Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Ianuarie 2009.
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With the Bucharest stock market slightly falling down in the first week of 2009, and bottom dropping out of the local currency, the question ‘Where to invest in 2009?’is now on all...
King Sturge acted as real estate consultant for the latest lease in Conect Business Park 3, located in northern Bucharest, in the near vicinity of Bucharest-Brasov highway, where BauMax has...
The data made public today affirm a new failure of the inflation target of National Bank of Romania (BNR) of +/-3.8% for the end of 2008.
Unemployment rate rose to 4.4% in December 2008, by 0.3% more than prior month, while number of jobless increased by 26,470, according to National Labor Department (ANOFM).
Last year, traditional airline operator carried 550,000 passengers on its flights to and from Romania, up by 10% from 2007.
Intact media group said it would cut salaries of its all employees, as part of a cost-reduction plan to overcome crisis. Publimedia International will undergo a costs overhaul, including salaries....
The euro will likely rally up to a top 4.7lei/unit resistance level in third quarter this year, in the light of deepening recession in the developed economies and narrow intervention of BNR in the...
The stock market in 2001-2007 timeframe was marked by a high risk appetite of investors, whereas this year we will witness a heightened risk aversion in making long-term stock acquisitions in the...
Dacia may lay off its roughly 3,000-4,000 workers if the sales of new cars will not scale back up, said the communication director of Dacia Plant, Liviu Ion.
As of January 2009, Tiriac Holdings, controlled by billionaire Ion Tiriac, one of the wealthiest Romanian businessmen, has appointed a new CEO, Petru Vaduva, aged 48.
Any investment in the financial market requires capital, a strategy and a well-structured portfolio and risk management. In the context of a bearish stock market, the risk appetite will plunge in...
As of January 2009, Tiriac Holdings, controlled by billionaire Ion Tiriac, one of the wealthiest Romanian businessmen, has appointed a new CEO, Petru Vaduva, aged 48.
The Romanian economy has started feeling the effects of the global financial turmoil and as such many Romanian companies, in the absence of alternative financing sources, start entertaining...
The restricted market activity at Bucharest Stock Exchange it’s directly affecting the utmost of brokerage firms. Independent SSIFs are open targets, enterprises who don’t benefit of...
Kia Motors Corporation recorded 8.4% global sale growth in 2008, with 1,375,758 cars sold.
Although the strategy and budget plan of Metro Cash & Carry will not be completed any sooner than February-March, representatives of the retailer say the company will switch off both the...
Banks will have the possibility of calculating a “higher indebtedness level for the borrowers that have high-quality real estate assets as collateral for their credits”, however lending...
Although the National Bank of Romania (BNR) decided last week to relax the credit standards, real estate advisors say this was a necessary measure, yet not sufficient to steady residential market....
Arcelor Mittal Galati steel plant said it would reduce activity in the following period, the management estimating a maximum production output of 3 million tons of steel by 2012, said the chairman...
Romtelecom, the biggest landline telecommunication operator, might be interested in buying the satellite television (DTH) platform, Boom TV, operated by DTH Television Group, according to...
AT Kearney advisory firm selected and compiled 12 tips and strategies for Romanian companies on how to cope with financial crisis.
European Commission expects a severe slowdown of the economic growth, down to 1.75% at a deepening budget deficit to record 7.5% of gross domestic product.
Avitech closed year 2008 with 18.6 million euros, up 34% from a year earlier, according to own statements.
Banca Romaneasca, member of National Bank of Greece started today its activity as participant to the clearing settlement and registry system - custodian agent at Central Depository.
Auchan’s Romanian subsidiary said earlier today it had acquired 51% of the capital of MGV Distri-Hiper, thus increasing its shareholding to 100%. This is the first transaction in Romanian...
National Prognosis Commission (CNP) estimates an average gross salary of 1,820 lei, up 5.8% compared to the median of gross salaries in 2008, and 1.3% lower than the average gross salary calculated...
The stock market took a mild nosedive in this week’s early trades, at a low liquidity of 2.6 million euros. Experts polled by Wall-Street say the somber projection of European Commission and...
EBS, Cluj-based software said it increased business significantly on yearly basis, now reaching to 5.64 million euros, up 73% from a year earlier.
After a two-year-mandate, Jonathan Soper (photo) is to hand over the reigns of InterContinental hotel in Bucharest, and will be replaced by German Marten Schoenrock, as of tomorrow.
Media companies have witnessed various economic cycles in recent history, but the magnitude of the impact expected this year might force the industry to reinvent itself. New business models for the...
This year, telecom operators will increase focus on attracting clients from the competition in he current market conditions and the penetration rate.
Then impact of leu’s downslide since the beginning of this year, over credit portfolio of BCR will depend upon the weight and the length of this trend. However, an exchange rate above 4.9...
Bankers have different insights regarding this year’s evolution of the currency exchange rate: some see a permanent downslide throughout the following months, forecasting a 4.2lei/euro rate...
Coface sees a milder slowdown of the economic growth, at 2% in Romania this year, if the foreign trade will shrink, according to data made public by the company.
Exporting and manufacturing countries, and countries with strong experience in alternative energy, infrastructure, tourism, pharmaceuticals companies could benefit from the new US administration...
The likelihood of a decline of Romanian economy is low, as the official prognosis indicates a 2.5% advance, said BNR vicegovernor, Cristian Popa, at the Euromoney conference in Vienna.
Romania has low odds to avoid a recession in 2009, given the weakening foreign trade, sagging industrial production and constructions, which can spawn a 3.5% contraction of gross domestic product...
Launched in December 2008, Civitas Global Ketchum is the newly formed agency after the sealing of joint-venture pacts between two leading communication agencies in Greece and Turkey and a...
Mazda and UniCredit Leasing have jointly launched the first finance facility in the local market, Mazda Finance.
Sybase, the largest enterprise software and services company exclusively focused on managing and mobilizing information, today announced that it has acquired paybox Solutions AG, a global leader in...