Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Decembrie 2008.
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PSD+PC wins the race for Deputy Chamber by 33.09% margin and by 34.12% margin in the Senate, while PD-L recorded 32.34% and respectively 33.57%, according to data certified by Central Electoral...
Frictional unemployment will take a steep uptrend in 2009, and the labor market in Romania will have to be more flexible, said Mugur Isarescu, governor of National Bank of Romania (BNR).
Central Bank has requested twice this year capital raise at two banks with a market share below 1%, as their solvency dropped too fast or reached a critical level, said Nicolae Cinteza, director...
National Bank of Romania (BNR) will likely authorize, within the next few months, the functioning of a new local-capital bank, as the lender had already submitted the required documents for...
Mid august, National Bank of Romania (BNR) started to review the players of the banking scene in Romania, the only alarming conclusion being that a local bank was exposed to Lehman...
Construction company Transilvania Constructii (COTR) said it will propose to its stockholders a workforce reduction by 180 in first two months in 2009, process which will be carried out in two...
Auchan Romania will complete this year’s expansion plan in December, when it will open second hypermarket in Bucharest, in Militari area, following a 20 million euros investment, according to...
National Bank of Romania (BNR) will likely authorize, within the next few months, the functioning of a new local-capital bank, as the lender had already submitted the required documents for...
Mid august, National Bank of Romania (BNR) started to review the players of the banking scene in Romania, the only alarming conclusion being that a local bank was exposed to Lehman...
Auchan Romania will complete this year’s expansion plan in December, when it will open second hypermarket in Bucharest, in Militari area, following a 20 million euros investment, according to...
Construction company Transilvania Constructii (COTR) said it will propose to its stockholders a workforce reduction by 180 in first two months in 2009, process which will be carried out in two...
Central Bank has requested twice this year capital raise at two banks with a market share below 1%, as their solvency dropped too fast or reached a critical level, said Nicolae Cinteza, director...
Frictional unemployment will take a steep uptrend in 2009, and the labor market in Romania will have to be more flexible, said Mugur Isarescu, governor of National Bank of Romania (BNR).
PSD+PC wins the race for Deputy Chamber by 33.09% margin and by 34.12% margin in the Senate, while PD-L recorded 32.34% and respectively 33.57%, according to data certified by Central Electoral...
Even if the global financial crisis spreads wider in the Romanian economy, Aviva Group Romania had a good year, according to its CEO, Shaf Rouf, who projects its growth rate at 10-15% above the...
Jim Cramer, former hedge fund manager and the host of CNBC’s Mad Money show, outlined on the his last-aired TV show several defensive rules that will help investors avoid big losses and keep...
The fiscal policy is one of the most important economic projects of the future government, in the midst of financial crisis, but especially if it would want to revive the real economy, given the...
PSD, PD-L, UDMR are so far, the parties that won most of the seats. Future senator Gyerko Laszlo won the greatest number of votes, 89%, followed by Marko Bela, Mircea Geoana, Silviu Prigoana and...
The poor economic conditions lead companies to redirect their management policies, to downsize expenses, and finally, to cut jobs. But what will happen to laid-off workers?
Economic conditions may be waning, but fast food restaurants are probably some of the few businesses that still bet on sales growth and on high profit margins. Wall-Street drew a random chart of...
Supermarket network Mega Image will concentrate its expansion plans for 2009 around Bucharest where it plans to open eight new stores, thus reaching to 48 units.
In the midst of a crisis when developers abort their projects, the owners are forced to lower the price, and speculators re-think their profit margins, buyers’ attitude is becoming less...
Businessmen polled by Wall-Street hope the new Executive will become aware of the current climate and proposed to take into account the financial crisis in the planning of their 2009 budgets, as...
Insurance watchdog, the Supervisory Commission of Insurance (CSA), decided on November 25, that the Warranty Fund should absorb the toxic insurance policies of Euroasig insurer, which is currently...
A KPMG survey of Chief Financial Officers (CFOs) conducted by CFO Europe magazine, has found that companies are focusing on short-term fixes to relieve the pressure of the credit crunch.
Quarterly economic growth in Q3 was supported mainly by the positive evolution of agriculture and by the high growth in construction, analysts say, forecasting a slowdown starting Q4.
Enthusiasm is back at Bucharest Stock Exchange, especially amongst brokers, according to Romanian Sentiment Review made by Prognosis.ro. As for investors, indices measuring expectations for...
Contor Group Arad (CGC), global leader in metering products systems for water markets in Central and Eastern Europe, has completed its initial public offering in mid March this year, drawing 11.7...
GDP fell 0.2% in the euro area in the third quarter of 2008, from the previous quarter, when it registered a slowdown which is an early sign of a fall into recession, according to statistics...
The recent overwhelming events that were spawned by the financial crisis are subject of newspapers, television and radio reports every day. Passionate about history of economics and crises, Adi...
TV station N24 will resort to its first layoffs, Bogdan Gamalet, Dana Maxim and Doru Braia following to be dismissed by February. The station held by National Media Center said it would overhaul...
Belgian developer, Liebrecht & wood opened today the first outlet center in Romania, Fashion House Outlet Center, after postponing the opening which was initially scheduled for November 26.
Microsoft said it would deliver the new Windows Vista Service Pack 2 (SP2), designed to partially update Vista operating system, ComputerWorld informs.
Authority for State Asset Recovery (AVAS) proposed a reduction of workforce by 300 in the defense industry, compared to 2008 and by 1,325 compared to 2007 reads a government decision draft for 2009.
Romanian government said it will triple the registration for second-hand cars as of December 15, according to representatives of the government.
Mio Technology, a leading worldwide vendor of portable GPS navigation devices, expects to sell only 70,000 portable GPS navigation devices next year, up 40% from 2008, when the producer estimated...
Arobs Transilvania, software developer for mobile applications and GPS kit distributor, said it will keep its financial objective for this year and expects 7-8 million euros turnover together with...
Belgian developer, Liebrecht & wood opened on the 5th of December the first outlet center in Romania, Fashion House Outlet Center, after postponing the opening which was initially...
Four fund managers, a bond management fund delivered by an already active player (a premiere for Romania), a company specialized in portfolio management and internal reorganization. This is the...
Businessman George Padure, former mayor of Sector 1, Bucharest in 1996-2000, said he had not aborted construction works for Sigma Residence & Gardens, but it only pulled engines backwards, as...