Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna August 2009.
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Even though many industries are struggling to stay afloat during hard times, certain sectors have not only managed to escape the current downturn but actually grew stronger. Wall-Street analyzed...
Impact Developer & Contractor SA, builder of Greenfield residential compound reported a pre-tax profit of 3.27 million lei in first half, exceeding own estimates by 3%.
ING Bank Romania’s pre-tax profit doubled in first half 2009 to 114 million lei (26.95 million euros), up 101% from a year earlier on 77% increase in net incomes.
Rompetrol Well Services (BSE: PTR), the oil services division of Rompetrof, reported a half-year profit of 7.99 mn lei (1.89 mn euros), down 38% from a year earlier on lower revenues, according to...
The benchmark exchange rate settled by the National Bank of Romania lowered 0.19 percent to 4.2158 lei per euro, on a calm market, but the national currency began to lose ground from the level...
Portuguese developer Sonae Sierra said its equity holder’s consolidated net profit in the first half of 2009 was negative of 94.2 million euros, compared with a consolidated net profit of...
Advertising agency TBWA has requested the Court of Bucharest to open insolvency proceedings against Danone yogurt maker for not paying the fee for BTL services brought last year, according to a...
After an economic contraction of 8.8% of GDP in the three months through June, a 10% YoY slump in the third quarter is not excluded, according to analysts interviewed by Wall-Street.
Net profit of financial company SIF Moldova (SIF2) advanced 27 percent year-on-year in the first half, to 89.39 million lei, following exceptional results in the second quarter and the selling of...
SIF Transilvania, one of the five financial companies at the Bucharest Stock Exchange, reported a net profit of 109.8 million lei in the first six months, a 46 percent boost over the same period of...
Romania recorded in July the highest annual inflation rates in European Union, of 5%, for the fourth successive month, as the Union’s inflation stood at 0.2%. High inflation rates were...
The European currency will rise to 4.6 lei by year-end, and fall to 4.4 lei by August 2010, ING Bank Romania wrote in the latest report on major currency themes.
Luxury apartments on the high-rise buildings’ top floors covering around 200 sqm and costing up to 3, 5 bn euros, penthouses are the most desirable assets of any high-end looker.
The benchmark exchange rate established by the National Bank of Romania lowered 0.1 percent to 4.2116 lei per euro, on a market dominated by apathy, where the national currency inched slightly, as...
OTP Bank Romania said it swung back to profit in first half this year, reporting profit after tax of 586 million forints (2.02 million euros), compared to 1.2 million forints loss (4.7 million...
Financial company SIF Muntenia (BSE: SIF4) closed the first half with a net profit of 73.17 million lei, a 15 percent increase on the same period of 2008, but its assets shrank 11 percent since the...
OTP Bank Romania, fully-owned subsidiary of OTP Group swung back on profit in first half this year, after posting 4.5 million euros growth in second quarter. However, the bank started the...
President of Social Democratic Party, Mircea Geoana said at the end of the coalition meeting, that members of the social democratic party and of the liberal party have agreed upon a set of 32...
Central Depository has decided last week to admit Volksbank Romania as clearing participant to RoClear system, reads a press release remitted by the institution.
Following the European-wide brand consolidation process at ad agencies undertaken by Coca Cola at the end of 2008, McCann Erickson Romania was appointed by Coca Cola to handle the ad duties for all...
The benchmark exchange rate settled by the National Bank of Romania climbed 0.24 percent to 4.2216 lei per euro, after the national currency lost ground in the morning, in line with the regional...
A&D Pharma, Romania’s largest drug retailer, has signed earlier today the agreement for a 3-year 100million euro loan with five banks to refinance previous syndicated loan and for general...
The National Federation of Public Sector Trade Unions has sent a list of demands to Prime Minister Emil Boc, threatening to strike if the Government refuses negotiation talks.
Citibank Romania expects this year’s profit to be in line with 2008 profit, but the fully-owned local subsidiary of the US-based banking group said the large portion of the 2009 earnings...
As if addressing the infrastructure challenge wasn’t already a big enough task for many national governments around the world, some nagging doubts persist amongst the private sector about...
Romania’s economy is experiencing a severe recession and despite the signs that the worldwide crisis was drawing to a close, the country registered a deep contraction. Wall-Street lists the...
Durable consumer goods market in Romania fell by 40.4% in the first half of the year down to 664 million euros compared to the same period of last year, a recent GfK Temax report, from GfK Romania.
National Audiovisual Council has granted the license to Vox News to deliver broadcast satellite services, a television station fully owned by Sport Channel, which is expected to enter the airwaves...
The benchmark exchange rate posted by National Bank of Romania slipped 0.1 percent to 4.2173 lei per euro, after the national currency advanced in the early trades, in line with the region, and...
Flamingo International, Romania’s second largest electronics retailer said its first-half turnover dropped 45% in the first six months though June to 187 million lei (44.3 million euros),...
Low-fare airline Germanwings said its traffic results for July fell 7.8% below year-ago levels, with a total of 724,481 passengers carried worldwide.
Canada’s Bombardier that operates in Romania, reported revenues of 4.5 billion euros and earnings before financing income, financing expense and income taxes (EBIT) of 235 million dollars in...
Romania's total public debt rose 12.6 percent in June over the end of last year and reached 123.61 billion lei, representing 23.27 percent of the gross domestic product (GDP) initially...
Credit cards can provide valuable service if used wisely and if the interest-free period is not exceeded. Otherwise, credit card holders will be accrued high interests. Wall-Street identified the...
Swedish-based home product retailer said it expected sales to increase by 11.7 – 12% year-on-year in September 2008 – August 2008.
The benchmark exchange rate posted by the National Bank of Romania climbed 0.17 percent to 4.2246 lei per euro, the maximum level since July 23, following general decline in the region, as the...
Smart flying airline Blue Air said its global route network will encompass four new destinations with the start of the 2009-2010 winter timetable (October 25, 2009 – March 27, 2010) on the...
Kraft Foods Romania, Romania’s biggest chocolatier reported for 2008 a double-digit growth in revenues, describing the year as the “most profitable” in Kraft Foods Romania’s...
Allianz insurance group recorded gross written premiums in Central and Eastern Europe of 1.9 billion euros in the first half, down 9% from year-ago period, reflecting the devaluation of central and...
European Commission has published its annual report on competition for 2008, Romania being referred to in one chapter, regarding the recovery of 27 million euros in state aid in relation to the...