Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Decembrie 2008.
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The new PD-L – PSD coalition plans to slash budget deficit to 1.7% of gross domestic product in 2009, from this year’s staggering 4% deficit, said the designated minister, Gheorghe...
National currency fell to the morning’s level, 3.93lei/euro, close to the session opening quotations, on a calm market, after a slight appreciation in early deals, in the context of a...
Romanian real estate market felt a glimpse of the financial crisis, prompting developers to abort construction of their real estate projects. Of over 8,000 housing units expected to be delivered,...
Low-cost airline carrier Wizz Air increased number of flights from Romania, opening three new routes, which will go into effect as of December 17, 2008.
If in the past years, the housing rents’ upward trend and September, also known as “the month of students”, were pure gold for landlords’ budgets, in 2008, the growth was...
Lexus premium brand sold over 170 units in January-November 2008, 16% more than a year earlier, with hybrids accounting for 45% of the cars delivered in the interval.
German-based discount retailer Plus, opened in Blaj and Reghin two new stores, following a roughly three million euros investment, thus consolidating the network it holds in Romania, that reached...
Banca Romaneasca said it would cut interest rates for loans, after the recent sharp slowdown of the lending activity which triggered a failure to attain the asset target. The lender expects asset...
Orange Romania, the country’s the biggest mobile network operator, invested 200 million euros in retail and telecommunication network expansion.
Alro Slatina said it would probably cut production by 50%, and as of next year, the workforce will likely shrink by 1,200, the final decision following to be made early next week by the Board.
Industrial market had a flat evolution in 2008, the residential market dropped, while the office market increased, whereas the narrow growth did not meet the expectations. In 2009, all real estate...
National currency swung around 3.92 lei/euro line in early Bucharest trading, slightly down from its yesterday’s levels, on a calm market, marked by a generalized appreciation trend of...
The board of truck maker Roman Brasov (BSE: ROVA) said it planned to borrow 25 million euros to refund a 69.3 million dollars contract concluded with US-based Tacom Waren Michigan.
Porsche Romania and the former Ministry of Economy and Finances have concluded a 1.1 million euros agreement for the delivery of 60 cars.
Bank lending for natural and corporate persons rose by 1.1% in November from prior month, whereas the annual growth pace of non-government credit shrunk significantly for the second month in a row,...
Chairman of Bucharest Stock Exchange, Stere Farmache who has recently resigned as managing director of the same institution, will take over duties of Alpha Bank Romania’s first vice-president...
The financial downturn triggered a relentless slide in car sales in 2008, while tightened lending conditions have dented financing of carmakers’ daily operations. Facing severe issues, many...
Romanian companies have announced a string of production and staff cuts together with deadlocked investments in 2008 and early 2009, due to dwindling orders, in the context of deepening financial...
US motorcycle maker Harley-Davidson sold 80 motorcycles this year in Romania, representatives of the company told Wall-Street.
Managing director of SC Alro SA Slatina, Gheorghe Dobra said after the meeting with county authorities, trade unions and members of the parliament, that the company would seek a governmental...
Radacini Motors, importer of Cadillac, Corvette and Hummer in Romanian car industry said it would bring the new Cadillac Escalade Hybrid next year in Romania, at a price below 70,000 euros (does...
The second year as European Union member will make history in Romania. The crisis of a system that furthered away from the fundamental values of capitalism proved us the hollowness of a so-called...
Radacini Motors, importer of Cadillac, Corvette and Hummer in Romanian car industry said it would bring the new Cadillac Escalade Hybrid next year in Romania, at a price below 70,000 euros (does...
Managing director of SC Alro SA Slatina, Gheorghe Dobra said after the meeting with county authorities, trade unions and members of the parliament, that the company would seek a governmental...
US motorcycle maker Harley-Davidson sold 80 motorcycles this year in Romania, representatives of the company told Wall-Street.
Romanian companies have announced a string of production and staff cuts together with deadlocked investments in 2008 and early 2009, due to dwindling orders, in the context of deepening financial...
For next year, experts say the leasing market will advance by 10-15%, with 5.5 billion euros market value expected for end-2008, even if earlier forecasts had signaled a 6 billion euros volume.
As of January 1, 2009, only Euro 5 fuels will be marketed throughout all inland filling stations, following to restrict the distribution of Euro 4 fuels, all oil companies complying with the...
Romanian employers expect major production cuts and layoff actions in industry and construction fields for December 2008-February 2009, as well as stagnation of trade activity and services,...
The global merger and acquisition market fell by a third in 2008, after five years of constant growth, in the context of bearish capital markets and credit lockup. Wall Street lists the 10 biggest...