Arhiva Wall-StreetEnglish-Version / Noiembrie 2009 / pagina 3 din 5

Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Noiembrie 2009.
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  • Electricity demand depends on...
    12 Noiembrie 2009

    Electricity demand depends on the strategy of large consumers

    Electricity demand in Romania is expected to remain at 2009 level this year, but it will largely depend on the strategy of large electricity consumers, according to the National Energy Regulation...

  • Midday Forex: Leu firms...
    12 Noiembrie 2009

    Midday Forex: Leu firms slightly vs euro

    The benchmark exchange rate set by the National Bank of Romania fell 0.02 percent to 4.2952 lei per euro, following leu’s increase in the early trades, in line with its peers in the region,...

  • Impairment provisions beset...
    12 Noiembrie 2009

    Impairment provisions beset Unicredit Tiriac Bank's 9-month profit

    UniCredit Tiriac Bank, fully-owned by Italian-based UniCredit, reported 9% YoY decline in net profit for the nine months through September, to 252 million lei (€59.7 million), weighed down by...

  • IMF: A budget gap larger than...
    12 Noiembrie 2009

    IMF: A budget gap larger than 5.9% is not enough to disburse the tranche

    IMF said it wants to look at the 2010 budget, especially at the structure of expenses, before approving the disbursement of the third tranche to Romania under stand-by agreement, said the...

  • Holcim Romania sold 14.7%...
    12 Noiembrie 2009

    Holcim Romania sold 14.7% less cement in Jan-Sep

    Holcim Romania, the fully-owned subsidiary of Swiss-based cement maker Holcim, reported a 14.7% decline in cement and clinker sales for the first nine months this year compared to the same period...

  • Romanian leasing market...
    13 Noiembrie 2009

    Romanian leasing market plummeted 74% in Jan-Sep

    Romanian leasing market contracted by 74% in the nine months ending September 30, to a total value of leasing contracts of €1.07 billion, largely weighed down by car and equipment segment,...

  • 9 in 10 employees are not...
    13 Noiembrie 2009

    9 in 10 employees are not motivated in the workplace

    More than 9 in 10 employees (94%) stating that recent organizational changes have been incorrectly managed admitted they are not motivated in the workplace, according to a recent survey conducted...

  • Millennium bcp widens loss on...
    13 Noiembrie 2009

    Millennium bcp widens loss on Romanian operations

    Millennium bcp reported Q1-Q3 loss of €26.7 million for its operations in Romania 22.4% higher than €21.8 million last year, in the context of a struggling economic environment, the...

  • CNH, the sole company to...
    13 Noiembrie 2009

    CNH, the sole company to receive subsidies in 2010

    CNH is the sole company to receive subsidies in 2010, of the ten companies monitored by the state under the IMF/EU agreement, Tudor Serban, state secretary at the Ministry of Finances said earlier...

  • Auchan opens seventh...
    13 Noiembrie 2009

    Auchan opens seventh hypermarket in Romania

    Auchan opened the seventh hypermarket in Romania, at Timisoara inside Iulius Mall, which will employ 350 people.

  • Midday Forex: Leu slightly...
    13 Noiembrie 2009

    Midday Forex: Leu slightly weaker vs euro

    The benchmark exchange rate set by the National Bank of Romania increased 0.03 percent to 4.2967 lei per euro, after early-session depreciation of the national currency in quiet trading, NewsIn...

  • Farmaceutica Remedia swings...
    13 Noiembrie 2009

    Farmaceutica Remedia swings back to profit in Q3

    Drug distributor Farmaceutica Remedia (ticker: RMAH) reported a profit of 606,503 lei (€143,000) for the third quarter this year, after 1.07 million lei loss in Apr-Jul 2009 period.

  • EIB lends EUR395 million to...
    13 Noiembrie 2009

    EIB lends EUR395 million to Romania

    The Ministry of Finance and European Investment Bank have finalized negotiations for €395 million loan to support the modernization of Bucharest metro network, Line 5 Drumul Taberei -...

  • World Bank sees Romania's...
    13 Noiembrie 2009

    World Bank sees Romania's economic growth at 2%

    World Bank expects Romania’s potential economic growth rate to stand near 2% over the next two years, from previous forecasts of 4%.

  • Unemployment, the No. 1...
    16 Noiembrie 2009

    Unemployment, the No. 1 challenge for 2010

    October statistics suggest the number of jobless jumped to highest in five years and a half: 654,000. And the 2010 outlook remains daunting, since companies will proceed with caution when it time...

  • Romania GDP fell 0.7% in Q3
    16 Noiembrie 2009

    Romania GDP fell 0.7% in Q3

    Romania’s economy remained weak throughout the third quarter this year, contracting at 0.7% quarterly rate, and by 7.1% from the same period of last year, statistical office said.

  • Competition Council opens...
    16 Noiembrie 2009

    Competition Council opens antitrust probe in telecom

    Competition Council has opened two inquests into whether the country’s telecom giants, Orange Romania, Vodafone Romania and Cosmote violated antitrust laws by giving retailers inducements not...

  • International Finance...
    16 Noiembrie 2009

    International Finance Corporation picks up 3.62% stake in BT

    International Finance Corporation (IFC), the World Bank’s private-sector lender has picked up 3.62% equity in Romanian Banca Transilvania, by converting $20 billion-worth bonds it holds since...

  • Aviva Investors launches...
    16 Noiembrie 2009

    Aviva Investors launches open-end property fund

    Aviva Investors will launch by the end of the year Real Estate Opportunities, an open-end property fund with a startup capital of €7.5 million, according to real estate consultant, DTZ...

  • Antibiotice's profit fell 7%...
    16 Noiembrie 2009

    Antibiotice's profit fell 7% in Q1-Q3

    Local drug maker Antibiotice Iasi (ticker: ATB) said its profit fell 7% in the Jan-Sep period, to 15.7 million lei (€3.7 million), from the same period of last year.

  • OTP Bank's impairment...
    16 Noiembrie 2009

    OTP Bank's impairment provisions up nearly four times

    OTP Bank Romania, one of Romania’s mid-sized banks said its net profit for the nine months ending September 30 stood at 779 million forints (€2.7 million), versus 196 million forints...

  • Midday Forex: RON/EUR edges up
    16 Noiembrie 2009

    Midday Forex: RON/EUR edges up

    The benchmark exchange rate set by the National Bank of Romania advanced 0.03 percent to 4.2978 lei per euro, on quiet trades in the interbank market, the euro trading between 4.2960 and 4.3030 lei...

  • Will Romania emerge from...
    17 Noiembrie 2009

    Will Romania emerge from recession sooner than expected?

    The Gross Domestic Product fell in the Q3 this year by 0.7% from previous quarter, while compared to the same period of last year, the GDP dropped 7.1%. Conclusions are optimistic: Romania could...

  • Sanofi Aventis buys another...
    17 Noiembrie 2009

    Sanofi Aventis buys another 0.77% in Zentiva

    Sanofi Aventis, the majority shareholder of Zentiva Romania (ticker: SCD) acquired late last week, 0.77% of the company for 2.24 million lei (€0.51 million).

  • Seasonality lifts durable...
    17 Noiembrie 2009

    Seasonality lifts durable goods sales in Q3

    Local durable consumer goods market increased to €336 million in third quarter this year, from Q2 €308 million, GfK TEMAX study shows.

  • Bucharest metro workers go on...
    17 Noiembrie 2009

    Bucharest metro workers go on strike

    Workers of the Bucharest underground train service, Metrorex will go on unlimited strike tomorrow, over the results of today’s negotiation with Radu Berceanu. Metrorex will thus disrupt the...

  • KPMG in Romania, 15 years on:...
    17 Noiembrie 2009

    KPMG in Romania, 15 years on: EUR33.3 mln turnover

    Audit and financial advisory company KPMG said its annual turnover stood at €33.3 million in the fifteenth year of operation in Romania, compared to €32.6 million in the previous fiscal...

  • Midday Forex: Leu up in quiet...
    17 Noiembrie 2009

    Midday Forex: Leu up in quiet session

    The benchmark exchange rate set by the National Bank of Romania fell 0.04 percent to 4.2962 lei per euro, in a fairly quiet session, without significant transactions as the leu moved in a narrow...

  • ING improves Romania...
    17 Noiembrie 2009

    ING improves Romania full-year economic forecasts

    Romania’s poor economic performance throughout the first quarter may mark the worst point of recession, and could lift the full-year economic contraction to 6.7%, while unemployment rate...

  • NBR cuts reserve requirements...
    17 Noiembrie 2009

    NBR cuts reserve requirements for FX liabilities to 25%

    The policymaking group of the national Bank of Romania has cut today the required reserve ratio for fx-denominated liabilities from 30% to 25% citing “the delay in the disbursement of...

  • FIC sector closes down 1%
    17 Noiembrie 2009

    FIC sector closes down 1%

    Shares of financial investment companies (BSE: SIF) closed down 1percent while the Bucharest Stock Market retained modest gain of 0.35percent, as stock-buying lost steam towards closing after US...

  • NBR: Inefficiency of tax...
    18 Noiembrie 2009

    NBR: Inefficiency of tax policies had to be compensated

    Putting off the disbursement of the third tranche under the aid deal with International Monetary Fund urged the policymaking board of the National Bank of Romania to hold a “special...

  • Erste raises EUR1.74 billion...
    18 Noiembrie 2009

    Erste raises EUR1.74 billion in rights issue

    Erste Group Bank, that holds Banca Comerciala Romana, said it had raised €1.74 billion in capital in a rights issue closed yesterday, a day earlier than scheduled, the final price being...

  • Dacia unveils name and design...
    18 Noiembrie 2009

    Dacia unveils name and design of sixth Duster

    Local carmaker Dacia will premier the new Duster, the lines of which preview the 4x4 model that is due to go on sale in 2010, the company said.

  • Midday Forex: Leu moves...
    18 Noiembrie 2009

    Midday Forex: Leu moves higher vs euro after RRR cut

    The benchmark exchange rate set by the National Bank of Romania fell 0.08% Tuesday to 4.2928 lei/euro, the lowest in three weeks, a day after the central bank cut the reserve requirements for...

  • ANEIR: Economic crisis is far...
    18 Noiembrie 2009

    ANEIR: Economic crisis is far from over

    Despite the positive signals from the local authorities, Romania is still far from seeing the bottom of the economic downturn, and exports are likely to pick up as late as first half 2010, even if...

  • Landlords offer free-rents...
    18 Noiembrie 2009

    Landlords offer free-rents periods to lure tenants

    The strategy of retail property owners has been adopted by office space landlords, who now offer competitive tenant incentives, such as more favorable lease terms or even rent-free periods, in an...

  • FIC shares lead the stock...
    18 Noiembrie 2009

    FIC shares lead the stock market to lower close

    Bucharest Stock Exchange fell modestly Tuesday, as composite index closed 1.40% lower, while the shares of financial investment companies (BSE:FIC) decline averaged 1.70%, as external markets...

  • Foreign banks in Romania to...
    18 Noiembrie 2009

    Foreign banks in Romania to meet with NBR, IMF and EC at Brussels

    The nine biggest investors in Romania’s banking sector will meet today at Brussels with the representatives of National Bank of Romania, International Monetary Fund and European Commission to...

  • Sterling Resources considers...
    19 Noiembrie 2009

    Sterling Resources considers selling offshore exploration concession in Romania

    Calgary-based energy company Sterling Resources considers selling its offshore oil exploration concession in the Black Sea, said Cristian Petrescu, member of industry commission within Deputy...

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