Friday headlines: Electroputere mall opens in 2011, A&D Pharma stays on growth, people borrow money to survive, study shows
Several companies announced their financial results yesterday and the Romanian media was quick to capture them: A&D Pharma, Rompetrol Rafinare, Ranbaxy, Edy International Spedition. Most of them posted positive results, which trigger hopes of growth for the future too. Meanwhile, a new real estate investment was announced: the Electroputere shopping center in Craiova, which will include an Auchan hypermarket and several other retail brands from the portfolio owned by billionaire family Mulliez, writes the local media.
The Bucharest - Constanta highway will be finalized in 2011, says the Transport Ministry, while winter tires will become mandatory only in 2011. Meanwhile, study shows one quater of the population borrows money to live and half struggle to pay their monthly bills. The Bucharest Stock Exchange welcomes the first company floating this year: Hidraulica Plopeni enters the market with an IPO set to start today. Also, telecom company RCS & RDS is said to plan opening two new TV stations, after the DigiSport TV stations it already owns. Read more headlines from the Romanian and international media below.
editor@romania-insider.com
Romanian media
Mulliez billionaires bet EUR 45 million on Craiova, where they will bring five stores – in Ziarul Financiar
A&D Pharma stays in the growth area – in Ziarul Financiar
Ranbaxy revenues up 20 percent in Romania in the third quarter – in Ziarul Financiar
Former UPC CEO Jack Mikaloff's agenda: golf, fishing, traveling. “I don't want to drive every day” – in Ziarul Financiar
Rompetrol Rafinare – losses grow by 29% in nine months, to USD 139.6 million – in Ziarul Financiar
One quarter of the population borrow money to live, 12% of Bulgarians have the same problem – in Gandul
Car registrations, up 9.4% in October- in Gandul
53% of Romanian youngsters live with their parents – in Gandul
Winter tires will become mandatory in 2011- in Adevarul
Auchan buys 12 hectares of land from Electroputere Craiova and opens a hypermarket – in Adevarul
Edy International Spedition has 25% higher revenues after nine months – on Dailybusiness.ro
RCS&RDS could launch a general TV station and a news TV station – on Dailybusiness.ro
Bucharest – Constanta highway will be finalized in 2011 – on Wall-street.ro
Romtelecom organizes pitch with 12 agencies – on Wall-street.ro
Hidraulica Plopeni IPO on Bucharest Stock Exchange – on Wall-street.ro
There are 40,000 projects ongoing in Romania, worth EUR 40 billion, says Elena Udrea – on Wall-street.ro
EnergoNuclear will pay EUR 4 million to RBS for financial consultancy – on Wall-street.ro
International media
Irish contagion hits wider eurozone- in FT
TDC eyes $2.9bn share issue- in FT
Newsweek and Daily Beast agree merger- on Reuters
Stocks sink as Cisco's outlook disappoints - on BusinessWeek
Oil Drops From Two-Year High as Equities Slide, Dollar Rises- in BusinessWeek
Japanese Stocks Decline as Exporters Fall on Growth Concerns; Banks Drop- on Bloomberg
