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

Panasonic hopes to capture 15% of digital photo camera market
1 Iunie 2010
Company officials said 2010 would be a difficult year that could see the market stagnating. “After 21% decline in digital photo camera market, we expect sales to be much as last year in this segment”, said Bogdan Gheorghiu, marketing...

Government passes crackdown on tax evasion
1 Iunie 2010
According to minister of finance Sebastian Vladescu, the emergency ordinance aims at tightening control on inbound shipments of goods with high risk of evasion which involves “the switch to specific color” and the payment of VAT and other...

Interior design companies can apply to EU Gateway to enter Japan
1 Iunie 2010
The deadline for submitting applications is June 25, 2010 and the economic mission is scheduled for October 25-29, 2010. Since the beginning of the program, in the 14 economic missions carried so far, 14 Romanian companies were selected. Romania is...

Austerity laws force Government to assume liability to the Government
1 Iunie 2010
“Either the Government remains committed to these laws or it is sacked and these laws are not enacted”, said the prime minister. The first law draft envisages the reduction in public spending by cutting public wages, pensions and social...

Unirea Shopping Center’s first-quarter profit doubles
1 Iunie 2010
In the first quarter 2009, Unirea Shopping Center posted a net profit of 3.45 million lei and turnover of 24.15 million lei. The company’s turnover dropped 8% in Jan-Mar 2010 to 22.24 million lei (€5.4 million). Revenues rose 5% to 25.95...

Raiffeisen International’s assets in Romania and Moldova fall 4.9%
1 Iunie 2010
Raiffeisen’s number of outlets declined to 542 in the first quarter this year, from 562 in the same period of last year. Raiffeisen has also lowered staffing level, to 6,039 headcount in the first quarter from 6,762 in the same period of 2009....

Danone Romania CEO predicts 5-10% growth in volume
1 Iunie 2010
Danone Romania’s 2009 turnover grew 3% to 453 million lei, while profit margin dropped 1% to 7%. The company holds a market share of 50% in fresh dairy products (yoghurt, buttermilk, kefir, skim milk, sour cream and deserts), and 60% in yoghurt...

Metro workers begin strike on June 1
1 Iunie 2010
“At the request of the organizers of Children’s Day event in Constitution Square, we have decided to reduce the time frame”, said Radoi, as quoted by NewsIn.

Aviva Romania names new chief executive
1 Iunie 2010
Prior to joining Aviva, Mihai Popescu (photo) served as marketing and sales director of Alico Insurances (former AIG Life). He replaces Shah Rouf, who left his post at Aviva Romania in February 2010 to take up the CEO responsibilities at Aviva Sri...

Seitan: Public wages could fall 30-50% next year
1 Iunie 2010
“Public wages could drop in 2011 as well, even by 70% if we don’t take these measures now. If the austerity measures fail, the government collapses”, said Seitan as quoted by NewsIn. The Minister of Labor said that in order to meet...

XTB: Euro crisis hurts other currencies in the region
1 Iunie 2010
“The global fears that Europe’s debt woes could spill over elsewhere that has triggered a severe decline of the euro currency are already dampening most of the currencies across Europe, excepting – for the moment – the pound,...

Power Net Consulting teams up with Dell
1 Iunie 2010
The contract, effective from April this year, will allow the integrator make direct acquisitions from Dell for the entire commercial products lineup of the company (enterprise, SMB). The future development of the company’s relation with Dell...

Midday Forex: EUR/RON up to 4.17
1 Iunie 2010
At the end of last week, the central bank set a reference rate of 4.1623 lei/euro. For the U.S dollar, NBR set a reference rate of 3.3984 lei/dollar, up 1.32% from 3.3541 lei/dollar on Friday. In the monetary market, short-term interests remain below...

Top 10 best performing shopping centers
1 Iunie 2010
Colliers surveyed around 150 retailers in Romania with large commercial networks. “As expected there is a close battle for the top shopping center in terms of sales performance between Bucharest Mall and Unirea Shopping Center . Regardless of...

Holcim Romania appoints ex-World Bank specialist as marketing director
1 Iunie 2010
He will succeed Francois Laporte who was promoted to chief commercial officer Aggregates at Holcim in France. Papazov began his career at Holcim Bulgaria in 2000 as manager assistant and later on promoted to business development manager. Since 2002,...

BET index loses 1%
1 Iunie 2010
The total trade value at the equity market fell by almost three times to 13.14 million lei (€3.14 million). BET index that gauges the performance of the ten most actively traded stocks at BSE fell 0.81% to 4,935.05 points, while composite BET-C...

Petrom starts gas supply as part of Hurezani project
2 Iunie 2010
“The first gas delivery in the system took place on May 29 and will be followed by a period of around 100 hours of testing and adjustments Continuous delivery in the national network is estimated to start in the beginning of June 2010....

Valentin Ionescu: Financial markets in 2010 to be much as in 2008
2 Iunie 2010
Overall, this year doesn’t seem to be any better, and even 2-3 weeks of calm in July-August would be an “act of God”, said Valentin Ionescu. The last week recovery was short-lived, it was only a rift in the downward trend, the...

Shareholders of EnergoNuclear talk new equity sharing arrangement
2 Iunie 2010
“We are holding a round of talks on the ownership structure of the company, but there is no document in this regard. We haven’t received any official note from the Government on his position on this matter. We, investors, want to know the...

UNTRR calls on authorities to implement Info Traffic systems in cars
2 Iunie 2010
“Considering that Info Traffic systems are available across EU nations, UNTRR is thus calling on Romanian authorities to ensure a smooth implementation of the in-car Info Traffic system in Romania”. Carriers said the European Info Traffic...

Hodlmayr to ship 56,000 Dacia cars across the borders
2 Iunie 2010
A part of the cars will be shipped to overseas department through Antwerp, Zeebrugge and Amsterdam seaports. Of total 56,000 shipments, 27,000 will be shipped by rail, as it reduces transit time and is a environmentally friendly alternative....

Croatia could be left out of the PEOP Constanta-Trieste oil link project
2 Iunie 2010
“Each shareholder of the project has paid its share in the project, except Croatia. Every country has to pay £70,000, a financial obligation that Romania has already met (through Oil Terminal Constanta and Conpet) as well as Serbia (through...

Mitsubishi announces car scrap scheme pricing for ASX crossover
2 Iunie 2010
ASX will be available for orders starting from €13,290 (VAT included and three vouchers) for the Inform 2WD version, powered by a Euro-5 compliant 1.6liters engine that produces 115HP. The model marks the debut of a new diesel lineup, DOHC 16v...

Norwegian fund Romania Invest pays €2 mn for 30 apartments in Brasov
2 Iunie 2010
Negotiation talks for the 30 apartments build by Adama in Brasov opened in September 2009, the deal being closed after six months, in February. The value of the deal is estimated at €2 million according to Romania Invest. Evocasa Viva (photo)...

Midday Forex: Leu hits record low against greenback
2 Iunie 2010
For the U.S dollar, the central bank set a reference rate of 3.4544, up 1.65% from 3.3984 lei/dollar. The leu has thus fallen to the lowest level against its U.S peer since November 11, 2003, when a dollar was traded for 3.4756 lei. In the monetary...

Real names ex-Carrefour senior director as food purchasing manager
2 Iunie 2010
Thierry Guillon-Verne (photo) will succeed Kurt Kamp who served in this post for only one year and a half. “With an extensive management experience in the retail industry, of over 19 years, 10 of which spent in Asia (Korea, Malaysia,...

SIFs drop 2.47%
2 Iunie 2010
The total trade value at the equity market fell slightly to 11.79 million lei (€2.81 million). BET index of the 10 most actively traded stocks at BSE dropped 1.82% to 4,845.35 points, while the composite BET-C gave up 1.60% and closed at...

BSE to list shares in a week
2 Iunie 2010
After getting the BSE Council approval for the operation, the actual listing of the institution’s shares is only one week away. However, the institution will not go public through an IPO, but a secondary sale offering, which will enable the...

Mamaia sea resort goes 360 degrees
2 Iunie 2010
The www.mamaia360.ro represents the exclusively private investment of IPIX Romania. According to the company, the investment is at around €450,000 and will stretch on a three-year period (2007-2010). It comprises 30 hotels in Mamaia sea resort...

Doosan IMGB expects €100 mn revenues for 2010
2 Iunie 2010
The company announced recently the delivery of the first shell due to a nuclear power plant currently under construction in the Republic of Korea, in a series of many such components, as the company will in the future roll them out on a continuous...

Interview with the Romanian entrepreneur awarded at Brussels
3 Iunie 2010
The Romanian company builds timber frame houses, also known in Romania as American or Canadian houses, log homes, garden rooms, exhibition spaces, barn conversions, playground for children and others. The design of the timber frame house is...

Top 10 most attractive European countries to investors
3 Iunie 2010
In 2009, Romania recorded a significant drop in the number of investment projects (-48%) and in the number of jobs created (-44%). Europe’s economic powerhouses have coped pretty well in terms of their capacity to attract foreign direct...

Minister of Foreign Affairs talks energy projects with Clinton
3 Iunie 2010
The Romanian Minister said at the press briefing at the State Department that talks with his U.S counterpart also addressed the recent developments of the Black Sea region in the “close vicinity of European Union”. The two officials...

Pintilie insurance broker launches home insurance price index
3 Iunie 2010
The website provides quotes from nine insurers in Romania, namely Allianz Tiriac, Astra, Ardaf, BCR Asigurari, Euroins, Generali, Groupama, Omniasig and Uniqa. “We’ve had several customers who expressed their need to obtain home insurance...

Cosmos Mobile gains market share for Cosmote’s prepaid services
3 Iunie 2010
By the end of 2010, Cosmos Mobile aims at capturing a market share of 27% for prepaid services and attracting 55,000 monthly additions. Cosmos Mobile network covers 7,500 retail points, more than half of the selling points eligible for prepaid...

Adobe, the primary target for hackers
3 Iunie 2010
Among the many varieties of exploit that were detected, the Exploit.Win32.Pdfka family with 42.97% was by far the most popular. This exploit takes advantages of vulnerabilities in Adobe Reader and Adobe Acrobat. When added together, two families of...

Bucharest Stock Exchange doubles profit in Q1
3 Iunie 2010
In Jan-Mar 2009 period, the institution’s profit was 1.23 million, while revenues stood at 2.27 million lei. The market operator’s turnover doubled to 4.44 million lei, while revenues grew to 6.09 million lei. First-quarter expenditures...

Petrom pumps €800 million in Exploration & Production
3 Iunie 2010
“In 2009, OMV Petrom invested around one billion euro of which 60% went to Exploration and Production line. In 2010 and 2011, we plan on boosting investments in E&P. For us, tapping mature fields, as well as the reduction of pressure in...

Cosmote reports 30% growth in corporate customer base
3 Iunie 2010
Cosmote’s customers are Alpha Bank, Altex Romania, ANCOM, Banca Romaneasca, Civitas PSG, Marfin Bank, Marfin Leasing Romania, Raiffeisen Bank and ZTE, among others. “Expanding our business customer base remains a top priority for COSMOTE...

Midday Forex: Leu gets modest lift
3 Iunie 2010
On Tuesday, the central bank set a reference rate of 4.1910 lei/euro. For the U.S dollar, the central bank set a reference rate of 3.4116 lei/dollar, 1.24% higher than Tuesday rate of 3.4544 lei/dollar. In the monetary market, short term interests...

European Commission: more competition in telecom market but no Single Market
3 Iunie 2010
The increase in competition can be attributed the Commission's guidance in the consultation and review process known as the 'Article 7 procedure', whereby national telecoms regulators inform the Commission in advance of their plans to...

Ad market data point to further slide
3 Iunie 2010
Advertisers will keep spending more on TV advertising this year, most likely €209 million versus €222 million in 2009. Print advertising spend could fall 27% in 2010 on a like-for-like basis, to €27 million, while the radio is set to...

Patriciu continues expansion, opens two more Mic.ro stores
3 Iunie 2010
One of the two units will be located on Fainari street, at no. 170, and the other one on Foisorului Street, at no 107A-109, said Mic.ro Retail company held by Amsterdam-registered Mercadia Holland. No more than one week ago, the company held by Dinu...

SIFs move 1.32% higher
3 Iunie 2010
The total trade value at the equity market dropped to 10.29 million lei today (€2.46 million). BET index that gauges the performance of the ten most actively traded stocks at BSE rose 1.01% to 4,894.32 points, while composite BET-C closed...

Romanian companies demand more tax breaks for green investment, survey finds
3 Iunie 2010
The survey revealed that 85% of Romanian companies surveyed said they would invest in eco-friendly technologies, if the government provided tax breaks. Around 40% of the companies surveyed actually measure their emissions and around 13% have...

Romania’s first-quarter GDP drops 2.6%
4 Iunie 2010
Industry was the only component to record an increase in activity, of 4.2%. Gross Domestic Product estimated for first quarter 2010 stood at 96.707 billion lei (€23.5 billion), down 2.6% from the first quarter 2009, INF data show. Construction...

April retail trade turnover drops 5.2%
4 Iunie 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 5.7% year-on-year. In March, the retail trade fell by seasonally-adjusted 4.8% YoY. In the...

American investors: Regulations in energy and environment should continue
4 Iunie 2010
The current financial crisis should not determine the delaying or softening of the regulations regarding energy market development, emissions reduction and increased use of the renewable energy resources, the American Chamber of Commerce in Romania...

Bergenbier CEO: 40% decline in beer sales after wage cut announcement
4 Iunie 2010
“Government’s announcement of wage-cutting measures on a Friday night, has been immediately reflected in the following week’s numbers, namely 40% drop in sales. We have a very clear image on the consumer’s mindset and attitudes,...

Midday Forex: EUR/RON up slightly
4 Iunie 2010
On Wednesday, the central bank set a reference rate of 4.1835 lei/euro. For the U.S. dollar, NBR set a reference rate of 3.4072 lei/dollar, down by 0.13% from 3.4116 lei/dollar on Wednesday. In the monetary market, short-term interests remained below...

Sunt 5 pagini in Arhiva Wall-Street - luna Iunie 2010 - English-Version.
Pagini: 1 2 3 4 5