The company
in Cluj Icpiaf obtained in 2005, after nine months of activity, results close
to those of 2004
The company in Cluj Icpiaf obtained in 2005, after nine months
of activity, a net profit of RON 959,277, meaning 74.5% of the net results of
2004. The turnover was RON 10.6 million. The total revenues were RON 10.8 million,
respectively 74.4% of those recorded in 2004, and the expenses were RON 9.6 million,
meaning 75.5% of the previous consumption.
Bancpost
targets, for 2006, a profit exceeding EUR 20 million
Bancpost targets, for 2006, a profit exceeding EUR 20 million,
after registering negative results in 2005, caused by the expenses on reorganizing
its personnel (approximately EUR 12.4 million). Bancpost has now reached
3,000 employees. The bank's assets are forecast to reach EUR 2.2-2.3 billion
at the end of the year and its credits portfolio - EUR 1.5 billion.
Sano Vita in Ramnicu Valcea was the first company which imported
and distributed on the Romanian market, ten years ago, soy products. Sano Vita
made a turnover of ROL 120 billion in 2005. For 2006 is foreseen a 30% increase
in the company's turnover.
The
Ministry of Finances resorts to the commercial banks' reserves in order
to cover its short-term reserves need
The Ministry of Finances resorted to the commercial banks' reserves
in order to cover its short-term reserves need, by organizing 2 auctions for
attracting deposits with a 1 week maturity period. or the first auction, organized
on Friday, January 13th, the interest at which the Ministry attracted the funds
was 4.8% per year. On Monday, January 16th, the date of the 2nd auction, the
interest was lowered by almost 1%, down to 3.9%. The attracted amounts were not
made public.
According
to a CNP study, the evolution of industrial output in 2005 was mostly the
result of adaptation to the market conditions
According to a National Prognosis Commission (CNP) study, the evolution
of industrial output in 2005 was mostly the result of adaptation to the market
conditions. Communications was one of the most adapted branches to the market
demand.
According
to the statistics drawn up by the Ministry of Labor, 550,000 Romanians
are receiving financial help for heating with natural gas
According to the statistics drawn up by the Ministry of Labor, on
December 31st 2005, more than 1,050,000 families were receiving State-aids for
paying the heating bill. Another 500,000 families and singles and without any
income, beneficiaries of the Law on the minimum guaranteed income, add to this
figure.
An
IMF delegation will arrive in Bucharest on January 25th
An IMF delegation will arrive in Bucharest on January 25th and will
analyze, for 2 weeks, the results of the Romanian economy in 2005, as well as
its perspectives for 2006 and 2007. The mission will analyze the macroeconomic
results, including the current account deficit and the inflation.
Several
analysts, including Radu Ghetea, consider that NBR's 5% inflation target
set for 2006 lacks market credibility
NBR keeps the 2006 inflation target at 5%, lacking market credibility,
most analysts forecasting adjusting it by at least 0.5%, as happened in 2005.
The 2-3% inflation target set for 2008, when Romania should meet EU levels, thus
became even less credible. Radu Gratian Ghetea, president of the Romanian Banking
Association, considers that inflation is one of Romania's delicate points, existing
the possibility of increasing to 6% in 2006.
Ilie
Serbanescu analyst says there is no world energy competition market
Ilie Serbanescu analyst says there is no world energy competition
market. He considers that international prices in the energy field are not determined
by competition but by the power positions, the natural or technological monopoles.
Ilie Serbanescu notes the fact that, in Romania, gas imports are made by companies
created by Gazprom.
Romania's
EU accession and Austria's influence in making a decision
Cristian Campeanu leading article author considers that the fact
that Austria owns the rotating presidency of the EU in the period in which a
decision will be made on our country acceding to the EU in 2007, is " a good
thing '' for Romania and Bulgaria. The author notes the fact that Austria is
the most important investor in the Balkans region, a position consolidated by
the recent Petrom and BCR acquisitions.
More
than 3,400 project requests submitted so far to BCR in the " Farmer ''
program
More than 3,400 project requests submitted so far to BCR in the " Farmer
'' program, even though no such investment credits were actually given from the
ROL 300 billion allotted by MAPD in 2004 to the program. The requests are generally
targeting projects in vegetable growing and animal husbandry.
Austrian property investment fund Europolis has invested approximately
EUR 103 million on the Romanian market thus far. For example, the fund
invested in the Europe House project, also known as the Orange building,
as it is the headquarters of the mobile telephony operator Orange.
The
volume of foreign and international investments in Romania will increase
after the EU Adhesion
The representatives of Romanian Investment Agency say that the volume
of foreign and international investments in Romania will increase after the EU
Adhesion. In the first months of 2005, the volume of foreign investments in Romania
amounted to EUR 3.48 billion, the main investors being Petrom, Dacia, Ispat Sidex,
Rompetrol Rafinare and Mobifon.
Romgaz
Medias has recently given 2 equipment purchase contracts to German companies
Romgaz Medias has recently given, after public auctions, 2 equipment
purchase contracts. Both winners are German companies. The total value of the
contracts is close to EUR 6 million. In 2006, Romgaz will invest EUR 28 million
in the program on developing its underground natural gas storehouses.
Alpha
Bank announced it plans on massively expanding in South-East Europe
Alpha Bank, 2nd lead Greek bank, announced it plans on massively
expanding in South-East Europe in the next 3 years. Alpha Bank, already present
in countries such as Romania, Bulgaria, Albania, Serbia and Cyprus, targets,
by 2010, to have a 10% market share in the banking system in this region. The
Greek bank presented its outlook for the 2006-2008 period, as well as its strategic
objectives by the end of this decade.
The
agriculture in Dambovita attracted last year EUR 10 million from foreign
funds
In Dambovita county were attracted in agriculture, in 2005, three
times more European funds than in the years 2003 and 2004, most of the money
being used to set up and upgrade animal farms, but also to buy some agricultural
machines.
Siveco
Romania will administer the informatized management of Timisoara Airport
The international airport Traian Vuia in Timisoara and Siveco Romania
concluded a contract regarding the informatized management of air-harbor services,
in the project of developing the activities of the airport in Timisoara, worth
more than EUR 96 million.
The
President Traian Basescu likes the legislative package in the sanitation
domain
The President Traian Basescu stated yesterday, January 17th 2006,
that the new package of laws in the health domain create circumstances for insuring
some quality medical services, so that the doctor should profess with insured
necessary material means and places the sick person at the center of the health
system.
As
of January 1st 2007, the collection basis of contribution to health
insurance will be enlarged
The prime minister Calin Popescu-Tariceanu announced yesterday, January
17th 2005, at the presentation of laws regarding the health reform, that, as
of January 1st 2007, the collection basis of contribution to health insurance
will be enlarged so that the number of those paying it will be much higher.
