Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna August 2009.
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Germanos, Romania’s largest telecom retailer said its first-half revenues fell 15.9% to 409.2 million euros, from 486.6 million euros a year earlier, according to OTE, the Greek-based...
Mugur Isarescu, governor of National Bank of Romania and the most trusted person in Romania, remains optimistic that the country’s inflation rate would improve for the remainder of the year,...
IMF considers using the second portion of the 19.95 billion euro loan to Romania to bridge the country’s budget gap, as part of the arrangement, said Jeffrey Franks, the IMF’s mission...
Codecs, one of the largest training companies in Romania has yet to collect 2.8 million lei (0.66 mn euros) outstanding from clients, the company said.
The low-fare aviation company Blue Air said it would cut fares for five destinations. Blue Air clients can now purchase discount flight tickets between August 7and 9 for flights between August 7...
The benchmark exchange rate established by the National Bank of Romania soared 0.21 percent to 4.2186 lei per euro, on a market dominated by apathy, with few transactions, as the national currency...
Florin Petrescu, aged 34, human resources manager of Citibank Romania and Bulgaria has been promoted as Regional HR Business Partner for EMEA for consumer banking.
Romania's economy contracted by more than 8 pp in the second quarter, exceeding the first-quarter decline, declared the Finance Minister, Gheorghe Pogea, cited by NewsIn.
51,000 square-meter of office space were leased in first six months in Bucharest, down 35-40% from year-ago period, according to the Jones Lang LaSalle report. Moreover, the outlook remains...
Non-performing loan ratio is expected to continue rising through the remainder of this year and in early 2010, in light of a worsening unemployment and economic contraction scenario which will...
Petrom will start exploration in Neptun block in the Black Sea to evaluate the hydrocarbon potential, following to carry seismic assessment of the area in a venture deal with the subsidiary of the...
Sorin Danilescu, former development director of Gsp.ro has been promoted as managing director of Intact Interactive online department, effective as of August 10, thus replacing Bogdan Gavrila.
The parent banks of the nine largest foreign-owned banks incorporated in Romania have all signed bilateral letters with International Monetary Fund and European Commission committing their...
Consumers’ interest in high-tech gadgets remained constant, despite the poor general economic conditions. This is clearly reflected in the first-half sales of smartphone products that soared...
Banca Romaneasca started to disburse loans under First Home scheme at an adjustable rate made up of three-month ROBOR plus a 2% margin for leu-denominated loans, and three-month Euribor plus a...
Romania’s Gross Domestic Product shrank by 9.7% in the second quarter as the performance of the construction sector was poorer than estimated, ING Bank says.
The benchmark exchange rate settled by the National Bank of Romania lowered 0.23 percent to 4.2088 lei per euro, on a market dominated by apathy, with few transactions, as the regional currencies...
The majority of European countries give tax rebated to hybrid cars buyers in an effort to stimulate hybrid car sales, or even VAT breaks, owners paying only 50% of the car’s price or even a...
In the view of Mihnea Serbu, senior product manager of Orange Romania, a smartphone is designed to a mature, educated consumer with higher-than-average purchase power, influenced at a smaller...
The conclusions of IMF’s first mission in Romania led by Jeffrey Franks as part of the review of the country’s stand-by arrangement can be summed up to the words that many people...
Banca Transilvania’s first half profit fell 90% year-on-year to 11 mn lei (2.6 mn euros) as the country’s economic slump forced the bank to increase provisions against bad loans.
Television producer Valeriu Lazarov died this morning in Madrid at the age of 73 of natural causes, according to public.es, cited by Mediafax.ro.
Annual inflation rate fell to 5.06% in July in line with forecasts, while consumer prices fell 0.07% compared to June, on food price drop and steady evolution of non-food and service prices,...
Millennium Bank cuts the interest rates of the individuals’ mortgage and home equity loans by up to 3.5%.
Public sector payroll will be reduced by 1.5 billion lei in 2009, by forcing public sector workers to take 10 unpaid days off, coupled with a 2.5bn lei reduction of public expenditures on goods and...
The benchmark exchange rate posted by the National Bank of Romania rose 0.13 percent to 4.2143 lei per euro, on a low volatility market in the early trades, followed by a strong decline in...
Tarom airline carried 14.2% fewer passengers in the first half 2009 compared to a year earlier, down to 703,700 passengers, according to Jan-Jun statistics provided by Association of European...
LG Electronics has officially launched in Romania the first watchphone with touchscreen, LG GD910, available as of August exclusively with Orange.
Romanian economy will shrink by 7.5% this year and by 2% in 2010, according to the forecasts of Bank of America Securities – Merrill Lynch who revised their 2009 GDP growth estimates downward.
The cities with narrow employment opportunities that depend on one company and who don’t have the ability to draw investors’ interest and high unemployment rates should be avoided by...
Wall-Street presents the top ten most heavily traded stocks by value year to date at Bucharest Stock Exchange, as listed by Intercapital Invest.
Romania’s balance of payments narrowed 73.3% in first half 2009, to 2.375 billion euros, on reduced trade gap and surplus in balance of current transfers, NBR data show.
The benchmark exchange rate settled by the National Bank of Romania rose 0.23 percent to 4.2239 lei per euro, on a market with low volatility in the first part of the session, in line with the...
Altex, Romania’s largest electronics retailer, said its second-half sales would most likely sink 40% year-on-year, which would easily place the company above market average.
Bank Leumi Romania, fully owned subsidiary of Israeli-based Leumi started to provide lending under First Home scheme, after signing the guarantee convention with the Loan Guarantee Fund (FNGC).
The chairman of Bucharest Stock Exchange, Stere Farmache was elected to the Board of Directors of Alpha Finance, the brokerage division of Alpha Bank, after receiving the approval from National...
Bucharest ranks second among European cities in terms of prime office yields, outstripped only by Moscow, according to a quarterly survey of rents and yields conducted by King Sturge real estate...
Foreign direct investments (FDI) in Romania fell by 42.99 percent in the first six months versus the same period in 2008, remaining 21.9 percent larger than the current account deficit, according...
Hotel company Intercontinental Romania (RCHI) widened losses to 5.76 million lei in the first six months, as businesses dropped by a third compared to the similar period in 2008, according to a...
Romania’s economic contraction stood at 8.8% in second quarter versus record 9.3% growth a year earlier, data from National Institute of Statistics show.