The business of Saint-Gobain group in Romania up 16.87 pc in 2008

The affairs of Saint-Gobain corporation, which operates in the domain of production and distribution of construction materials, registered in Romania a growth of 16.87 per cent in 2008 over the previous year, the consolidated turnover of the nine companies members of the group reaching EUR 214 M, over EUR 30 M more than the EUR 183.1 M from 2007, a press release of the company remitted to the editorial office informs. Moreover, last year all the nine Saint-Gobain companies from Romania obtained turnovers bigger than in 2007. Even in the conditions of the explosive growth of the demand of construction materials on the Romanian market in the first half of the past year, the companies of the group made last year exports of over EUR 56.2 M. In terms of value, the various assortments of glass produced at the location from Calarasi had in 2008 the biggest weight in the structure of the exports of Saint-Gobain Romania.

Antibiotice Iasi registers net profit of RON 10 M

Antibiotice Iasi has registered a net profit of RON 10 M in Q1 of this year, up by 43 per cent compared to the same period last year, according to the data published by the company on the stock market, Agerpres informs. Its gross profit has reached RON 8.38 M, up by 55 per cent compared to the one registered in Q1 of last year, in the context in which Antibiotice has reported a sales hike of 13.4 per cent to RON 46.4 M on the domestic market, representing the highest sales level in the last three years. Thus, at the end of March 2009 Antibiotice’s turnover has registered a hike of 18.4 per cent compared to the same period last year, reaching a level of approximately RON 57.5 M.

The construction of Adunatii Copaceni bypass road, 50 pc ready

The construction of Adunatii Copaceni bypass road and the rehabilitation of the existing road are finished in a proportion of 50 per cent, their finalization being due in July 2009, according to a press release of the consultant Search Corporation, Agerpres informs. The contract was signed on January 14, 2008. The total value of the works amounts to EUR 8 M, without VAT. EUR 5.22 M of that sum is the contribution of the European Commission through Ex-ISPA Facility, while the balance is funded by the Government of Romania. The total project consists of the construction of a bypass road with a length of 4.22 km, four lanes (two in each direction), and the rehabilitation of 3.8 km of the existing road from the locality, through the execution of maintenance works, including the pouring of an asphalt cover and the improvement of the road shoulders without affecting the alignment or widening the road.

New players on the life insurers market: BRD, Ergo

The Council of the Insurance Monitoring Commission (CSA) authorized yesterday the operation of BRD Asigurari de Viata, the number of the authorized insurance companies in Romania rising now to 45. According to the information of the Commission, another company, namely Ergo Asigurari de Viata, received the setting up authorization; in order to receive the operation authorization it has to forward the specific documentation stipulated by the applicable laws.

Blue Air to introduce in May the first flights from Sibiu to Italy

The air operator Blue Air will introduce from May two new flights from Sibiu to Milan and Rome (Italy) while from Bacau it will launch in June two flights to London (Great Britain) and Valencia (Spain), the company announced yesterday. Thus, the flights to Rome and Milan and those operated from Bacau to Valencia and London will be operated twice a week. Blue Air has also supplemented with one frequency the flights on the route Bucharest-Barcelona, reads the press release.

The air operator registered last year a turnover of over EUR 124 M and carried more than 1.1 million passengers, up around 30 per cent vs. the previous year.