Arhiva pentru data 15.02.2006


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1.What the newspapers say: February 15, 2006 Most Bucharest newspapers go with the trend and run front page stories of judicial moves against various businessmen and politicians. Evenimentul Zilei is a bit different and lets one of these people, oilman Dinu Patriciu, to break silence on supposed support for the former Saddam regime in Iraq. But football, eavesdropping ops and French cars are also in the news.
2.Patriciu admits: bribes to Saddam regime
might have occurred
For the first time since the eruption of the "oil-for-food" scandal, the head of the Romanian company Rompetrol Dinu Patriciu admits in an interview for Evenimentul Zilei it is possible that company money might have reached the pockets of the former Iraqi regime.
3.ING Life Insurance Unit goes Bulgaria The Dutch ING Group is to launch a Life Insurance Unit on Bulgarian market. The company awaits license from Bulgarian financial regulator in Sofia, Hotnews.ro writes, quoting the Bulgarian electronic journal Dnevnik.
4.Orange Romania Turnover hits 870 million Euros Mobile telephony operator Orange Romania, division of France Telecom company, reached an almost 870 million Euros turnover in 2005, 39.2 per cent up compared to 2004, Hotnews.ro reports.
5.Aviva Group doubles business volume in Romania Avia Romania Insurance posted a 113 per cent rise for 2005, whereas the Group recorded a 10 per cent rise globally, from £ 22.3 billion in 2004 to £ 24,6 billion in 2005, representing new business sells, writes Hotnews.ro.
6.Levy stays on ex-minister properties High Court judges decided Wednesday to reject an appeal by ex-Economy minister Dan Ioan Popescu against a levy set on family assets as he is investigated for his failing to provide a proper explanation over part of his wealth.
7.National Bank stands firm on inflation targets for 2006-2007 The Romanian National Bank (BNR) will not change its inflation targets for for 2006 and 2007 and will stick to its "ambitious" pace, the BNR governor said Wednesday when he revealed his report on the 2005 inflation.
8.Petrom invests 35 mln euro for modernization of IT infrastructure Romanian oil company Petrom announced Wednesday it would invest 35 million euro for the modernization of its IT infrastructure this year. Operations at its headquarters in Bucharest and Ploiesti are a priority, to be followed by the its Arpechim and Petrobrazi refineries.
9.Basic notions on Romanian land use Romania’s real estate market continues its upward spiral fueled by foreign investor interest coming from EU member states, the US, Israel, India and the Middle East. Major new construction, the renovation of old villas, and commercial or residential property developments of all kinds, dot the landscape of virtually all of Romania's major cities and tourist locations.
10.Renewed pressure on House speaker Adrian Nastase The Justice Ministry sent back to the House of Deputies on Wednesday a previously rejected request to approve searches at two buildings owned by House speaker Adrian Nastase, currently investigated under graft charges related to suspicious real estate operations.
11.Opposition files motion against health reform package Some 160 deputies from the opposition Social Democratic (PSD) and Greater Romania (PRM) parties filed Wednesday a motion against a health reform package for which the government has taken responsibility in Parliament on Monday.
12.Ursus plans 30 mln euro investments in 2006 Romanian beer maker Ursus Breweries, a member of SABMiller plc, plans to invest some 30 million euro in the expansion and modernization of its factory in Buzau, central Romania, this year to increase production there by 75%, the company announced.
13.Competition Council analyzes Flanco takeover by Flamingo Romanian Competition Council is analyzing the framework of the transaction by which IT company Flamingo International plans to buy national home appliances retailer Flanco. Council officials believe Flamingo should have notified the main anti-fraud body in Romania about the transaction as it falls in the category of economic consolidation.
14.Romanian journalist accused of organized crime links The Romanian top prosecutors have extended inquiries against the editor of a national newspaper whom they now suspect of belonging to an organized crime ring, according to the public television TVR. If found guilty, journalist Sorin Rosca Stanescu, editor of the Bucharest-based "Ziua" newspaper, may receive up to 20 years in prison.
15.Second consecutive day of decline on BSE The Bucharest Exchange Stock (BSE) market continued its declining on Wednesday. The opening predicted an unfavorable day. Towards the second half of the session the main shares stopped declining and recorded a come back. The second half of the day closed with BET and BET-C indices very near to Tuesday values while BET-FI closed down 0.9 per cent. The value of the total volume of transactions reached almost 53 mln RON.
16.American retailers target Eastern European markets Tesco and Wal-Mart, two of the biggest world retailers, announced plans to extend businesses to Czech Republic and Hungary. Wal-Mart is to buy the Delhaize’s hypermarkets chain in Hungary while Tesco targets 27 Edeka stores in Bohemia, close to the Czech-German border.
17.Romanian president invites Qatari businesspeople to invest in Romania In the first official visit to a Persian Golf state, the Romanian president Traian Basescu invited Qatari businesspeople to invest in Romania, a very attractive country in the perspective of the EU accession. He pointed out the best fields for investment: agriculture, energy, and tourism.
18.Deputatul Liviu Cimpanu ramine si parlamentar, si medic Deputatul liberal Liviu Cimpanu nu va mai trebui sa opteze intre exercitarea meseriei de medic si cea de parlamentar. In forma adoptata de Guvern, pachetul de legi privind reforma in domeniul sanatatii, pentru care Guvernul si-a asumat raspunderea, nu implica o asemenea incompatibilitate
19.Vrajitoare protejate de autoritati Desi in curtea vrajitoarelor au rasarit vile si masini de lux, autoritatile prahovene nu sint interesate sa impoziteze veniturile fabuloase obtinute de la naivi.
20.Drumuri si Poduri in colaps Sedinta de luni a Adunarii Generale a Actionarilor societatii Drumuri si Poduri n-a avut un final tocmai fericit. CJ va incerca sa vanda active ale societatii evaluate la 19,2 miliarde. Datoriile societatii sunt, insa, de 21. Majorarea de capital propusa de conducerea societatii a fost respinsa.
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