17 Iunie 2010
Senate approves €395 mln loan from EIB for the construction of Universitate-Drumul Taberei metro lineThe Senate approved Wednesday a draft on the €395 million credit facility from the European Investment Bank for the construction of a new metro line between Universitate – Drumul Taberei.
17 Iunie 2010
Dacia to pay out dividends for fiscal year 2009Automobile Dacia has started to distribute dividends for the fiscal year 2009, as decided in the General Shareholders Meeting.
17 Iunie 2010
iPhone 4, coming soon in RomaniaOrange Romania, the largest telecom carrier in Romania, said it would launch the new iPhone 4 in Romania within just a few weeks, Dorin Odatiu, marketing director of the company, said at an event organized by Ziarul Financiar daily.
17 Iunie 2010
GE Energy: Renewable energy law would stimulate biogas productionThe enforcement of renewable energy law would stimulate investments in biogas production, a less known renewable energy source that will in turn encourage development of agricultural sector, said the GE Energy country executive Romania, Bulgaria and Moldova.
17 Iunie 2010
Groupama expects profit on its Romanian operations in 2012French-based insurer Groupama will break even in 2011, and return to profit as late as in 2012, said the chief executive of Groupama Insurances, Denis Rousset.
17 Iunie 2010
Former AIG Romania subleases office space in Victoria CenterGeneral insurance company Chartis Romania, former AIG Romania, has subleased 350-sqm office space it occupied in Victoria Center, located on Calea Victoriei to Lina & Guia, lead adviser in the deal, Jones Lang LaSalle said.
17 Iunie 2010
McDonald’s to invest a further €117 mln in RomaniaFast-food group McDonald’s said it plans to invest a further €117 million in the expansion of its restaurant chain in Romania in 2010 and 2011.
17 Iunie 2010
Check Point acquires data security startup Liquid MachinesCheck Point, global internet security solutions provider, said it acquired privately-held data security company Liquid Machines.
17 Iunie 2010
Ikano divests part of its stake in SIF MoldovaIkano Eastern Europe Equities Pool fund held by Ikano group owned by Ingvar Kamprad, founder of Ikea capped its holding in SIF Moldova to 0.99% from 1.09%.
17 Iunie 2010
Lafarge invests €1 million in ash storage and rail unloading systemLafarge Cement (Romania), the local subsidiary of the world’s largest cement manufacturer said it invested €1 million in a new ash storage and rail and truck unloading system.
17 Iunie 2010
Jan-Apr FDI drops 37%Foreign direct investments in Romania narrowed 36.8% in the fourth-month period into 2010 from the same period of last year to €1.135 billion, the current account deficit being 55.1% covered by non-residents’ direct investment in Romania.
17 Iunie 2010
Midday Forex: Leu gets modest liftThe National Bank of Romania set a reference rate of 4.2254 lei against euro down 0.16% from yesterday when it touched this year’s high.
16 Iunie 2010
Boc’s administration defeats no-confidence voteThe no-confidence motion “Stop the social genocide” signed by 120 deputies and senators affiliated to PSD and PC parties failed in the Parliament today, with 231 MPs voting in favor of the collapse of the Government.
16 Iunie 2010
Fitch: Romanian economy to contract 1% this yearAfter having suffered a 7% economic contraction last year, Romania’s GDP growth is expected to remain in the negative territory this year and drop 1%, according to Fitch Ratings estimates.
16 Iunie 2010
Boc’s administration faces fourth confidence votePrime Minister Emil Boc will face another no-confidence vote in the Parliament, the fourth since he is leading the Government, half-year since it was toppled in October 2008, after another no confidence motion.
16 Iunie 2010
Interview with John Prestbo, Dow Jones Indexes: We will look for opportunities to work more closely with SibexRomania is an interesting market for investors, as Bucharest is a solid financial and industrial hub, and Sibiu has one of the major futures markets in the region, said John Prestbo, chief executive of the Dow Jones Indexes.
16 Iunie 2010
Head of Unicredit’s CEE Banking Operations: I call Rasvan Radu to start giving out loansThe head of Unicredit’s CEE Banking Operations, Federico Ghizzoni (photo) said he is urging the directors of the bank’s subsidiaries in other CEE countries, including Romania to start giving out loans as demand remains weak.
16 Iunie 2010
Romanian car industry dropped 49% in Jan-MayNew-car registrations in Romania dropped 49% in the five-month period into May, while the European market decreased 2% from the same period of 2009, data from the European Automobile Manufacturers’ Association show.
16 Iunie 2010
Transelectrica tightens purse stringsNational electricity supplier Transelectrica said it would cut back on spending by 10% this year, reduce acquisitions and maintenance costs as well as investments.
16 Iunie 2010
Ciorbea, ZebraPay: Prepaid market will reach €1 billion in 2010The average prepaid recharge amount is €5 per month, in a prepaid market that will reach €1 billion in 2010, according to Radu Ciorbea, chief executive of ZebraPay, payment processor.
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