AVAS has
to recover, from 73,600 debtors, liabilities worth more than USD 5 billion
AVAS has to recover, from 73,600 debtors, liabilities worth
more than USD 5 billion. About 37% of the total value is represented by the amounts
that AVAS will have to recover in the account of four credit institutions.
In
2006, the leasing market will be marked by a high increase of funding for second-hand
cars
Bogdan Apahidean, General Manager with Porsche leasing,
considers that, in 2006, the leasing market will register a 10-15% growth
rhythm and a higher increase rhythm, of around 20%, on the second-hand cars
leasing. The second-hand cars leasing market is in its incipient stage and
has a very high growth potential. This year will be the last one with such
large growths on the new cars sales segment, the increase being expected
to slow down as of 2007, as result of good-deal cars imports raising.
In
2006, the banks' profitability will lay under the pressure of competition
and inflation
Petru Rares, president of the Romanian Banking Institute, considers
that, in 2006, the banks' profitability will lay under the pressure of competition
and inflation. He stated that, in 2007, the competition in the banking system
will register the highest level do far. Banks will finalize their group structures,
so that each of them will have leasing, insurances and investments funds activities.
A
natural person bought the major package of shares of the company Haber
Hateg
A natural person, Adrian Andrici, bought the major package
of shares (51.71%) of the company Haber Hateg, informs AVAS. The price at which
the auction concluded was RON 0.3055 per share, respectively RON 3,503,656,078.
For the first nine months of 2005, the company Bucur Bucharest
recorded RON 5,685,790 revenues from selling merchandise, representing 60.92%
of the exploitation revenues, and RON 3,502,014 revenues from rendering services,
representing 37.52% of the exploitation revenues.
The
mailing services market will go 30% up in 2006
According to the Association of Mailing Operators in Romania (AOCR),
the mailing services market will go 30% up in 2006, and will reach a total turnover
of about EUR 130 million. The providers of mobile telephony are among the companies
which resort most often to the services of rapid mailing.
The
net average increased in November 2005 up to RON 744
The net average increased in November 2005 up to RON 744, 4.3% more
than in the previous month, following some payments of premiums, as well as a
superior output in various activity domains, including telecommunications industry.
MEC
drew up a plan that includes the new directions of the energy strategy
MEC drew up a plan that includes the new directions of the energy
strategy. The Ministry targets at speeding up the projects that represent the
solutions needed for diversifying the gas import sources and for creating additional
storage capacities. One of the directions is represented by the Nabucco pipeline
project, in which Romania participates next to 4 other countries. Another project
targets building the Arad-Szeged pipeline. Transgaz has already built 60% in
the pipeline on the Romanian territory. Romgaz Romania and MOL Hungary are negotiating
the long-term transportation contract for the project. At the same time, Romania
will increase its underground natural gas storage capacity. Other projects are
the pre-feasibility surveys owned by Petrom-OMV. They are targeting the possibility
of developing storage capacities of 640 million cubics on the Piscolt and Boldesti
structures.
Romgaz might raise its daily natural gas production by 1.3 million
cubics. The increase represents 2% of the national daily consumption. Thus, the
company replied to the request of the Ministry of Economy and Trade, of informing
on the possibilities of raising its production. The 2nd largest Romanian natural
gas producer, Petrom, is also expected to announce its proposals on raising the
internal production.
In
2005, the value of transactions on the RCE and of its working points in
the territory was about USD 590 million
In 2005, the value of transactions on the RCE and of its working
points in the territory was about USD 590 million. The biggest favorable price
difference was more than USD 9.3 million.
The
sales of foreign currency sustained the national currency
In the opening of the trading session of the beginning of the week,
the European currency was rated at RON 3.6800 at buying and RON 3.6850 at selling.
Dealers claim that, during the whole meeting, the trend felt on the market was
an increasing one, sustained by the interest for selling foreign currency.
To the great dissatisfaction of investors on the capital market,
it seems that the 16% tax is here to stay. Until now was kept at the source
the 1% tax at the sale of shares which had a procuring price lower than
the selling price.
The
biggest investment in Mures county, begun in 2005, belongs to the company
Romgaz Medias
The biggest investment in Mures county, begun in 2005, belongs to
the company Romgaz Medias, which unrolls an investments program worth EUR 63
million.
Non-resident
investors had, at the end of October, RON deposits in domestic banks
worth almost RON 2 billion
Non-resident investors had, at the end of October, RON deposits in
domestic banks worth almost RON 2 billion, almost 11 times more than a year ago.
The spectacular increase is influenced by the low comparison basis. in the terms
in which non-residents got the right to create RON deposits in Romanian banks
only in April 2005. The sold reflects only the deposits made by non-residents,
other than banks.
The
German corporation Casco is the first company to open a factory in the
Industrial Park Satu Mare
The first company which invested in the Industrial Park Satu Mare
inaugurated on Saturday, January 7th 2006, its production hall. The German corporation
Casco, world leader in producing protection equipments, helmets and glasses for
athletes, is the first company to open a factory in the Industrial Park Satu
Mare.
The material features the stipulations of the Law on tobacco and
spirits advertising. The law forbids tobacco and spirits advertising within schools
and medical care units or on a radius less than 200 meters from them, measured
on the public road. Tobacco and spirits advertising is not allowed in the publications
addressing under-aged. Tobacco and spirits advertising is also prohibited if
addressing to under-aged; if featuring under-aged consuming these products; if
suggesting that spirits and tobacco products have therapeutic properties, incentive
or sedative effects or that they can solve personal problems; if providing a
negative image of abstinence; if underlining the alcohol content of spirits;
if connects alcohol to driving a vehicle; if it does not include warnings written
in Romanian (for tobacco products).
The
Competition Council accepted the modification of the Law of state reserves
The Competition Council accepted the modification and the completion
of the Law no. 82/1992 regarding the state reserves. The authority placed a condition,
namely to modify and complete some articles in the text of the normative act.
PSD
criticizes the minister of Economy and Trade on not knowing how to
negotiate the price of the gas bought from Russia
PSD criticizes the minister of Economy and Trade on not knowing how
to negotiate the price of the gas bought from Russia. The Opposition asks the
Government to resign, saying that it proved " unprofessional '' and " without
a vision '' in managing the issue of the gas. A document of PSD also states that " The
State's duty is to protect its tax-payers, to plan a bearable increase of expenses
for upkeep and gas ''.
PNL-PD
merger, to be discussed in the next meeting of D.A. Alliance
The chairman of the Democrat Party (PD), Emil Boc, announced yesterday,
January 9th 2006, after the session of the Permanent National Office of PD, that
the issue of the merger between PNL and PD is to be discussed at the meeting
of D.A. Alliance, next week.
