Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Noiembrie 2009.
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The government formed by prime minister designate Lucian Croitoru failed to receive the votes from the Parliament yesterday, with 250 negative votes against 189. Traian Basescu is due to nominate...
UPC Romania, the second largest cable operator reported the first growth in revenues of the past two years, according to the financial statement of US-based Liberty Global, the parent company of...
New orders in industry fell 19.3% in September from year-ago period, but picked up when compared to August, according to data provided by the National Institute of Statistics.
Cosmote Romania, third largest mobile network operator said its revenues jumped 52.6% in the nine months through September this year, from €203.4 million in 2008 to €310.4 million at the...
Unilever, one of the world’s largest consumer-products company said its after-tax profit for the first nine months fell 33% to €2.7 billion, while its turnover dropped 1% to €30.1...
The companies under Microsoft Ecosystem in Romania are expected to generate more than 2.6 billion lei (€604.5 million) own revenues in 2009, figures conditioned by 888 million lei investments...
KLM Royal Dutch Airlines will be the first airline in the world to make a demonstration flight using an eco-friendly fuel mixture.
The benchmark exchange rate set by the National Bank of Romania fell insignificantly by 0.02 percent to 4.2995 lei per euro in quiet trading, without major transactions, the national currency...
The unpaid furlough days could be given to civil servants in November and December, after the enactment of the Law on the reorganization of public institution, thus reducing the number of public...
Although the Romanian economy could contract by as much as 8% this year, analysts expect the country to do better in 2010 and achieve positive growth, however modest that may be. Wall-Street...
The National Bank of Romania has lifted its target range for year-end inflation rate, from 4.3% to 4.5%, on price increase generated by tobacco excises.
The disbursement of the third tranche under the aid program with the International Monetary Fund has been put off, as the government failed to put in place the agreed programs and reforms before...
Transgaz Medias (ticker: TGN) said its net profit for nine months ending September 30 grew 5.7% to 189.3 million lei (€44.7 million) from the same period of last year, on 4% increase in turnover.
World’s biggest cement maker Lafarge recorded a 34.4% decline in sales for its operations in Romania for the nine months ending September 30 year-on-year, the company said in its quarterly...
Selgros Cash&Carry has filed a legal action against Flamingo International (BSE: FLA) regarding the initiation of insolvency proceedings over 70,000 lei outstanding debt, according to a press...
The National Bank of Romania, IMF and European Commission haven’t changed their strategy at keeping foreign banks’ exposure to Romania at 31 March level, said the deputy governor of...
The current political environment and the lack of a government to submit the 2010 budget to the Parliament has held back the completion of the program review of the International Monetary Fund and...
Delayed projects, low occupational demand, rents at rock bottom and shopping centers that deferred payment of rent – is what describes the real estate market after first nine months, Jones...
The benchmark exchange rate set by the National Bank of Romania fell 0.05 percent to 4.2968 lei per euro, after slight advance of the national currency in the early trades, in line with the...
The Authority for State Asset Recovery (AVAS) has decided to cease post-privatization monitoring and indexing of documents afferent to post-privatization monitoring of share buy-sell agreement for...
GfK Romania is the first market research company to launch a project in Virtual Bucharest, on the social networking platform, Second Life.
Romania’s trade gap narrowed by 61.4% in the first nine months this year to €6.93 billion, as imports fell 36% from year-ago period to €28.1 billion and exports decreased 18.3%...
Allianz-Tiriac Asigurari, Romania’s largest insurance company, said its income from gross premiums written fell 6% in the nine months through September 30, to 971 million lei (€229.6...
The new prime minister designate, Liviu Negoita has drawn up the list of ministers, which largely contains the same names proposed by his predecessor, Lucian Croitoru.
Expert Petroleum, a Romania-based oil and gas company focused on the rehabilitation of mature oil and gas fields, said it would receive $25 million from Lime Rock Partners, US-based energy-focused...
Societe Generale said it named Bernard Histe, former head of consumer credit unit Croatia, as managing director of Romanian BRD Finance. Histe will succeed Vincent Delatte who assumed another role...
In a time when Romanian brokerage market is at the edge of survival, in the midst of a crisis that forces companies to look outside of their business for other profit making opportunities, Adrian...
The impact on banks of the differences between Romanian GAAP and IFRS increased in 2008 and continued to do so in 2009, according to a KPMG survey of 15 banks.
Professionals are optimistic about private equity coming back on track, Deloitte Private Equity Index shows.
Profit of Romanian commercial banks increased to 680 million lei (€160 million) at the end of third quarter this year, from 90.1 million lei reported in June 30, 2009, and from 209.4 million...
Petrom, Romania’s biggest company reported better-than-expected decline in net profit for the third quarter, of only 2% to 615 million lei year-on-year, on 10% increase in earnings before...
Banca Comerciala Carpatica, headed by businessman Ilie Carabulea reported loss of 2.458 million lei (around €571,000), while net earnings for Q1-Q3 2009 fell to 5.881 million lei (€1.38...
The first half of 2009 saw extremely low levels of European financial services M&A activity. However, as we move towards and into 2010, an increase in deal activity is on the cards.
The National Bank of Romania set a benchmark exchange rate of 4.2961 lei/euro today, down insignificantly from yesterday’s rate of 4.2968 lei/euro in quiet trading, in line with the regional...
A part of the state and public universities in Romania, accredited by the Ministry of Education, avoid making public their financial activities for 2008, either on their own website or on the...
Romania annual inflation rate dropped in October to 4.3%, as consumer prices increased 0.44% from September, led by services and non-food products, according to data provided by the National...
The shareholders of Romania’s second largest bank, BRD, held by French-based Societe Generale will hold a General Meeting on December 14 to appoint a new chief executive to assume the role of...
Although the South-Eastern Europe at large is still below Western region, HTC, one of the largest smartphone makers sees Romania as a country with attractive returns prospects, and ranks it third...
Romania’s balance of payments fell into the negative territory in September after €150 million surplus in August. Nine-month deficit reached €3.13 billion, down 74.6% from the same...
Romanian car industry could stand below 120,000 cars this year, down 55% from a year earlier. However, the market may see a rebound in its sluggish sales as late as in summer 2010, Stavros...