Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Martie 2009.
Vezi arhiva completa a lunii Martie 2009 →
Romanian wine producer Murfatlar, known for its Zestrea Pinot Noir wine, estimates a 13 percent annual increase in business this year to 200 million lei, betting on investments, despite the...
Romanian subsidiary of Greek financial group Piraeus Bank reported a pre-tax profit of over 43 mln euro, 96% more than a year earlier, growth driven by the 56% increase in loan portfolio, the bank...
The largest bank by assets in Romania, Banca Comerciala Romana (BCR), controlled by the Austrian financial group Erste, made a record 2.03 billion lei net profit last year after selling its stakes...
After many years of skyrocketing rents for commercial spaces, and heavy bets on mall-type projects, the rents are now plunging to bargain prices while retailers redraft their expansion plans and...
Leaders of Romanian companies expect a slump in production and number of workers in industry, construction, trade and services for February-April 2009, although the prices will rise, according to...
The golf community in Romania attracted nearly 500 members, which makes the business with golf courses and clubs a niche startup with an atypical evolution. Thus, even if 2008 was a prosperous year...
MOL Romania, the unit of Hungary's biggest refinery MOL Nyrt, recorded a net profit of 12 million euros last year, following a higher turnover, according to the company's GM, Zsolt Szalay (photo),...
Annual inflation rate was 6.8% in Romania in January 2009, fourfold higher than EU average, Romania recording the third highest annual inflation rate among EU Member States, reads Eurostat report.
The 14 private mandatory pension funds in Romania obtained an 8.9 percent average yield in the first nine months of existence, on net assets of 1,073 billion lei, The Romanian Pension Funds'...
ArcelorMittal Hunedoara, a subsidiary of the world's largest steel producer Arcelor Mittal, announced it opened the voluntary leave lists for all its branches, until March 13, and pledges severance...
Brokerage KBC Securities returned to the top position of brokers on the Bucharest Stock Exchange (BSE) in February, with brokered deals worth 66.95 million lei, after a weaker debut this year,...
Romania's geographic location makes it a natural transit country for trafficking in narcotics, arms, stolen vehicles, and persons. As such, the nation is vulnerable to financial crimes, including...
Romanian national currency decreased for the third session in a row by 0.18 percent, the reference exchange rate standing at 4.2896 lei per euro, while dealers suspect the central bank BNR to have...
Germany said Romania was facing liquidity squeeze and that it is currently negotiating a loan with International Monetary Fund.
Global Finance investment fund, one of the first private equity investors in Romania, is looking to make new acquisitions in Romania, willing to pump nearly 100-150 mln euros in the region.
An agreement with IMF and EU is crucial for Romania, both to restore credibility and predictability in the local economic environment, to soften lending and fillcertain financing gaps, said the...
JOBfest, one of the most noted job fairs in Bucharest, will not take place this spring due to financial crisis that has seriously impacted employers’ recruitment plans.
The local leasing market dropped 2.6 percent last year versus the previous to 4.817 billion euros following a negative impact of the car emission tax and the difficult economic context in the last...
CEC Bank, the Romanian banking market’s old-timer, with a 145-year tradition, reported 366 mln lei after-tax profit in 2008 (nearly 1 mln euros), according to the annual financial report made...
Austrian insurance company, Vienna Insurance Group said it would cut costs by roughly 100 million euros (127 million dollars) this year.
Top three low-cost airlines in Romanian aviation industry, Wizz Air, Blue Air and My Air carried in January this year nearly 203,000 domestic passengers, holding a combined market share of roughly...
Bucharest ranks 37th in the top of most expensive office locations, down two positions from last year, with Hong-Kong, Tokyo and London the most expensive locations for office spaces, reads the...
Austrian bank’s subsidiaries in Romania reported last year a combined profit of over 743.8 mln euros, up 88.3% from a year earlier, after massive funds pumped in the recent years by Viennese...
Romania’s gross domestic product hiked 2.9% in fourth quarter, moderating the annual growth to 7.1%, as the contraction of demand shrank the activity in the majority sectors of the economy,...
The statistics on Romania’s economic growth in fourth quarter 2008 have raised investors’ appetite to buy at Bucharest Stock Exchange. In early trades the market hiked 2.26%, while FIC...
Raiffeisen Bank recorded after-tax profit of 165 million euros, up 75.6% from a year earlier, according to International Accounting Standard Board, unaudited and unconsolidated.
Economic growth projections will be revised downward in all states, and Romania will not remain detached from the global events, said the governor of National Bank of Romania, Mugur Isarescu.
Romania's national currency, the leu, waved between 4.29 and 4.30 versus the single European currency this morning, showing a slight increasing trend, in tune with the emergent currencies in the...
Orange Romania, one of the leaders on the telecom market and subsidiary of France Telecom, saw a 6.2 percent rise in revenues last year versus the end of 2007, to 1.31 billion euros, announced the...
Drive-by-download components dominate February’s list of Top Ten E-Threats, according to latest BidDefender research.
Raiffeisen Bank said it planned to slow on hiring this year, thus the departure of staff will lead to a natural contraction of workforce by end-2009. In late 2008, the bank had 6,800 staff, said...
Global Finance magazine, one of the most noted international publications, shortlisted in its first mid-year update, a top of the 50 safest banks in the world, due to the wrenching financial crisis...
“I am optimistic we will run a positive economic growth in 2009, contrary to all estimates that indicate it will turn negative this year”, said the president Traian Basescu, who sees an...
The national currency resumed the downturn and approached the 4.28 quota against the single European currency, on a more hazy market than during previous days, after a brief climb at opening call,...
Life insurance market will stagnate in 2009, but AIG Life will return profit, said Theodor Alexandrescu, managing director of the company that reported profit of 62 mln lei at the end of last year.
Deutsche Telekom, Europe’s biggest telecommunication company, will meet later this month with the media representatives in Romania to make public its development objectives for local market.
Romania reported a 2.9 percent economic advance during the last quarter of the year, which sends it to the fourth position in the European Union, while the economy of other member states shrank by...
The exchange rate inched in today's early trades from 4.28 to 4.29 lei per euro as currencies in the region posted similar downward trends against the euro, NewsIn informs.
JP Morgan’s analysts and bankers outline the tight constraints on external financing of Romanian banking system, as well as the worryingly high share of foreign currency denominated loans.
Israeli developer AFI Europe will deliver at the end of this year AFI Cotroceni Park shopping center and will map a new residential project. Reuven Havar, managing director of AFI Europe Romania...