Company news archive: February 2012

Operating performance reached to RON 2,437.1 million (EUR 574.6 million), down by 14.6% YOY in a continuing difficult economic environment. The quarterly operating result maintains solid (RON 548.1 million in Q4) even if it is lower qoq (RON 638.1 million in Q3) as economic recovery slows and the market conditions remain tough - low eligible loan demand and interest margins under continuous pressure. (...)

DTZ Echinox, now part of UGL Services, a division of UGL Limited (ASX: UGL), today released its latest report – 'Agricultural Land Investment, Romania 2012'. The report shows that investment in agriculture is experiencing noted growth due to improved profitability projections, despite the prevailing view that agriculture is risky. (...)

Business Review organized the 7th edition of the Annual Investment Awards Gala which took place on February 22nd 2012, at the Athenee Palace Hilton. The Business Review Annual Investment Awards stands to recognize and honor the companies and individuals with high business achievements in the previous year. (...)

The risk of another global recession and a renewed banking crisis is high according to a new survey of the dangers currently facing the world's banking industry. The CSFI's annual Banking Banana Skins survey, produced in association with PwC, puts macro-economic risk at the top of the list of 30 possible risks to banks. (...)

Despite a sluggish revenue forecast for 2012, consumer companies plan to invest in emerging markets, product innovation and mobile commerce, says KPMG survey. (...)

In addition to the main service, DSV Road launched a new export service as of January, 2012. These new services ensure exact transit times to destination and lower transport tariffs. (...)

DTZ's 'Global Occupancy Costs - Offices' report reveals that average occupancy costs per workstation in Europe increased (in local currency) by a mere 1% during 2011, as mounting concerns over the European sovereign debt crisis stalled occupier activity. As a result, occupier costs decreased across the majority of markets. (...)

Citibank continues to expand its global investments offering for retail customers in Romania with newly-launched structured notes. These products respond to customers' need for diversification into different asset classes, sectors, geographies and themes that they may not seek to have direct exposure to. (...)

The vast majority of senior executives globally say their organizations have already moved at least some business activities to the Cloud and expect 2012 investment to skyrocket, with some companies planning to spend more than a fifth of their IT budget on Cloud next year, according to a report by KPMG International. (...)

A major shift in global power M&A is taking place, ending a six year-long era of European dominance in power deals. The power deal world is heading in new and different directions that will lessen the impact of the eurozone crisis on deal totals, according to PwC's annual Power Deals report. (...)

Romanian Commercial Bank (BCR) granted to date, loans in amount of EUR 300 million within the Government 'First Home 4' Program and thus, helped nearly 8.200 families to buy their first house. (...)

The International Tax Review has once again ranked Baker Tilly Klitou among the leading tax consulting firms in its 2012 World Tax Survey. Baker Tilly Klitou in Romania, Cyprus, and Bulgaria have all achieved higher rankings for 2011: Baker Tilly Klitou - Romania – Tier II, Baker Tilly Klitou - Cyprus – Tier II, Baker Tilly Klitou - Bulgaria – Tier III. (...)

The European Commission's proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011. (...)

Vasile Andrian (37), coordinator of the Audit & Financial Advisory Department of Mazars in Romania, has become the second partner of Romanian extraction in this international organisation. (...)

Doing deals in growth markets is an important way in which companies in developed countries can seek to drive growth as their traditional markets remain stagnated. But these deals can be both fraught with risk and costly when they go wrong. (...)

DTZ, part of UGL Services, a division of UGL Limited (ASX: UGL), today released its latest European Investment Market Update. The report showed fourth quarter 2011 commercial real estate investment activity totalled €31.4bn in Q4 2011, a 17% increase on Q3 2011. This led annual volumes in 2011 to €110bn, an increase of 7% on 2010. (...)

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