Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna August 2009.
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The rate of non-performing loans (NPL) could reach its maximum at the beginning of 2010, given that for the following six months there are few signs of improvement on the market, declared the...
The strong contraction of Romania's economy will lead to a cut of the benchmark rate to 8.5 percent during the central lender's monetary policy session on August 4, following the...
Romania's leasing market reduced 75-80 percent in the first six months, mainly owing to a steep drop of vehicle sales, the general secretary of Romania's leasing companies association...
Total expenses of the general consolidated budget climbed 5.6 percent in the first six months compared to the similar period last year, to 91.66 billion lei, while total revenues declined 5.1...
The review carried by IMF of Romania’s progress in meeting the loan condition has already resulted in drastic decisions aimed at reducing the number of public sector workers by 20%.
BRD SocGen, Romania’s second largest bank has reported first-half after-tax profit of 425 million lei (100.47 million euro), down 17.4% from prior year period.
The tests of Lugovaya-1 well confirm gas and oil accumulations, and the production is of approximately 6,500 boe/day.
The number of Visa card transactions increased by 14% in April-June 2009 year-on-year, up to 1.75 billion, the debit cards becoming a common payment tool among cardholders.
Walt Disney Company has scheduled for September 19 the official launch in Romania of the kid-driven family channel Disney Channel, resulted after re-branding Jetix channel.
The National Bank of Romania posted today a benchmark exchange rate of 4.2116 lei per euro, down 0.03 percent on the previous session, in line with the evolution of other regional currencies,...
Romania’s Fx reserves under National Bank of Romania’s management have increased in July by 860 million euro (3.25%), up to 27.326 bn euro, after a slight decline a month earlier, data...
Gabriel Sandu (34) founder and former managing director of mobile phone retailer GSM Proton, acquired last year by Vodafone Romania, said he planned to invest five million euros in Asian stock...
Orange, Romania’s largest mobile telecommunication company has entered into a strategic relationship with local online retailer eMag, Orange announced.
Besim Jawad, Fabien Lecoq and Phil Jones are the three top expatriate executives in Romanian private pension system. Wall-Street presents their first impression of a maturing market and how their...
Catalin Savulescu has resigned on Friday as managing director of Panasonic Romania after more than 11 years with the local subsidiary of the Nippon electronics manufacturer.
Sport utility vehicles were the most popular cars with Romanian consumers before crisis. However after first six months, the market dropped 40% year-on-year, with only 5,612 SUVs sold.
Dora Strezova has been appointed as marketing head of Danone Romania, after ten years with the food-product company.
The National Bank of Romania cut the monetary policy rate by 0.5pp in today’s rate setting session, from 9% to 8.5%, thus meeting expectations of analysts polled by Wall-Street.
The benchmark exchange rate posted today by the National Bank of Romania eased 0.05 percent to 4.2096 lei per euro, on a calm market with few transactions, pending the monetary policy decision, as...
Alexandra Gatej, appointed early July as adviser to the president of Domestic and International Business Department within the Presidential Administration, had been receiving a monthly compensation...
Autoklass, Mercedes-Benz authorized sales and service opened a new unit in Ploiesti that required an investment of 3 million euros.
US-based drug maker Eli Lilly has appointed Arnoldas Doviltis to head the company’s operations in Romania, thus replacing Radu Rasinaru who resigned in June.
UniCredit Tiriac Bank reported an after-tax profit of 181 million lei (42.8 million euros) in the first half, up 2 percent from year-ago half, based on the International Financial Reporting...
The National Bank of Romania lowered the monetary policy rate to 8.5% per annum, reduced the required reserve ratio for fx-denominated liabilities to 30%, and reduced the maturity of the...
The fall in crude oil prices and dwindling sales have crippled Petrom’s half-year profit, to 923 million lei, down 45% year-on-year. However, second-quarter results topped expectations.
The total number of participants to Pillar III voluntary private funded accounts exceeded 173,000 at the end of July, 3,500 more than at mid-year, and 22,000 more compared to the beginning of the...
Nova Imobiliare, held by a number of UK investors, has sealed the contract with the construction company Bouygues, in order to start the works for Colosseum project that will be located in Chitila...
Romanian national currency, depreciated 0.07 percent at the benchmark exchange rate settled by the National Bank of Romania at 4.2124 lei per euro, on an apathetic market, with low volatility and...
CEC Bank recorded a pre-tax profit of 19 million lei (4.5 million euros) in the first half, down 40.6 percent from year-ago period, following a 51 percent hike in provisions, the bank announced.
The super-premium beer segment in Romania dropped 6-7% in first half this year, due to the poor economic conditions, according to Grant McKenzie, marketing vicepresident of Ursus Breweries , brewer...
Insurance company Generali Asigurari increased the total volume of gross premiums written (GPW) by 15.5 percent in the first six months to 245 million lei, on higher general insurance, the company...
The number of visitors in Orange shops increased by 117% on July 31, the day the new iPhone 3GS had its official launch.
After more than a month since the “First Home” scheme should have kicked off, the 19 lenders who made public their participation in the scheme haven’t yet signed all the required...
The collapse of the car industry and consumers’ reassessment of their gadget habits has led to a decline in sales of navigation systems and smartphones with built-in GPS.
National Bank of Romania has revised its forecast inflation range for year-end, to 4.3% from 4.4%, reads the quarterly report on inflation, presented by the governor of central bank, Mugur Isarescu.
The total assets of the 43 commercial banks in Romania amounted to 328.89 bn lei (78.2 bn euros) at the end of June, up 4.6% from end-2008, down 1% from end-March, according to data provided by...
The economic environment is likely to make 2009 and 2010 difficult years, leading to significantly higher credit losses and much lower profitability, in the Romanian banking system, according to a...
Romania's national currency, the leu, inched 0.06 percent versus the euro according to the benchmark exchange rate settled by the National Bank of Romania at 4.2098, on a calm market, with a...
Soft-drink maker, Coca Cola Hellenic reported second-quarter sales down 5% for its operations in Romania in Bulgaria, on depressed economic environment and reduced consumer spending in the more...
Cosmote, Romania’s largest mobile telecommunication company reported first-half revenues of 203.1 million euros, up 73.9% compared to year-ago period.