Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Octombrie 2008.
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Although the volume of traffic of low-cost carriers and their occupancy level remained constant, the profit margins of air operators are in free fall.
Yesterday’s session of Bucharest Stock Exchange followed the same trend as last week, marked by massive slumps and trading shut down for approximately a half an hour. Pressure on sale and...
Financial crisis is caused by in-depth gaps that sum up to the fact that Chinese people is manufacturing while Americans are consuming, said Octavian Radu, founder of RTC group.
If in May this year, Yahoo was taking its first commitment to Romanian market by appointing Bobby Voicu as community manager, the most popular Internet search engine, Google, is on the hunt for...
Rating agency Standard & Poor’s cut today, the outlook of Bucharest mayoralty from ‘stable’ to ‘negative’, following the yesterday’s decision to cut country...
CNP has revised downward, in the final fall projection, the forecast on economic growth for 2009, from 6% down to 6.5% in the preliminary forecasts report. Estimations of specialists surveyed by...
It takes 50-60 years to buy a two-room apartment with an average pay package, Romania being at the Europe ranking’s bottom in this matter, together with Bulgaria and Ukraine, said the head of...
Car market in Romania is likely to dive 11.5%, down to 2006 level, said Francois Fourmont, chairman of Automobile Dacia. The decline will be triggered by global financial crisis, whose effects will...
Owner of Trotter Restaurants that includes restaurant chain La Mama and coffee-shops Cafepedia, says the current financial crisis will not influence directly the market, whereas it triggers...
Romania, Estonia Latvia and Bulgaria may solicit IMF financial aid, if they continue to use their foreign exchange reserves paying for imports, supporting currencies and rolling over debts, said...
Standard & Poor’s announced it had cut ratings for long-term credits for Banca Comerciala Romana from ‘BBB-‘ down to ‘BB+’ , keeping the negative outlook , after...
BCR group reported third quarter net profit of 1.25 billion lei (341.5 million euros) lei including after-tax charges up 71.8% from the year-ago quarter when it reported 725.8 million lei (219.6...
Supervisory Council of Banca Comerciala Romana appointed Wolfgang Schoiswohl (aged 46) as executive vicepresident and member of executive committee, to replace Jean Andronie, corporate executive...
Cosmote Romania, Romania’s third biggest mobile telephony operator, announced that Tereza Valcan, manager of corporate affairs department, will complete her mandate within the company on...
In normal conditions, technical analysis is used by many investors in the equity market, especially to determine the bullish and bearish stocks. But in this extremely volatile period, when...
The financial crisis has caused a 20% decline of companies’ ratings since the beginning of the year, said Ovidiu Morariu, manager of North Bridge for Romania, private equity fund with 20...
Richard Moat, chief executive officer with Orange Romania says the business growth on the domestic market will be affected by the international context, as it was spread to all industry sectors.
With ten years experience in real estate market, Nicoleta Radu left Westhouse Group team this summer and set the basis of her own real estate advisory firm, Zanti Exclusive.
Banka Transilvania’s revenues surged 74% in first nine months this year, to 2.93 billion (805 million euros) from the year-ago interval, while profit tripled on sale of stake held in Asiban,...
National banking regulatory, BNR has decided to keep the benchmark lending rate on hold at 10.25%, in terms with analysts’ forecasts, central bank announced today.
Financial rating company Standard&Poor’s revised downwards the rating outlook of state-owned Transelectrica from ‘positive’ to ‘negative’, due to country rating...
Milk market will be dominated in the following period by merger of regional processors in order to cope with the economic crisis, said executive manger of Romanian Association in Milk Industry...
Companies will direct towards operating leasing services in order to cut costs on car fleet maintenance, as expenses for fleet maintenance may shift monthly in the current economic context, Sixt...