Archive » August 2008 » 19 August 2008 The english news from 19 August 2008
Hard times ahead for smaller banks
Smaller banks on the local market have begun experiencing difficulties, due to more expensive financing from international markets, with significant impact on their profitability…
Top stock exchange listed companies made 70% of profit budgeted for 2008
The largest companies listed on the Bucharest Stock Exchange (BVB) made some 70 percent of the profit budgeted for the entire year in the first half of 2008, according to an analysis carried out by Intercapital Invest brokerage company, with listed companies generally conservative when it comes to their budgets, in order to "surprise" investors at the end of the year…
Telecom market growth up 10%, internet and data services rise 20%
The Romanian telecommunications market will grow by 10.6 percent this year, to €4.3 billion (RON 15.5 bln), up 14 percent from €4.24 bln year-on-year, due to a drop in operator tariffs due to an intensification of competition, according to a study by Polish PMR market research company…
Top ten insurers in Romania cut 79.2% slice of the market in the first semester
The first ten insurance companies in Romania controlled at the end of the first semester almost four fifths of the market with a value of contracts of 3.5 billion lei, according to data from the market watchdog CSA…
Financial companies crash 2.42% to new low on general slump on the market
The five financial companies on the Bucharest Stock Exchange (BSE) plunged an average 2.42 percent on closing, to new low; other stocks on the market fell and liquidity shrank…
Air Bucharest Transport Aerian To Start Operating In March '09
The owners of tourism agencies Kusadasi and Fibula Air Travel, the spouses Yapici, will expand their business by founding an air transport company for passengers, after an investment of some EUR6 million…
Romanian shares could become some of the cheapest worldwide in 2009?
The shares of the main companies listed on the Bucharest Stock Exchange (BVB) have the lowest price per earnings ratio (PER) estimated for 2008, according to Bloomberg data, which is expecting a 4.8 PER at the level of the BET index, which monitors the top 10 listed companies in terms of liquidity…
Job vacancies down in Q2
The ratio of vacant jobs was 2.02 percent of the total jobs in the second quarter of this year, 0.12 percentage points lower than in Q1 2008, and 0.9 percentage points lower than in Q2 2007, according to data published by the National Institute of Statistics (INS)…
Raiffeisen profit - Raiffeisen Bank Romania sees 57% y/y hike in H1 net profit, to EUR 74m
Raiffeisen Bank Romania, the local arm of Austrian group Raiffeisen International, reported a net profit of 74 million euros in the first half of 2008, 57 percent higher compared to the similar period last year, on advance of assets…
Erste Bank plummets 7% on BSE on correction in the wake of yesterday's growth
Shares of Austrian-based lender Erste Bank (BSE) reduced 7 percent on the Bucharest Stock Exchange (BSE) this morning after falling 3 percent on the Vienna exchange, a correction after yesterday's advance against the market's general slump…
Romania's Rompetrol Cut Diesel Oil Pump Prices By RON0.04/Liter
Romania's second-largest oil company Rompetrol Group NV, owned by Kazakhstan's KazMunaiGaz, cut Tuesday its diesel oil pump prices by 0.04 lei (EUR1=RON3.5302) per liter, and kept gasoline prices unchanged, the company said in a statement…