Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Februarie 2009.
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The unfunded increase in pension benefits, cuts in the social security contribution rates, discretionary allocations to sub-national governments and other decisions of the outgoing government taken...
Since last year’s fall, pharmaceutical stocks have been seen as a defensive play at Bucharest Stock Exchange, with long-term potential. However, the sector has been severely impacted by the...
Austria's Erste Bank, the majority owner of Romania's largest lender by assets BCR, does not require or solicit any financing from the Romanian state for BCR and will support its cash-strapped...
Romania's retail market together with cars and fuel sales saw a 22.6 percent climb to 219 billion lei in 2008 on the previous year, according to a study of the Polish research and consultancy...
BNR is ready to act in response to swaying shifts of the currency exchange rates, said the governor of National Bank of Romania (BNR).
Opel and Saab, two of the European auto industry’s heavyweights are on the verge of collapse, now that US-based car manufacturer General Motors cracked up. In Romania, the new car market has...
Full list of winners at this year’s Oscar event , that took place last night at Kodak Theater, L.A is the following:
Romania’s national currency, the leu slid 0.08 percent over the last reference rate last week, to 4.2833 over the euro according to the central bank, NewsIn informs
Romania’s second pillar pension scheme made the first payout on Friday, February 20 2009, the first payment to its first beneficiary – a fresh retiree in the state pension system who...
Real estate advisor, Regatta, said it would deliver a renegotiation service for office, commercial and industrial space agreements, which can be extended to the reexamination of other contract...
VB Leasing Romania (VB Leasing Ro) reported a 2.7-fold increase in net profit, in the context of cost reduction measures. The company recorded 160-million euro turnover for last year, down 22% from...
National Bank of Romania is not eliminating the possibility of the local currency to gain momentum, BNR governor, Mugur Isarescu said on Monday at a media briefing.
ArcelorMittal Tubular Products Roman’s manufacturing facilities will begin a three-week shutdown, while the product processing unit will be the only one to remain in function, said the leader...
A recent KPMG international study shortlists 31 cities as credit crisis provides fresh outsourcing impetus. Cluj Napoca is specified in the list.
Romania's national currency, the leu, advanced 0.05% at the benchmark exchange rate established by the central bank to 4.2810 lei per euro, on a quiet market, following the evolution of other...
Romanian national currency gained ground this morning against the single European currency to 4.27 on a volatile market amid a hike of interests on rising speculations, NewsIn informs.
Petrom oil company, held by Austrian OMV group will put off the completion of modernization works at Petrobrazi refinery for two years, until 2012, the company saying in a prior statement that the...
Volksbank Romania said it expected a pre-tax profit of 46.25 million euro in 2009, up by roughly 22% from 2008 at a 2% advance of assets, reads the report remitted by the bank.
European Bank for Reconstruction and Development examined in a first phase a 100-mln euro loan for Banca Comerciala Romana hat will be used by BCR to provide financing to small and medium-sized...
Unilever said it had acquired local ice cream brand “Napoca”, offered for sale since 2008, thus making way to Romanian ice cream market, valuated at 160 million euros, said the chairman...
Chairman of Romanian Banks’ Association (ARB), Radu Ghetea said the yesterday’s affirmations of BNR governor, Mugur Isarescu indicated the likelihood of further speculative attacks on...
Western Europe banks may reach 37.2 billion dollar losses according to the “ugly” scenario, mainly driven by the credits provided in Romania, reveals a recent research of Danske Bank.
One of the leading real estate advisors, Regatta reported roughly 5mln euro turnover for 2008, 37.5% less than prior forecasts.
Storm – This is what foreign ‘economic oracles’ say Romania is heading into, with billion-dollar losses among Romanian lenders, and a drowning leu.
Romania’s biggest company in terms of market value, Petrom, reported an annual net profit of 1.022 bln lei (278 mln euros), down 43% from a year earlier, after the loss recorded in the last...
Forex market is now becoming one of the most powerful money-making or speculation tools due to its lucrative forms of investment. Specialists in the field recommend a careful and step-by-step...
The objective of the Government is to upgrade the country rating within a reasonable timeframe, as this would give the green light to a better financing of economy, said the prime minister Emil Boc.
The Swiss financial group UBS recommends buyers to go for shares of Austrian lender Erste Group and established a target unitary price of 15 euros, despite grim outlooks from investors, who are...
Operational in the real estate market since 1997, Axa group has now two residential projects under management: Saphire Residence, which will be delivered at year end and Ambra Residence, where the...
Competition Council is examining the economic concentration operation conducted by Agip Romania by the takeover of 10 filling stations and adjacent assets held by MOL Romania Petroleum Products,...
BNR governor stressed that if Romania was not capable of constructing highways, it would be difficult to accede to “a club with strict rules” and called attention on the talks related...
BNR is likely to revise the regulation for the constitution of loan-loss provisions by the lenders until March after the talks between bankers and first vice governor Florin Georgescu, said the...
Real estate advisor Coldwell Banker Affiliates of Romania, active in Romania for three years, reported a 3.5 mln euros turnover for 2008, expecting a growth up to 4mln euros and expansion of...
Romtelecom has recently achieved the Cisco Managed Services certification, and now holds the required resources and procedures for the development, management and maintenance of Cisco-based VPN...
Royal Bank of Scotland plans to offer for sale its operations in Romania, as well as in New Zeeland, Pakistan, Portugal and Vietnam, Bloomberg informs.
With a 400-million euro deal size per month, and a startup capital of 3 million euros, X-Trade Brokers is set to storm the Romanian market. The broker comes with an online forex trading platform,...
International passenger demand fell by 5.6% in January 2009 compared to the same month in 2008. The January fall in demand is the fifth consecutive month of contraction, reads IATA (The...
The reference exchange rate announced today by Romania's central lender BNR inched to 4.2909 lei per euro after a quiet session compared to the region, when the leu waved around the level of 4.29...
Romania’s required reserve ratio will shrink to 20 bln euros by the end of 2009, from 26.22 bln euros at December 31, 2008, reads the report released by financial rating agency, Japan Credit...