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9th May 2007

46 p.c. growth for Fujitsu Siemens Computers Romania in 2006

Fujitsu Siemens Computers Romania keeps the leading position for the third year consecutively, on the note-book market, with sales of over 11.620 devices, a market share higher with 4 per ce nt than the previous year, Dragos Nicolaescu, Country Manager of Fujitsu Siemens Computers Romania stated yesterday in a press conference.

The Romanian branch of the company ended the fiscal year 2006 with a turnover of EUR 49.57 M, 46 per cent higher than the previous year. On the desktop market, the company reported a market share of 12.1 per cent. “ For the fiscal year 2007 we aim at maintaining the leading position on the note-book market and we intend to double the market share on the server and the desktop market and to reach a turnover higher then EUR 60 M”, Dragos Nicolaescu stated. According to Nicolaescu, the Romanian branch of the company will adjust the business strategy to Fujitsu Siemens Computers strategy for the states of the Central and Eastern Europe.

For 2007, Fujitsu Siemens România intends become one of the competitors on the IT services market for companies and to open a company for Dynamic Data Center services. Bern Bischoff, CEO of Fujitsu Siemens Computers, in his first visit to a Eastern Europe country presented the innovation areas of the business, such as mobile solutions and services, data center automation, best practice service, green IT and ease-of-use and design. Bischoff added all these innovations brought significant reduction of capital expenses.
Source: Nine O'Clock

Kurt Leitner, new CEO of Porsche Romania Financial Group

Kurt Leitner took over the position of Chief Executive Officer (CEO) in the Porsche Romania Financial Group, replacing Peter Demmer, who ended his term at the beginning of May, reads a company communiqué. The new CEO, aged 40, has a 19-year experience in the Porsche group, having held positions in various departments. Before coming to Romania, he was the executive of Porsche Serbia and Montenegro Financial Group. Between 2001 and 2004, Leitner administered the distribution network of the Austrian Skoda importer.

“Porsche Romania Financial Group has a strong position on the car financing market and I am eager to embark on this activity, to ensure that our business continues to grow successfully. Our main goal is to increase car sales for the Porsche group and to offer mobility for a large number of people”, Kurt Leitner said. His role will be centred round supporting the dealership network for the brands VW, Audi, Seat, Skoda, Porsche, with financial services that meet customer needs and interests.

The financial group, present on the Romanian market since 1999 with car funding for vehicles marketed by importer Porsche Romania, is comprised of a bank – Porsche Bank, a leasing company – Porsche Leasing, a car fleet management company – Porsche Mobility, and an insurance brokerage company – Porsche Broker de Asigurare. Last year, Porsche Finance Group recorded increase of 52 per cent in profit, to RON 33.5 M, and 38 per cent in turnover, to RON 206.5 M. At the end of 2006, the total value of the group’s assets stood at RON 1.54 bln, up 25 per cent against previous year levels.
Source: Nine O'Clock

Flight markets to Romania and Bulgaria demonstrate 'healthy growth'

The number of flights taken to new EU member states has demonstrated "healthy growth", new figures from a flight information provider have shown. n its Quarterly Airline Statistics Report, OAG has highlighted the progress made by Bulgaria and Romania in particular for the expansion of their flight operations. Specifically, this year there has been an increase of more than 800 flights to and from Romania, representing an extra 98,000 seats - a growth of 16% compared to the levels observed in 2006.

In Bulgaria, the number of flights in and out the country expanded by 10%, or 44,000 seats. Joseph F Laughlin, vice president of sales at OAG, commented: "May clearly shows the continued schedule expansion in the international and low cost sectors." Last month, Hungarian operator Malev said that its flights from Bucharest have the highest occupancy rates in what has become one of the largest flight markets in eastern Europe, the Ziarul Financiar news provider reported. Consequently, the airline said it intends to continue expanding its Bucharest services, as well as those for other Romanian airports.
Source: Ready2Invest

EUR 20 M for the upgrading of Baneasa airport

The domestic, low-cost and charter flights will be operated in the next two months from Henri Coanda airport.

Baneasa airport enters a period of repair from May 10 until the end of July, informs Antena 3. The changes include the construction of commercial spaces, restaurants, parking lots, and a presidential salon. The total cost will be EUR 20 M. During the repairs, the flights will be made from Otopeni airport. When it becomes operational again, the runway will be covered with an asphalt covering, the lighting system will be entirely replaced, and the airport building will be upgraded.

The development plan also includes a VIP lounge. According to the management of Baneasa airport, the latter could become a presidential airport. Another important change is the construction of a car park in front of the airport building, that will have finally 300 park lots. The officials say that at the end of the upgrading works, Baneasa airport will have nine ticket control areas, and its capacity will increase to 1.3 million passengers per year. The internal and low-cost flights and the charters will be operated during the two months from Henri Coanda airport. However, the low-cost aircraft will not be accepted at rush hours.

The number of control gates at Otopeni Airport supplemented 75 pc
Henri Coanda Otopeni airport supplemented 75 per cent the number of control gates, and reorganized the check-in windows, because the flow of passengers will increase significantly after the temporary transfer of the operators from Aurel Vlaicu Baneasa airport, informs also Mediafax. The representatives of Henri Coanda airport estimate a growth of 50 per cent of the traffic on Otopeni airport, as a result of the takeover of the companies which operate now from Baneasa. Around 25 per cent of the traffic growth is determined by the intensification of the activity of the air flight companies which operate at Otopeni, a progress of seven per cent will be the consequence of the penetration of new operators on the market, the balance being determined by the firms to come from Baneasa. Thus, if last summer an aircraft took off or landed every nine minutes, the interval will decrease to seven minutes this summer, and to less than one minute in the rush hours, said the representatives of the airport.
Source: Nine O'Clock

Immoeast to spend 1.5bn euros in Romania

Immoeast, the most active investment fund in Romania, will invest 1.5 billion euros on the Romanian real estate market within the next two years. "The volume of Immoeast investments in Romania could reach 25% of the total 6 billion-euro investment programme started on January 1, 2007. Over the coming period, the focus of investments will shift from Central and Eastern Europe to South-Eastern Europe and implicitly to Romania, the largest market in the area," Hubert Ralph Griessnig, representative of Constantia Privatbank, the bank that provides funding for investments of the Immoeast group, told ZF. Immoeast currently operates projects covering 2.1 million square metres, among the most important being S-Park, Iride Business Park, Polus Center in Cluj, and Polus Center in Constanta.
"Over the next few years, Immoeast intends to develop a regional network of shopping centres in countries that have recently joined the European Union, such as Romania. The retail sector is currently very profitable due to higher standards of living and to the constant increase in consumption," explained Griessnig.
Source: Ready2Invest

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