Analysis
Fiscal Council: Government Should Set Quarterly EU Fund Absorption Targets
Romania's Fiscal Council suggests the Government should set quarterly EU fund absorption targets for the ministries and other authorities, since absorption is essential in order to offset th...
Raising Pensions, Wages In 2H Of 2012 Would Violate Romanian Fiscal Responsibility Law
Raising pensions and wages in the Romanian public sector in the second half of 2012 would violate no less than five provisions set through the fiscal responsibility law, including the interd...
EOS KSI: One Third Of Romanian Companies Have Cash Flow Problems
Nearly one third of Romanian companies have cash flow problems due to unpaid receivables or payment delays and have to write off approximately 5% of the issued invoices, according to a surve...
Romanian Banks Switch To RON860M Combined Loss In Q3 As Provisions Rise
Romanian banks reported a combined net loss of 860 million lei (roughly EUR200 million) in the third quarter, versus a profit of RON95.4 million a quarter earlier, banking sources said Frida...
Bucharest Ranks 24th In EIU’s European Shopping Destinations Top
Bucharest ranks 24th in a chart of European shopping destinations, having low prices as its strongest suit and shops, culture and climate as its weakest, according to a survey by the Economi...
Trade Registry: Company Insolvencies Down 10% In Jan-Oct
Romania's Trade Registry Thursday said 15,767 companies filed for insolvency in the first 10 months of 2011, down 10% from 17,484 companies in the same period a year earlier.
GfK: Romanian Technical Goods Market Up 11.5% In Jan-Sep, At EUR960M
Romania's technical goods market increased by 11.5% in the first nine months, up to EUR960 million, with the IT segment posting the highest growth, 26.6%, according to a study by GfK.
GfK: More Than Half Of Romanians Have Trouble Paying Bills, A Quarter Are In Debt
More than half of Romanians (56%) say they barely manage to cover their current expenses and almost a quarter (24%) say they are in debt, according to a study by GfK Romania, which points ou...
Petrom Announces Highest Profit Ever. Austrian Owners Win, Local Economy Loses
Profit chain: Fuels become more expensive. OMV Petrom (SNP.RO) makes higher profit. Austrian-held OMV, which owns 51% in Petrom, makes even more money. The government gains something, too, t...