Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Iunie 2009.
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EGL Romania has expressed interest in investing in renewable energy in order to become electricity provider, and revealed the possibility of developing a wind energy park with a power of 50 MW,...
Wienerberger’s hollow bricks production sites in Gura Ocnitei and Triteni will be temporarily shut down and activity will be halted, the company citing severe damage caused by the wrenching...
Increasing the variation band at the Bucharest Stock Exchange (BSE) to +/- 40 percent favors excessive price evolutions and market manipulation, declared Darius Cipariu, deputy general manager with...
UniCredit Tiriac Bank lent 4.63 million euros to GreenWEEE International to open in Buzau the biggest electric and electronic equipment waste recycling factory in south-east Europe.
Financial rating agency Fitch Ratings affirmed Romania’s long-term foreign currency issuer default rating at BB+ and long term local currency IDR at BBB+ both with negative outlook and...
The leftist coalition PSD+PC got 31.07 percent of the votes for the European Parliament (EP) poll yesterday and the center-right PDL followed closely with 29.71 percent, final results of the...
Bancpost said it would cut lending rates on loans in local currency, after slashing deposit’s interest rates by 3-4% over the past few months, according to the bank’s chief financial...
Losses of airline carriers across the world could amount to 9 billion dollars in 2009, nearly double from previous estimates on swine flu epidemic fear and global economic meltdown, according to...
Romanian power complex Rovinari contracted a one-year crediting line worth 25 million lei from BRD – Groupe Societe Generale, declared Gheorghe Davitoiu, the general manager of the complex.
The “Prima Casa” (“First House”) program aimed at helping young people acquire a home is unaccessible to most of the population and the effects will show in six months'...
The reference exchange rate posted today by the central bank (BNR) inched down by 0.03 percent to 4.2120 lei per euro on a still market and the lack of transactions led to an evolution similar to...
Erste Asset Management was the top performer in May, in local asset management market by taking over former No1, BCR AM. Erste AM reported assets under management worth 596.7million lei and a...
On sluggish market demand, the retail chains across the world are packed up and available to be sold, in a time when cash has become a scarce commodity. Under these circumstances, isn’t this...
Romania’s gross domestic product contracted in first quarter this year by 6.2% from a year earlier, according to National Institute of Statistics who revised prior estimates of 6.4% downward.
Two key members of the Deloitte Romania team have been credited with new, regional-level responsibilities, starting June 1. Already a Legal Services Partner of Deloitte Romania, Alexandru Reff, 33,...
Four companies in Romania were awarded the Best Employer title in the Best Employers Study in Central and Eastern Europe – Adobe Systems, Syngenta Agro, Tuca Zbarcea & Asociatii and...
Retail lost 9.7 percent in April year-on-year, as fuel and non-food products sales shrank18.5 percent and 7.8 percent respectively, according to National Institute of Statistics, NewsIn informs.
The ten largest insurers in Romania had an aggregated share of 77.33 percent of the market in the first quarter of the year, after posting combined gross premiums written of 1.87 billion lei...
Annual inflation rate dropped in May to 5.95%, from 6.45% in April, on food price decline and mild increase in prices for non-food products and services, National Institute of Statistics show.
Franklin Templeton Investment Management Ltd has won the race for FP’s asset management, after being selected by the special commission assigned by FP, said Enache Jiru, chairman of the...
Europe and Asia-pacific take different approach in view of global recession KPMG international survey found. Companies in Japan, Singapore, India are more advanced in post-recession planning, while...
The benchmark exchange rate posted by the central bank today inched down by 0.29 percent to 4.1998 lei per euro, but the leu swayed throughout the session even above 4.20 per euro, on regional...
Visa Europe and its affiliated banks in Romania are proposing a new round of initiatives to combat the underground economy, through electronic payment systems, reads a press release remitted by Visa.
The use of internet banking services is expected to grow by 15% by 2010 in case of small companies in Romania and by 12% in case of medium and large sized companies, a recent GfK Romania survey found.
IMF representative for Romania and Bulgaria, Tonny Lybek said Romanian economy had failed to meet IMF’s forecasts in first quarter and that IMF mission due to arrive in August would assess...
The leftist coalition PSD+PC picked up 11 seats at the European Parliament (EP) elections on June 7 while the center-right PDL followed by narrow margin with 10 seats, final results of the Central...
Romania's national currency, the leu, appreciated slightly by 0.05 percent to a benchmark exchange rate of 4.1977 against the euro, as the national currency's float was reduced on a market...
For the managing director of cargo handling and storage service provider Socep Constanta (SOCP), Cristian Ianca, the industry faced the first wave of financial crisis in November. Since then, the...
IMF will disburse the second installment worth 1.718 billion SDR (around 1.9 billion euros) of the financial package granted to Romania on September 15, given the completion of the first review...
ING Bank Romania has revised downward this-year GDP contraction from -3.5% to -7.1% while the economic growth is expected to turn positive as late as in third quarter 2010, reads the bank’s...
Romanian economy could resume growing as late as in third quarter, said the deputy governor of National Bank of Romania, Eugen Dijmarescu, who had said in a previous statement that the...
Tiriac Imobiliare, part of Tiriac Holding Group held by Ion Tiriac, has put on hold 1bln-euro real estate project in Otopeni area, for which the construction works were planned to start next year.
National Bank of Romania is likely to bring its policy rate to 7.25% by the end of this year from current level of 9.25%, while inflation will display a downward trend for the remainder of this...
National Bank of Romania has passed amendments brought to Central Depository’s code in securities lending. The last stage in implementing the new instruments is the approval by Romanian...
FIC Transilvania (BSE: SIF3) and FIC Moldova (SIF2) are talking with the majority shareholder of Bancpost, EFG Eurobank, the sale of their interest in the Romanian bank, chairman of FIC...
Black Sea Properties (BSGP), owned by Dinu Patriciu will launch a takeover bid for a majority ownership in Rutley European Property.
Persons interested in taking a loan through the “First Home” incentive program will pay interest rates on average 42 – 49 percent smaller than on the market right now, declared...
President Traian Basescu declared today at a government meeting that the central lender's optimism is not justified as long as there will a drop in the country's gross domestic product...
Forecasts on Romania’s economic growth released over the last month indicate a poorer performance of the national economy for the remainder of this year. If in January, the majority of the...
Stere Farmache, chairman of BSE said short-selling by investors would be introduced at the Bucharest Stock Exchange but only for liquid stocks in a first stage, once Romanian National Securities...