Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Septembrie 2009.
Vezi arhiva completa a lunii Septembrie 2009 →
Moody’s rating agency announced outlooks for European retailers remained negative, despite their proved resilience to the downturn, but has the potential of stabilizing.
Before the suspension of MyAir’s license on July 22, the Italian owners of the carrier played their trump card to escape bankruptcy: a sell bid to Blue Air.
A&D Pharma, the largest pharmaceutical group in Romania appointed Claudiu Manolescu as investor relations director. He will replace Cristian Barbulescu.
The crisis that took hold of the Romanian economy in September has removed the elite companies in banking, constructions, real estate and automotive industry from the spotlight. The largest...
Uncollected receivables represent the greatest threat to private companies, creating cash shortages in 80% of the companies, according to a survey conducted by R&M Audit, the sixth largest...
InBev Romania brewing company said it would halt production at its bottling plant in Blaj for six months, sending 110 workers in temporary layoff.
The official exchange rate set by the National Bank of Romania inched up 0.02 percent to 4.2665 lei per euro, after a calm debut, with low transactions, the national currency following the general...
Virgil Oroviceanu, aged 35, is the new sales director of GoodBev, local importer of Royal Crown Cola, world’s third largest soft-drink maker.
After cancelling flights from Suceava airport on September 16 citing reduced number of passengers and incompatibility between the runway and its Boeing 737 aircrafts, Blue Air has decided to...
“It’s time to be my own boss”, pharma executives like Roberto Musneci (ex-GlaxoSmithKline), Dragos Dinu (ex-A&D Pharma), Nicolae Voiculescu (ex-Novartis) and more recently...
IMF’s mission chief to Romania, Jeffrey Franks said yesterday after the completion of the first review under the stand-by arrangement with the country and the subsequent disbursement of the...
Orange and Research In Motion today announced the launch of BlackBerry Curve 8520 smartphone in Romania. The BlackBerry Curve 8520 is the latest addition to BlackBerry Curve series will be...
Romanian brokerage house Intercapital Invest agreed to buy 99.99% shares in Investica Asset Management held by UDMR senator Verestoy Attila. The deal is a premiere for the local capital market as...
The official exchange rate settled by the National Bank in Romanian fell to 4.2552 lei per euro, after the International Monetary Fund (IMF) announced last night it will disburse the second SDR...
Central Depository has admitted Volksbank Romania as participant to the clearing settlement and registry system in the role of custodian agent and Piraeus Bank as a new member, according to a press...
Porsche Leasing Romania closed 4,103 new auto leasing contracts worth €72 mln in the first half, versus €221 mln by Porsche Finance Group in the same period last year, according to data...
Romania's public debt rose by 26.5 percent in July compared to end-2008 and reached 138.83 billion lei, accounting for 27.92 percent of the gross domestic product (GDP) revised for the year,...
Despite the introduction of the First Home scheme, a number of banks have reduced the average costs of traditional mortgage loans in euro and started to promote them aggressively. However the banks...
The board of International Monetary Fund gave a positive assessment of Romania’s economic performance after the first review of the country’s economy under a program supported by a...
The public pension system in Romania is subject to “huge pressures” and is “impoverished” by too high expenditures so as to keep relying on state budget sustenance as a...
The official exchange rate settled by the National Bank of Romania dropped 0.6 percent to 4.2293 lei per euro, its highest level of the past two weeks, the national currency showing opposite trend...
Total non-government loans granted by credit institutions increased in August by 0.4% month-on-month when expressed in lei, up to 198.68bln lei. However, the annual growth pace weakened to 8.2%...
Accor, Europe’s largest lodging corporation opened its fourth Ibis hotel in Romania, at an estimated project cost of €9 mln.
Raiffeisen Bank Romania was the recipient of a €25mln subordinated loan from European Bank for Reconstruction and Development (EBRD) under a €150 million financing package for three...
Businessman Marius Ghenea acquired PC Garage, one of the country’s largest online retailers, the deal being confirmed to Wall-Street by Gabriel Vasile, chief executive of the company.
Marian Alecu resigned as managing director of McDonald’s Romania after heading the restaurant chain’s operations in the country for 12 years, for “pursuing own ventures”,...
Countries with high levels of electronic payment usage, such as the United Kingdom and the Netherland, have smaller shadow economies than those with minimal levels of electronic payments such as...
In first half this year, Romanian economy plunged 7.6%, payments fell 25% while number of jobless climbed 50%. Factoring in the 10,000 bankruptcies brings Romania to the top of the list of...
The market research company GfK Romania will open a new branch in Iasi, for which the estimated costs is around €1mln.
The official exchange rate settled by the National Bank of Romania fell to 4.2132 lei per euro, the lowest rate of the past six weeks, while the one established for the U.S. dollar hit one-year low...
The chocolate market in Romania is likely to grow 10% this year, due to poor economic conditions. However, the demand is expected to pick up no sooner than second half 2010, according to Kraft...
Romanian companies are among the most bullish in the region when it comes to the general prospects of the country’s economy over the next six months (38.5% expect improvement, a percentage...
Xerox Romania, the fully-owned subsidiary of the world’s largest maker of high-speed color printers, said it had completed a $1.8 mln project started in June.
Sanofi-Aventis, France’s largest drugmaker, who controls Zentiva (present in the local market after the acquisition of Sicomed Bucharest), appointed new HR and Corporate Social Responsibility...
As the race for deputy leadership of the National Bank of Romania heats up, new candidates are throwing their hat in the ring for this year’s elections: former member of the EU Parliament...
Romanian economy is likely to contract by 7.7% in 2009, following to nudge back into positive territory in second quarter next year to 1% above Q1 2010 level, according to the forecasts of the...
The financial crisis that erupted in September last year has placed severe pressure on automotive suppliers and dealers and led to job losses, production slowdown, pushing car sales to rock-bottom...
The official exchange rate settled by the National Bank of Romania dropped 0.20 percent to 4.2046 lei per euro, the lowest level of the past eight weeks, after the national currency continued its...
Dinu Malacopol has a 22-year experience in the telecommunication industry. Holder of an MBA degree in marketing, Malacopol started his professional career at Romtelecom. He later on joined MCTI,...
Romanian economy is likely to contract by 7.7% in 2009, following to nudge back into positive territory in second quarter next year to 1% above Q1 2010 level, according to the forecasts of the...