Arhiva stirilor, noutatilor si articolelor publicate in sectiunea English-Version pe Wall-Street in luna Iulie 2010.
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European Commission found that the proposed acquisition of Plus Bulgaria and Romania by the German-based retail group Lidle would affect the competition in the local consumer-goods market, the...
President Traian Basescu enacted the Law on the €395 million finance contract with the European Investment Bank to support the modernization of Bucharest metro line, Drumul Taberei –...
Czech-based CEZ has offered state electricity supplier Electrica €1 million for the 37% stake the state holds in CEZ Services, but the offer is likely to be rejected for being too low.
Romanians have gone on a veritable currency shopping spree at the exchange offices in Bucharest, for fears of a further depreciation of the Romanian leu.
State-run energy producer Craiova Energy Complex said it would pay €96.4 million for the construction of two flue-gas desulfurization plants at the No. 7 and 8 power units in Isalnita.
Vinexport Romania, one of the largest winemakers in the domestic market, predicts sales in China to top €1 million.
MedLife, the largest provider of healthcare services in Romania, said it had completed the €3 million acquisition of 80% stake in Diagnostic Rapid polyclinic in Brasov.
The National Bank of Romania set a reference rate of 4.3688 RON/EUR – a new record low for the national currency, while RON/USD rate dropped to 3.5617.
The board of the National Bank of Romania has decided today to hold key interest rates at record low of .25%, due to uncertainties regarding the economic developments.
Robert Lough will take on the director of strategy and business development responsibilities for Aviva Europe with effect from 1 July 2010.
Stocks at the Bucharest Stock Exchange traded higher today, after four days of losses.
After Rupert Murdoch unveiled his vision about imposing a fee on online content, one year later, Romanian online publishers were already taking it into consideration. In an interview to...
Romanian entertainment and media market worth $2.3 billion in 2009, will grow by 60% by 2014, to $3.5 billion. The compounded annual growth rate will be 9.1%, according to “Global...
The National Bank of Romania set a reference rate of 4.2613 lei against euro, down 1.01% from Friday, and 3.4001 lei against dollar, down 1.20%.
The annual inflation rate will increase 3-4% in a first phase, following the VAT hike by 5%, said Cristian Popa, deputy governor of the National Bank of Romania.
ING Bank Romania has revised its inflation forecast for this year, from 4.1% to 7%, following the VAT hike and depreciation of the national currency, according to the report released on Monday by...
The National Bank of Romania released the list of ten largest banks in the Romanian market by market share calculated based on assets under management. The list suffered moderate changes in 2009,...
The National Bank of Romania set a reference rate of 4.2393 lei/euro, down 0.52% from the Monday rate, as the national currency continues to rebound after last week’s massive drop.
The nine largest banks in Romania will not request any waiver from their commitments to IMF, European Commission and the National Bank of Romania made on July 22 in Brussels to keep exposure in...
Alexander Hergan (63), one of the most discrete real estate investors in the local market has stepped down as chief executive of Avrig 35 group, the developer of Charles de Gaulle Plaza and...
The Government decided today to slash 2,529 jobs in the Ministry of Labor and from adjacent institutions, namely 19% of its total workforce, a measure that would bring 25% savings in payroll expenses.
UniCredit has revised growth outlook for Romania’s economy: the new scenario factors in the negative impact of the VAT hike over consumption, and indirectly over investments which will be...
As of July 12, PricewaterhouseCoopers Romania will move its Bucharest headquarters into a new office building on Barbu Vacarescu, where it rented 7,000-sqm space, double the size of the one PwC...
The Competition Council has given the green light to the acquisition of Wella Romania by Interbrands Marketing & Distributions.
The National Bank of Romania set a reference rate of 4.2285 lei/euro today, 0.08% below yesterday level, and 3.3414 lei/dollar, as the national currency grew steadily after a massive drop last week.
Stocks at the Bucharest Stock Exchange recorded modest gains today, after a three-day retreat led by ROTX index.
President Traian Basescu said that if the Government failed to take any cost-cutting measures, in March 2011, Romania would have to take a new loan to stimulate consumption and stressed that this...
The National Bank of Romania set a reference rate of 4.2375 lei/euro, 0.21% above yesterday level, as the leu fell steadily in the inter-bank market.
US-based supplier of equipment and services for the oil and gas industry, Lufkin Industries, said it would build a manufacturing plant by 2012 near Ploiesti, investment estimated at USD 126 million.
The National Bank of Romania should lift the key rate by at least 50 basis points until 2011, due to mounting inflationary pressures, said Nicolae Albu, Erste Asset Management director.
Monthly inflation rate increased in June to 0.16% on lower food prices, while on an annual basis, consumer prices rose 4.38%, according to data released by the National Institute of Statistics.
The VAT hike’s impact over the property market in Romania will be indirect only, by the household income decline, but it will not bring the real estate industry to a complete standstill, said...
Romania recorded a trade deficit of 3.982 billion lei (€957 million) in May this year, 702.3 million lei (€174.4 million) higher than year-ago period.
The national dividend distribution system launched by the Central Depository this year, has become operational today, after a company requested dividend payout to be made under the program, the...
Petrom, the largest company in Romania signed a contract for cumulative production enhancement out of nine onshore fields in Ticleni area by at least 50%, in the next five years. The fields cover...
The National Bank of Romania set a reference rate of 4.2471 lei/euro, up 0.23% from Friday, as the leu fell steadily in the interbank market.
Romania’s GDP could fall by more than 3% due to the damages caused by the recent flooding in Romania, said the senior economist of ING Bank Romania, Nicolaie Chidesciuc.
Billionaire Dinu Patriciu confirmed today the formation of a real estate consulting group resulted from the merger between Quintet Asset Management and Black Sea Global Properties. The new company,...
Foreign direct investments in Romania dropped 31.6% in the first five months this year, from January-May 2009 to €1.433 billion, the current account deficit being 50% covered from...
The National Bank of Romania set a reference rate of 4.2580 lei/euro, 0.26% higher than Monday, as the national currency moved sharply lower in the morning.