Archive » December 2008 » 29 December 2008 The english news from 29 December 2008
Romania's Rompetrol Cuts Pump Prices By RON0.06/Liter
Rompetrol Downstream, the fuel distribution unit of Romania's second-largest oil company Rompetrol Group NV , on Saturday cut its gasoline and diesel oil reference prices by 0.06 lei (EUR1=RON3.9297) per liter, the company said in a statement.…
Crisis sweeps through Romania's economy
"The answer is clearly no. The international financial crisis will not affect Romania's economy or its citizens," said former Prime Minister Calin Popescu Tariceanu in mid-September 2008. Moreover, Tariceanu saw the U.S. financial crisis as a huge business opportunity for Romanians, who could have bought homes across the ocean…
IKEA has ordered 2009's furniture, says a supplier
Ecolor, the Cluj-based supplier of Swedish group IKEA, posted turnover worth 17 million euros in the first ten months of this year, up 20% against the same time last year. The company ended 2007 with 15.8 million euros in turnover, almost double against the previous year.…
October, the month of BSE crash
October brought many black days for the investors on BSE after the BET index sank 32.68 percent and the BET-FI index plunged 56.45 percent. After several crashes of the BET index until the maximum variation limit of minus 12 percent in one day, the bourse's board decided to suspend transactions three times and maintained a pre-opening session until 4 p.m. once, in a bid to temper investors' panic.…
Global financial crisis prompts the worst year in the history of Romania's core bourse
The international financial turmoil sent away the foreign investors on the Bucharest Stock Exchange (BSE) in 2008 and paved the way to indexes' unprecedented collapse, of up to 84 percent, as large economies face the worst recession in the past 80 years.…