Arhiva Wall-Street - luna Aprilie 2010 - English-Version

Why do Romanians love Cyprus?
1 Aprilie 2010
Journalism graduate, waitress in Cyprus The moment you step off the plane, on Hermes Airport in Larnaca, you can see that for Cypriots, attracting foreign tourists is almost a credo – you can see people dangling their keys offering lodging in...

EBRD lends BCR €10 million to finance energy efficiency investments
1 Aprilie 2010
The loan will be used by the Romanian bank for on-lending to private companies seeking to improve energy efficiency. The loan is supplementing a similar €20 million credit line offered by the EBRD to BCR in 2008. The credit facility is part of...

Colin Egan: Marketing people are desperate
1 Aprilie 2010
The moment he got off the plane in Romania, he went to a supermarket, a common practice when he travels abroad, the Irish-born professor Colin Egan (photo) said. “I have noticed that Romanians spend around 5 seconds to choose a product. This...

Georgia backs Nabucco pipeline
1 Aprilie 2010
Should the Azerbaijan-Georgia-Romania supply route plan take shape, the gas from Azerbaijan would be transported to Constanta. During Romanian minister’s official visit to Georgia, he met with the president of the country Mihail Saakasvili,...

Dragulin, NBR: There is a risk of spillover among countries
1 Aprilie 2010
He said that Romania is very important for the countries in the region, as the shortfalls contained in a Romanian bank’s balance sheet could set off chain reactions across the region, via parent bank’s global operations. “Common...

€10 million in a new wind plant in Oravita
1 Aprilie 2010
“The wind plant should go into operation in October this year. We have all the necessary authorizations”, said Lucian Perescu. The wind plant will boast six turbines that will generate 1.5 megawatts each. The company will organize a pitch...

Midday Forex: Leu loses ground to euro
1 Aprilie 2010
For the US dollar, the central bank set a reference rate of 3.0422 lei/dollar, up 0.63% from Tuesday.

IMF calls for measures to combat tax evasion
1 Aprilie 2010
“We discussed about possible means to raise state revenues by combating tax evasion. IMF said the country has made visible progress in this regard. We have also discussed several aspects of the laws that should be enacted before the next IMF...

Social site’s gaming app, the new malware venue?
1 Aprilie 2010
Social entertainment applications require users to gather a considerable number of friends and supporters to play the same game, leading to player-development of social gaming channels, groups and fan pages to facilitate player interaction. According...

bpv Grigorescu represented EvoBus and BRD in public procurement trial
1 Aprilie 2010
Timisoara Transportation Company initiated a public procurement procedure for the supply and maintenance of busses and coach-busses for an estimated value of €11.20 million. The contract was awarded to the consortium EvoBus – BRD Sogelease,...

BSE stocks post modest losses
1 Aprilie 2010
The total trading value at the Bucharest Stock Exchange plummeted 81% to 19.22 million lei (€4.69 million) from 104.39 million lei yesterday. Trades with state securities totaled 108 million lei. BET index that gauges the performance of ten most...

Top electric cars by price
2 Aprilie 2010
A number of car manufacturers holding tests for their new electric cars to be rolled out (Volvo, Mini, Renault, Tesla, Nissan, Mitsubishi, Citroen, Geely, Shelby, SuperCars and Smart), but few are those who put a price tag on their battery-powered...

Midday Forex: Leu stays weak
2 Aprilie 2010
For the US dollar, the central bank set a reference rate of 3.0440 lei/dollar, up 0.06% from yesterday.

Coface to spend €25,000 on management coaching
2 Aprilie 2010
“I took the courses of an EMBA INSEAD, and most of them were referring to the development of leadership. And I wanted to bring these information in the company, by putting in place a coaching and leadership program,” said Cristian Ionescu,...

NBR’s FX coffers at all-time high
2 Aprilie 2010
The European Commission unlocked the €1 billion tranche to Romania, while the treasury placed €1 billion five-year Eurobonds on external markets, at a coupon rate of 5%. In March, inflows to the central bank’s reserves totaled...

Adevarul Holding CEO steps down, Peter Imre takes over
2 Aprilie 2010
Adevarul Holding confirmed the news appeared this morning on Reportervirtual.ro and Paginademedia.ro in a press release. “Yesterday (e.n March 31), Mr. Razvan Corneteanu announced his decision to pursue other opportunities outside Adevarul...

BSE indices close higher
2 Aprilie 2010
The number of initial jobless claims for the week ending March 25 came in 6,000 below a week earlier, to 439,000, according to Bloomberg, data pointing to a recovery in USA job market. The total trading value at the stock market rose Thursday to 31.28...

Profile: Hahaianu, Teletrans: I’m not shopping online. I still prefer the old-fashioned way
6 Aprilie 2010
Find out what are the high-tech habits and preferences of Horia Hahaianu, chief executive director of telecom company Teletrans.

Top 10 best performing stocks at BSE in March
6 Aprilie 2010
Stocks at the Bucharest Stock Exchange has a strong spring start this year, except for a minimal decline at five companies. Wall-Street compiled a list of ten stocks by their March performance.

Midday Forex: Leu gets modest lift from peers
6 Aprilie 2010
For the US dollar, the central bank set a reference rate of 3.0292 lei/dollar, down 0.49% from yesterday.

INTERVIEW - Fabrice Demarigny, Mazars: SME are the future of the EU economy
6 Aprilie 2010
Wall-Street: Why, in your opinion, SMILEs are so important to the equity markets? Fabrice Demarigny: A study published by the European Commission, has measured the impact of the EU Directives on the Initial Public Offering (IPO) market. One of the...

NetMedia buys Romanian online travel websites
7 Aprilie 2010
The deal is NetMedia’s first ever global acquisition, the Poland-based company said in a release. The Polish company with revenues of €30 million and an annual growth of 7210% came out first in Deloitte’s Central European ranking of...

Renault, Dacia make return to the Cabriolet, Coupe and SUV Show
7 Aprilie 2010
The auto show will take place between April 9 and 11. Dacia Duster has a starting price of €11,900 for the 4x2 version and €13,900 for the 4x4 version. The new roadster coupe Renault Wind based on Twingo, is powered by two petrol engines,...

Carpatair adds 4 new flights to Italy
7 Aprilie 2010
By adding new direct flights from Bucharest, Carpatair is strengthening its leading position in Romania and in the region. The company has the highest frequency of weekly flights (158 flights) and flies to nine destinations in Italy. “By adding...

PwC: Small but plentiful acquisitions in power deal-making
7 Aprilie 2010
The overall market for power deal activity remained relatively buoyant, with the number of electricity and gas deals only 10% down in the main non-renewables power deal sector despite the more constrained financial and uncertain economic climate. Only...

Petrom to move into renewable energy market in 2011
7 Aprilie 2010
“For the time being, we’re looking at a number of renewable power generation technologies, and make a decision according to what the market offers. Anyway, in 2011 we will be ready to produce electricity at our plant in Brazi”, Petrom...

Air France and KLM launch joint corporate loyalty program
7 Aprilie 2010
For the time being, both airlines have had their own rewards program for this segment. Companies that enroll in the loyalty program collect Blue Credits every time their employees travel with Air France or KLM. Blue Credits are valid between 24 and 36...

Leu gained 3.4% against euro in first quarter
7 Aprilie 2010
The national currency rose 3.44% in the first three months this year, from 4.2258 lei/euro to 4.0803 lei/euro, according to X-Trade Brokers platform quotes. The ruble scored the biggest gain versus the single European currency, that made a bold 8.07%...

Financial investment companies slump 3.5% in broad sell-off
7 Aprilie 2010
The massive sell-off has also led to a considerable increase in total trade value, to 50.32 million lei (€12.26 million), from 18.68 million lei (€4.55 million) on Friday. “There were no major events today that could push stock prices...

Trend Consult’s revenues return to pre-crisis levels
7 Aprilie 2010
Compared to the first quarter of 2009, Trend Consult’s revenues for the three months period ending March 31 climbed 30%. “Even though the beginning of the year was and it still is very challenging at least until our customers’...

Midday Forex: Leu grows slightly
7 Aprilie 2010
For the US dollar, the central bank set a reference rate of 3.0550 lei/US dollar, 0.85% higher than Friday’s rate.

5 mall-marketing traps to avoid
8 Aprilie 2010
Owners of Romania’s shopping centers place blame for the drop in sales on the decline in traffic, while retailers on weak marketing. Dan Cirstea, chief executive of United ad agency told Wall-Street what are five traps mall owners should avoid in...

M&A activity grows to €178 million
8 Aprilie 2010
25 deals were announced in the three months ending March 31, up 79% more than the same period of last year when only 14 transactions were announced. “Broken down by target industry, diversified services and manufacturing lead the chart with five...

Vodafone unveils new Twitter text service
8 Aprilie 2010
Customers of the second largest mobile telecom carrier will be able to receive notifications from certain persons they follow on Twitter and request that text updates be switched off between certain hours. The mobile Vodafone Internet service will...

February retail trade turnover plunge 8%
8 Aprilie 2010
Indicators don’t cover vehicles and motorcycles sales and are adjusted for working days and seasonal effects. In gross series, the retail trade shrank 8.1% year-on-year. In January, the retail trade fell by seasonally-adjusted 10.3% YoY. In the...

Fewer foreign tourists in Romania
8 Aprilie 2010
EU-25 tourists accounted for about 64.6% of all inbound tourists. Hungarian tourists accounted for 44.1%, from Bulgaria – 17.0%, Italy – 7.5%, Germany – 7.2% and Austria – 3.9%. The number of seaborne tourists suffered the...

Romtelecom and Cosmote change corporate subscription plan
8 Aprilie 2010
“We are now coming on the market with an improved proposition for Convergent, for a price which is at least 30% lower. This product already enjoyed the interest of a significant number from our customers and we are confident that this new offer...

Antibiotice’s Q1 revenues grow 4.5%
8 Aprilie 2010
“The achievement of over 13 million lei pre-tax profit is attributed to the strong sales and revenues coupled with an austere company-wide cost-containment program”, the drug maker said. In the first quarter 2009, the company posted...

Midday Forex: Leu’s mild rebound continues
8 Aprilie 2010
For the US dollar, the central bank set a reference rate of 3.0567 lei/US dollar, up 0.06% from yesterday.

Bosch navigation system engineered for eco-friendly driving
8 Aprilie 2010
Bosch already supplies a system for several vehicles in the Nissan model range that takes ecological and economical aspects into account when selecting the best possible route. In the future, it will also be possible to analyze vehicle- and...

BSE stocks post strong gains
8 Aprilie 2010
The liquidity at the Bucharest equity market remained high today, at 43.63 million lei (€10.67 million), from 50.32 million lei (€12.26 million). BET index that gauges the performance of the ten most actively traded stocks at BSE climbed...

Budget revenues of 35 bn lei, meets IMF target
9 Aprilie 2010
“Romania has achieved the first-quarter budget deficit target agreed with IMF, as revenue collections exceeded 35 billion lei and nears 36 billion lei, and expenditures came in below expectations, according to preliminary data centralized earlier...

Number of jobless reaches 7-year high
9 Aprilie 2010
At the end of February, 762,375 were unemployed, and the jobless rate was 8.3%, according to ANOFM. The number of people receiving jobless benefits rose in March for the 21st straight month to a level untouched since March 2003, when 779,154 were...

Fondul Proprietatea, likely to go public on the BSE’s alternative trading
9 Aprilie 2010
“The prelisting on the new market section of the alternative trading system will be made as soon as CAN gets RNSC approval”, said Dumitru. She said that the tax levied on this market and consequently on trades with Fondul Proproietatea...

How much is a Facebook campaign?
9 Aprilie 2010
Advertisers with the biggest social media marketing budget are companies in FMCG, telecom, banking, IT and e-commerce. For the time being, the network hosts over 400 million users worldwide, and around 1 million in Romania. The number of Facebook...

Exclusion of Roma incurs annual loss of €1 bn
9 Aprilie 2010
Lower bound estimates of annual productivity losses range from €231 million in Serbia, €367 million in the Czech Republic, €526 million in Bulgaria to €887 million in Romania. These costs are lower bounds based on official...

Midday Forex: Leu slumps vs. euro
9 Aprilie 2010
The exchange rate grew steadily in the interbank market today in the morning trades, from 4.0940 to 4.1160 lei/euro. For the US dollar, the central bank set a reference rate of 3.0897 lei/dollar, up 1.08% from Wednesday.

FIC sector gives up 3%
9 Aprilie 2010
According to US labor department, the number of jobless claims rose unexpectedly last week, a rise that could reflect the seasonal volatility before Easter. At the equity markets in Bucharest, total trading value dropped to 27.03 million lei...

What do Disney, Apple and James Cameron have in common?
13 Aprilie 2010
Wall-Street: What is your definition of the term "customer experience design"? Mike Wittenstein: Customer experience has four definitions, depending on how you want to use it. 1. As a perspective customer experience includes what we do...

Fuel prices push annual inflation rate to 4.2%
13 Aprilie 2010
However, the lowering services, food and non-food prices due to the appreciation of the national currency managed to offset the rising petrol prices. Compared to a month earlier, consumer prices increased in March by 0.22%, while services dropped...

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