Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Noiembrie 2008.
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BNR decided to cut the required reserve ratio for leucurrency liabilities, for the first time since 2005 and maintained the benchmark lending rate for the second successive month, at 10.25%.
Financial crisis will lead to consolidation of many sectors in Romania, such as pharmaceutical, construction and financial services, and well prepared advisory companies will have the opportunity...
Orange Romania, the biggest mobile telephony operator on Romanian market, reported an 8% hike on year-to-date earnings, whereas the growth was at slower pace, on a communication market which will...
Global financial crisis has already spawned major fatalities worldwide and affected thousands investors who watched their portfolios shrinking drastically. In Romania, the first manifestation was...
Crude oil dropped to 65 US dollars/barrel low from 147.27 dollars/barrel, level peaked in July last year, The evolution of crude oil unfolds to the downside path of the market in the past three...
Even if the real estate market in Romania started to feel the global economic woes, the status is not yet well-shaped in DIY retailers’ sales, said Isabelle Plecka, managing director with...
Global financial crisis, setback of government lending advance as effect of the crisis and restricted conditions enforced by NBR will emphasize the pivotal role of specialized advisory in choosing...
With just few days before the American presidential elections, things seem to be already decided: without hesitating, investors on Wall Street are betting on a win for democrat Barack Obma, but...
ING Bank denied the allegation appeared in media reports on speculations in the monetary market on an assumptive agreement between several lenders designed to change interests in the Romanian banks...
Chief Executive Officer of Petrom, Mariana Gheorghe stated today at “Environment and Energy” roundtable organized by Business Standard daily, that Romania must stimulate the development...
Recently launched in the domestic e-commerce landscape, mobile.ro held by the online auction and shopping website aims at having 1,200 signed up dealers in 2009 out of 4,000 existent players.
In a normal economy, the branding is “the cherry on top” of the marketing strategies and communication recipes. In times of crisis, the cherry is the first one removed, in case the...
Persons inside the companies floated at the regulated market of Bucharest Stock Exchange conducted purchases worth 15 million lei in October. On top of insiders’ favorite were FIC5 –...
Commercial banks will continue granting loans, especially in national currency, however lenders that focused on loans in foreign currency are likely to experience certain problems, said Mugur...
Biggest GSM retailers on Romanian market don’t feel the shivers of financial crisis, but face mounting sales and a fast-paced consolidation of the sector.
K Tech Electronics, Romanian IT distributor and retailer reported 78 million US dollars turnover in first nine months, up 25% from a year ago.
Czech carmaker, Skoda Auto, part of Volkswagen Group said on Tuesday it planned to cut production by yearend namely an output reduced by 31,000 units, in the context of ebbing demand.
Raiffeisen Zentralbank (RZB) will be the second bank in Austria to request capital injection from the government, Austrian newspaper Die Presse reported.
Putting off or even aborting the construction of a commercial center, retailers who keep their businesses in stand-by mode, retailers’ failure in funding projects are only a few of the...
At the end of one year of crisis in the global economy and one month before the MP elections, leaders of main political parties and figureheads in the business landscape don’t have a common...
Carmel Investment Group (CIG) froze the euro/leu exchange rate at 3.5 for clients of Green Vista residential project, located in Northern Bucharest that encloses 229 apartments.
Payment of dividends made by companies floated at the equity market to its shareholder members has always been a source of profit, not very high, especially for long-term investors who keep the...
The mission of the new president of United States is not easy. The enthusiasm of his victory will pass by and will remain with the task of finding the most effective solutions to shore up the...
Vodafone Romania, Romania’s second largest mobile carrier in terms of revenues and number of users, estimates that the effects of the financial crisis on the telecom market will be lower...
Car parts suppliers of Mercedes plant in Kesckemet are likely to come in Romania, as from logistic standpoint, we are very close to the future location of German carmaker’s plant in Hungary,...
The financial crisis has caused all real estate investment funds to reassess their market strategy, many of them temporarily shutting down activities. Blake Horsley, the first expat in Colliers...
Michael Lloyd, a sixteen-year veteran of Romania, has relinquished his responsibilities as managing partner of Baneasa Project and decided to establish his own management company of some investment...
Primaverii – Dorobanti is on of the best and priciest areas of Bucharest, the average monthly rent for houses hovering between 4,000 and 1,000 euros or 2,000 euros and 6,000 euros/month in...
UPC Romania, Romania’s third largest landline operator, reported a 6% fall in number of subscribers for TV services, however the loss was wiped out by the growth on telephony and internet...
Large five-star hotels in Bucharest seem to have found the perfect recipe for the comfort and refined tastes of their guests: foreign chefs, with proven experience in large hotels abroad. After a...
Volume of construction activities rose 31% in first nine months, compared to last year in all types of constructions, respectively non-residential, residential buildings and civil engineering...
Although most specialists see a 3.65 – 3.68lei/euro band for the end of this year, opinions differ, without excluding the possibility of a 4lei/euro level, especially for beginning of 2009....
Petrom reported net profit of 2.29 billion lei profit for first nine-month, up 48% from last year, despite ever-growing macroeconomic crisis and large provisions for Apechim refinery.
United Romanian Breweries Bereprod (URBB), one of the main domestic craft breweries, is currently reassessing short-term investments and projects in order to adjust to market conditions and demand,...
Leaders of Automobile Dacia’s trade union prepare to file a lawsuit against Leoni Mioveni, the car wiring manufacturer, after the board of the company decided on Tuesday, November 4 to layoff...
The myth that Wall Street-based Romanians return in their home country because of the financial crisis is belied by Tony A. Romani.
Media groups and companies Gazeta Online, Intact Media Group, InternetCorp., MediaPro Interactiv, Pro TV and Realitatea have conjunctly decided to give the review of the online activity conducted...
Nova Trade, the majority shareholder of Astra says it will resort to legal actions, as Uniqa has allegedly breached obligations stipulated in the contract with the company, through the takeover of...
Although there are already visible negative effects in the economic landscape, triggered by financial crisis, in the business online environment, the actual economic climate is not making any...
The partnership of the two low-cost airline companies SkyEurope and MyAir forecasts it will exceed 1 million passengers in Romania within one year, said managing director of MyAir in Romania,...