foreign investments will reach over EUR 3 billion in 2005,
but once all the scheduled privatizations are finalized,
this level will be quite hard to be attain again beginning
with 2006, declared, yesterday, Ruxandra Badila, executive
director within the Foreign Investors Council (FIC). " The
predictions for this year most certainly include the CEC
privatization and what is left to be privatized in the power
sector. And we can add the greenfield projects that are to
emerge in 2005 '', specified Ruxandra Badila.
February this year, the Foreign Investors Council is to launch
the 2005 edition of the White Paper that will comprise recommendations
to the Romanian authorities for improving the Romanian business
year, Carlsberg sold with 11 percent more beer than in 2003
United Romanian Breweries, producer of the Carlsberg brand in Romania,
announced that the Carlsberg beer had an upward trend on the Romanian market
in 2004, selling with 11 percent more beer as compared to 2003.
The " Mittal Steel '' Iasi company concluded on December 27, 2004,
a loan agreement with " Mittal Steel Holdings ''. The latter will grant to the
company from Iasi a loan amounting to USD 1.75 million.
The " Iasitex '' Iasi company wants to increase its share capital,
that currently amounts to ROL 191.65 billion, by ROL 176.02 million. The company
reported for the first semester of the previous year a net profit of ROL 26 billion.
The Gerom Buzau company concluded last year with a net profit amounting
to EUR 0.27 million, up by 142 percent, as compared to the previous year. Gerom
achieved a turnover amounting to EUR 6 million, up by 22 percent as compared
funds amounting to EUR 8.11 million for the Romanian industry
The Dutch government supports the economic development and restructuring
of our country through assistance funds provided through the PSO program. This
program is designed for Central and Eastern Europe countries during their transition
to market economy. With this program, Romania received EUR 8.11 million in 2004.
'' estimation: Gross Domestic Product - up by 5.2 percent in 2005
The " Coface Intercredit Romania '' estimates an increasing rhythm
for the Gross Domestic Product of 5.2 percent in 2005. On the other hand, the
analysts consider that the inflation will exceed the 7 percent target by 1.3
percent in 2005
to relocate a part of its production in Romania
" Global Display Solutions (GDS) Manufacturing Services '' SA, the Romanian
branch of the British company GDS, specialized in electronic equipments,
is to take over a part of the company's production relocated from Italy
to Romania in a factory opened last year, representing a 2 million EUR
'' SA Boldesti Scaieni - ROL 5 billion investments
For 2005, the company " Romfor '' SA Boldesti Scaieni intends to
achieve a ROL 60 billion turnover, gross incomes of ROL 63 billion, gross profit
of ROL 3 billion and investments amounting to ROL 5 billion.
Maftei is the new " Romsilva '''s general manager
According to a communique delivered by the Ministry of Agriculture,
Forests and Rural development, Simion Maftei is the new " Romsilva '''s general
manager. He was appointed by the Minister of Agriculture, Gheorghe Flutur.