Analysis
Dramatic Fall For Consumer Loans: 1.3 Million Contracts Erased In Crisis
Nearly 1.3 million consumer loans were removed from banks’ balance sheets without being replaced by new ones since the end of 2008, when the crisis crept in and until August this year, accor...
RBS: Leu To Fare Better Than Zloty And Forint
The Romanian central bank (BNR) wants to keep the leu/euro exchange rate stable, limit its volatility in order to create the framework for economic growth, and has sufficient forex reserves...
Moody’s Sees Romania 5-Year Default Probability At 8.9%
The probability of a Romanian sovereign debt default in the next five years reached 8.9% at the end of last week, after the 12-month risk nearly doubled to 1.35%, from 0.76% in the previous...
PwC: Salaries In Romanian Private Sector Up 5.1% In 2011
Salaries in the private sector in Romania rose by an average 5.1% in 2011, after a 4.3% increase in 2010, but the growth was below estimations made at the beginning of the year, when compani...
Crisis On Foreign Markets Leaves Its Mark On Romania
The cost of insuring Romania against default risk, reflected in CDS rates, reached a high of 478 basis points (4.78 percent), up by around 125 points in just one week, i.e. nearly 200 points...
A Budget Deficit Close To Zero May Be Romania’s Best Defense Against International Turmoil
The persistence of the crisis for several years is not an impossible scenario and it could force the Romanian government to discuss the budget deficit level again and even try to bring it do...
Drug Sales Slow Down, Reach EUR1.4B In Seven Months
The drug market grew by 6.2% (5.6% in euro terms) in the first seven months of the year, to 6.1 billion lei (EUR1.45 billion), according to data from market research company IMS Health. 4.6%...
Central Bank Is Late To Discourage Foreign Currency Lending, Doesn’t Go All The Way
On a market where loans in foreign currency account for two thirds of overall household lending, the National Bank of Romania (BNR) wants to discourage foreign currency loans, especially mor...
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...