Archive » August 2008 » 15 August 2008 The english news from 15 August 2008
Interest expenses and salary rises have reduced listed company profits
Main companies listed on the Bucharest Stock Exchange (BVB) posted profits in the second quarter 12 times lower than in Q1 2008. However, half-year earnings were 61 percent higher than those in the first six months of 2007, according to an analysis by Business Standard, based on data provided by 39 companies…
New strategies for former Romanian branch of Linklaters law firm
The legacy left behind after eight years in Romania by Linklaters, the giant international law firm is impressive: 143 attorneys, nine partners, and four offices. The latter are to be consolidated into a single regional entity, without a coordinating office. Locally, the firm's targets are clients with regional activities, 30 attorneys, up to three partners, and a focus on mergers and acquisitions, private equity and real estate…
SIF Muntenia profit - The financial company's net profit surges two thirds in the first semester
One of the five financial companies in Romania, SIF Muntenia (SIF4), posted 63.35 million lei (17.26 million euros) net profit in the first half of the year, up two thirds versus the same period last year, fueled by a significant advance in revenues, the company's financial results show…
Romanian bank Banca Comerciala Carpatica's H1 net profit plunges 52% to 3.4m lei
The first semester net profit of lender Banca Comerciala Carpatica (BCC) reduced 51.6 percent year-on-year to 3.39 million lei despite advance in assets…
Romania Fin Min Points Finger At U.S. Bechtel Over Transylvania Motorway Problems
Potential problems with the construction of Transylvania Motorway, which connects central Romanian Brasov to western Bors, should be linked to U.S. constructor Bechtel, as the Romanian authorities have done their part of the deal, economy and finance Minister Varujan Vosganian said Thursday…