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10.03.2010- 1 EUR
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The latest Business news Last update: 10.03.2010
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10 Mar 2010 South-Korean company to build electronic parts factory in Oradea Shinheung south-Korean company, one of the Samsung suppliers started to build the first workshop in the industrial park Eurobusiness Parc Oradea where in July there will start production, production worth 20 million euro. The mayor in Oradea, Ilie Bolojan stated, in a press conference organized in Eurobusiness Parc, that the first company to function in the industrial park has started to lay the foundations… read more -
10 Mar 2010 Grim outlook for Bucharest malls: high vacancy rates and poor sales Shopping centers in Bucharest have a total retail floorspace of 500,000 sqm, and with a development pipeline figure of around 3 million sqm across the country, the vacancy rate is very likely to climb and tenants sales figure to fall short of expectations, according to a research by RegioPlan Consulting, an independent trade consulting and market research company… read more
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09 Mar 2010 Business community worried by after-crisis period The chairman UGIR-1913 Ioan Cezar Coraci, stated on Saturday at the PNL congress that the present government does not seem to understand the fact that it is necessary to have public policies to overcome the economic crisis which keeps Romania away from the European average… read more
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05 Mar 2010 European financing for energy efficiency projects A number of 19 Romanian companies received EUR 15.9 million in European funding under the Energy Efficiency Financing Facility (EEFF), a program developed by the European Commission and the European Bank for Reconstruction and Development (EBRD) for the financing of energy efficiency projects in the private industrial sector… read more
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04 Mar 2010 Statistics: Number of house building permits drops by 46 percent 2,251 house building permits were issued in January 2010, a 46.1 percent decrease as opposed to January 2009, a release of the National Institute of Statistics informs.The number of construction permits for residential buildings released in January 2010 was 1,904, a 22.9 percent decrease in comparison with January 2009… read more
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04 Mar 2010 Henkel Romania, 571 M lei in 2009 turnover Henkel Romania ended 2009 with 571 million lei in turnover (approx. 135 million euros), according to a release of the company. In 2009, Henkel Romania's two divisions operating on the consumer goods market, namely the, 'Detergents and Household Cleaning Products' and the 'Cosmetics / Toiletries' divisions, had very good scores… read more
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04 Mar 2010 Ingleby outruns major Romanian farming business owners Ingleby Agricultura, part of the Ingleby group controlled by Danish billionaire family Rausing, paid 8.2 million euros to buy 2,000 hectares of farming land, machinery and buildings in Timis County from another Danish group, FirstFarms, at the end of December… read more
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04 Mar 2010 Deutsche Telekom in Romania: 1.1bn-euro revenues and 293m-euro EBITDA Deutsche Telekom, the largest communications operator in Europe, has for the first time included in its yearly financial report data on Romania, with figures showing that the German group has for the first time outranked rivals Orange and Vodafone in terms of revenues, with over 1.1 billion euros… read more
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02 Mar 2010 Over 4 mln euros paid by mobilpay Romanians made about 620,000 payments by their mobile phones in 2009, the average value of each transaction being seven euros, while the total amount paid was more than 4.4 million euros, a release of Netopia Sistem company informs. Netopia Sistem operated around 80 percent of the total amount of payments made in 2009 by SMS, namely 3.5 million euros… read more
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02 Mar 2010 KPMG: Better prospects in 2010 for the M&A market Despite the market remains challenging, prospects for the mergers & acquisitions market are better in 2010 than they were in 2009, the annual survey carried by KPMG International in conjunction with US-based magazine The Deal found. The survey generally makes encouraging reading… read more
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24 Feb 2010 Romanian-Italian agreement on cooperation in milk processing industry A Romanian-Italian agreement on cooperation in milk processing industry will be signed on Tuesday, February 23, during the Forum of the Consumer Goods Industry, which is held in Bucharest, informs the Eurolink Foundation. The agreement aims at substantially revitalizing Romanian milk production and distribution nationwide… read more
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24 Feb 2010 What the American investors in Romania say about the implementation of PPP projects The present implementation framework is insufficient for motivating and drawing significant investment through projects partnership public-private (PPP) according to the American Chamber of Commerce in Romania.On a medium and long term, this situation will affect the very development of the public sector in Romania… read more
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24 Feb 2010 Sony wants to sell in Romania 20% more notebooks than in 2010 The Japanese producer Sony intends to sell 20% more notebooks SonyVaio in 2010 compared to last year, when the company had sales of about 7,000 units in the local market.In 2009 the company estimated to sell by 15% more notebooks compared to 2008, when sales were about 6,000 units and the sales target was reached as Taiju Ishikawa… read more
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19 Feb 2010 Peles Castle is not for sale, says lawyer Vasiliu The Peles Castle is not for sale, Adrian Vasiliu, the lawyer of the Royal House, told Radio France International on Wednesday. His declaration comes after the announcement referring to the negotiations between the Ministry of Culture and the Royal Family for the extension of the contract on the Romanian State's renting the Castle, a contract that expires next month… read more
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19 Feb 2010 France interested in building Romania's future nuclear power plant French Secretary of State for European Affairs Pierre Lellouche on Friday reaffirmed his country's readiness to participate in the construction of Romania's second nuclear power plant. 'Romania, as well as Poland, Slovakia, Italy, the United Kingdom and, of course, France, has nuclear programs and specific projects underway, such as the construction of its second nuclear power plant… read more
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19 Feb 2010 Gabriel Resources increased the capital for Rosia Montana Gold Corporation by 597.6 million lei The Canadian mining company Gabriel Resources finalised the increase by 597.6 million lei at 612.6 million lei of the social capital of Rosia Montana Gold Corporation (RMGC), the procedure of registering of the operation being underway at the Commerce Registrar in the Alba county… read more
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18 Feb 2010 Mechel acquires steel mill in Romania Mechel, one of the leading Russian mining and steel groups, will soon add the Romanian steel mill Laminorul Braila to its East European Steel Division, as its Cypriot subsidiary Zoneline Limited nears the completion of the acquisition of the Austrian metal trader Donau Commodities, which owns an 87.81 percent stake in Laminorul… read more
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16 Feb 2010 BVB posts RON 8 million in profit, with business falling 40 pct Bucharest Stock Exchange (BVB) posted 8 million (1.88 million euros) in net profit last year, down 25 pct compared to 2008 figure, but leaving behind initial estimates, of RON 6.5 million.Turnover dipped more than 40 pct, down to RON 12 million (EUR 2.83 million), amid collapse in the value of transactions on the Stock Exchange by 45 pct, and also due to 10 pct cut in trading commissions, in March 2009… read more
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16 Feb 2010 CNIPMMR requests removal of lump sum tax The representatives of the Romanian National Private Small and Medium Size Enterprises Council (CNIPMMR) express disagreement with the creation of the lump sum tax, as well as with the maintenance of the minimum tax, considering the difficulties generated by the financial downturn and by the excessive taxation… read more
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16 Feb 2010 Volume of construction works down 15 pct in 2009 Volume of construction works, unadjusted series, fell 15.1 percent in 2009 compared to 2008, according to provisional data released by the National Institute of Statistics (INS). Capital repair works declined 24.1 percent, new construction works slid 13.8 percent and maintenance and current repair works dipped 13.2 percent in 2009, compared to 2008… read more
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16 Feb 2010 Romanian M&A barely reaches €1 billion Romanian M&A market reached €1.045 billion last year, while 80 deals worth over €1 million were shelved, according to a Capital Partners report. As Capital Partners has been keeping track of mergers and acquisitions for one year only, the report doesn't indicate the decline rate in the deal activity… read more
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12 Feb 2010 Photovoltaic energy to be produced in Floresti Floresti Town Hall is the first local administration in the country to own an authorization to produce green power from photovoltaic source, receiving also green certificates to this purpose, said Local Council Chairman Mircea Cosma, on the occasion of a debate organized in this locality regarding the project 'Photovoltaic Energy in Floresti Town'… read more
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12 Feb 2010 Consultant to Cernavoda NPP units 3 and 4: €4 bln, the right price for the construction of the project The price estimated for the construction of the Cernavoda Nuclear Power Plant Units 3 and 4 is fair , says Hugh MacDiarmid, chairman and CEO of Atomic Energy of Canada Limited (AECL), the company that will provide consulting services in the nuclear safety and engineering to the €4 billion-NPP units… read more
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12 Feb 2010 FP shareholders voted a new Council for Supervision and approved the Franklin Templeton contract The General Meeting of Shareholders of Fond Proprietatea approved a new council for supervision among whose members we find Pogea Gheorghe, the former finances minister and Gratiela Iordache, the state secretary in the ministry of finances. The FP shareholders chose Lucian Croitoru as well, although he had announced he withdrew his application… read more
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11 Feb 2010 Toyota Romania recalls 12,500 cars for service checks Japanese carmaker Toyota will recall 12,500 vehicles sold in Romania that might have defective gas pedals and will check them at the company's expense, the carmaker's local representative said Tuesday… read more
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10 Feb 2010 Price corrections trend continues on real estate market Real estate market continues the downward trend started in 2008, of price corrections and Jan. 2010 prices show drops of 26 percent on average compared to Jan. 2009, reveals an analysis of the real estate portal anunturiparticulari.ro… read more
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10 Feb 2010 Number of attested traditional products grew by 38% in 2009 The number of attested traditional products grew in 2009 by 37.7% to 449, compared to 2008, while the number of traditional economic operators grew from 89 in 2008 to 115, according to data supplied by the Ministry of Agriculture and Rural Development… read more
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09 Dec 2009 E.ON posts Euro190 mln total losses in Romania E.ON Romania, the owner of former Distrigaz Nord and Electrica Moldova companies, has total losses worth RON 786 million (nearly €190 mln), from gas and electricity distribution and supply activities developed locally, the company's Chairman of the Board, Frank Hajdinjak, told Business Standard… read more
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08 Dec 2009 Iberdrola establishes 3 companies in Romania The Spanish Iberdrola energy giant, which posted €19.7 billion in sales and €2.02 bln in net profit in the first nine months, finally decided to establish three companies in Romania this year. They said that the victory of the candidate supported by the Democratic Liberal Party (PD-L) will prolong the political crisis… read more
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07 Dec 2009 Investments: -22.5 pc The economic crisis from Romania had immediate and very important effects on the investment sector. After 2008, year in which both the industrial and civil engineering grew significantly, 2009 has extremely dramatic effects. According to the National Institute of Statistics (INS)… read more
Most Popular News
- Germany's Max Bogl, interested in building Drumul Taberei underground main line
- Photovoltaic energy to be produced in Floresti
- IMF second and third installment to enter today the accounts of the National Romanian Bank
- BVB posts RON 8 million in profit, with business falling 40 pct
- Deloitte expects a VAT increase at 22%
- Meeting of PACE Committee on the Environment in Bucharest
- IMF Completes Second and Third Review Under Stand-By Arrangement with Romania and Approves US$3.32 Billion Disbursement
- PM Emil Boc in Budapest: Energy solidarity is indispensable
- US company to invest 30 million dollars in Romania
- Florian Libocor, BRD: Romania should go through with the IMF agreement
