Arhiva Wall-StreetEnglish-Version / Februarie 2009 / pagina 3 din 4

Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Februarie 2009.
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  16 Februarie 2009

  BNR plans to create anticrisis division

  National Bank of Romania (BNR) is likely to establish a crisis-management division, the proposal following to be put forward in the coming Board meeting.

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  16 Februarie 2009

  Wizz Air tops Blue Air as no 1 low-fare carrier in Romania

  Wizz Air claimed the top spot in the local low-fare aviation industry, starting from February 1, with a 36% market share, edging out Blue Air that glided into second position with 34%, Wizz Air said.

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  16 Februarie 2009

  Government cancels the raise of car registration tax

  The Ministry of Environment said it would relinquish the 3-fold raise of the pollution tax, following to be lowered through a new emergency ordinance, while those who paid the tripled tax, will be...

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  17 Februarie 2009

  Romania can drive Austria to meltdown

  Countries like Romania are too proud of their economic performances and overconfident that they will dodge financial crisis and this is why they showed reticence and lack of interest toward...

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  17 Februarie 2009

  How healthy is the stock market fragmentation?

  In Romanian capital market, the quotes are fragmented and unevenly shared between players. Thus, of all BSE brokers, the top five players hold a combined share of roughly 35%, the rest being...

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  17 Februarie 2009

  How to start a business in advisory with 2,000 euro capital

  With 2,000 euro start-up capital, a former employee in telecommunication got off the ground a business in advisory market that returned 30,000 euros turnover in 2008, and 25% profit margin.

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  17 Februarie 2009

  Romanian leu nears to record low, to 4.3119 against euro

  Romania's national currency, the leu, lost ground versus Europe's single currency for the fifth day in a row and slumped 0.33% to a reference exchange rate of 4.3119 lei per euro, close to record...

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  17 Februarie 2009

  Isarescu meets leaders of the coalition to discuss anti-crisis plan

  PDL’s vice president, Gheorghe Flutur said at the end of Politic Office meeting of the coalition that PDL and PSD had decided to meet the governor of the central bank, Mugur Isarescu to...

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  17 Februarie 2009

  ...

  Reff & Associates, the correspondent law firm of Deloitte Romania, saw a 40% increase in the volume of deals assisted last year, to almost 700 million Euro, with some major projects added to...

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  18 Februarie 2009

  ...

  The crisis mode involves a change of mentality at the level of tax policy in Romania, a change expected by 9 noteworthy specialists in taxes in Romania, polled by Wall-Street and present at the...

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  18 Februarie 2009

  Brokers: Economic woes in the region drag down the local stock market

  Last week started with major declines at Bucharest Stock Exchange, as economic woes in Central and Eastern Europe casted a shadow of pessimism on the trades, ballooned by the poor earning reports...

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  18 Februarie 2009

  Leu strengthens against euro, amid generally declining markets in the region

  The benchmark currency exchange rates posted by BNR on Wednesday shows a roughly 0.34% hike of the national currency, up to 4.2950 lei/euro, after swinging between 4.28 and 4.2950 lei/euro in early...

• 18 Februarie 2009

  Financial crisis� first casualty in Romania

  The Belgian-based developer, Immo Industry Group (IIG) active in Romanian market has officially filed for bankruptcy, the decision being approved by the Court of Commerce in Dendermonde, Belgium....

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  18 Februarie 2009

  Premium car industry hiked 88% in Romania last year

  New and used premium car industry marked a record y/y 88% growth, up to 269 units.

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  18 Februarie 2009

  Medlife touts 5 mln euro investment plan and 40% turnover hike in 2009

  Medlife, said it would invest this year 5 million euros and would create about 250 new jobs, reads a press release sent today, NewsIn informs.

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  18 Februarie 2009

  Financial crisis is slowing growth of wind energy

  Wind energy market will be marked by a slower growth in 2009, due to the economic crisis, however the expansion of wind energy is expected to continue and rise fivefold by 2020 to around 600GW, as...

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  18 Februarie 2009

  SME�s bankruptcies: 90% driven by state seizures

  The utmost insolvencies faced by small and medium-sized companies were driven by the state seizures, with merely 10% of the failures filed by the companies themselves, said Constantin Nita the...

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  19 Februarie 2009

  The era of cheap oil is coming to an end

  The price of “black gold” fell threefold since 2008 peak, down to below 40 dollars/barrel, both on sagging demand and financial crisis.

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  19 Februarie 2009

  Coca-Cola HBC Romania sacks 110 workers this year

  Coca-Cola Hellenic Bottling Company Romania said it would lay off 110 employees this year, of which 56 merchandisers and financial data operators will have the possibility of continuing activity...

• 19 Februarie 2009

  Bucharest Stock Exchange plunges to five-year minimum

  The Bucharest Stock Exchange (BSE) closed today's session with drops between 6.68 and 9.94 percent, the banking sector being the most affected as BRD SocGen and Erste Bank plummeted massively on...

• 19 Februarie 2009

  Tips for young investors � stock market

  Risk aversion, live streaming news or the possibility of long-term investment in a plummeting-share price market, are only a few of the arguments that market specialists bring to support the idea...

• 19 Februarie 2009

  The exchange rate inches to 4.2850 lei per euro in early trades

  Romania's national currency, the leu, resumed fall to 4.2850 versus the single European currency after gaining ground in the first transactions of the day, in line with other currencies in the...

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  19 Februarie 2009

  Romanian insurance market: 2.38 bln euro in 2008

  Romanian insurers recorded gross written premiums of 8.78 billion lei (2.38 billion euro), at 22.4% growth from a year earlier, the loan insurances continuing their decline, according to the...

• 19 Februarie 2009

  Reebok and Northland see sluggish sales this year in Romania

  Kraus & Co Sport & Casual Distribution, distributor of Reebok and Northland in Romania targets 9 million euro sales, in stagnation compared to 2008, the sales being dented by the financial...

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  19 Februarie 2009

  Groupama�s turnover soars 18% in 2008

  Asiban, BT Asigurari and OTP Garancia, held by the French-based insurance group Groupama, reported last year total gross premiums written (GPW) of over 1 billion lei (272.5 billion euros), up...

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  19 Februarie 2009

  Orange and Sony Ericsson extend partnership for two years

  Orange mobile network and Sony Ericsson have extended their strategic partnership through 2011 for the development of entertainment and multimedia-oriented services for mobile users.

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  19 Februarie 2009

  Colliers: Bucharest apartment prices sank 2% in January

  Bucharest Real Estate Index fell 2% in early 2009, down to 1,506 euro/sqm, 34 euro/sqm lower than in December 2008, according to the monthly analysis of real estate advisor Colliers International.

• 19 Februarie 2009

  Isarescu: The required financial support of the public sector could reach 4...

  The external public debt does not imply the risk of financing gap and does not exert any pressure on the currency exchange rate, equating 10.7 bln euro at the end of last year, of which 1.6 bln...

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  20 Februarie 2009

  ...

  RTC, one of the largest retail, distribution and services in Romania, headed by businessman Octavian Radu, said it would put on hold all the projects that are expected to return null profit, thus...

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  20 Februarie 2009

  Leu hikes 0.7% at BNR's exchange rate

  Romania's national currency, the leu, rose to 4.2637 versus the single European currency according to the reference exchange rate established by the central lender BNR, following a regional trend...

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  20 Februarie 2009

  Romania's government refunds the difference to triple car tax payers

  The first registration tax for second-hand cars registered in Romania was reduced by one third and the persons who already paid the tripled tax will be refunded the difference, announced today...

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  20 Februarie 2009

  Sixth FIC at BSE within six months?

  The Authority for State Asset Recovery set out the establishment of a private company with limited liability, which will be listed at the Bucharest Stock Exchange, said the chairman of ASAR, Mircea...

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  20 Februarie 2009

  HP: First quarter net revenue up to 28.8 bln dollars

  HP, one of the leading technology company said it had marked 28.8 billion dollars revenue in the first fiscal quarter (ended on January 31, 2009), namely a 1% growth from last year and 4% when...

• 20 Februarie 2009

  M&A activity in SME sector in Romania: 1 bln euro in 2008, 25% growth...

  The size of M&A deals in Romania that involved small and medium-sized enterprises amounted to roughly 1 billion euro in 2008, micro businesses drawing nearly 25% of the investments, small...

• 20 Februarie 2009

  Raiffeisen: 1.3% contraction of Central and Eastern Europe GDP in 2009

  Gross Domestic Product (GDP) of Central and Eastern European states will shrink by 1.3% this year from prior year, amid economic downturn, however, the region will continue to be EU’s growth...

• 20 Februarie 2009

  Ernst&Young: 50% of all companies had disposed of or shut down parts of their...

  The credit crunch has forced companies to seek alternative ways of improving liquidity, reads an Ernst & Young report, “Opportunities in Adversity”,that highlight how nearly 350...

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  20 Februarie 2009

  Basescu: A decision will be made to safeguard the economy

  President of Romania, Traian Basescu notified the World Bank delegation during a meeting at Cotroceni Palace on the latest visit of IMF in Romania and thanked the representatives of WB for their...

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  23 Februarie 2009

  Financial crisis forces investors to sell apartments

  After in October 2008, a Canadian investor was announcing apartment sell off spree (900 new apartments evaluated at 160 million euro). Today, the Norwegian investor Romania Invest has officially...

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  23 Februarie 2009

  Racaru, Blue Air: Passengers are not shifting their travel choices to...

  Even if the majority of companies say the lion’s share of the earnings will be driven by the migration of passengers from traditional to low-fare travel, Blue Air, the biggest low-fare...

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  23 Februarie 2009

  Romania's leu slides to 4.29 on regional trend

  The national currency followed in the steps of the Polish zloty and of other regional currencies, decreasing this morning on a rather quiet market close to 4.29 per euro, NewsIn informs.

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