Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Ianuarie 2009.
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Romania will face an imminent economic crisis that triggered its first alarm signals in late 2008. Wall-Street compiled the most important queries for 2009 that the economy and local business...
Benchmark currency exchange rate reported by central bank on December 31, 2008, of 3.9852 lei/euro signals stagnation compared to the rates in previous session, and 10.39% depreciation of the leu...
Currency exchange rate is very likely to hit 4.2 lei/euro high in first quarter of 2009, insiders say. The decline of the local currency cannot be avoided without toughening the budget policy.
Experts say the central bank will most likely keep the benchmark lending rate at 10.25% and will cut leu-currency liabilities reserve ratio in the January 6 session, measures that would not defrost...
Autoliv, automotive safety system manufacturer said it had resumed activity at its two Romanian-based manufacturing facilities, in Brasov and Lugoj, after the winter holidays.
In 2008, the financial crisis crippled the stock markets across the world, narrowing volumes, cash flow, capitalization of listed companies, and the number of new initial public offerings.
Romanian-based car manufacturer Dacia reported growing sales by 80%in 2008, in Belgium, by 33% in France, and by 90% in Switzerland in first eleven months in 2008, according to international press...
In the first two months since the portability service was introduced, nearly 16,000 Romanians changed the network operator, with most of the applications for mobile number portability.
M Car Trading, the official importer of Mitsubishi in Romania will deliver in Romania in first quarter, the new Colt, Lancer Sportback and Ralliart trim level for Lancer Sedan and Sportback.
In today’s rate-setting meeting, National Bank of Romania (BNR) decided to keep the lending rate steady at 10.25%, in line with analysts’ expectations, and to hold the required reserve...
The weakening of financial crisis’ impact in Romania would depend heavily upon the new government, whether it will or not take the necessary proactive measures to shore up the economy and the...
2007 was considered the best year for real estate players. We’ve seen the first frozen projects in 2008, together with price fallout for new housing units. Insiders see no positive signal for...
Russian-based natural gas company has sharply cut gas flow supplied to European consumer via Ukraine, which will trigger flare-ups in European countries ‘within a few hours’, said the...
Donau Chem Turnu Magurele chemical fertilizer plant said it would cut 763 jobs as of February 2009.
Benchmark currency exchange rate posted by National Bank of Romania (BNR) of 4.0629 lei/euro is the lowest level since November 8. The local currency climbed to several-month high versus US dollar,...
This year started with the burden of a global financial crisis that changed the fundamental values of capitalism and walled the entire financial world. Predictions for 2009 don’t look very...
Romania remained in second position in terms of annual growth of industrial producer prices, of 11.1% in November 2008, in European Union, the advance being 2.7 times higher than the annual average...
Association of Businessmen in Romania (AOAR) request a common, reasoned position of the Government and BNR to “explain the lack of interest shown by Romanian authorities in handling talks...
Low-cost airline operator Wizz Air aims at carrying 1.7 million passengers from and to Romania, by doubling aircraft fleet allocated to local airbases.
Minister of Finances, Gheorghe Pogea held yesterday a budget-setting meeting with the governor of National Bank of Romania (BNR), Mugur Isarescu and other members of the board of the central bank,...
The financial crisis now spiling into 2009, The Network, an advisory network that follows the American pattern, preps its official debut on a Balkan market, not yet familiarized with this concept....
After a three months absence from Bucharest Stock Exchange, Banca Transilvania shares came back on trading yesterday and closed down on a -58% variation band, although the market was displaying a...
Austrian-based Erste Bank EBS bought back 500 own shares during yesterday’s BSE trading session. This is the first buyback operated by the bank since its first day of trading, in February...
Czech dealer of used cars AAA Auto reported 45.6% fewer car deliveries in Romania, compared to a year earlier, the company following to make a decision on selling a portion of the Romanian branch...
Wide-bandwidth fluctuations of liquidities and indicators regarding the trading volumes in CEE stock markets indicate that massive sell-offs should have seen its peak.
National currency exceeded 4.2 lei/euro threshold in early trades, on gloomy economic outlook for this year that triggered a sharp fall of leu compared to other emerging currencies.
Alex Galmeanu is probably one of the most noted fashion and portrait photographers in Romania, offering assignment work for editorial needs for various publications, such as Esquire, Elle, Readers...
Prime Minister Emil Boc and governor of National Bank of Romania, Mugur Isarescu met yesterday at 12:00 o’clock at the head office of the central bank in order to draw the macroeconomic...
International imports of goods in Romania slid 17% in November from a year earlier, while exports fell 9%, which weakened the trade deficit by nearly a quarter, according to statistics released by...
State-budget revenues dropped by 11.56% in the first 30 days of December 2008, while revenues for local budgets slid 14%, according to the data made public by Ministry of Finance on Friday. The...
The Board of Governors of Central Depository approved Libra Bank as participant to the clearing-settlement and RoClear registry system, as of January 12.
Dacia car manufacturer said it would not change car prices, which remained at this level since September 2006, according to Jacques Daniel, commercial manager of Dacia-Renault.
Blue-Air low-fare carrier will operate seven new destinations for 2009 summer timetable, from Romania to Salonic, Paphos, Napoli, Bologna, Milan, Reus and new flight from Paphos to Salonic,...
Rockmedia Network publisher, held by businessman Rachad El Jisr, will invest roughly 200,000 euro by the end-2009, in iKonect.ro project, the first business-oriented social networking site in...
Mazda Motor Europe’s retail sales for 2008 stood at 342,800 units, up 9.3% from previous year, being the highest calendar year volume ever in Europe.
The shocking bearish evolution of the local currency, now to all-time low versus euro, will likely continue, as long as the Government doesn’t come forward with a plausible budget plan. Who...
Oil company LukOil Romania is forced raise the price of fuel, if the local currency will continue to plunge, instead of shutting down filling stations, according to Constantin Tampiza, managing...
BCR Independent Trade Union Federation has notified BCR management that it has asked its members to take an industrial action on unlimited term starting on Wednesday, January 14 at 9:00 am. The...
Dacia carmaker said it would idle activity for two weeks, beginning January 26 until February 8 2009, in response to weaker demand.
The claims expressed by Banca Comerciala Romana trade union “are far from reality”, Erste Bank thus supporting the position of BCR management in this problem, said Andreas Treichl, CEO...