim worth RON 2.49 Mn (approximately EUR 711,252).…
Romania: GDP Expected to Register Downward Trend
Romania’s GDP will register a downward trend in the future four years, from 6.4% in 2007 to 5.6% in 2010, according to the report of the Ministry of Public Finance addressing the macroeconomic conditions for 2007-2010.…
Romania: Alumil Rom Industry Will Float on BSE
Aluminium manufacturer Alumil Rom Industry, the branch of the Greek group Alumil, is set to float 20% of the capital (more than 6 Mn new shares) on the Bucharest Stock Exchange (BSE) through an initial public offering to be run in mid-November.…
Romania: Stolojan Resigns from Presidential Adviser on Eco Affairs
Theodor Stolojan told a televised show that on November 1 he would resign from the position of presidential adviser on economic affairs.…
Romania: Blue Arrow Trains to be Replaced by Alstom Trains
The Romanian Railway Company (CFR) bought two Alstom trains from France in order to replace the existing Blue Arrow (Sageata Albastra) trains on Bucharest-Brasov route, ACT Media news agency reports.…
Romania: CFR Marfa to Extend Activity in Hungary and Bulgaria
CFR Marfa wants to extend its activity abroad as of 2007, as it lost some of its market share in Romania, after private operators developed activities here, ACT Media news agency reports…
Romania: €200 mln for Projects to be Developed in Constanta Port
The Romanian Black Sea port of Constanta, south-east of Bucharest, will benefit from 200 million euros worth of European funds, as part of development projects which will begin in 2007 and be completed in the four or five years ahead, ACT Media news agency reports.…
Romania: Bids Submission for Antibiotice due by Nov 1
Investors interested in taking over from the Authority for State Assets Recovery (AVAS) the majority stake in Antibiotice can submit letters of interest until 1 November.…
Romania: IFC Pays $5 mil for 20% Stake in MedLife
International Finance Corporation (IFC), the private sector investment arm of the World Bank, paid $5m to purchase a 20% stake in the private medical service company MedLife, securing the deal through a complex financing structure.…
Romania: Competition Council Authorizes Romexterra Takeover by MKB
The Competition Council authorized the take-over of the Romanian bank Romexterra by the Hungarian credit institution MKB Bank Nyrt.…
Romania: Linde Signs €70 mil Contract w/Petrom
Linde signed a contract in excess of EUR 70 M with Petrom, for construction of a liquefied petroleum gas (LPG) separation unit in Constanta, the German engineering group announced, Nine o' Clock reports.…
Romania: Cersanit Acquires 77.85% Stake in Romanceram
The producer of sanitary ware Cersanit from Poland acquired at the beginning of October 77.85 per cent of Romanceram shares, the value of the transaction worth EUR 2.3 M, stated sources from Romanceram for Mediafax, Nine o' Clock reports.…
Romania: Egger Lauches €210 mil Investment in Fibreboard Plant
Austrian company Egger inaugurated, in the presence of Vice-Premier Bogdan Pascu, the beginning of investments in Radauti area, which reach EUR 210 M in a first stage, in a plant that will produce particles board and melamine particles boards, Nine o' Clock writes.…
Romania: Over 1,200 Rank Top Companies in Bucharest
The business environment feels the need for an objective hierarchy of its own values, and that has been possible with the Chamber of Trade and Industries of Bucharest (CCIB) for truly notable performance has been registered in that department, stated Stefan D. Popa, President of CCIB, Nine o' Clock reports.…
Romania: EU to Allocate €200 mln in Fisheries till 2013
Agriculture Minister Gheorghe Flutur has recently said that Romania may produce an annual 20,000 tonnes of fish, with the total consumption reaching 70,000 tonnes, ACT Media news agency reports.…
Romania Receives €1.3 bn in ISPA Funds for Transport
Romania signed 20 ISPA (Pre-accession Structural Instruments) memoranda on transports worth of 1.3 billion euros over 2000-2006, the main delays in spending the funds were caused by the expropriations, said Constantin Dascalu, Secretary of State with the Ministry of Transports,…
Romania: Retail Turnover Rises 22.7% in Aug. '06
Retailers (but for those in the motor vehicle sector) reported a 22.7 percent rise in turnover this August, the National Statistics Institute data showed, ACT Media news agency reports.…
Romania to Invest $19 mln in Mining Areas Development
The National Agency for the Development of Mining Areas launched three projects for the socio-economic refreshment of mining areas, worth USD 19 M, the money coming from a loan given by the World Bank and from budgetary sources, 'Nine o' Clock reports.…
Romania: Real Estate Investments Reach €1bn in '06
The total value of 2006 real estate investments in Romania near almost 1 billion euros, announced executive vice-president of Alpha Bank, Sergiu Oprescu, within the Real Estate Forum, ACT Media news agency reports.…
Romania: Technical Olympic Invests €100 mln in Real Estate Project
The Greek company Technical Olympic will develop a residential complex of over 540 flats and villas in northern Bucharest, a project estimated at 100 million euros, Ziarul Financiar quotes Alexandru Miron, marketing manager of Green Lake Development, the company financing the project, ACT Media news agency reports.…