News archives:October 2008
Be understood, Be Translated !
Argos:S and P Cuts Eastern European Credit Ratings
Standard & Poor's Ratings Service lowered its credit ratings on several Eastern European countries and warned of potential downgrades to others, the latest sign the turmoil in global credit markets is unwinding years of hard-won gains by emerging economies.
Argos:The least concentrated life insurance market in CEE in 2007 was Croatia
Croatian life insurance market is the least concentrated in comparison with other CEE and CIS states, as set out in analytical report “TOP-Insurer. Insurance Markets and Insurance Groups in CEE and Former USSR”, published by Russian Polis Information Group in September.
Argos:Konzum chooses Paragon for daily planning in Croatia
Konzum, the Croatia based retailer and part of Agrokor group, one of the East Europe region's leading retail groups, has selected Paragon to standardise daily planning operations.
Argos:Croatia's Podravka 9-month net profit rises 52 pct
Croatia's biggest food group Podravka PODR.ZA said on Monday its nine-month net profit soared 52 percent from the same period a year ago to 51.2 million kuna ($8.79 million), as sales rose.
Argos:Croatia 'good value for money'
With the credit crunch hitting most Brits in their pockets, travel experts are recommending a trip to Croatia. Charisma PR, which represents the Croatian National Tourist Board, says that the country is an ideal destination for those who are looking to save the pennies.
Argos:Eurospeeed, Inc. Signs Exclusive Distributors in Croatia and Romania
PORT CHESTER, NY, Oct 21, 2008 (MARKET WIRE via COMTEX) -- Eurospeed, Inc., the transportation products subsidiary of Euro Group of Companies, Inc. (PINKSHEETS: EGCO), announced today that Eurospeed has negotiated exclusive distribution agreements for the sale of Eurospeed products in Croatia and Romania.
Argos:More entrepreneurs in Bosnia-Herzegovina to benefit from EBRD loans
The FINANCIAL -- The EBRD is extending another €10 million loan to Mikrokreditna Fondacija Partner, one of the leading microfinance institutions in Bosnia and Herzegovina (BiH), to enable micro and small enterprises (MSEs) to gain more access to finance to start up or expand their businesses.
Argos:Croatia to invest in energy sector
A group of representatives from the government, trade unions and employers have put forward a plan to invest £8 billion in the country's energy sector, it has been reported.
Argos:Croatian INA most successful Co. in SE
The list is based on a survey conducted by Bulgarian on-line news agency SeeNews, covering companies from Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Moldova, Montenegro, Romania, Serbia, and Slovenia. The findings were analysed by Roland Berger's Zagreb office, Hina reported.
Argos:Eight companies bid in second Trakiya Highway tender
Eight bids were submitted in the tender called to pick a company to build the Trakiya highway stretch between Stara Zagora and Nova Zagora. Tender paperwork was opened on October 14, two days after the deadline for bids expired.
Argos:Croatia Airlines achète 4 Airbus supplémentaires
- Croatia Airlines, compagnie nationale de la République de Croatie, a signé un contrat avec Airbus portant sur la commande ferme de quatre A319 qui viendront rejoindre sa flotte de moyen-courriers. Ces A319 rejoindront ainsi les huit appareils de la famille A320 déjà en service, précise EADS dans un communiqué.
Argos:Croatia Airlines Buys 4 Airbus A319 Aircraft
Croatia Airlines (CRAL.ZG) has signed a firm contract to buy four A319 jetliners from European aerospace company Airbus to add to its medium-haul fleet.
Argos:Croatian oil giant tops list of 100 most successful companies in SE Europe
Croatian oil giant INA tops a list of the 100 most successful companies in Southeastern Europe in terms of sales revenue in 2007, consulting firm Roland Berger's Zagreb office said on Tuesday.
Argos:DataCore Expands Virtualization Efforts into Eastern Europe
Prosper Intelligence signs on as new Value-Add Distributor to build DataCore business in Austria and Eastern Europe. As such, DataCore obtains a key distribution partnership with the ability to support and resell into the emerging and growing Eastern European market.
Argos:Hungarian fuels group rumoured to sell Tifon in Croatia, MOL rejects speculation
Croatian press reported that MOL was in talks with Russian Lukoil on selling Croatian fuel trader Tifon that the Hungarian fuels group acquired last year allegedly for EUR 150 million. While both parties denied the speculation, Croatian press said analysts would not be surprised if the deal was actually made. MOL flatly denied the rumour to Portfolio.hu on Friday.
Argos:Western Balkans, Turkey to get 4.5 billion euros in EU assistance by 2011
The European Commission (EC) adopted a strategy in late September, setting out the priorities for financial assistance worth nearly 4.5 billion euros that the EU has set aside for eight Southeast European (SEE) countries from 2008-2010.
Argos:UniCredit: Hands off Zagrebacka banka
When asked whether UniCredit intended to sell Zagrebacka banka, UniCredit Group spokesperson for East Europe Francesca Palermo-Patera said UniCredit was not planning to sell Zagrebacka banka, because Croatia is the key country for UniCredit Group.
Argos:Hungary's MOL 5.6 pct away from majority control in INA
Shareholders of Croatian oil company INA have offered a sizeable package for sale to Hungarian fuels group MOL. According to Croatia's Central Depository Agency, 1,935,000 INA shares were deposited for sale to MOL by the expiry of the company's public bid on Friday.
Argos:Bulgaria:Offers for Trakiya Highway opened
Eight companies have filed offers for the construction of the section of Trakiya Highway between Nova Zagora and Yambol, their bids opened on October 2, but the price offers will be made public in November, Dnevnik daily reported. The winning bidder will have to complete the construction in two years, by 2011, the newspaper said.
Argos:La crise financière profite à MOL/Hongrie dans son OPA sur INA
La crise financière mondiale profite au groupe hongrois MOL qui est en passe d'acquérir une grande partie de quelque 30% du capital flottant de la compagnie pétrolière croate INA, alors que l'offre publique d'achat expire vendredi, affirme la presse locale.
Argos:Lufthansa Technik Expands Cooperation with Croatia Airlines
Lufthansa Technik AG in Hamburg and Croatia Airlines are further expanding their cooperation. As of today, Croatia Airlines performs a substantial number of C-checks on Airbus A320 family aircraft on behalf of Lufthansa Technik. To achieve this, the technical arm of the renowned airline uses one of its overhaul lines at its facility in Zagreb.
Argos:Croatia, in the top 5 most lucrative second home markets
The October/November issue of Robb Report Vacation Homes, released in late September, lists Coeur d’Alene in its top five cities in the United States for buying a second home.
Argos:Croatia's Results: World Bank Continues to Support Croatia in the Accession Process
By September 2008, Croatia had opened 21 out of 33 negotiations chapters of the acquis communautaire with the European Commission and provisionally closed three – Education and Culture, Science and Research, and Enterprise and Industrial Policy.
Argos:Les résultats de la Croatie : la Banque mondiale continue de soutenir le pays dans le processus d'adhésion à l'Union européenne
En septembre 2008, la Croatie avait déjà ouvert avec la Commission européenne des négociations concernant 21 chapitres (sur un total de 33) de l'acquis communautaire et provisoirement clos les trois suivants : Éducation et culture, Science et recherche, Politique d'entreprise et industrielle.
Argos:Gazprom deal cost Bulgaria half a billion leva -MP
Bulgaria lost half a billion leva from the new gas deal signed with Russian gas giant Gazprom in 2006, Martin Dimitrov, member of Parliament for the United Democratic Forces (UtDF) parliamentary group, told journalists on October 1.
Argos:Top Croatia retailers join forces to cut prices
Three major food retailers in Croatia have formed a joint company, aiming to become more competitive in the country where consumer spending remains solid despite inflation, their top executives said on Wednesday.
Argos:Global Real Estate Firm Expands in Albania
Century 21 Real Estate, one of the world’s largest residential real estate sales firms, has announced its expansion with a master franchise agreement to open in Albania.
Argos:INA, le fonds des vétérans vend 7 pct à MOL
Un fonds de vétérans possédant 7% de la compagnie pétrolière croate INA a accepté de vendre cette part au géant pétrolier et gazier hongrois MOL, a annoncé mercredi l'agence officielle croate HINA.
Argos:L'île de Krk sera le site de construction du nouveau terminal GNL
Le gouvernement croate a indiqué mardi avoir désigné un site sur l'île de Krk, dans le nord de l'Adriatique, pour y construire un terminal de regazéification de gaz naturel liquéfié (GNL), visant à diversifier les sources de gaz pour l'Europe, très dépendante de la Russie.
Argos:Nouvelle commande pour les chantiers de Split
Transports Maritimes. La CMN mise sur les cargos mixtes
180 mètres de long, 30, 5 mètres de large et 2 500 mètres linéaires de parking : le nouveau cargo-mixte de la Compagnie méridionale de navigation devrait être mis en service d'ici 2011.
Argos:Minister Suker: Croatian Financial Sector Stable
The Croatian financial sector is very stable, and the bank sector is currently one of the most stable in Europe, said the Croatian Minister of Finance, Ivan Suker. He said this after today’s Cabinet meeting about the influence of the world financial sector on the Croatian system.
Argos:EU Grants €244 million to Macedonia
Skopje _ The European Commission on Monday approved a total of €244.1 million in aid to Macedonia for improving its institutions, governance and the rule of law.
Argos:Czech CEZ to spend 420 mln euros for Albania power unit
The Czech power utility CEZ CEZsp.PR will spend more than 420 million euros ($594.1 million) to buy a controlling stake in Albania's power distributor, upgrade its grid and pay its debts, Albania's sale advisers said on Wednesday.
Argos:Croatia chooses Krk island for LNG terminal
Croatia's government said on Tuesday it has chosen the northern Adriatic island of Krk for a liquefied natural gas terminal, state news agency Hina reported.
Argos:Le compartiment Balkans de la Sicav d'ING IM vendu en France
ING Investement Management a annoncé vendredi que le compartiment Balkans de sa Sicav luxembourgeoise (lire notre article du 23 juillet) ING Invest vient d'être autorisé à la commercialisation en France.
Argos:A l'est la croissance continue
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A l'Est, la croissance continue !
- Pour casser la barrière de langue, et favoriser l'investissement productif, l'agence de traduction Lingua Veritas a développé un pôle d'excellence dans les mutiples combinaisons linguistiques avec les MARCHES EMERGENTS D'EUROPE DE L'EST.
Argos:A second giant ferry en route
Wightlink’s giant new ship, Wight Sky, is due to arrive in Lymington River at the end of September after a voyage from a builder’s yard in Croatia.
