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December, 2004
December 1, 2004
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December 24, 2004



      December 24, 2004


  FIC
No news for today
  Financial News
" Banca Carpatica '' is to become stockholder to " Carpatica Asig ''
The Businessmen's Association of Romania demands the reduction of fiscality
BCR opened three more branches
" Electrica Muntenia Sud '' turnover up to EUR 292 million
Aviva to increase its share capital with USD 1 million
Sicomed mortgaged a part of its lands
SIF Muntenia sells 5.1 percent in Banc Post
  Macroeconomic News
No news for today
  Investment News
" Eforie '' SA invests 4.4 billion lei in " Prodprest ''
French mart opened in Sibiu
EUR 2.2 million for the Arta Culinara Cluj restaurants
SIF Banat-Crisana to become the majority stockholder to Caz Vest
Celsius 2000 exports 95 percent of its thermic stations in the United Kingdom
Labormed Pharma - increasing with over 50 percent of its turnover
Dan Adamescu buys into " Romania Libera ''
SAPARD finances with EUR 940,000 the workings on the water network in Suncuius
The park of the Romanian-Hungarian reconciliation - the most important investment in Arad in 2004.
  Legislative News
No News for today
  Politics
PNL-PD-UDMR-PUR government
Tariceanu secures majority support for Government

   Financial News

   " Banca Carpatica '' is to become stockholder to " Carpatica Asig ''

  " Banca Comerciala Carpatica '' (BCC) is to become the majority stockholder to the insurances company " Carpatica Asig '' by the end of 2006, declared Nicolae Hoanta, bank's president.
   (BURSA 1 (C D )) --- Read article here

 The Businessmen's Association of Romania demands the reduction of fiscality

  The Businessmen's Association of Romania supports, according to its politics of the last years, the necessity of reducing the fiscality, especially the one connected to labor's cost, in order to maintain Romania's competitiveness.
   (BURSA 3 (C I )) --- Read article here

 BCR opened three more branches

   " Banca Comerciala Romana '' (BCR) opened this month three more branches in Bucharest, as well as in Bacau and Tulcea counties. Therefore, the total number is up to 313 branches and agencies, at national level, states a communique delivered by the bank .
  (BURSA 8 (Anca Ion)) --- Read article here

 " Electrica Muntenia Sud '' turnover up to EUR 292 million


   " Electrica Muntenia Sud '', Electrica's branch, estimates a turnover of approximately EUR 292 million (ROL 12,000 billion ) for this year, up with almost 18 percent as compared to the previous year.
  (ZIARUL FINANCIAR 3 Adrian Mirsanu) --- Read article here

 Aviva to increase its share capital with USD 1 million

   The insurances company " Aviva Asigurari de Viata '' announced the increasing of its share capital with USD 1 million (EUR 746.62 thousands) up to USD 19.5 million (EUR 14.5 million). Aviva launched this month three new clauses for the company's most recent product: BetaCredit.
  (ZIARUL FINANCIAR 4 Ioana Leaua) --- Read article here

 Sicomed mortgaged a part of its lands


   The pharmaceuticals producer Sicomed Bucharest mortgaged a land having almost 300,000 sqm, together with the connex buildings to Raiffeisen Bank, representing a guarantee for the contracted loans to this bank.

  (ZIARUL FINANCIAR 3 Alexandru Cerchez) --- Read article here

 SIF Muntenia sells 5.1 percent in Banc Post


   The Financial Investment Company (SIF) Muntenia has sold 5.1 percent in Banc Post to the bank's majority stockholder, the Greek group EFG Eurobank Ergasias. The deal was worth EUR 9.58 million, at a price of ROL 8,300/share.

  (ZIARUL FINANCIAR 10 Vlad Nicolaescu) --- Read article here

   Investment News

  " Eforie '' SA invests 4.4 billion lei in " Prodprest ''

   " Eforie '' SA invests 4.4 billion lei in " Prodprest ''. Following this investment, " Eforie '' SA will take control of the company, holding 51.29 percent share in " Prodprest ''.
  (BURSA 4 Dan Nedelcu) ---Read article here

  French mart opened in Sibiu


  A mart EUR 1.8 million worth was recently opened in Giurgiu by Jean Francois Hellio, president of the Company of Economical Development in France. The store belong to the Musketeers Group.
  (BURSA 4 ) ---Read article here

  EUR 2.2 million for the Arta Culinara Cluj restaurants

  A company owned by two investors on the real estate market in Cluj-Napoca launched on the Rasdaq Electronic Stock Exchange an offer of EUR 2.2 million for taking over the stocks of Arta Culinara company, from Cluj
  (ZIARUL FINANCIAR 1 Vlad Nicolaescu) ---Read article here

  SIF Banat-Crisana to become the majority stockholder to Caz Vest

  SIF Banat-Crisana is to become the majority stockholder, with 55 percent, to Gaz Vest Arad, one of the main private players on the natural gases distribution market, following a deal to be concluded in January next year.
  (ZIARUL FINANCIAR 6 Vlad Nicolaescu) ---Read article here

  Celsius 2000 exports 95 percent of its thermic stations in the United Kingdom

  The thermic stations producer Celsius 2000 bets a 30 percent growth of its turnover next year, based on the increasing of its production with approximately 40 percent, declared Andreia Costa, company's general manager. Therefore, the company's businesses will go up to approximately EUR 8.3 million.
  (ZIARUL FINANCIAR 6 Adrian Mirsanu) ---Read article here

  Labormed Pharma - increasing with over 50 percent of its turnover

  The Romanian pharmaceuticals producer Labormed Pharma estimates an increasing with over 50 percent of its turnover this year as compared to the previous year. Last year, Labormed registered sales worth approximately EUR 9 million.
  (ZIARUL FINANCIAR 6 Alexandru Cerchez) ---Read article here

  Dan Adamescu buys into " Romania Libera ''

  The businessman Dan Adamescu, owner of Unirea Shopping Center commercial complex, Bucharest and of Astra insurances company, took over a stake in the " R '' company that publishes daily the " Romania Libera '' journal.
  (ZIARUL FINANCIAR 10 Sorin Paslaru) ---Read article here

  SAPARD finances with EUR 940,000 the workings on the water network in Suncuius

  Suncuius from Bihor county received, at the end of December, a SAPARD financing worth EUR 940,294 for working on on the water network. The project implies the installation of 12 kilometers of networks.
  (BURSA 12 Raluca Bara) ---Read article here

  The park of the Romanian-Hungarian reconciliation - the most important investment in Arad in 2004.

  The park of the Romanian-Hungarian reconciliation represents the most important investment in Arad in 2004. The total value of the workings on this project exceeds ROL 33 billion.
  (BURSA 12 Raluca Bara) ---Read article here

   Politics

  PNL-PD-UDMR-PUR government

  Calin Popescu Tariceanu will lead a PNL-PD-UDMR-PUR coalition government. It seems that Adrian Videanu (PD), Marko Bela (UDMR) and Codrut Seres (PUR) will be vice-prime-ministers.
   (BURSA 3 Iulia Nitescu) --- Read article here
   (BURSA 1 Iulia Nitescu) --- Read article here

  Tariceanu secures majority support for Government

  After the first political consultations, the appointed Premier Calin Popescu-Tariceanu has secured support from the parliamentary majority by taking in PUR and UDMR in the government formed by the D.A. Alliance
   (ZIARUL FINANCIAR 1 Mirela Luca) --- Read article here
   (ZIARUL FINANCIAR 9 Mirela Luca) --- Read article here
   
   
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