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Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Mai 2009.
Vezi arhiva completa a lunii Mai 2009 →
Comote, one of the leading mobile telecommunication carriers in Romania reported revenues up 84,4%% in first quarter this year, up to 98,1 million euros, from 53.2 million euros a year earlier.
The shattered market confidence, and reduced capital resulted from market exposure could drive many issuers to go private. Experts say companies choose to delist shares for a variety of reasons...
The reference exchange rate of the central bank (BNR) placed the leu at 4.1281 over the single European currency after the leu gained ground in the morning on region flow, NewsIn informs
Romanian carmaker Dacia unveiled the new Sandero Stepway at Barcelona Auto Show and L’Atelier showroom in Paris. The new model will be available in most of the European markets as of...
Inflation could swing around 5.5% at yearend, as Citigroup analysts revised upward their inflation projections in view of the higher-than-expected inflation readings in the first quarter, reads a...
The number of unemployed rose by 4,120 in April to the highest level of the past three years of 517,741, close to the Labor Ministry's estimates on the number of jobless people at the end of...
Raiffeisen AM, Raiffeisen’s wealth management division reported an increase in assets portfolio under management up to 250 million lei (58 million euros), reads a press release remitted by...
Romania’s Economy Ministry will pay the largest company in Romania, Petrom, 150 million euros to take over the petrochemical division Petrochemicals Arges, former Arpechim, government...
The number of companies that suspended their activity surged 13 times in April to 14,035, as voluntary liquidations advanced significantly, on a worsened economic background, according to data from...
Romania's national currency began to lose ground versus the euro despite slight increase on opening and the reference exchange rate settled by the central lender BNR advanced to 4.1380 lei per...
Investors and experts are not convinced that the market has clearly tapped an upward trend, the latest Prognosis survey found.
Erste downgraded recommendation for the stocks of power supplier Transelectrica (BSE:TEL) from “buy” to “accumulate” and lowered target price from 26.8lei to 14.4 lei/share,...
Ministry of SME, Trade and Business Environment, Constantin Nita said the introduction of poll tax is a temporary measure and that it could be abolished in fall, given the economic performance.
Romania's labor force agency ANOFM received notifications from 252 companies that plan to discharge 23,976 people in the period May-October, most of them working in the equipment and car making...
Reduction of required reserve ratio will act to spur lending, especially for small business segment, while the leu’s devaluation ratio was adequate, said the governor of National Bank of...
Romania’s largest company by market value, Petrom, reported Q1 net profit of 506 million lei, in first quarter of 2009, 48% below prior-year period, reflecting the lower oil price environment...
Gi- Group, Italy’s one of the leading HR companies, who acquired earlier this year 52% equity in local recruiter Barnett McCall Recruitment (BMR) has set a daring objective: 20-30 branches in...
Petrom sealed agreement with European Investment Bank and European Bank for Reconstruction and Development for two corporate senior unsecured loans of 200 million euros each with 12-year maturity...
One of the five financial companies in Romania, FIC Transilvania (SIF3) booked a first quarter net profit of 4 million lei, a three-fold tumble over the similar period last year, after revenues...
Prime Minister Emil Boc explained that the Executive had no other alternative but to introduce the poll tax, adding that “a law is not forever, especially amid crisis”. Minister...
Romania’s trade deficit dropped 72.8% in March, down to 566.1 million euros, for the sixth successive month on drastic fall of imports outpaced by exports’ performance, National...
The minority shareholder of Flamingo International (FLA), Flanco Holding sold on Friday;s trading session, a 1.31% equity position in FLA for 512,300 lei (123,800 euros), according to a...
Ministry of Finance is currently handling talks with the potential administrators of Fondul Proprietatea, due to be appointed within a month, said Bogdan Dragoi, state secretary of the ministry.
Epson took a 37% market share in first quarter in terms of sales, which drove the company’s retail operations 29% up from prior-year period, but dragged it down 12% from a quarter earlier.
Romania's national currency, the leu, continued to lose ground over the euro in line with the regional currencies, and the reference exchange rate settled by the central lender BNR added 0.43...
The life insurance market in Romania will go up 5 percent the most this year, five-fold below the past year’s level, owing to hike of unemployment rate and reducing of people’s incomes,...
Allianz-Tiriac, Romania’s largest insurer reported premiums written down 4.5% in first quarter, down to 351.3 million lei, and a pre-tax profit of 35 million lei.
BCR weighs on the restructuring of nearly 5,000 retail loans or secured personal loan and of 15,000 consumer credits, said the vicepresident of the bank’s retail operations, Martin Skopek.
Competition Council gave green light to Unilever NV and Unilever South Central Europe to take over ice cream brand “Napoca” previously owned by Napolact and Friesland Romania.
Romanian lender Banca Comerciala Carpatica (BCC) reported losses of 11.63 million lei in the first quarter versus 2.64 million lei net profit in prior-year period, citing 10 percent lower incomes,...
For over three years, he has been running the operations of German-based ECE Projektmanagement in Romania, and chairing the Romanian-German Chamber of Trade and Industry simultaneously. He spends...
Local pharmaceutical industry hit a value of 466.5 million euros in first quarter 2009, up 6% from a year earlier.
Romania’s national currency grew to a reference exchange rate of 4.1529 against the single European currency after dropping this morning, NewsIn informs.
Applied Economy Group (GEA) and trade unions have started to collect signatures for the pillar II pension administrators to readjust the participants’ contributions to current inflation...
Citi has revised downward its projection on the evolution of currency exchange rates, down to 3.95lei/euro by the end of 2009, versus prior forecasts of 4.12 lei/euro, reads a report released today.
FIC Banat Crisana reported for first quarter this year a profit of 68,860 lei (16,300 euros), down 98% from prior-year period.
Just 20 percent of the money assigned for road infrastructure projects in 2007-2008, respectively 1 billion euros, were used for constructing roads and highways, according to an official from the...
Romania's national currency, the leu, followed the regional evolution and lost ground versus the single European currency after short inch during the first transactions, and the central lender...
The lack of education and information is Romanians’ biggest problems when the home and property insurance issue comes up. Insurance experts polled by Wall-Street explained why you need to...
UniCredit Romania reported a 48.5% increase in operating profit, up to 45 million euros.
