Archive » October 2006 » 20 October 2006 The english news from 20 October 2006

  • Romania: Capitalization of Private Pension to Reach 20 bln in 2020

    According to a study jointly carried out by experts of the Public Finance Ministry, the National Pensions Office and other Social Security Rights, the National Statistics Institute and the National Forecast Commission (CNP), the capitalization of the Romanian private pension system will attain 75 billion lei (or about 20 billion euros) in 2020, ACT Media news agency reports.…

  • Romania: 8 bln Foreign Direct Investment in 2006

    Romania could register at the end of 2006 some 8 billion euros in foreign direct investment, Vice PM Bogdan Pascu announced on Thursday during the METRO Cash & Carry Romania Fair held in Bucharest, ACT Media news agency reports.…

  • Romania: Bonds Issued by IBRD to be Traded on BSE

    Bonds issued by the International Bank for Reconstruction and Development (IBRD) aretraded starting Oct. 19 on the Bucharest Stock Exchange (BVB) within the credit titles sector - the international bond category, ACT MEDIA News agency reports.…

  • Romania:More European Banking Groups to Enter the Market

    According to the president of theRomanian Banking Institute, Petru Rares, we are now the target of expansion of Western European financial-banking groups, ACT Media news agency reports.…

  • Romania: Energy Security and Privatization

    Following the privatization of Petrom and a half privatization in the gas and electricity sector, authorities consider that objectives concerning the energy security of the state can no longer be sold, ACT Media news agency reports.…

  • Romania: Traian Basescu in Finland to Take Part in EU Informal Summit

    Romania's President Traian Basescu arrived Thursday evening in Finland to take part in the Informal Meeting of heads of State or Government from the European Union member countries, organized in Lahti.During Thursday evening, head of the Romanian state participated in the European People's Party's summit, as an invited guest, ACT Media news agency reports.…

  • Romania: Rompetrol Launches Efix

    Rompetrol will introduce a new type of fuel, Efix, which ensures engine protection and, cleans residue, protects against corrosion, optimizes combustion and ensures low consumption, Bursa reports.…

  • Romania: South Bucharest Attracts Land Developers

    Land in the south of Bucharest is becoming more attractive than the famous North Bucharest as the price range is higher and options are more diverse, Bursa reports.…

  • Romania: Zentiva Launches Two New Brands

    Pharmaceuticals company Zentiva has launched on the Romanian market two new brands in the over-the-counter category, namely Calibrum and Ibalgin, amid an estimated 20 percent growth of the painkiller market, Bursa reports.…

  • Romania: Triumf Construct Buys More Land In Bucharest

    Shareholders in the Bucharest-based construction company Triumf Construct SA have decided to buy more land in Bucharest, respectively 4,600 square meters in the former village of Herastrau, near the Bucharest - Constanta railway, in the present-day Aviatiei district of Bucharest, Bursa reports.…

  • Romania: LUKoil Announces Management Changes

    LUKoil Romania has announced several management changes as a result of the staff rotation policy and in order to optimize business process management, Bursa reports.…

  • Romania: Best Western in Resita City

    American network Best Western extended its presence on the Romanian market, through the affiliation of its eighth hotel, in Resita, the unit being opened at the end of the year, Nine O'Clock reports.…

  • Romania: Alro Might Invest 620 M in New Plant in Cernavoda

    Alro Slatina might invest EUR 620M in a primary aluminium producing plant in Cernavoda, infrastructure-related costs included, company General Manager Gheorghe Dobra stated on Thursday.…

  • Romania: State to Withdraw Marriott Participation by Year End

    Grand Hotel Companies (GHES), which owns the five-stars hotel JW Marriott from Bucharest, intends to renounce the guarantee in the amount of around USD 80 M deposited by the Romanian state in its favour, Nine O'Clock reports.…

  • Romania: Porsche Revises Growth Forecasts

    Romanias largest automotive importer Porsche Romania estimates a turnover of over EUR 658 M in 2006, up by 53 per cent than in 2005, Nine O'Clock reports.…

  • Romania: Ford Could Sell 12,500 cars in 2006

    Romcar, the general importer of the brand Ford on the Romanian market, estimates total sales of 12,500 units in 2006, up 61 per cent vs. 7,750 vehicles imported last year, declared the sales manager of the company, Teodor Brusalis, Nine O'Clock reports.…

  • Romania: EBRD Approves Credit Line up to 15 mil for Transilvania Bank

    After considering getting a loan of 75m from five creditors, including EBRD, Transilvania Bank (BT) may only need around 60m, according to Robert Rekkers, BTs general director.…

  • Romania: Alro Registers 76m Net Profit in Jan-Sept. '06

    The BSE-listed aluminum smelter registered in the 9-mo of 2006 a net profit worth 76m, three times higher compared to the similar period of the previous year mainly due to growing international aluminum prices.…

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