Archive » October 2006 » 26 October 2006 The english news from 26 October 2006

  • Romania: Sephora Marinopoulos Posts Turnover worth €12 mln

    Sephora Marinopoulos, the company that owns and operates Sephora and Beauty Shop stores, projects turnover worth 15 million euros for this year, Ziarul Financiar.ro reports.…

  • Romania: Rompetrol Rafinare Posts 9-mo Turnover of €.59 mln

    Rompetrol Rafinare (RRC), the refining unit of Romania's second largest oil company Rompetrol, reported a turnover of almost 1.59 bln euro for the first nine months of 2006, up 15% year-on-year, the company said.…

  • Romania: Poland to Open Job Market to Bulgarians, Romanians

    Poland will open its job market to Bulgarians and Romanians when they join the European Union on Jan. 1, the Labor Ministry said, despite the country having the EU's highest jobless rate, International Herald Tribune.…

  • Romania: Mecanica - Codlea Posts Declining Results

    Mecanica - Codlea posted declining results in Q3, namely a 10.82 percent recess in net sales to 5,559,311 RON, whereas revenues declined by 8.3 percent to 6,995,745 RON, Bursa reports.…

  • Romania: German Car Part Makers to Invest €95 mln in Production Units

    German car parts makers Ronal and Johann Hay plan to invest a total of 95 mln euro in the opening of production facilities in the industrial park in Satu Mare, northwestern Romania, in 2007.…

  • Romania: Autonova Satu Mare Posted Losses for H1 2006

    Autonova - Satu Mare remained in the red in H1, 2006 posting losses of 819,377 RON, down by 63 percent year-on-year. The company also reported 18.4 million RON in turnover, up by 25 percent year-on-year, Âursa reports.…

  • Romania: ProCA To Sell €2.5 Mln Worth Of Memory

    ProCA, the IT distribution arm of RTC Holding intends to sell 2.5 million EUR worth of memory in 2006 and has reported sales of 1.5 million EUR for the first nine months of the year, Bursa reports.…

  • Romania: CFR, Metrorex, TAROM To Receive €217 Mln In Foreign Loans

    Some 217 million EUR from foreign loans will be invested in partial financing of four projects of the Ministry of Transportation, Construction and Tourism (MTCT) as the Government on October 18th passed a resolution in this respect, Bursa reports.…

  • Romania: Petrom to Enter the Electricity Market in a Few Months

    Petrom will continue in the coming year its international development, the objective of the company being to become the biggest integrated oil and gas company in South-eastern Europe in 2010, in the context in which the company is preparing to join the electricity market, ACT Media news agency reports.…

  • Romania: CEC's Privatization Could be Finalised by end of '06

    Romania's Finance Minister Sebastian Vladescu said the CEC privatisation committee would issue a statement later today but declined to say anything further, expressing, however, hope that the privatization would be completed by end of the year.…

  • Romania: Over 80,000 Companies Registered in 2006

    In the first eight months of this year, 80,400 new trade companies have been established, most of them in trade and financial intermediation fields, according to Wednesday’s issue of ‘Adevarul’ paper, quoting the statistics of the National Trade Register Office (ONRC), Nine o' Clock reports.…

  • Romania: CEZ, Orange, Vodafone Lead CCIR's Top Companies List

    The acquisition of Electrica Oltenia power distribution company by Czech CEZ Company is regarded as the privatisation deal of 2005, according to a classification put together by the Chamber of Trade and Industries of Romania (CCIR), Nine o' Clock reports.…

  • Romania: C/A Deficit Rises due to Trade Gap Increases

    The current account of the balance of payments registered a deficit of 5.924 billion euros over the first eight months of 2006, up 51% against the corresponding period of last year, mainly because of increases in the trade deficit, the National Bank of Romania (NBR) said.…

  • Romania: Bancpost's Assets Value Rises to €1.9bn

    According to the president of Bancpost Mihai Bogza, the bank’s assets increased in value to €1.9bn, compared to €1.73bn from this year’s H1, not taking into consideration outsourcing loans.…

  • Romania: VAE Apcarom Posts €0.71m Net Profit in Jan-Aug. '06

    The railway equipment producer VAE Apcarom posted for the first 9-mo period of this year a net profit of RON 2.5m (€0.71m), more than 2 times lower y/y.…

  • Romania: Amonil Posts Q3 Net Loss of €1.4m

    Fertilizer producer Amonil reported a net loss of RON 4.85m (€1.4m), in Q3, which is 65% higher compared to the loss suffered during the similar period of the previous year, pushing the company’s losses for the first nine months of the year to RON 8.65m (€2.4m) after the RON 1.6m (€0.4m) net profit registered a year ago.…

  • Romania: ImoFinance Receives €12.5 mil Loan

    Romanian non-banking financing group ImoFinance contracted medium and long-term loans amounting to 12.5 mln euro from commercial banks Banca Comerciala Romana (BCR) and Volksbank Romania, the company said.…

  • Romania: Romaero Debts Might be Cancelled

    Most of the Romaero debts may be erased through the transfer to public property of some company assets, which will be administered by the Romanian Intelligence Service, but the Minister of Justice has so far declined approval of the bill drawn up by MEC in this respect, Nine o' Clock reports.…

  • Romania: Carom Onesti Enters Bid Procedure

    The bid for the acquisition of synthetic rubber producer Carom Onesti was scheduled for November 27, with the opening price set at RON 154.69 M (€43.69 mil), VAT not included, according to an announcement by company liquidator Finconta Consulting, Nine o' Clock reports.…

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