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2005 Archive:
 
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January, 2005
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January 27, 2005



      January 27, 2005


  FIC
Less foreign investments in 2006
The Foreign Investors Council to launch the White Paper
  Financial News
Last year, Carlsberg sold with 11 percent more beer than in 2003

SIF Oltenia wants to sell the share in " Vinalcool '' Pitesti

" Standard & Poor's '' has improved the BCR rating
" Mittal Steel '' Iasi - USD 1.75 million loan
" Iasitex '' - increase of share capital
SAPARD Agency to receive EUR 350 million
Gerom Buzau has doubled its profits
  Macroeconomic News
Dutch funds amounting to EUR 8.11 million for the Romanian industry
" Coface '' estimation: Gross Domestic Product - up by 5.2 percent in 2005
  Investment News
GDS to relocate a part of its production in Romania
Lee Cooper to open another 10-12 stores in Romania
The French holding " Montupet '' decided to invest in Cluj-Napoca
" Romfor '' SA Boldesti Scaieni - ROL 5 billion investments
Simion Maftei is the new " Romsilva '''s general manager
EUR 5 million deals on the office market
Benetton decided to expand on its own
Nestle, EUR 9 million in new brands and products
  Legislative News
No news for today
  Politics
Adriean Videanu, PD candidate for Bucharest's City Hall

   FIC

ISSUE Less foreign investments in 2006
The 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.
Newspaper Page Author Width Height Area Title
JURNALUL NATIONAL  15    4.08  7.28  29.71  Foreign investment to start downward trend
NINE O CLOCK    6.45  19.74  127.38  Foreign investment to start downward trends in 2006
COTIDIANUL  12    5.14  7.43  38.26  Less foreign investments in 2006
ATAC  (C B )  5.86  3.00  17.66  Foreign investment to start downward trend
REALITATEA ROMANEASCA  (D E )  4.14  10.90  45.24  FIC: less foreign investments in 2006
CURENTUL  (Eduard Paraschiva)  11.48  8.97  103.03  Less foreign investments in 2006 as compared to 2005
NATIONAL  (R N  10.34  5.74  59.39  2005 - the last year suitable to foreign investments
GARDIANUL  (S Etves)  8.80  9.85  86.77  Foreign investment to start downward trends in 2006, in Romania
CURIERUL NATIONAL  Cristina Popescu  12.00  14.13  169.75  FIC: less foreign investments in 2006 as compared to 2005
CURIERUL NATIONAL  Florentina lana  5.45  15.16  82.68  The volume of foreign investments to lower in 2006

ISSUE The Foreign Investors Council to launch the White Paper
In 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 environment.
Newspaper Page Author Width Height Area Title
ZIARUL FINANCIAR  Cristina Cuncea  10.60  17.37  184.16  Foreign investment to start downward trends in 2006, in Romania

   Financial News

   Last 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.
   (BURSA 4 A S) --- Read article here

 SIF Oltenia wants to sell the share in " Vinalcool '' Pitesti

  SIF Oltenia intends to sell its share in " Vinalcool '' Pitesti, representing 68.9 percent from the company's share capital. The price SIF asks per stock is ROL 4,000.
   (BURSA 5 R U) --- Read article here

 " Standard & Poor's '' has improved the BCR rating

   The international agency " Standard & Poor's '' improved the long-term rating granted to the Romanian Commercial Bank from " BB- '' to " B+ ''.
  (BURSA 8 C D) --- Read article here

 " Mittal Steel '' Iasi - USD 1.75 million loan


   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.
  (BURSA 9 (A B )) --- Read article here

 " Iasitex '' - increase of share capital

   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.
  (BURSA 9 Andrada Busuioc) --- Read article here

 SAPARD Agency to receive EUR 350 million

   The European Commission has raised the funds allocated to the SAPARD Agency Romania by EUR 33 million, for the 2005-2006 period
  (ZIARUL FINANCIAR 3 Mediafax) --- Read article here

 Gerom Buzau has doubled its profits

   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 to 2003.
  (ZIARUL FINANCIAR 6 Catalin Ciocan) --- Read article here

   Macroeconomic News

  Dutch 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.
  (BURSA 4 Alina Toma) ---Read article here

  " Coface '' 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

  (BURSA 8 Costi Dobrea) ---Read article here

   Investment News

  GDS 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 investment.
  (BURSA 1 ) ---Read article here
  (BURSA 4 ) ---Read article here

  Lee Cooper to open another 10-12 stores in Romania

  Gidi Goldfinger, CEO of Concept Shivuk that operates the Lee Cooper chain in Romania announced the opening of another 10-12 stores in 2005.
  (BURSA 4 Ancuta Stanclu) ---Read article here

  The French holding " Montupet '' decided to invest in Cluj-Napoca

  The French holding " Montupet '', producer of auto spare parts, announced its intention of investing approximately USD 120 million in Cluj-Napoca, in an aluminum plant.
  (BURSA 4 ) ---Read article here

  " Romfor '' 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.
  (BURSA 9 Aristica Branzan) ---Read article here

  Simion 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.
  (BURSA 10 E R) ---Read article here

  EUR 5 million deals on the office market

  Last month, the Italian holding Nusco, with activities in the field of wood industry, purchased the Floreasca Office Building in Bucharest, developed by Amitim International Consult.
  (ZIARUL FINANCIAR 1 lonut Bonoiu) ---Read article here

  Benetton decided to expand on its own

  The Italian holding Benetton decided to take the big step and open its first official store in Romania,after for several years it was present only through franchise.
  (ZIARUL FINANCIAR 6 lonut Bonoiu) ---Read article here

  Nestle, EUR 9 million in new brands and products

  The Swiss holding Nestle increased, at the end of the last year, the participation in Nestle Romania's share capital by EUR 9 million in order to achieve investments in new brands and products
  (ZIARUL FINANCIAR 6 Mediafax) ---Read article here

   Politics

   Adriean Videanu, PD candidate for Bucharest's City Hall

  PD appointed vice=president Adriean Videanu as the party's candidate to Bucharest's City Hall.
   (BURSA 1 Iulia Nitescu)) --- Read article here
   
   
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