Embassy of Romania

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Embassy of Romania


Tel Aviv







Commercial
& Economic
Promotion Office
Newsletter
June

201
2



No.
5
6

th




Monthly News Bulletin




3
Area:
Area:
238,391
238,391
sq.km
sq.km
.
.
Population: 21,700,000
Population: 21,700,000
Counties: 41
Counties: 41
Capital: Bucharest
Capital: Bucharest
-
-
Area: 228 sq.km.
Area: 228 sq.km.
-
-
Population: 1.9 million
Population: 1.9 million
ROMANIA
ROMANIA





Inside

Page: 1
-


6

-

Romanian economic news;

Page:
6

-

8

-

Energy

Page:



8


11




-

Financial and b
anking

news

Page:
11
-

13


-

Companies news

Page:
13
-

20



-


Business
opportunities

Page

20
-
2
2


-


International exhibitions in Romania



2012


1.
ROMANIAN ECON
OMIC NEWS


1.1
Gov’t to drop tax on transactions, enforces annual tax on gain

The minimum turnover for which PFA ad micro
-
enterprises must pay V
AT will
increase

to EUR 65,000, PM Ponta says.

Listening to the criticism of capital market players, the government gave up the idea of taxing
each transaction that implies a gain and decided to instate an annual tax on profit, Mediafax
reports.

The emerge
ncy ordinance that operates this modification in the Fiscal Code was
approved yesterday by the Cabinet. Under the new legislation, brokers will determine the net
annual gain or loss as the difference between the gains and losses registered during the
previ
ous year, until the last day of February, the current year.According to the regulation,
brokers will calculate the gain/loss for each transaction made for their clients, will calculate
the total gains/losses for the entire year, then will submit in written

form the information
regarding the result of the transactions conducted during the year. The last stage is submitting
to the Fiscal Authority an informative statement with the total losses/gains for each
taxpayer.Ponta added that the emergency ordinance t
hat raises to EUR 65,000 the minimum
turnover above which authorised individuals (PFA) and micro
-
enterprises must pay value
added tax (VAT) has been adopted in the same Cabinet meeting, yesterday

(29.05)
. Under
acting regulations, the threshold is set at E
UR 35,000, at the exchange rate announced by the
National Bank of Romania (BNR) at the date when Romania acceded to the European Union
(approximately 3.3 RON/EUR). This will increase the threshold from RON 119,000 to RON
220,000.“The measure will reduce th
e number of taxpayers registered for the payment of the
VAT, thus improving the fiscal administration process and increasing the efficiency of the
fight against tax evasion,” reads the explanatory note issued by the Ministry of Public Finance
(MFP).

Ponta
said that MFP agreed “in principle” to the idea of canceling the obligation to
retroactively pay the VAT on intellectual property rights, as “data reveal that the state would
not lose much” by canceling this payment, which had been imposed by the former ch
iefs of
the Fiscal Authority (ANAF) as a measure meant to intimidate journalists. The draft
modification of the Fiscal Code, put on public debate, also provides the elimination of the
limit to the right of deducing the VAT on the acquisition of vehicles, w
hich amounted to 50
pc in the case of automobiles exclusively used for the economic activity of the taxpayer. In
view of facilitating the transfer of bad claims in the banking sector, MFP proposes granting a
deduction in the calculation of the taxable prof
it, via fiscal provisions, for the cessionary
taxpayers that purchase these claims in order to recover them.Under the draft Fiscal Code
modification, fuel oil and the energy products assimilated with it in terms of excise duties,
produced in Romania or imp
orted, will be marked and colored, in order to curb tax evasion. It
will be prohibited to use, transport, store outside of a bonded warehouse and sell unmarked
fuel oil. Exempted from the interdiction are the fuel oil quantities to be exported and those
th
at will be delivered by or to the National Administration of State Reserves and Special
Issues.

(Full article: Nine O’Clock 30.05)

1.2
Average annual inflation rate is expected to attain 3pct

The National Prognosis Commission expects the average annual inf
lation rate to attain 3
percent, and the consumption prices to reach 3.5 percent, by the yearend.

The average inflation rate is expected to drop to 2.9 percent in 2013, to 2.8 percent in 2014,
and to 2.5 percent, in 2015.

Romania's Central Bank (BNR) gover
nor Mugur Isarescu said in early May that the inflation
rate is expected to be kept within the established target by 2014, under the circumstances it
drops to 3.2 percent, late in 2012 and to 3 percent, in 2013.

'The prognosis is very close to the previou
s one. The inflation is expected to be kept within
the target, by 2014, given the target is to curb by 3.2 percent, in 2012 and to 3 percent, in
2013. The inflation will also remain within the targeted range in the first half of 2014, as well,
and it is ex
pected to reach about 3 percent,' BNR governor Isarescu told when presenting the
report on inflation.

1.3
Romania ranks 15 world
-
wide in exercising
the intangible strength

Romania ranks 15 world
-
wide in exercising the intangible power, according to the new Soft
Power Index, launched yesterday by Ernst & Young (E&Y), according to a press release.
Furthermore, Romania is among the nine countries in thi
s ranking which are placed on an
upward trend since the beginning of the economic downturn. Investments in film industry,
renewable energies, or in the Olympic team are just some advantages that Romania can
cultivate to develop this source of influence at
the international negotiation table.

According
to E&Y, Romania must make progress on all levels of intangible power, from growing local
companies, to consolidating institutions that guarantee the implementation of laws and civil
freedoms, or to investment
in education and tourism.The U.S. remain in the first place world
-
wide, at great distance from the second ranked France, despite the damage to their image
during the recessionSoft power reflects the ability to shape the preferences of others, through
intan
gible values, such as culture, personalities, institutions and policies, thus generating
acceptance and benefits in relation with other states.

1.4
Re
fund appl
ications for European money to be simplified

According to European Affairs Minister Leonard Orban, the procedure needs to be
discussed both from the point of view of the structures involved and

of supporting
beneficiaries.

The simplification of procedures

for the processing of refund applications regarding European
funds proposed by the Ministry of European Affairs was analysed during the Government
meeting yesterday

(29.05)
, PM Victor Ponta said.

According to Leonard Orban, the Minister
of European Affair
s, the simplification of procedures has to be discussed both from the point
of view of the structures that are involved, and supporting beneficiaries, who should have to
submit less paperwork in order to obtain the due refunds. ‘Before not long ago, there
was a
backlog of thousands of refund applications, but, after sustained efforts, their number
decreased to just a few hundred at present,’ the minister said at the conference ‘European
funds. A chance to our economy,’ evz.ro informs.

According to him, ‘we
will however need
to show the European Union that the domestic management and control system works well
and that the EU budget is not in jeopardy. At this point, we are complying with the EU
calendar, but we will need to find a solution regarding the Opera
tional Programme for the
Development of Human Resources (POSDRU) in order to mitigate and even remove the
issues that have come up.

The minister of European affairs also noted that, since 2007,
Romania had received EUR 13 bln from the EU and contributed EU
R 7 bln to the EU budget.
‘The EUR 13 bln have targeted three distinct areas: the post
-
accession funds, the pre
-
accession funds as well as the process of refinancing. In what regards the first area, from the
total envelope of EUR 35.4 bln, 25 per cent of t
he funds


EUR 8 bln


have been absorbed.
The amounts have been mainly used for making direct payments and rural development,’
Orban also said.

According to Orban, the way in which things will develop in the upcoming
period is crucial for a success in wha
t concerns the fulfilment of the aim of the Romanian
economy with respect to the spending of available EU funding.

The official stressed out the
fact that the biggest risks coming from a possible reduction of the funds were about the
cohesion policy. Howev
er, he hopes that, during the summit that will take place on Friday, a
message will be sent to the EU referring to a significant allocation in the future budget of
funds reserved for the cohesion policy. Minister Orban also emphasised the fact that the fun
ds
allocated for the 2014
-
2020 period would be spent under more difficult conditions compared
to those applicable until now, because the requirements for obtaining them would be harsher.
There is also a possibility that certain activities that can not be v
ery well managed by the state
authorities to be outsourced in the future.

1.5
INS: Construction work volume up 26.9 pct this April

Friday, 08 June 2012 11:15


Construction work volume surged by 26.9 percent in April 2012 compared to March as
gross series a
nd by 11.5 percent as working day and seasonally adjusted series,
according to figures released by the National Institute of Statistics (INS).

Compared to April 2011, the volume of construction works increased both as gross series and
as working day and s
easonally adjusted series by 22.8 percent and 18.7 percent respectively.

According to data published by INS, over Jan. 1
-

April 30, 2012, compared to the similar
period of 2011, the construction work volume went up both as gross series and as working
day

and seasonally adjusted series by 9.1 percent and 8.2 percent respectively.

1.6
Romanian shopping centre market, fragmented, but still attractive

Th
e intensifying competition in the Romanian shopping centre market will lead to an
increasingly need for sophisticated managerial competencies and commercial approaches,
which will enable players to leverage success factors in creating sustainable businesse
s, shows
the Sonae Sierra and PwC joint study

“Success Formulas for Romanian Shopping Centres,”
released yesterday.The analysis furthermore shows that the Romanian market is relatively
fragmented. For example, of the top 40 centres analysed, 5 account for

approximately 38 pc
of total turnover, but only 21 pc of GLA (Gross Lettable Area). Most modern retail is located
in Bucharest and other larger cities with high retail penetration and above
-
average income.
Judging by the size expressed in GLA, small centr
es are the most numerous in the country,
with large and very large centres being located predominantly in Bucharest. Less complex
centres, i.e. neighbourhood and community centres, represent approximately 50 pc of the total
number. Furthermore, regional an
d super
-
regional centres are located in the main cities and in
Bucharest. Recently, there has been a rise in the number of “power centres”, meaning centres
which use high profile anchors as their main attraction.

It is expected that key success factors
suc
h as location, access and leisure will continue to represent important growth drivers, but
tight competition and changes in demand are expected to augment the role of professional
management, marketing activities and the tenant mix, factors that are crucia
l to attracting
customers and differentiating among shopping centres. This is particularly important for
Bucharest and a number of other larger cities.A significant trend will be the shift towards a
category of professional managers that can bring valuable

contributions in terms of rental
contract design, tenant mix and shopping centre branding and positioning. Aspects such as
uniqueness and differentiation are expected to become crucial in future retail developments
and shopping centre management is expect
ed to be responsible for this change.

1.7
Romania's pavilion at Expo Yeosu 2012 attracts 15,000 visitors in two
days

Romania's pavilion at the International Exhibition Yeosu 2012
-

South Korea attracted
15,000 visitors in two days, informs a release of the

Ministry of Foreign Affairs (MAE)
to Agerpres
.

MAE remarks that in the last two days the number of Korean visitors to the international
event increased significantly, mainly as an effect of the two days off granted by the Korean
authorities for the nation
al festival
-

Buddha Day (Seokka Tanshin
-
il), which is celebrated
every year on the eighth day of the fourth month of the calendar.

"Romania's presence at this major event of public diplomacy, which enjoys worldwide
recognition, is an important opportunit
y to provide the Asian public with an image as
comprehensive as possible of our country's tourism and business opportunities. The growing
interest shown by the Korean public makes us optimistic about the final outcomes of this
event," said Romania's Expo 2
012 commissioner and chairman of the International Bureau of
Expositions Ferdinand Nagy.

The implementation of last generation technology, such as augmented reality and kinect
applications, has caught the attention of the Korean public that expressed its
appreciation for
the innovative and inventive spirit of the Romanian experts. The traditional cuisine restaurant
also accommodated in Romania's national pavilion welcomed a record high number of diners
-

over 600 a day
-

who were delighted to taste dishes
specific to the various regions of the
country.

The International Exhibition Yeosu 2012
-

South Korea running for 90 days between May 12
and August 12, with 104 participating countries and six international organizations, is
dedicated to the ‘Living Ocean

and Coast: Diversity of Resources and Sustainable
Development', and aims to shed light on humankind's knowledge and advancement of
technology concerning the ocean and coast and identify ways to resolve challenges facing the
ocean.

The core element of the

concept of Romania's pavilion at Expo 2012 Yeosu is the uniqueness
and ecological importance of the Danube Delta and of the Delta protected areas, which
emerged from bio
-

and ethno
-
diversity, in the context of sustainable development.

The author of the ar
chitectural design of Romania's national Yeosu pavilion and of the
dedicated website is Romanian architect Andrei Mihailescu; the design was implemented by
the Korean company A&A Co. Ltd.

2
.
ENERGY

2.1
Gov’t grant for construction of micro hydropower plant

The Minister of Economy, Commerce and Business Environment, Daniel Chitoiu yesterday

(28.05)

signed two non
-
reimbursable financing contracts for the
construction of a micro
hydropower plant in the Arges County and a cogeneration plant for Prefab SA, with both
projects being worth RON 150 M in total, Mediafax reports. The beneficiary of the first
project


‘Low
-
power hydro plant in the basin of the Brai
ta River’


is Construct ECI
Company 2000. The project, submitted in 2010, amounts to a total value of RON 125.8 M, of
which the maximum sum eligible for non
-
reimbursable financing provided from public
money is RON 52.56 M (60 pc of the total eligible valu
e of the project). The micro
hydropower plant will have a nominal power of 5.1 MW and will provide electricity to some
23,000 end users.

2.2
Romania rem
ains attractive for investments in renewable energy

Romania remains one of the most attractive markets of the world for renewable energies,
according to the new ‘Country Attractiveness Indices’ report, released yesterday

(27.05)

by
Ernst & Young. The ind
ex calculated by Ernst & Young for the last three months place
Romania ahead of Poland and Ireland


with which it was on equal terms regarding wind
energy in February. Moreover, Romania is near countries like Spain, Sweden, Australia and
Japan.The general

index, which includes the aggregate score for all types of renewable energy


wind, solar, geothermal and biomass


further ranks Romania among the top 15 countries at
global scale in terms of market attractiveness for the development of energy projects i
n these
fields. According to the latest data made public, the producers of electricity from renewable
sources already started earning important sums from the Romanian state, for the power
deliveries they made in the first four months of the year. A list of

biggest producers includes
CEZ, Enel, and Energias de Portugal.The Ernst & Young report reveals a surprising evolution
for Japan, which advances three positions in the classification and ranks 10th, following major
investments in wind energy projects.The
Ernst & Young makes a quarterly analysis of the
world’s most attractive 40 countries in terms of renewable energy, infrastructure and
compatibility with individual technologies.

2.3
GSP to drill for Sterling Resources in Black Sea

Grup Servicii Petroliere (GSP), a Upetrom Group company, will conduct oil drilling
operations in the Black Sea for Midia Resources Company, the subsidiary of Canada’s
Sterling Resources, Med
iafax informs. The drilling will start in September, a Sterling
Resources communiqué informs. GSP representatives pointed out that the drilling will be
handled by the Jupiter rig that was modernized in 2007 for USD 72 M. “For GSP the new
contract represent
s the certification of the fact that drilling activities have taken on a new
impetus after a less favorable period in the last two years,” GSP informs. GSP is a member of
the Upetrom Group controlled by businessman Gabriel Comanescu and offers integrated
o
ffshore drilling services.

2.4
Natural gas pipeline between Romanian and R. of Moldova approved

The Ponta cabinet approved yesterday

(29.05)

the technical indicators for the building up of
the natural gas transportation system between Romania and R. of Mol
dova, on the Iasi
-
Ungheni route. ‘This is a project approved long ago at the level of political agreements, but it
was never put into practice. The Romanian government has had each time nice words, but
approval comes only now,’ PM Ponta said.

2.5
Rompetrol expands to Georgia, where stakes bet on USD 200 M
turnover

The Rompetrol Group, controlled by Kazakh state company KazMunaiGaz, opened three new
petrol stations in Georgia, to a total of 68 fuel outlets, estimates a local 2012 turnover of USD
200 M, similar to 2011’s. “The consolidation and increased presence of Rompetrol products
in the Black Sea is our goal in the coming period, with the platform

that the group created in
countries such as Republic of Moldova, Bulgaria, Georgia, Ukraine going to secure our
development and enable us to reach this goal. Moreover, the company strategy is in sync with
Georgia developing economy, which also reflects on

the specialized market, thru its
competition environment and macroeconomic conditions, but also via regulations such as lack
of bio
-
components in fuels or the mandatory level of

sulfur concentrations,” according to a
communiqué signed by Titov Buzescu, t
he Group’s retail vice
-
president.

2.6
E.ON invests RON 350 M to upgrade its gas and power grids in
Romania this year

The companies cont
rolled by German group E.ON in Romania provided in their budgets for
this year investments worth approximately RON 350 M, compared to RON 330 M in 2011,
mostly for the modernisation and expansion of their gas and electricity networks, reads a press
release
. E.ON Gaz Distributie invested some RON 180 M in 2011, of which RON 112 M to
upgrade its gas distribution networks. Out of the distribution system, the company restored
and modernised 633 km of pipes. The budget for 2012 exceeds RON 190 M. In its turn, E.
ON
Moldova Distributie last year invested about RON 151 M, mostly to develop and modernise
its power grid. For this year, it plans to invest RON 156 M in the electricity infrastructure.
Since it entered the Romanian market in 2005, it invested over RON 1.9

bln in total. The
consolidated turnover of E.ON group in Romania amounted to RON 4.33 bln (approximately
EUR 1 bln) in 2011, close to the figure registered in 2010. The amount of electricity sold by
the company last year exceeded 30 TWh, slightly up again
st 2010. The source also mentions
the German group’s plan to open a Business Service Center in Cluj
-
Napoca.

2.7
First results of US smart grid solutions in Romania

USD 15 M investment in production of energy from renewable sources in Ghimbav
.

The ICCO group and US company Lockheed Martin started yesterday on the ICCO Industrial
Park in Ghimbav Brasov the first private smart grid project in Romania, with a total
inv
estment in the production of energy from renewable sources of USD 15 M, Mediafax
informs.

The first phase of the investment amounts to USD 12 M and includes the mounting
of photovoltaic panels on the top of all five facilities of the industrial park, measu
ring 50,000
sq m in total, and on the ground, covering 1 ha, according to Calin Costan, President of ICCO
group. The second project phase next year will expand the area on which photovoltaic panels
will be mounted by four hectares, at ground level, the inv
estment requiring USD 3 M.

‘This is
a project in which we are investing a total of USD 15 M: USD 12 M for this stage and USD 3
M next year. By 2013, we will have a revolutionary system for the production and distribution
of power which, on the one hand, wi
ll mean savings on the energy bill and, on the other hand,
will lower the impact on the environment. This is one of the first photovoltaic parks in
Romania and the ICCO and Lockheed Martin teams have completed it in record time,’ Costan
said.

Present at th
e inauguration, US Ambassador in Romania, Mark Gitenstein, said the
investment in Ghimbav strengthened the partnership between the United States and Romania,
as it was the first private smart grid application in this country as well as Lockheed’s firs
comm
ercial project in Romania. Smart grids use IT and telecom solutions to optimise
infrastructure and monitor generated and used power. Within the project, ICCO will develop
an energy system made up of photovoltaic panels which, in a first phase, will generat
e 4.8
MW, and 7 more MW in the second phase, providing most of the power the park needs to
operate. The USD 12 M project will integrate PV panels supplied by American companies
Tenksolar and Helios, as well as wind turbines by Windstream Technologies.

‘We
can see the
first results of our efforts of promoting US smart grid solutions in Romania as well. This
country benefits from an important potential of renewable energy resources, but success in
using them is limited by the capacity of the national grid to
take in additional power. This
project demonstrates the potential of a smarter grid and is a case study for the green energy
distributed through the system,’ said Keith Kirkham, commercial counsellor of the US
Embassy in Bucharest.

3
.

FINANCIAL AND

BANKI
NG NEWS

3.1
MFP attracts RON 336.4 M in 2
-
year bonds issue

The Ministry of Public Finance (MFP) yesterday (6.06) sold 2
-
year bonds worth RON 336.4
M in total, less tha
n half the planned sum, at an average yield of 5.73 pc, higher than the 5.53
pc it offered in an issue of bonds with the same maturity interval, held in May, Mediafax
reports. Banks made subscriptions worth RON 1.1 bln, against a programmed value of RON
70
0 M. With Thursday’s auction, the Treasury reopened a bonds issue it had launched in
March, due to mature in April 2014. In May too, the ministry sold bonds belonging to the
same emission, thus attracting RON 335 M. MFP plans to borrow RON 3.5 bln in June
through the sale of state bonds on the local market, roughly same as it borrowed in May
(RON 3.54 bln). In the next auction, MFP will put on sale treasury certificates with a maturity
interval of one year and plans to attract RON 1 bln.

3.2
I
onut Costea: EximBank reported RON 420 M profit during crisis
which reflects significant increase in commercial activity and national

economy support

EximBank reported RON 420 M consolidated profit before taxes which shows that the current
implemented business model is solid and permits further support for the Romanian business
environment, declared Ionut Costea, President of EximBank
during the event organized by the
20th anniversary of the Bank.

Guarantees volumes offered by EximBank increased 11 times
during crisis, from RON 180 M in 2008 to almost RON 2 bln end of April 2012. Romanian
companies that applied for guarantees from EximB
ank accessed financing products offered by
the commercial banks in the system amounting to RON 3 bln.

”The positive trend of the Bank
is even more notable as during last years we have witnessed a significant reconsideration of
the foreign capital banks’ ex
posure on the Romanian market. It is important to underline the
fact that the increase of Bank’s indicators is linked to important restructuring of the activity,
shorter analysis periods and product portfolio extension” mentioned Ionut Costea.

During the
event hosted by National Bank of Romania


attended by high ranking representatives of the
authorities, businessmen and banking representatives


President of EximBank presented
shortly the history of this Bank, mentioning that at the beginning the Bank he
ld one central
unit, 113 employees and a capital of RON 3 M.

”Today, after 20 years of activity, EximBank
has 9 branches, 3 agencies, 348 employees, RON 800 M in capital and a 40 products portfolio
targeting exclusively companies” emphasized Ionut Costea.H
e said that this evolution is due
both to the Bank’s highly professional teams as well as to the support granted by associations
and organizations representing the business environment in terms of Romanian companies
needs identification National Associatio
n of Importers and Exporters in Romania, National
Council for Small and Medium Enterprises, local and bi
-
lateral chambers of commerce,
Association of National Companies Owners.”Still, there is one more factor that highly
contributed to our results


perhap
s the most important: client relations. Lately, the Severnav
Shipyard that launches ship after ship using

EximBank financing products, grain silos in
Constanta port that are stamped “EximBank financed” and the Romcab factories


one of the
most important
Romanian exporting company supported by financing products and state
guarantees. Also, I do believe that EximBank understood correctly that agriculture is a high
potential domain and the Bank’s portfolio comprises important transactions in this field.”
Add
ed the Bank’s representative.

The process of establishing the Banca de Export Import a
Romaniei


EximBank SA started in 1991, when the Council for Mutual Economic Support
(CAER) dissolved and Romania started to understand that the policy of supporting its

exports
has to be res
-
shaped and placed on a new track.

The idea of establishing agencies to support
the exports had emerged 72 years before, in 1919, when the first institution of the kind was
established in Great Britain


Export Credits Guarantee Depar
tment


with the initial aim of
supporting the exports toward Russia. After that stage, in 1933, the first bank holding the
EximBank name is established in the United States.

Romanian EximBank is officially
established on April 8th 1992.

Started as an expo
rt agency, EximBank has enriched in time its
area of action so that today the Bank can support through its threefold product portfolio
focused on financing,

guarantee and insurance any type of company, either SME or big
company, active on international ma
rkets or solely on the domestic one.

Thus, Eximbank has
been actively supporting and promoting the Romanian business environment for 20 years,
putting its financial instruments to work for local companies projects.

3.3
EximBank, an important role in suppo
rting exports

Central Bank Governor Mugur Isarescu said Monday
(28.05)
evening, during the event that
marked 20 years since the founding of EximBank, that exports represent for Romania a
solution of economic growth that is essential in the present global c
onjecture, as EximBank
has an important role in supporting exports. In his turn, Liviu Voinea, state secretary with the
Ministry of Finance, mentioned that the most resilient banks in Europe, when the crisis hit,
were the state
-
run banks, which stepped up
the pace of crediting.

Also attending the event,
the first EximBank President and the acting President of the Romanian Banking Institute,
Petru Rares warned that Romania, like many other countries, is going through challenging
times, and supporting export
s represents an antidote to crisis. Mihai Ionescu, the Secretary
General of the Association of Exporters and Importers, said that the companies he represents
are closely monitoring the evolutions of the RON. “(…) Here, I must admit, I appreciate the
outsta
nding efforts made by the Central Bank that succeeded, these years, to shield us from
the abrupt fluctuations of the exchange rate.”

3.4
BNR lends

EUR 1.8 bln to banks, the biggest sum in the last two years

The National Bank of Romania (BNR) yesterday
(27.05)
extended 7
-
day loans worth RON
8.077 bln in total (EUR 1.8 bln), through a repo auction, thus offering the biggest sum
extended through such
an auction after February 2010, Mediafax reports. By such operations,
BNR offers cash to commercial banks, in exchange of state bonds at the annual key interest
rate of 5.25 pc. This was the largest sum lent through a repo auction after February 1, 2010,
w
hen 16 banks borrowed RON 9.24 bln.

3.5
Raiffeisen: Romania, a strategic market for the main banks with foreign
capital

The macro
-
econom
ic environment proved challenging for the Romanian banking sector in
2011, according to Ionut Dumitru, the chief economist of Raiffeisen Bank. “The structure of
the banking system did not suffer major modifications last year, and Romania will probably
be f
urther considered as a strategic market by the main banks with foreign capital,” he
explained. As for the prospects of banking activity, Dumitru expects to see a modest increase
of loans granted to the non
-
governmental sector in 2012, while the loans provi
ded to
companies will perform better than those granted to individual customers. “We consider the
banking system as financially sound and well regulated, as the high levels of solvency and
cash indicators allow it to absorb with minimal effects the possibl
e shocks coming from
foreign markets,” he concluded.

Also, despite the current turbulences in the Eurozone, which
have also had their impact on Central and Eastern Europe (CEE), the CEE banking markets
have proven to be more resilient than initially antic
ipated, the analysts of Raiffeisen Bank
International AG (RBI) and Raiffeisen Centrobank AG (RCB) state in the newest edition of
Raiffeisen Research’s annual CEE Banking Sector Report titled “Performing in challenging
times.”

3.6
Erste Group’s ownership in BCR increases to 93.27 pc

Erste Group Bank AG (Erste Group) increases its ownership in BCR from 93.04 pc to 93.27
pc or by 34.5 million shares following

another share purchase offer made to the BCR minority
shareholders other than the SIFs, a press release informs. The offer was valid February 06,
2012 until May 25, 2012 with the offered price per share held by minority shareholders of
approximately 0.25
EUR. In the next few weeks late coming acceptance letters from minority
shareholders will be considered and accepted. The very good acceptance rate (60.54 pc of all
minority shares were sold) shows that the offer was deemed fair and attractive by the minor
ity
shareholders. Total investment of Erste for this offer amounts to approximately EUR 8.4
million and reconfirms Erste Group commitment towards BCR and Romania.

3.7
Omniasig VIG targets RON 1.2 bn gross written premiums in 2012

OMNIASIG Vienna Insurance Group resulting from the merger of BCR Asigurari and the old
OMNIASIG became functional on May 1, 2012, but the absorption actually became official
yes
terday, becoming the most important project in the last 20 years, Mihai Tecau, Chairman
of the Directorate, told a press conference yesterday. The Omniasig VIG insurer’s strategy for
2012 includes a volume of gross written premiums worth RON 1.2 bn, achiev
able through a
portfolio of products adjusted to the new economic context, Tecau also said.

The Chairman of
the Omniasig VIG Supervisory Board, Franz Fuchs, in turn said the VIG group had obtained
revenue from premiums of EUR 8.9 bn in 2011, despite the fo
reign exchange fluctuations on
Central and Eastern European markets. ‘The gross written premiums were up 10.1 per cent to
EUR 559.01 M,

calculated year on year, with a profit before tax of over EUR 500 M’ Fuchs
also noted.

An important element of the comp
any growth strategy is the partnership for the
sale of insurance products OMNIASIG VIG has with BCR (a part of the agreement of
cooperation between Erste Bank and Vienna Insurance Group), a partnership in progress, with
an important role in the consolidati
on of the entire territorial network of the company from a
sales point of view.

In the first three months of 2012, the VIG companies in Romania have
reported net cashed premiums of EUR 118.1 M, down 11 per cent less compared to the EUR
133 M made in the fi
rst quarter of 2011.

4
.
COMPANIES NEWS

4.1
Bosch Group, more determined to expand its business in Romania

The German company plans i
nvestments of EUR 120 M by 2013.

2011 was a successful year for Bosch in Romania. “Because of a 17 per cent growth in sales,
wh
ich reached EUR 188 M, we managed to surpass the goal we had set for 2011 and thus we
contributed to the positive global evolution of Bosch Group. The auto technology division and
the communication centre in particular registered exceptional results,” Brig
itte Eble, Robert
Bosch SRL General Manager and Bosch Group representative in Romania, stated yesterday
during a press conference.

“We will significantly expand our presence in Romania and we
will invest approximately EUR 120 M (EUR 43 M in Blaj and EUR 77

M in Cluj) by the end
of 2013. The current plant in Blaj will expand by adding a new production line and a new
range of products will be produced here


RPM sensors for the auto industry. Likewise, we
will open a new centre in Cluj, where we will produce
electronic command units for auto
vehicles,” Eble added.

Construction works started in March for the centre in Blaj and in May
for the centre in Cluj. Nevertheless, Bosch representatives are realistic and expect the turnover
to drop from EUR 188 M in 2011
to EUR 176 M this year. “We believe that in 2012 we will
register a drop in turnover, a grounded drop considering that Renault has relocated production
lines to Russia and Morocco and is delivering directly there. Until now that used to be made
in Romania,
” Brigitte Elbe, Robert Bosch SRL General Manager, stated. She pointed out that
the relocation of Renault’s production will result in a EUR 8
-
10 M drop in Bosch Romania’s
sales.

State aid consists

of subsidies, not tax exemptions

Bosch will receive state a
id for its investments in Blaj and Cluj, however the aid will not
consist of tax exemptions but of subsidies based on the bills presented by the group, Bosch
representatives being of opinion that the said projects would have been feasible even in the
absen
ce of support from authorities. “We made the calculations and the investment would
have been efficient in the absence of this state aid too. The investments would have been
worth it for us even in that case, but the state aid is welcomed. I believe this is

a win
-
win
situation,” the Robert Bosch SRL General Manager stated. Brigitte Elba stated that the
Romanian state has set clear rules for this aid which is not implemented in other countries
where the less advantageous option of tax exemptions is preferred.

She pointed out that the
state aid could reach EUR 375 per square meter of construction and up to 50 per cent of the
equipment’s value, being conditioned by the investment’s overall evolution. The Group
estimates that the level of investments for the cons
truction of the announced projects stands at
EUR 1,200 per square meter. “Usually we calculate a payback period of eight to ten years,”
she added.In early 2012, Bosch Group had a number of approximately 1,300 employees in
Romania. That figure grew by 14 pe
r cent as compared to last year. Given the expansion of
local production the company’s number of employees will grow by approximately 50 per cent
by the end of 2013.

4.2
Lodgy, the new member of the Dacia family, now officially in Romania

Over 200 units of the new model have been ordered since early March, while at global
level the orders total approximately 8,000, Dacia Commercial Director Thomas Du
bruel
stated
.

After Logan, Sandero and Duster, Lodgy is now added to the Dacia series. The auto
manufacturer officially launched yesterday in Romania a new family car model with a five or
six
-
seat configuration at a starting price of EUR 9,500 (VAT include
d). Romanian customers
were able to order the new model starting on March 7, 2012. The car is present today in
showrooms.“Until now we received 8,000 orders from our customers worldwide. Until now
we have 200 orders from Romanian customers that are yet to
see the car, which for us
represents a vote of confidence,” Dacia Commercial Director Thomas Dubruel stated during a
press conference. The Lodgy model targets a new customer demographic, namely families,
and is the first Dacia model produced outside Romani
a. Moreover, on June 7
-
10 Dacia will
run a campaign in order to launch the new model. “With Dacia Lodgy we materialize Dacia
brand’s international dimension. The model is manufactured in Morocco, however it has the
genes of the Dacia brand,” Dacia and Rena
ult Group Romania General Manager Jerome Olive
stated in his turn.

Dacia representatives did not present figures concerning the estimated sales
level for the new model, however they pointed out that the group has significant ambitions on
the Western Europe
an market and seek to attain the position of leadership on this segment on
the local market.
Spacious and functional
.
The Lodgy series includes three versions: Access,
Ambiance and Laureate. Lodgy stakes on an “unbeatable” space/price ratio as the auto
comp
any’s representatives pointed out.
(Full article: Nine O’Clock 6.06)

4.3
E
-
Boda launched IPS technology 9.7 inch screen new tablet

Romanian company E
-
Boda l
aunched the new eponymous model Impresspeed IPS Supreme,
with 9.7 inch screen, Android 4.0 operating system, 16 GB memory and 600
-
gramme weight.
The tablet costs RON 999. Its capacitive screen recognizes up to 10 simultaneous touches,
which makes the playi
ng easier of the games and applications requiring several touches. The
product is also Wi Fi

connectable and can also operate in 3G with certain USB sticks, with E
-
Boda going to put up for sale a few such modems priced at RON 150. “This year, we expect
as

many as 140,000 tablets of all brands to be sold on the market this year, with the company
expecting a share of circa 7 pc,” said E
-
Boda founder Alexandru Dragoiu. Also, E
-
Boda sets
out to sell 3,000 tablets of the new model by the end of this year and es
timates sales of circa
10,000 units of all models, with this product category to account for 20 pc of the company’s
turnover. Dragoiu also said E
-
Boda will launch this year at least two more tablet models, if
not three, of which one will sell for a price s
omewhere between the two on the market
already, which means for about RON

800, and a model less expensive than the first E
-
Boda
-
launched tablet which sells now for RON 599.


5
.
BUSINESS OP
P
ORTUNITIES


Company Name

AMIK WOODMAN SRL

Contact Person

Amik Zol
tan

Address

Satu Mare, Romania

Telephone No.

+40
-
261
-
867610

Fax No.

+40
-
261
-
867610

Cell.

+40
-
745
-
896467

E
-
mail

zoltan@amik.ro

or
amik@amik.ro


Web site

www.amik.ro

Descript
ion of the offer

The company is dedicated to the production and sale of
wooden toys
, furniture for children and furniture for schools
and kindergardens. The most used materials are solid beech,
maple, pine, linden, all treated with ecological paints and
l
acques, on water base.90% of the production is destinated to
the European markets.

Main products:

-

wooden toys for children and kindergarden

-

chairs and tables for children and kindergarden

-

tables and chairs for adults

-

orname
n
t and decorative products (made

of wood)

-

child’s room

-

decoration and parlor game
, etc.

The catalogue is avalable at the Commercial Office of the
Embassy of Romania, Tel Aviv.

The company is loking for new export markets.





Company Name

WALACHIA APEX SRL (member of Apex
G
roup)

Contac
t person


Address

44, Mihai Eminescu St, Brasov, Romania

Telephone No.

+40
-
268
-
548349

Fax No.

+40
-
268
-
548149

E
-
mail

info@apexgroup.ro

Web site

www.apexgroup.biz

Description of the offer

Apex Group designs and

manufactures corpex and apex plate
-
type heat exchangers for:

-

combustion air preheating for steams methane
reformers

-

combustion air preheating for industrial boilers

-

combustion air preheating for power plant boilers.

-

heat recovery from incinerators

-

heat r
ecovery for dryers

-

heat recovery for exhaust gases

The
presentation of the companiy’s products

is avalable at the
Commercial Office of the Embassy of Romania, Tel Aviv.




Company Name

EURO

COMPRESSION SRL

Contact Person

Cristina Mocean


Assistant Dir
ector

Lala Wachter


Commercial Director

Address

93A + 3, 1 Decembrie 1918 Blvd.,

Targu
-
Mures, Romania

Telephone No.

+40
-
265
-
266182

Fax.No.

+40
-
265
-
266599

E
-
mail

office@eurocompression.com

Website

www.eurocompression.com

Description of the offer

Euro Compression
is a supplier of compressor related
components such as pressure vessels, air
-
cooled heat
exchangers, valves, pressure and control valves, etc.
To ensure
customer satisfaction of the delievered products aftermarket
parts and
service s
upport is
another focus of Euro
Compression.The company provides a wide range of services
including start
-
up and commissioning , operation/maintenance
programs and tr
aining for the end users. The company can also
provide consulting and conversion packages to re
-
apply
existing compression equipment for new or changing field
conditions.

The company is looking for new markets.







Company Name

FATTORIA TERRANTICA SRL

Contact Person

Raluca Basescu, Commercial Manager

Address

Zona Libera Constanta , Agigea, Incinta 1A, Constanta,
Romania

Telephone No.

+40
-
241
-
743163

Fax.No.

+40
-
241
-
743172

E
-
mail

r.basescu@terrantica.ro

Website

www.terrantica.ro

Description of the o
ffer

Export of chicken specialities.

Fattoria Terrantica

is a

poultry processing unit, with an
experience of 10 years, producing chicken specialities as
schnitzels and burgers, fully cooked and individually quick
-
frozen, respecting all the quality standar
ds and European
legislation and international rules on hygiene and food safety.

Our unit is certified ISO 9001:2008, HACCP (based Food
Safety System) System
-

Option A and Option B Managemant
Process Certification by Lloyd's, BRC (British Retailers
Consorti
um)


A Grade and IFS (International Food Standard)
-

Higher Level, Halal Certificate for HQC standard and based
on Government Decision 445/2003, certificat NCAGE (code
for economic agent). All these, bring guarantees for delicious
and safe products, for a
ll tastes. Traceability for raw materials
and materials is a crucial factor for Fattoria Terrantica. All raw
materials and materials used in the production process are
coming from partners from European Community, and
beyond, that comply fully with it's st
ringent requirements.
Fattoria Terrantica offers a wide range of specialties from
chicken, the chicken cordon bleu, chicken schnitzel to snack
concept in vogue today, and burgers. Our products are local
and internationally well
-
known and can be found in al
l market
segments, from retail to food
-
service and from restaurant
chains to the industrial market.




Company Name

IPROLAM S.A.

Contact Person

Andrei Mauthner


Director General

Dorin Macrea


Deputy Director General

Address

Str. Negustori nr. 23
-
25

0
23952 Bucuresti, Romania

Telephone No.

+40
-
21
-
3158739

Fax.No.

+
40
-
21
-
3155041

E
-
mail

office@iprolam.ro

Web site

www.iprolam.ro

Description of offer

Having the benefit of a complex structure, with technical

specialties, with an elite group of engineers,

with an ample

expertise and an impressive database of more th10a0n.000

projects, IPROLAM has the competence to approach complex,

“turn key” works as well as specialized works, in all the
economy sectors, preponderantly in the metallurgical field as a
Des
igner, General Supplier and General Contractor.

IPROLAM SA has implemented and maintains a Quality

Management System according to ISO 9001/2008, DIN EN
ISO 14001/2009, and BS OHSAS 18001/2008 certified by

GERMANISCHER LLOYD.

The Technology Department

coord
inates the rolling mills
projects.

The Machinery Department
, through its highly qualified
specialists, carries out the design work (CAD or classic), the
technical assistance for erection and commissioning of
mecanical, hydraulic and auxiliary equipment pow
er packs,
heating and thermal treatment furnaces.

The Department of Electric
Drives, Installations, Automation
and Computer
-
Controlled Processes offers its competent
services for consultancy, hardware and software design, supply
of assemblies and sub
-
asse
mblies, replacement parts and
components, for training, technical assistance for erection and
commissioning, debugging and maintenance under warranty
and post
-
warranty,

both in the traditional activity range, that of machinery drives
and rolling mills cont
rol in the metal processing industry, as
well as in other industrial fields.

The Constructions Department
, with its highly specialized and

competent personnel, draws out architectural designs,

constructions, technology/functional installations for civil an
d

industrial constructions.


Company Name

METAL WORK INDUSTRY SRL

Contact Person

Viorica Grafu, General Manager

Corin Tudoroiu, Marketing Manager

Address

103, Sos. de Centura a Municipiului Bucuresti, Popesti
Leordeni, Romania

Telephone No.

+40
-
21
-
52
96257

Fax.No.

+40
-
21
-
5296257

E
-
mail

office@metalwork.ro

Website

www.metalwork.ro

Description of the offer

Metal Work Industry is a Romanian company with private
capiytal, specialized
to produce and distribut
e metallic profiles
and accessories

for
:
gypsum
-
board systems (drywall
structures) and modular ceiling systems. The company’s
itinerary has evolved in the dynamic rhythm of the
construction industry from the manufacture of elementary
perimetral profiles ,
to the production of adjustable accessories
and multi
-
functional systems. Products are made of sheets of
steel or aluminium and processed by cold rolling.

Products manufactured by Metal Work Industry meet current
building requierments being characterized

by special
technical parameters: high quality, high corrosion resistance,
flexibility in handling, adjusting the feature size, easy for
assembling and durabilty during operation.

The company is looking for new markets.





Company Name

OPTOELECTRONICA 2
001 S.A.

Contact Person

Teodor Necsoiu, General Manager

Address

409, Atomistilor St. 077125 Magurele/Ilfov, Romania

Telephone No.

+40
-
21
-
4574498

Fax. No.

+40
-
21
-
4574204

E
-
mail

tnecsoiu@optoel.com

Web site

www.optoel.com

Description of offer

S.C. OPT
OELECTRONICA 2001 S.A is a Romanian owned
stock company founded in the year 2000

as a result of the
reorganization of the optoelectronic domain. The company has
the office headquarters and production facilities on the
Platform for Atomic Physics
.

The main
activit
ies are

in the
field of research, technological development and innovation in
physics, advanced electronics, optoelectronic devices for civil
and special applications.

The main research directions are:



Research in Radiation Physics for UV
-

VIS
-

IR and X



Laser equipment



Night vision devices and thermo
-
vision equipment



Holographic
and m
icro
-
optics & nano
-
optics
technologies



False document inspection and biometric systems



Medical X
-
ray & therapy systems


The a
reas of expertise and cooperation inter
ests:

S.C.
OPTOELECTRONICA 2001 S.A is a Romanian owned stock
company founded in the year 2000

as a result of the
reorganization of the optoelectronic domain. The company has
the office headquarters and production facilities on the
Platform for Atomic Phys
ics
.

The main activit
ies are

in the
field of research, technological development and innovation in
physics, advanced electronics, optoelectronic devices for civil
and special applications.


The main research directions are:



Research in Radiation Physics
for UV
-

VIS
-

IR and X



Laser equipment



Night vision devices and thermo
-
vision equipment



Holographic
and m
icro
-
optics & nano
-
optics
technologies



False document inspection and biometric systems



Medical X
-
ray & therapy systems


The a
reas of expertise and co
operation interests:


S.C. OPTOELECTRONICA 2001 S.A is a Romanian
owned stock company founded in the year 2000

as a result of
the reorganization of the optoelectronic domain. The company
has the office headquarters and production facilities on the
Platform

for Atomic Physics
.

The main activit
ies are

in the
field of research, technological development and innovation in
physics, advanced electronics, optoelectronic devices for civil
and special applications.


The main research directions are:



Research in Ra
diation Physics for UV
-

VIS
-

IR and X



Laser equipment



Night vision devices and thermo
-
vision equipment



Holographic
and m
icro
-
optics & nano
-
optics
technologies



False document inspection and biometric systems



Medical X
-
ray & therapy systems


The a
reas of
expertise and cooperation interests:

Nanotechnologies, Laser Devices and Laser Equipment,
Forensic equipment, Optical testing , X
-
Ray medical and
veterinary imaging
.

The Prospects

and Directions for Development

Optoelectronica
-
2001 S.A. is open for
partner
ships

for:



The implementation in Romania of production
facilities for optoelectronic equipment for
operational needs (night vision devices, thermo
-
vision, lasers equipment etc);



The implementation in Romania of production
facilities for micro
-
optic and mic
ro
-
mechanic
devices.

Optoelectronica
-
2001 S.A. provides the following
services
:



Production line for false documents detection (or
for the documents suspected to be falsified) and
personnel identification (biometric systems);



Production line and technology
for high security
holographic marks (2D, 3D, 2D/3D and 3D);



Production line for fiber
-
optic lasers pumped with
diode
(
λ=1.06µm, λ=1.55µm si λ=1.91µm Tulium)

Optoelectronica
-
2001 S.A. offers
representation

services:



Expertise
-

measurements and tests
-

in
optoelectronics through the laboratories accredited
by EU organizations;



Optical measurements in UV
-
VIS
-
IR;



Measurement
s in characterization of coherent
laser radiation (UV
-
VIS
-
IR).



Business interests representation in optoelectronics
in Romania.




Company Name

ROMRADIATOARE S.A.

Contact Person

Ioana Nita


Business Development

Address

113A, Zizinului St, Brasov 500407
, Romania

Telephone No.

+40
-
268
-
317550 or 313500

Fax.No.

+40
-
268
-
317500 or 317600

E
-
mail

Ioana.nita@romradiatoare.com

Website

www.romradiatoare.com

Description of offer

ROMRADIATOARE manufactures

heat exchangers and

cooling systems for

vehicles

and

in
dustrial

applications
, as
well as various
metal parts

and

welded

structures
.
Our
products

serve

the needs of worldwide customers
operating in

industries such as

automotive
,
agriculture & forestry

machinery
, construction machinery, industrial machinery, oil

& gas, chemical processes, power generation and
co
-
generation,
railway, marine, extractive or

defense.

The company is interested to identify new commercial
partnerships.

T
he presentation of Romradiatoare is available at the
Commercial and Economic Promoti
on office of the Embassy of
Romania, Tel Aviv.


Company Name

SENATOR PRODIMPEX SRL

Contact Person

Ciprian Neacsu


Export Manager

Address

5, Maior Gheorghe Pastia St, Focsani, Romania

Telephone No.

+
40
-
237
-
237800

Fax No.

+40
-
237
-
230940

E
-
mail

Lucian.
neacsu@crameleodobesti.ro

Website

www.senatorwine.ro

Description of offer

Wine manufacturer and exporters.
The company exports a
wide range of white and red wines.

Looking for importers/distributors.


Company Name

TAMISA TRADING SRL

Contact Person

Ang
ela ATANASIU, Chief Financial Officer

Dan DOBOESCU, Administrator

Address

Bd. Preciziei, nr.1, tronson 1, et. 4, 062202 Bucuresti,
ROMANIA

Telephone No.

+40.21.4087100

Fax.No.

+40.21.3192944

E
-
mail

office@tamisa.ro

Website

www.tamisa.ro

Description o
f offer

Tamisa Trading is the first company in Romania to have
become a national distributor of medicines and a specialist in
the wholesale distribution of all pharmaceutical products, with
over 20 years of experience.

Since 2010, we become producers of nu
tritional supplements.

The customer care and the solid knowledge of the market
determined the constant growth of the product portfolio and
the diversification of the services provided.

Tamisa nutritional supplements range comes for helping the
ongoing need
s of people for a healthy lifestyle. At the very
heart of the compositions of our products lies extensive in
-
depth research. The quality of our products is provided by the
modern production facilities

with high quality standards.

Our objective for 2012 is
to get our products into the homes of
as many people as posible to strengthen their health.

We invite you to find out more about us and our products on
our website: www.tamisa.ro.

We are concerned with finding new markets and develop
strong and sustainable

partnership.




6

.
FORTHCOMING INTERNATIONAL EXIBITIONS
IN ROMANIA





Event





Time period





Website

EXPO FUNERARE


Funeral products and services fair

14.06.2012
-

16.06.2012

www.expofunerare.ro


DANUBE & DELTA
INTERNATIONAL FAIR


International fair for the development of
Danube macro
-
region

28.06.2012
-

30.06.2012

www.delta
-
expo.ro


BIFE

International fair for furniture, wooden
products, furniture fittings, interior
decorations; machinery & equipment for
forest exploitation and woodworking


05.09.2012
-

09.09.2012

www.bife.ro


ANTIQUE MARKET


Antique and art objects fair

05.09.2012
-

09.09.2012

www.antiquemarket.ro


TRADITIONAL PRODUCTS
FAIR VI


05.09.
2012
-

09.09.2012

targprodusetraditionale.ro


COSMETICS BEAUTY H
AIR


International exhibition of products and
equipment for cosmetology, body care
and hairdressing

20.09.2012
-

23.09.2012

www.expocosmetics.ro



EXPO ITP II

International exhibition of contraction for
garments, textile and leather


20.09.2012
-

23.09.2012

www.itp
-
expo.ro


ROMANIAN TATTOO SHOW


Tattoo gallery

20.09.2012
-

23.09.2012


TRADITIONAL PRODUCTS
FAIR VII


20.09.2012
-

23.09.2012

targprodusetraditionale.ro


TRADITIONAL PRODUCTS
FAIR VIII


26.09.2012
-

29.09.2012

targprodu
setraditionale.ro


TIB


Bucharest International Technical Fair

17.10.2012
-

20.10.2012

www.tib.ro


EEE


International fair for renewable energy,
conventional energy, equipment and
technologies for oil and natural gas

17.10.2012
-

20.10.2012


www.eee
-
expo.ro


Event





Time period





Website

INVENTIKA


Inventions and innovations trade show

17.10.2012
-

20.10.2012

www.expoinventika.ro


TRADITIONAL PRODUCTS
FAIR IX


17.10.2012
-

20.10.2012

targprodusetraditionale.ro


ROMANIAN SEC
URITY FAIR


International exhibition of security,
police, alarm, civil, fire & disasters
protection systems

25.10.2012
-

27.10.2012


INDAGRA


International fair for agriculture,
gardening, winery an
d animal breeding

31.10.2012
-

04.11.2012

www.indagra.ro


ALIMENTA


International fair for
the food industry

31.10.2012
-

04.11.2012

www.alimenta
-
romexpo.ro


ALL
-
PACK


International exhibition of packaging,
packaging materials, machines and
specific equipment

31.10.2012
-

04.11.2012

www.all
-
pack.ro


EXPO DRINK


International wine and spirits exhibition

31.10.2012
-

04.11.2012

www.expodrink.ro


TRADITIONAL PRODUCTS
FA
IR X


31.10.2012
-

04.11.2012

targprodusetraditionale.ro


AUTOE
XPOTEHNICA


Auto Parts Exhibition

08.11.2012
-

10.11.2012

www.autoexpotehnica.ro


DENTA II


Dentistry and dental technologies

08.11.2012
-

10.11.2012

www.denta.ro


TTR


The Romanian Tourism Fair

15.11.2012
-

18.11.2012

www.targuldeturism.ro


ROMHOTEL


International exhibition of architecture,
equipme
nt, furniture and supplies for
hotels and restaurants

15.11.2012
-

18.11.2012

www.romhotel.ro


TRAD
ITIONAL PRODUCTS
FAIR XI


15.11.2012
-

18.11.2012

targprodusetraditionale.ro


TRADITIONAL PRODUCTS
FAIR XII


21.11.2012
-

25.11.2012

targprodusetraditionale.ro


C
-
B
-
S

Gift Fair


29.11.2012
-

02.12.2012

www.c
-
b
-
s.ro


KIDEX

The joyful fair for you and your children


29.11.2012
-

02.12.2012

www.expokidex.ro


ANTIQUE MARKET III


Antique and art objects fair

29.11.2012
-

02.12.2012

www.antiquemarket.ro


TRADITIO
NAL PRODUCTS
FAIR XIII


29.11.2012
-

02.12.2012

targprodusetraditionale.ro


LUXURY BRANDS

09.12.2012
-

11.12.2012




The Economic and Commercial Promotion Office of Romanian Embassy in
Tel Aviv
:

Address: 24, Adam Hacohen Street, Tel Aviv

Tel: 00
-
972
-
3
-

529.8115 (direct line);

Tel/fax: 00
-
972
-
3
-

523. 8205 (direct
line);

E
-
mail:economic1@bezeqint.net

Contact person:

Dorin REFCA








Minister C
ounselor




NOTE
: NEWS
are from
Nine
O

C
l
o
ck


and

Agerpres