Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Februarie 2009.
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Although the consumption rate of food complements per capita is low, 3.5 euor/year, the growth pace of the local market in the past few years and of food complements will register a break-even...
The reference exchange rate posted by the central bank BNR today pins the leu at 4.2522 against the single European currency, an increase for the fourth day in a row, NewsIn informs.
Wizz Air, one of the leading low-fare airlines in the local market, said it would expand its route network in the 2009 summer timetable by launching the first weekly low-cost flight to Plama de...
Romania is facing a recession that brings down the economy to its lows, and restores it back in a short interval, said the governor of National Bank of Romania (BNR), Mugur Isarescu.
BNR is taking into account a 2.2-2.3% economic growth projection for 2009 and does not exclude the likelihood of a recession, but the probability of the economy to plunge into a recession remains...
One of the basic rules of investing at the stock market is to buy cheap and sell high. The prices of the stocks listed at Bucharest Stock Exchange have relapsed to three-four year lows, and the...
“We’ve identified five contagion channels of financial crisis’ indirect effects in Romania: trade, financial, confidence, forex and effects over wealth and balances”, said...
Romania’s national currency, the leu, closed the day at 4.23 over the single European currency in line with the emerging currencies in the region, on higher sales of foreign currency, NewsIn...
Lenders have requested BNR to approve a 90/120/or 150-day extension to commence foreclosure action on bad debtors, said Radu Gratian Ghetea, chairman of Romanian Association of Banks (ARB) earlier...
Most of the business executives, 77% of the surveyed by KPMG International, the global network of audit, fiscal assistance and advisory, fear there will not be enough infrastructure investment to...
The variant of a stand-by agreement with the International Monetary Fund involves hundreds of million euros costs, in case of a 25% non-usage fee, said the governor of BNR, Mugur Isarescu.
Few weeks after his 50th anniversary, David Lubars, chairman and Chief Creative Officer at BBDO North America, woke up one day at the top of The Big Won list of best creative officers in the world....
Indexes of the Bucharest Stock Exchange (BSE) closed session with mild swings, while financial stocks added roughly 1.92 percent, as deals reached a new record low this year and compressed 67...
“The global financial crisis is not the main problem we will have to cope with in 2009, but the fall of the national currency against euro which dents the profit margins”, Romano Quinzi...
New-car registrations in Romania plummeted by 52.8% in January this year, from the year-ago period, down to 19,756 units, according to DRPCIV.
The reduction of required reserve ratio for leucurrency liabilities, enforced by National Bank of Romania (BNR) in October 2008 was a mistake, and the central bank sold the foreign currency...
The Romanian currency lost ground to 4.25 against the single European currency this morning following the evolution of emergent currencies in the region, NewsIn informs.
The new managing director of BMW Group Romania is Bernd John (photo), who replaces Carl-Theo Fitzau after his retirement.
Romania\'s public debt climbed 32.26% to roughly 108.9 billion lei (27.3 billion euro) from a year-ago period, accounting for 21.21% of the gross domestic product (GDP) estimated for last year,...
On a stock market altered by the global climate and somber macroeconomic news, issuer’s earning results could have a mild impact on the evolution of BSE, say the specialists polled by...
Ozone Laboratories Romania said it had achieved turnover 35.1 million euro in 2008, a year-on-year increase of 19% (36% expressed in lei) from 29.5 million euro in 2007.
With a financial sector dried up by the economic downturn, lenders, insurers and loan brokerage firms are reluctant in disclosing the number of laid off workers and their future decisions involving...
The national currency in Romania dropped to 4.26 against the single European currency this morning in line with other emergent currencies in the region, NewsIn informs.
The value of merger and acquisition deals in Romania will reach 3 billion euros in 2009, down by 50% compared to last year, according to Marius Stancescu, chairman of Riff Holding International,...
Even if the aviation industry across the world is experiencing one of the bleakest times in its history, the predictions for the local market are still positive, insiders expecting roughly 5%...
The local car industry compressed by roughly 63% in January, from a year-ago period, said the vice president of Romanian Association of Car Manufacturers and Importers (APIA), Brent Valmar.
A&D Pharma Holdings, the Dutch holding company that owns the integrated pharmaceutical sales and marketing services, wholesales and retail business in Romania said it recorded consolidated...
DTZ Echinox announced the strengthening of their management team by the promotion of Oana Iliescu to assume the position of joint managing director alongside Tim Wilkinson.
BRD SocGen, Romania’s second biggest bank in terms of assets reported 1.36 billion after-tax consolidated profit (nearly 370 million euros), up 46% from a year earlier, the bank announced.
Romania's leu resumed the downfall through the end of the day to 4.3050 versus the single European currency, after losing ground in line with other emerging currencies in the region, on a higher...
Romania’s balance-of-payments CA posted a deficit of 16.877 billion euro in 2008, up by merely 1.2% from a year earlier, after the CA deficit deepened by over 60% in 2007 versus 2006,...
Applied Economy Group plans on collecting 100,000 signatures for the private pension insurers to secure an annual yield at least equal to inflation rate, a measure deemed necessary in current...
In December, Romania’s industrial production fell 17.5% compared to a year-ago period, above the European Union average, of 11.5% and euro area average of 12%, Eurostat announced today.
The national currency is likely to end year at 4.50 lei against euro, up from 4 lei/euro at the end of 2008, and the average exchange rate in 2009 may reach 4.50 lei/euro rate this year, above...
With the BSE liquidity sinking into a black hole and investors’ appetite for trading going bust, speculations on Forex market are now becoming an interesting alternative. In an interview to...
With a mounting financial crisis spreading, the current economic situation crisis raises two major questions: drawing a rescue plan to remedy the struggling financial sector, idea proposed for the...
The reference exchange rate established today by Romania's Central Bank (BNR) indicates a 0.08 percent slip of the leu over Europe's single currency to 4.2975, while the other emerging currencies...
If last year, the stock of commercial structures in Romania climbed 50%, some 50-60% of all projects announced to be delivered this year will be put on ice or put off, or even completed for...
The meltdown of the leu has already consumed its utmost potential, and the currency exchange rate is likely to hover around 4 – 4.2 lei/euro at year-end, said the deputy managing director of...
The activity of brokerage firm Broker Cluj may be resumed on Monday, as the two-week suspension by the Romanian National Securities Commission expired today.