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March 31, 2006



      March 31, 2006


  FIC
No news for today
  Financial News
The Net Profit Of Raiffeisen Bank In 2005 Increased By 94% As Compared To Previous Results
ABN Amro Romania Opened a New Work Point in Bucharest
For This Year, HVB Bank Planned Investments Over EUR 10 Million For Expansion 
Caraiman Busteni distributes gross dividend of RON 0.9085/share 
In 2005, BRD-GSG Recorded A Net Profit of RON 576 million 
  Macroeconomic News
The Rating Agency Moody's Mainatains Its Rating For Romania At Ba1 
Trade Deficit Up More Than 50%
The Competition Council Checks State Aids For The Promotion Of Direct Investments With A Major Impact On Economy
  Investment News
Dumbrava Falticeni Earmarks More Than 90% Of Its Profit To Investments
The Water Network From Valenii de Munte Will Be Remade
The ORL Clinic Of RON 5.3 Million From Iasi
Equest Pays EUR 34.5 Million For Moldova Mall
In 2006, Altex Will Invest Over EUR 20 million In Expansion
Diverta Will Open Stores In Spania And Israel
  Legislative News
The Law Against Joint Actions Of The SIF Shareholders May Not Be Applied
Law Against Secret Verifications
  Politics
PSD Accuses Liberals Of Wanting Farmers' Agricultural Plots Of Land
Liberals Cannot Go Easily Over The Loss Of CNSAS Presidency

 

   Financial News

  The Net Profit Of Raiffeisen Bank In 2005 Increased By 94% As Compared To Previous Results

   The net profit of Raiffeisen Bank in 2004 increased by 94% as compared to previous results, to EUR 51.8 million. Raiffeisen's total assets exceeded EUR 3 billion, higher by 50% than in 2004. The bank's officials declared that " such development is due to the balanced growth of the loans granted to clients, and of deposits. '' The granted loans increased by 18%, to EUR 1.4 billion. Out of the total loans, a high percentage (60%) was held last year by the loans granted to legal entities. (corporate clients and SMEs). (English Source)
   (ZIARUL FINANCIAR 18 ) --- Read article here

 ABN Amro Romania Opened a New Work Point in Bucharest

   ABN Amro Romania inaugurated a new work point in Bucharest, located at Calea Dorobanti, meant for clients natural persons and for clients legal entities. ABN Amro Bank (Romania) SA is a branch of ABN Amro NV, one of the largest banks in the world, having assets of a total value in excess of EUR 880 billion, present in more than 60 countries and territories, ABN is present in Romania since November 1995 and is active in 15 cities (Arad, Bucharest, Brasov, Bacau, Cluj, Constanta, Craiova, Galati, lasi, Oradea, Pitesti, Ploiesti, Sibiu, Targu-Mures and Timisoara). (Romanian Source)
   (BURSA 8 ) --- Read article here

 For This Year, HVB Bank Planned Investments Over EUR 10 Million For Expansion 

  For this year, HVB Bank planned investments over EUR 10 million for a " fast '' expansion of its local network by 30 units, given the fact that only 14 branches are currently operational. Such project is independent from its merger with Banca Tiriac, which will contribute in terms of territory cover with its own 68 branches and agencies. The improvement of its territorial presence is a must, considering the orientation to providing full banking services of the entity resulting from its merger with Banca Tiriac and, subsequently with UniCredit. The first two players in the banking system - BCR si BRD-GSG - have now networks of more than 300 units, while Raiffeisen Bank and Banca Transilvania have more than 200 de units (English Source)
   (NINE O CLOCK 8 ) --- Read article here

 Caraiman Busteni distributes gross dividend of RON 0.9085/share 

  The provider of tourist services and trade activities Caraiman with its headquarters in Busteni, reported for 2005 a gross profit of RON 226,485, given the fact that the company intended to record a null outcome. The profit resulted primarily from the sale of assets and was entirely distributed to shareholders in the form of dividends. The GAS decided such distribution of dividends, resulting a gross dividend of RON 0.9085 RON/share. (Romanian Source)
   (BURSA 9 Mariana Popa) --- Read article here

 In 2005, BRD-GSG Recorded A Net Profit of RON 576 million 

  BRD-GSG recorded a net profit of RON 576 million, in 2005, up 43% as compared to 2004 and net banking income of RON 1.403 billion, up 17%, as compared to 2004. The chairman of the bank, Patrick Gelin, considered the results for 2005 " very good''. ''The results are very good. The 17% increase of the bank's income reflects the bank's strong development'', explained Gelin. BRD's gross result was RON 751 million RON, up 20 percent as compared to 2004. (English Source)
   (ZIARUL FINANCIAR 18 ) --- Read article here

   Macroeconomic News

 The Rating Agency Moody's Mainatains Its Rating For Romania At Ba1 


  The rating agency Moody's maintains its rating for Romania at Ba1, with chances for improvement in the prospect of Romania's accession into the European Union. However, Moody's representatives deem that the rating of our country is low for a country that will become a member of the European Union. In addition, the agency's specialists stated that such rating was also influenced by Romania's macroeconomic politics inconsistent at times and by the fact that our economy still has certain features of transition economies. (Romanian Source)

   (BURSA 1 Magda Stoica) --- Read article here

 Trade Deficit Up More Than 50% 


  The trade balance emphasized its instability in the first two months of the year, since the imports on the entire economy exceeded exports by more than EUR 1.4 billion, according to the latest data provided by the National Statistics Institute. The trade deficit cumulated for the first two months of the year is higher by 55.9% as compared to the same period of last year. In this way, exports increased by 22.5% as compared to the exports in the same period of last year, amounting to EUR 3.87 billion. (Romanian Source)

   (BURSA 1 Andreea Rachieru) --- Read article here
   (BURSA 4 Andreea Rachieru) --- Read article here

 The Competition Council Checks State Aids For The Promotion Of Direct Investments With A Major Impact On Economy


  The Competition Council, by its Local Competition Inspectorates, carries checks of the State aids received by the companies throughout the country according to Law No. 332/2001 regarding the promotion of direct investments with a major impact on economy. The Romanian Agency for Foreign Investments communicated to the Competition Council that it recorded 290 large investments projects, 147 of which are in progress in Bucharest and Ilfov, in n aggregate value exceeding USD 2 billion. (Romanian Source)

   (BURSA 4 ) --- Read article here

   Investment News

 Dumbrava Falticeni Earmarks More Than 90% Of Its Profit To Investments

  The net profit of company Dumbrava, producer of furniture, amounted to RON 558,529.95 RON at the end of the previous financial year, up 17.7% as compared to the previous period. More than 90 percent (RON 508,529.95) of the total value of the profit will be used for investments. " We intend to complete an investment with a heating plant, i.e. to commission such plant and install additional structures '', stated the president of the Board of Administration, Ms. Irina Iroib. (Romanian Source)
  (BURSA 9 Mariana Popa) --- Read article here

 The Water Network From Valenii de Munte Will Be Remade

  The water-feeding network from Valenii de Munte, Prahova county, will be rehabilitated. In this respect, the Specialized Service in the city will organize a public tender on May 3, the deadline for the submission of bids being May 2. The requested participation security amounts to RON 10,000, and the local budget will insure the financing. (Romanian Source)
  (BURSA 12 E O) --- Read article here

 The ORL Clinic Of RON 5.3 Million From Iasi 

  The ORL Clinic attached to the Iasi University Hospital Sf. Spiridon was inaugurated after more than 4 years of rehabilitation and modernization works. The consolidation, renovation and modernization works for the ORL Clinic attached to the Sf. Spiridon Hospital were initiated in 2001, and the funds used for this purpose currently exceed RON 5.3 million. Such works were financed from the budget of the Ministry of Health and of the Iasi Municipality. (Romanian Source)
  (BURSA 12 Doru Mocanu) --- Read article here

 Equest Pays EUR 34.5 Million For Moldova Mall 

  The British real estate company Equest Balkan Properties, focused on business in the real estate market in the South East Europe, particularly Romania and Bulgaria, announced that it acquired the commercial complex Moldova Mall in lasi, for EUR 34.5 million. Moldova Mall was held by the Moldova group of companies, under the control of Danut Prisecariu. The ground floor of the complex will address services, including telecommunication services. (Romanian Source)
  (BURSA 4 Doru Mocanu) --- Read article here

 In 2006, Altex Will Invest Over EUR 20 million In Expansion 

  According to Altex operation manager, Adrian Urda, the electronics and appliances retail market will exceed EUR 1 billion in 2006. Last year, the retailer held a market share of 30%, while the profile market level was estimated at EUR 850 million. In 2006, Altex will invest over EUR 20 million in expanding its network. In 2005, Altex reported an increase of almost 90% of its turnover, up to EUR 275 million, being the leader of the profile market from this point of view. (English Source)
  (ZIARUL FINANCIAR 18 lonut Bonoiu) --- Read article here

 Diverta Will Open Stores In Spania And Israel 

  Diverta, the largest network of media stores from Romania will invest in 2006 more than EUR 3 million in opening new stores, respectively for developing the "Best in Diverta'' concept within the existing network. Continuing with its investment plan of last year, when it opened 15 new stores, Diverta will inaugurate another three stores, in the following weeks. Diverta and Best Computers are brands of RTC, one of the largest commercial groups with Romanian capital on the local market. The Diverta network will be extended also on the Spanish and Israeli markets. The clients targeted by the company in these countries are the Romanian communities. (English Source)
  (ZIARUL FINANCIAR 18 ) --- Read article here

   Legislative News

 The Law Against Joint Actions Of The SIF Shareholders May Not Be Applied  

  The specialists of the capital market realized that the law against concentration and joint actions at the SIFs may not be applied. After almost one month of public debates around the matter, the Chamber of Deputies approved a bill according to which the shareholders of the SIFs which act jointly shall sell their shares which, in aggregate, exceed 1%of the share capital of a SIF. (Romanian Source)
  (BURSA 1 MAKE) --- Read article here

 Law Against Secret Verifications  

  On Thursday, March 30, 2006, the Senate passed a law according to which the Government, local and central public administration authorities may not conclude agreements regarding assets from the public domain which include secret clauses. Although the Government opposed, the bill was adopted " on the edge '' by the plenum of the Senate with 24 votes for, 22 against and one abstention. The initiators, a group of 8 PRM members, who are also members of the Parliament, motivated their legislative proposal giving as examples the agreements concluded with OMV and Apa Nova, which, as they state, should have been made public, being of a national interest. (English Source)
  (NINE O CLOCK 7 By Adina Balan) --- Read article here

   Politics

 PSD Accuses Liberals Of Wanting Farmers' Agricultural Plots Of Land  

  The villages' law, on which Minister Flutur is working, is criticized by Social democrats. They believe that such a project has no purpose. The former Minister of agriculture, Ilie Sarbu, considers that the actions of the current Government represent a conspiracy by which businessmen close to the current Government will enter into the possession of the farmers' agricultural plots of land, to sell them at a higher price upon Romania's accession into the EU, when their price goes up. (Romanian Source)
  (BURSA 3 Nicolae Mardari) ---  Read article here

 Liberals Cannot Go Easily Over The Loss Of CNSAS Presidency  

  Liberals cannot go easily over the loss of CNSAS Presidency. They continue with their threats against PD, thus hoping that Ticu Dumitrescu will eventually reach the promised position - Head of College. Prime Minister Tariceanu tries to assume a moderate position, which should not pose the threat of a divorce within the Alliance, but which should not leave the affairs in the state desired by PD. (Romanian Source)
  (BURSA 3 Nicolae Mardari) ---  Read article here
   
   
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