Scop Computers
distributes on the Romanian market brands such as Toshiba, Fujitsu Siemens
or Sony
The distributor of IT solutions and equipments Scop Computers
obtained in 2005 a turnover of EUR 55 million, 40% up as against 2004. In 2006,
the company stakes on a 35-40% increase, mentioned Horia Chitu, CEO. Scop Computers
distributes on the Romanian market brands such as Toshiba, Fujitsu Siemens or
Sony
According
to Mediafax estimates, the revenues from services of CONNEX-Vodafone situated
between USD 90 and 950 million in 2005
According to Mediafax estimates, the revenues from services
of CONNEX-Vodafone situated between USD 90 and 950 million in 2005. The amount
of USD 900 million is close to the estimation of the former president of
the company, Ted Lattimore, who stated, in June 2005, that Mobifon will record
a business volume of USD 1 billion for the next 12 months. The main competitor
of Mobifon is Orange, which had more than 6.2 million clients at the end
of September 2006. Orange did not announce the financial data for 2005.
SIF
Transilvania posted RON 37.4 million in profits for 2005
SIF Transilvania posted RON 37.4 million in profits for 2005, 54%
down from the 2004 clear profit. SIF Transilvania's profits on 2004 came mainly
from the fact that the company chose to sell, by successive transactions on the
Stock Market, a share package consisting in 9.7% in the stock of Rompetrol Rafinare,
for which it cashed approximately EUR 25 million.
The
Ministry of Finances covers its short-term need of cash by attracting over-night
deposits
The Ministry of Finances resorted to domestic banks once more, in
order to cover its short-term need of cash. At the beginning of the week, the
Ministry organized an auction on the monetary market for attracting over-night
deposits, in which it obtained ROL 200 million.
Increasing
the minimum currency reserves to 35% was endorsed on Wednesday, January
25th
The NBR settlement on increasing the minimum currency reserves of
commercial banks from 30% to 35% was endorsed on Wednesday, January 25th. The
measure leads to additional expenses for banks in granting loans in EUR and may
result in higher interests on currency loans. Yet, in exchange, a series of banks
have already announced cheapening RON loans.
AOAR
says that Romania will import approximately 70% in the needed energy resources
in the 2010-2012 period
The Businessmen's Association of Romania (AOAR) announced that official
data show that Romania will import approximately 70% in the needed energy resources
in the 2010-2012 period, from the 4-% in the present. Among Romania's trumps,
AOAR underlined the oil, natural gas and energy coal production and reserves.
The
authorities are looking for solutions so that people are not affected by
the lack of gas
Yesterday, January 25th, PM Calin Popescu Tariceanu summoned those
in charge with supplying natural gas at the Government. Among those present were
representatives of Distrigaz Sud, " Dispeceratul de Gaze '', the Ministry of
Economy and the Ministry of Administration and Domestic Affairs.
Distrigaz
Nord and Sud reduced the amount of gas delivered to part of the industrial
consumers
In order to meet the high natural gas consumption determined by
the very low temperatures, the Ministry of Economy took a series of measures
on restricting large consumers. Distrigaz Nord reduced the amount of gas delivered
to part of the industrial consumers in its portfolio, while Distrigaz Sud announced
reducing the amount of gas delivered to the same type of consumers by as much
as 30%.
Ioan
Codrut Seres, minister of Economy and Trade, announced the calendar of
the future gas price hikes
Ioan Codrut Seres, minister of Economy and Trade, announced the
calendar of the future gas price hikes. Invited in a televised talk-show on Tuesday
night, the minister of Economy stated that the price consumers pay for natural
gas depends very much on its international price. At this moment, Russian gas
cost USD 280-285 per 1,000 cubics and the price will not hike in 2006 any more.
Thus, after July 1st, Distrigaz Nord consumers will pay ROL 9,192,760 per 1,000
cubics, while Distrigaz Sud consumers - ROL 9,315,768 per 1,000 cubics. That
is a price 35% higher than in 2005.
Transgaz
Medias transports approximately 67 million gas cubics each day to distributors
by its network
Transgaz Medias transports approximately 67 million gas cubics each
day to distributors by its network, so that the amount is distributed to the
population with priority. The amount of natural gas taken out of the underground
storehouses in this period is 18.2 million cubics per day. To this amount, another
32.4 million cubics per day - Romgaz and Petrom's internal production - and 16.3
million cubics of imported gas add to this amount.
(JURNALUL NATIONAL 11 ADRIAN
N IONESCU FLORINA ZAINESCU) --- Read
article here
As
result of the measures on restricting consumption credits, financial institutions
are looking to satisfy the demand by offering new crediting products
An increasing number of offers for unspecified loans without a mortgage
appeared on the banking market. This is a simple funding instrument, that requires
only the ID and a wage certificate. This funding method appeared as result of
the new legal settlements that tend to restrict consumption loans, exactly for
limiting the explosive increase of consumption.
Tamer
Ozatakul, president of Finansbank, about the Romanian banking market
Tamer Ozatakul, president of Finansbank, says that the Romanian
banking market is not facing, for the time being, a strong competition. The Romanian
profile market has, at this moment, plenty of space, especially where the participation
of foreign shareholders to the capital of commercial banks is concerned.
Terapia
Cluj-Napoca analyzes the possibility of an acquisition on the Polish market
The pharmaceutical company Terapia Cluj-Napoca analyzes the
possibility of an acquisition on the Polish market, as part of the expansion
strategy on the regional markets. Privatized in 1996, Terapia was bought
by the American investments fund Advent, in 2004. Advent invested until
now in Romania in several companies, including CONNEX.
According
to ONRC, in December 2005, foreigners brought on the market EUR 620 million
in the social equity of Romanian companies
The first 20 foreign investors pumped funds exceeding EUR 620 million
in the social equity of Romanian companies, according to the data presented by
the National Office of Trade Register )ONRC) for December 2005. This was one
of the most active months from the point of view of contribution of foreign equity
to Romanian companies, being 14 investments at a level of at least EUR 5 million.
The pharmaceutical and financial sectors had the largest weight, but also the
industry of car or retail and communications industries recorded important capital
entries.
JW
Marriott - the first hotel to enter the free gas market
JW Marriott is the first hotel to enter the free gas market. The
hotels' management has recently asked NRANGS to grant it the status of eligible
gas consumer, a position that would allow it to negotiate its own amounts of
gas, prices and to choose its own provider on the market. On the other hand,
captive consumers can only buy gas from Distrigaz Sud (if located in southern
Romania) or from Distrigaz Nord, at the price set by NRANGS. Wirom Gas, WIEE
Romania or Imex are other active providers.
(ZIARUL
FINANCIAR 1 ADRIAN MIRSANU ROXANA PETRESCU) --- Read
article here
ABN
Amro Bank and ING Bank are among the Dutch clients of XYZ Partners
XYZ Partners BV consultancy company opened, on November 23rd 2005,
in Bucharest, its Romanian branch. XYZ Partners BV is a consultancy company specialized
in developing business strategies and in financial and operational assistantship
services. ABN Amro Bank and ING Bank are among its Dutch clients.
BCR
and IFC signed an EUR 75 million loan agreement for supporting the crediting
activity for SMEs
BCR and International Finance Corporation (IFC), the World Bank's
investments department, signed an EUR 75 million loan agreement for supporting
the crediting activity for SMEs, as well as for supporting the development of
credits given to the population.
The
amount of gas delivered by Russia dropped by 20%; Distrigaz is mentioned
The amount of gas delivered by Russia dropped by 20%. Codrut Seres,
MEC minister, says that the problems will last another 9 days. Codrut Seres stated
that he received, by phone, insurance from Gazprom that, as of Thursday morning,
January 26th, the entire amount of gas stipulated in the delivery contract will
be provided. Distrigaz Sud reduced the amount of gas delivered to a series of
industrial consumers.
PM
Tariceanu asked for solutions for avoiding a future gas crisis
PM Calin Popescu Tariceanu asked those in charge with natural gas
to come up with solutions for avoiding future problems, similar to the ones faced
in this period in natural gas supplying. Tariceanu reminded 2 of the solutions
previously discussed, that is increasing the domestic production and the storage
capacity.
