Companies & opportunities

Otopeni Airport will open a new passenger terminal in 2010

The Henri Coanda Otopeni Airport will open a passenger terminal developed with a rough investment of EUR 70 M at the end of 2010, airport General Manager Tudor Jidav stated yesterday, according to Mediafax. ‘The new terminal will increase our airport’s annual capacity to six million passengers from the current 4.5 million, and will double our hourly capacity from 1,100 to 2,150 passengers’, Jidav stated during a press conference. The investment belongs to the third phase of development and modernization of the airport, with a value of EUR 150 M not including VAT. The terminal will have 15 boarding gates. The third phase of the modernisation plan also includes the refurbishment of an international arrivals terminal by December 2011 and the enlargement of the international departures terminal to be completed by June 2012. The construction of the terminal is financed with the airport’s own resources.

Present at the airport, Minister of Transport and Infrastructure Radu Berceanu said the unit would be connected to the future Bucharest-Ploiesti motorway sector by a new road. Berceanu also informed that a lease agreement would be signed for the areas around the Baneasa Airport in December, to serve as ‘airport utilities’.

Carpatair enters Hungarian market with Budapest-Venice flight

Full-service Carpatair airline based in Timisoara is launching on December 7, 2009, a Venice-Budapest direct flight. With this new flight, Carpatair becomes the first Romanian full-service air carrier to launch point to point flights outside the country, reads a press release. Venice and Budapest have been Carpatair’s traditional markets for over ten years. The airline is thus expanding on the two airports by adding ten new flights every week to its existing 20 (six Venice-Timisoara flights every week and 14 code-shared Budapest-Chisinau flights with Moldavian Airlines. The Venice-Budapest flight will be operated under a code-sharing partnership with Malev Hungarian Airlines, where Carpatair will have the status of operating carrier and Malev of marketing carrier. ‘The Budapest-Venice direct flight was concretised following the withdrawal of the partner company – Malev Hungarian Airlines – from the route. Taking into consideration the fact that our aircraft had operated the route in a wet lease (full service aircraft lease) partnership for Malev, taking over the operation of the flight came naturally, as passengers were already familiar with the Carpatair product, with our planes and with the quality of on-board services’, President&CEO Carpatair Nicolae Petrov stated.

BCR and BRD ranked among region’s
15 biggest banks

The 20 biggest lending organisations in Central and Eastern Europe control over half of the banking assets of the region and Banca Comerciala Romana (BCR) and BRD-Groupe Societe Generale (BRD-GSG) have remained among the 15 largest banks of the region in terms of assets, ‘Financiarul’ newspaper informs. The 20 biggest banks of Poland, Czech Republic, Hungary, Romania, Slovakia, Slovenia and Croatia control over 47 per cent of the existing banking assets. BCR and BRD – GSG are among the 15 biggest banks in terms of asset value reported by the end of September 2009.

Overall, the 20 banks together had total assets of EUR 370.29 bn. Compared to December 2008, the value of their assets dropped by 2.7 percent. In the context, the two local banks followed pretty much the same trend as the other banks in the region last year.

Alicante marble in permanent exhibition
in Bucharest

The association of the marble producers, Marmol, from Alicante, Spain, inaugurated yesterday in Bucharest the permanent showroom which will present samples of all the types of natural stone processed in the factory from Alicante, coming from the whole territory of Valencia Community, Agerpres informs. “It is a pilot project in order to open a selling market in the countries from Eastern Europe, where the sector of constructions is, on medium term, in a stage of expansion. Marmol Association has in Spain over 120 firms which assure around 3,000 jobs. Presently, we export our products chiefly to the US, China, Mexico, the Arab Emirates,” Mariano de Juan, president of Marmol factory from Alicante, said.The over 100 careers owned by the factory register an annual production of marble and other ornamental stones with a value of over EUR 1 bln. The permanent exhibition from Bucharest is meant to promote the firms of Marmol Association, through an approach supported by the Regional Minister of Construction from Valencia.

ING Bank Romania’s gross profit up 23 pc
in first nine months

ING Bank Romania obtained a gross profit of RON 109 M in the first nine months of 2009, 23 per cent more than in the similar period of 2008, with net revenue up 48 per cent to RON 539 M, the lending organisation announced yesterday, according to Mediafax. ‘Beginning this year, all our divisions are generating profit thanks to previous investment. It allows us to continue our organic growth strategy and focus on our customer’s current needs’ said ING Bank Romania CEO Misu Negritoiu, quoted in a bank communiqué. The bank’s total assets were up 17 per cent to RON 11.93 bn at the end of September 2009.

The individual customers’ number also grew from 626,000 on September 30, 2008, to 847,000. The bank’s SME customers went up from 6,351 to 13,836.

FedEx Express supports growth in Romania with service enhancement

FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, supports Romania with a service enhancement that will enable customers in the growth area Timisoara and Arad to reach key markets in Europe by the next business day. At no extra cost to customers, the new service enhancement will integrate seamlessly into FedEx Express existing service, providing added value to all customers, a press release informs. Customers in almost 2,330 postcodes will now benefit from next business day delivery to more than 20 European countries, including key markets like Germany, France and the UK. Transit times to Asia will also be reduced by one business day, with shipments to key markets in the region, for example China, India and Vietnam, now arriving in two to three business days, depending on the service country. “As a growth engine of Romania and a fast growing city in Europe, Timisoara presents a good platform for our customers and our company in Eastern Europe,” said Antje Schuett-Fahrenkrog, regional Vice President, Operations, FedEx Express Central and Eastern Europe and Israel.

Forza Rossa opens in Bucharest biggest Ferrari Store in Eastern Europe

Ferrari importer in Romania Forza Rossa is opening in Bucharest, on December 5, the largest Ferrari Store in eastern Europe and second largest in Europe, following an investment of almost EUR 4 M. ‘The Ferrari Store situated in Calea Victoriei, will have an area of 500 sq m and will be the second biggest in Europe after the one in Milan’, Forza Rossa President Ion Bazac stated, according to Mediafax. Ion Bazac holds 47.5 percent of Forza Rossa and his wife Camelia 31.4 percent. The remaining 21.04 percent of the authorized share capital belongs to Central European Finance (Cefin) of Luxemburg.

Gefco Romania to consolidate position
on local market

Transport and logistic company Gefco Romania seeks to consolidate its position on the local market by developing international door-to-door services next year, Gefco Romania General Manager Denis Renard told a press conference. While the automotive and import flows have been badly hit by recession on the local market this year, the impact the crisis has had upon Gefco Romania’s business has been mitigated by the measures the management had taken (diversification, service quality control, the introduction of multi-modal transport solution). ‘Whilst before the crisis a lorry would transport cargo to Europe and two would return loaded with various goods, although we do not yet have quite the opposite situation, these days we see more exports than imports, which enviously hurts our business’, the Gefco Romania representative stated, according to Agerpres.

Related posts

Gigacalory price to rise by 10 pc


International Wine Contest Bucharest 2016, 13th edition

Nine O' Clock

Port Operating School: An opportunity for Romanian port operating companies to gain knowledge about latest Korean software technologies in this field

Nine O' Clock

Leave a Comment