News archives:July 2008

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Argos:Bulgaria-UniCredit to launch real estate fund -report

UniCredit plans to set up a real estate fund, following the example of other major European banking groups, which would use parts of buildings that house the bank's branches and other properties, Reuters news agency reported on July 20.[[Category:Real estate]

Argos:MOL, CEZ set up joint venture to build power plants

The venture will seek opportunities in Hungary, Croatia, Slovakia and Slovenia and its first projects will be building 800 megawatt generators at MOL's refineries in Bratislava and Szazhalombatta in Hungary for a combined cost of 1.4 billion euro.

Argos:Centrales électriques: coentreprise du hongrois MOL et du tchèque CEZ

Le géant gazier et pétrolier hongrois MOL a annoncé lundi avoir créé une coentreprise avec le tchèque CEZ pour construire des centrales électriques en Europe centrale et du sud-est.

Argos:Hungary fifth largest investor in Croatia

Hungary is Croatia's fifth biggest investment partner with Hungarian capital invested in Croatia exceeding one billion euros since 1995, a foreign economy expert at the Hungarian Embassy in Zagreb told MTI on Sunday.

Argos:Turkey to receive 495 million euro pre-accession EU aid

Turkey will benefit from new European Union funds thanks to the implementation of a new mechanism allocating funds to countries that are candidates for membership in the bloc. A recent contract signed between Ankara and Brussels grants Turkey the first lot of financial assistance, amounting to 497 million euros, while the amount will rise to 781 million euros in the fifth lot.

Argos:Paulana and Immo Industry develop production facility in Croatia

Paulana and Immo Industry develop production facility in Croatia]]

Argos:Hungary's MOL on negative watch on expected bid for Croatia's INA stake - SandP

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it placed MOL Hungarian Oil and Gas firm Plc's 'BBB-' long-term corporate credit rating (CCR) on negative watch citing the company's intention to launch an offer for 30 percent shares of Croatian oil company INA that are not held by the Croatian government, while also negotiating acquiring a further INA stake from the government.

Argos:Bulgarian deposit base 7th biggest in CEE

The deposit portfolios of Bulgarian banks added up to 19 billion euro at end-2007, the equivalent of 65 per cent of gross domestic product (GDP), ranking the country 7th in this respect in Central and Eastern Europe (CEE), the annual market overview of UniCredit Group showed.

Argos:Izvještaj Svjetske banke o poslovanju u jugoistočnoj Evropi za 2008. godinu

Prema novom izvještaju koji je Grupa Svjetske banke izdala danas, lakoća poslovanja varira u velikoj mjeri među gradovima u jugoistočnoj Evropi. Izvještaj Svjetske banke o poslovanju u jugoistočnoj Evropi u 2008. godini obuhvata 22 grada u sedam ekonomija: Albanija, Bosna i Hercegovina, Hrvatska, Kosovo*, BJR Makedonija, Crna Gora i Srbija.

Argos:Doing Business in South East Europe 2008

New Report Benchmarks 22 Cities on the Ease of Doing Business to Help Improve Competitiveness, Create Jobs Bitola, FYR Macedonia, July 14, 2008—The ease of doing business varies greatly among cities in South East Europe, according to a new report launched today by the World Bank Group.

Argos:MOL, une OPA de 30 p. cent sur INA

Le groupe pétrolier et gazier hongrois MOL va lancer une offre publique d'achat sur 30% des actions de la compagnie pétrolière croate INA afin d'en détenir la majorité du capital, a-t-il annoncé lundi dans un communiqué.

Argos:KBC, à l'heure de la consolidation, pas de nouveaux pays prévu, sauf la Croatie

KBC Groupe finance une large partie de sa croissance lui-même, raison pour laquelle il met l'accent actuellement sur la croissance organique dans les pays où il est déjà actif.

Argos:Hungarian MOL, Croatian INA suspended - MOL-OMV deal rumoured

Trade in the shares of Hungarian oil and gas group MOL has been suspended on the Budapest Stock Exchange (BSE) on Monday shortly before 13:30 CET, but the reasons are not yet known. The suspension came when MOL was down 0.3% in turnover of HUF 800 m.

Argos:Turkish shipyards grow at breakneck pace

Turkey's shipbuilding industry has boosted its exports by 30 percent in the past year by focusing on high-value, made-to-order ships that are not available from larger-scale builders in China and South Korea.

Argos:Granolio-Cautio Joint Venture Acquires Dairy Company Zdenka for USD15 Million

Local media report that the Croatian Privatization Fund has approved a $15.3 million offer for a 99.97% stake in dairy company Zdenka by Croatian financial firm Cautio Nasice and Zagreb-based agribusiness Granolio.

Argos:OMV confirms interest in Croatia's INA, toughens up the game for Hungary's MOL

Austrian fuels group OMV has said on Thursday it would be interested in taking part in the sell-off of Croatia's oil and gas concern INA in case of a transparent privatisation process.

Argos:Bulgaria H1 new vehicle sales up 21 p.cent year-on-year

New motor vehicle sales rose 21 per cent year-on-year in the first half of 2008, data released by the local car importers association showed.

Argos:Croatia Approves Domestic Bid for Dairy Firm Zdenka, To Sell Sladorana Sugar Refinery

ZAGREB (Croatia), July 8 (SeeNews) – Croatia has approved a 70 million kuna ($15 million/9.7 million euro) joint offer of local financial company Cautio Nasice and farm firm Granolio Zagreb for the purchase of 99.97% of dairy company Zdenka, the government's Privatisation Fund, HFP, said on Tuesday.

Argos:Croatia to ask OMV its intentions on oil firm INA

ZAGREB, July 9 (Reuters) - Croatia's market regulator said on Wednesday it will ask Austrian oil group OMV (OMVV.VI: Quote, Profile, Research) if it is interested in buying a stake in national oil and gas concern INA INA.ZA (HINAq.L: Quote, Profile, Research), as local media have reported.

Argos:Nations in Transit 2008 Country Report

Croatia made some gains in institutionalizing reform during 2007 even as more entrenched problems, such as improving the judiciary, will require longer and more diligent government efforts.

Argos:Refinancing of the Zagreb-Macelj Motorway PPP project

Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm has advised the Republic of Croatia on the refinancing of the Zagreb-Macelj Motorway PPP project.

Argos:Maroc-Croatie - Accord de non-double imposition

Le ministre du Commerce extérieur, Abdellatif Maâzouz, a effectué une visite, les 25 et 26 juin en Croatie, au cours de laquelle il a signé avec le ministre croate des Finances, Ivan Suker, un accord de non double imposition entre le Maroc et la Croatie.

Argos:Pevec to open a retail centre in Skopje

Croatian group Pevec is to build a retail centre in Skopje, in Cucer-Sandevo municipality. The company has announced that the centre will be 150,000 sqm in area, 25,000 of which will be commercial space.



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