Czech-based
Zentiva pharmaceuticals company posted some EUR 62 million 9-months sales on
the Romanian market
Czech-based Zentiva pharmaceuticals company posted some EUR
62 million in 9-months sales on the Romanian market, an 11-fold increase as compared
to the similar period of last year. Yet, last year's value does not include the
Bucharest-based Sicomed's turnover, that was taken over last autumn by Zentiva.
Over the first 9 months pf 2005, Sicomed had posted a turnover of some EUR 43
million and a net profit of some EUR 9 million. (Romanian Source)
Bacau-based
Comcereal posted RON 3.2 million H1 turnover
Bacau-based Comcereal is active in cereals retail and services
consisting of managing the conditioning, drying and storing cereals and technical
plants, having some 80% of the Bacau cereals market. The company posted the
following financial indicators for H1 2006: RON 3,225,990 turnover, RON 3,434,025
exploitation revenues, RON 161,912 exploitation loss, RON 129,508 financial
loss, RON 3,434,046 total revenues, RON 291,420 net loss, RON 1,464,940 total
debts, of which RON 1,436,847 are to pay within less than 1 year. (Romanian
Source)
Medias-based
Dafora Turism shareholders approved social capital raise
Medias-based Dafora Turism shareholders approved raising the
social capital to RON 100,000, by issuing 293,140 new shares of a RON 0.1 nominal
value. Recently, Medias-based Dafora Turism shareholders decided to take an EUR
36.7 million loan. The loan was taken from Banca Anglo-Romana, by placing a mortgage
over Sibiu-based Binderbubi hotel. (Romanian Source)
SC
Marmura Bucuresti SA shareholders decided to cut the company's social capital
SC Marmura Bucuresti SA shareholders decided to cut the company's
social capital from RON 4,622,034 to RON 4,621,982.30, annulling 517 shares.
The capital cut was applied after discovering that the company's single associate,
SC Minola SRL, submitted no document regarding the stake owned in Marmura. Marmura
Bucuresti SA owns three quarries and exploitation and processing technology.
As of 1990, the company is exporting products in Europe (France, UK, Germany,
the Netherlands) and in the US. (Romanian Source)
Suceava-based Bermas SA's 9-months profit stands at RON 4.5
million, 10% up as compared to the similar period of 2005. The profit hike came
on the background of total revenues going 0.9% up (from RON 23.2 million on the
first 9 months of 2005 to RON 23.4 million through January-September 2006) and
of total expenses dropping by 1.69% (from RON 18.4 million on September 30 2005
to RON 18.1 million in the similar period of 2006). (Romanian Source)
Activity
in processing industry, retail and services will go up in Q4 2006
The activity in the processing industry, retail and services will
go up in Q4 2006, while the activity in constructions will drop, as compared
to the 3 previous quarters, estimate commercial companies' managers. They are
also expecting prices to hike in all of these fields. According to the managers'
estimations, through October-December, the positive trend will be maintained
both in the production volume of the processing industry (conjectural surplus
of 15%) and in the stock of contracts and demands (+11%). (Romanian Source)
As
of 2007, the number of employees on the labor force market will not increase
by a great deal, even if the economic growth is constant
As of 2007, the less numerous generations will enter the labor force
market and the number of employees will not increase by a great deal, even if
the economic growth is constant. resorting to immigrants will become a necessity
in 5-6 years, when young labor force will be reduced by the higher ratio of students
in each generation and by young people leaving the country for better paid jobs
in the West. (Romanian Source)
AOAR
criticizes NRANGS' decision to raise natural gas prices
The Association of Businessmen from Romania (AOAR) expresses its
complete disagreement to the decision made by the National Regulatory Authority
in the Natural Gas Sector (NRANGS), of raising natural gas prices for the population
by over 8% in November. AOAR mentions the fact that, this way, the only state
authority designated to protect the consumer's interest is playing the game of
private companies, for which it facilitates incorrect profits, under the circumstances
in which the natural gas delivery prices did not change and no upgrading or expanding
investments were made in the gas supplying system. (Romanian Source)
After
the EU accession, imported food and beverages prices will drop by 10% to
35%
After the EU accession, imported food and beverages prices will
drop by 10% to 35%. Market research institute Gfk says one of the main post-accession
trends on the consumer goods market is the shift in control over the market and
implicitly over the price from producers to retailers, which will generate a
continuation of the trend that sees products on the single market become cheaper,
due to a fiercer and fiercer competition among merchants. (English Source)
Martifer
builds Romania-based refinery specialized in biodiesel from vegetable oil
The banking consortium made up of BRD-Groupe Societe Generale and
Portugal-based Calxa Geral de Depositors signed a loan contract with Martifer
Group, represented by Agromart Energy SRL and Biomart Energy SRL, in order to
finance the bio-diesel production project developed by the Portuguese group in
Romania. The Portuguese group Martifer is building in Romanian a refinery specialized
on manufacturing bio-diesel from vegetable oils, according to the European standards.
(Romanian Source)
Iasi-based
Ceramica invested EUR 7.5 million in new ceramic tiles production line
Iasi-based SC Ceramica SA's management announced, at the end of
last week, completing the investment in a new ceramic tiles production line. " The
investment is worthing EUR 7.5 million and, through this project, our company
becomes one of the most modern companies Romania, by terms of technology '',
said Corneliu Lucaci, Ceramica's General Manager. (Romanian Source)
Craiova
and Iasi draw EUR 140 million investments in two shopping centers
Two Greek-owned companies, Epsilon and Omilos, will invest 140 million
euros over the following years, to build two shopping centers in Craiova and
lasi, that will add more than 100,000 square meters to the retail space in the
two cities. Craiova Mall mainly targets the 100,000 inhabitants of the districts
near Romanescu Park. Era Park shopping center, based in lasi, will be placed
at the entrance to the city and will stretch on 35 hectares. The total investment
in this center, put at 100 million euros, is made by the Greek company Omilos,
that also owns a Praktiker store in Craiova. (English Source)
EIB may lend EUR 200 million to Bucharest city for urban regeneration
projects, for the educational system and street infrastructure. The total investment
is worthing EUR 600 million, the rest of the funds being drawn from the local
budget and, possibly, from the EU. (Romanian Source)
Liberal
Senator Varujan Vosganian said that President Traian Basescu must
bring truth out in the open
On Monday, October 30, Liberal Senator Varujan Vosganian said that
President Traian Basescu must bring truth out in the open, to establish the source
and motivation of the delicate situation he was put in in his quality of Romania's
candidate for the European Commissary seat. Varujan Vosganian said that one of
the accusations brought to him by the press, that of having ties to controversialist
businespersons, was launched a couple of years ago by President Traian Basescu
himself. (Romanian Source)
Senator
Dan Voiculescu asked the Ministry of Foreign Affairs to firmly ask
the British party to immediately cease the treatment to which Romanian
citizens who want to get a visa for the UK are subjected to
On Monday, October 30, PC President, Senator Dan Voiculescu, asked
the Ministry of Foreign Affairs to firmly ask the British party to immediately
cease the treatment to which Romanian citizens who want to get a visa for the
UK are subjected to. Otherwise, Dan Voiculescu considers that " perfect reciprocity
'' measures are in order, and British citizens applying for a visa for Romania
should be explained that the regime they are subjected to " is taken over, through
symmetry, by the Romanian party at the UK Embassy ''. (Romanian Source)
