Transilvania
Bank launched real estate loan addressing companies
On Wednesday, November 29, Transilvania Bank launched a real
estate loan addressing companies, granting funds of up to EUR 200.000. The funds
will be used by clients to buy real estates - production spaces, medical, lawyer
or notarial cabinets, but also for living. The exploitation profit of the company
is taken into consideration when calculating the capacity to record debts, adding
the amortization. (Romanian Source)
Finansbank
launched a savings account mixing the flexibility of a current account with
the interest rates of a term deposit
Finansbank launched a savings account mixing the flexibility
of a current account with the good interest rates of a term deposit. Avantaj
account allows submitting cash, intra and inter banking entering, transfers
and funds withdrawn in any moment. In order to benefit of the preferential
interest rates, the client must maintain into account a minimum sold of RON
500. (Romanian Source)
HVB
Housing Bank observes Raiffeisen Housing Bank' model and will set up mobile
sale units
HVB Housing Bank, a specialized player on savings and housing
credits niche, is going to use mobile sale units, located in the big stores,
in order to promote their products. A similar action has also made Raiffeisen
Housing Bank (RBL), the other player on this niche, that has announced since
the last month this intention. Both of the banks are planning to arrange about
50 such mobile sale units. (Romanian Source)
OTP
Bank launched a co-branded credit card in partnership with Mol Romania
Petroleum
OTP Bank launched the first co-branded credit card of its portfolio,
in partnership with the fuel supplier Mol Romania Petroleum. This is the the
first co-branded card launched by a bank in partnership with a fuel supplier
on the local market. The most aggressive players on the co-brand cards are BCR
and the consume credit division with BRD-GSG. Such cards have been also issued
by Raiffeisen Bank and the formed Tiriac Bank. (Romanian Source)
Romexterra Bank is granting credits of up to RON 150,000 or
the equivalent in Euro to small and middle enterprises. The reimbursement period
stands at up to five years. The lending institution is financing 100% of the
investment made. Romexterra Bank's strategical shareholder is MKB Bank, subsidiary
of Bayerische Landesbank Group. (Romanian Source)
E.ON
Ruhrgas gave its approval on publishing the E.ON Gaz Romania privatization
contract
Germany-based E.ON Ruhrgas approved the publishing of E.ON Gaz Romania
privatization contract (former DISTRIGAZ Nord) and announced that it supports
the Romanian Government`s initiative for the transparency of privatization contracts
in energetic system. Stephan Kamphues, member of the board with E.ON Ruhrgas
International, said that, even though there is no consecrated international practice, " we
agreed with the contract being published. Through this action, we are showing
the commitments E,ON Ruhrgas made in Romania, in supplying gas in Romania ''.
(Romanian Source)
Electricity price hikes as of December 1. Initially, the hike was
scheduled for the beginning of 2007, but it was slipped forward so that producers
do not record additional losses. The prices for household consumers and companies
with a low consumption will go 4.7% up. According to the National Regulatory
Authority in the Energy Segment, if prices had hiked in 2007, the producers'
losses would have triggered an even higher price hike for the population. (Romanian
Source)
CNI
to increase its contribution to the Dambovita Center Project Company
The National Investment Company CNI will increase its contribution
to the Dambovita Center Project Company from 10% to 15%. The project will be
developed in tree different phases, will be completed in some 8 years and will
require investments of around EUR 130-140 million. (English Source)
Through
an EUR 7 million investment, Mr.Bricolage opened its first outlet in Romania
Through an EUR 7 million investment, Mr.Bricolage opened its first
outlet in Romania, in Bucharest. The total value of the investment will exceed
EUR 200 million. 6% of Mr.Bricolage's suppliers are Romanian, the rest of the
products being imported from 9 European countries. The company targets at becoming
leader on the Romanian profile market in 6 years. (English Source)
UniCredit
Italy and Bank Austria Creditanstalt, interested in new investments in
Romania
During a meeting with PM Calin Popescu-Tariceanu, Alessandro Profumo,
President of UniCredit Italy and Erich Hample, President of Bank Austria Creditanstalt,
expressed their interest in running new investments in Romania. During this meeting,
the PM pointed out that the Romanian economy, currently in a spectacular growth,
is providing excellent investment opportunities for companies such as UniCredit
Italy or Bank Austria. (Romanian Source)
The
Government decided to publish the annexes of the law that increased the
warrant limits of the amounts involved in Bancorex conflict
On the session taken place on Wednesday, November 29, the Government
decided to publish the annexes of the law that increased the warrant limits of
the amounts involved in Bancorex conflict, without mentioning the content of
this annexes. The Government is to publish in the Official Gazette the OG 1087/2006
annexes on raising the collateral ceilings of the amounts which are the object
of the litigation derived from Bancorex's activity till the time it was erased
from the Commerce Registration. (Romanian Source)
Members
of the permanent Bureau of the Chamber of Deputies were informed
of PNL parliamentarian group's decision to designate 3 Deputies for
the vice-leader positions of the parliamentarian group
On Wednesday, November 29, the members of the permanent Bureau of
the Chamber of Deputies were informed of PNL parliamentarian group's decision
to designate, after free elections, 3 Deputies for the vice-leader positions
of the parliamentarian group. The leader of the Liberal Deputies, Crin Antonescu,
claims that the 3 vice-leaders announced their resignations from the seats held
immediately after they signed the Appeal for PNL's Unity initiated by Gheorghe
Flutur. (Romanian Source)
PRM
rallies a PD initiative of investigating the way Petrom was privatized
Democrat Senator Marius Marinescu suggested to Corneliu Vadim Tudor,
President of the Greater Romania Party, the parties they represent " join ranks
so as to bring the mafia where it belongs ''. This suggestion was made in the
senate;s Permanent Bureau session on Tuesday, November 28, in the context of
the debates on setting up an investigation commission for the Petrom privatization.
(Romanian Source)
