Reporter
Claudia Medrega
- Fields
- Banks-Insurance, Macroeconomics, Analysis
- Writing for ZF since
- 2011
- Articles
- 124
BNR Admits It Did Not Anticipate Extent Of 2009 Recession. Will Romania Avoid Recession In 2012?
The Romanian central bank, or BNR, admitted half-heartedly at the beginning of this week, through the voice of the central bank’s deputy governor Cristian Popa, that it had not expected the...
ING: Romania’s Banking Market May See Third Year Of Loss In 2012
Romania’s banking system might see red in 2012 as well, for the third consecutive year, and players with considerable losses will most likely need additional capital, according to Florin Ili...
Foreigners Parted With RON3B In Government Bonds Since Last Summer
The worsening of the euro zone debt crisis and the increased risk aversion to the region led foreign investors to sell around EUR3 billion in Romanian bonds in the second half of last year,...
Banks Want Longer Maturities On Bonds, Transparency From The New Treasury Head
Longer maturities on government bonds, a clear bond issuing calendar for the whole year, as well as sticking to the amounts in the issuing prospectus are the main recommendations of analysts...
Prospects Of New Recession Cloud Good News Of Economic Growth In 2011
The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012.
What The New PM Will Have To Deal With In Terms Of Macro-Economy
The term of Romania’s new Prime Minister Mihai Razvan Ungureanu starts under tough circumstances: bad weather and recession in the euro zone.
Nokia’s Departure Causes Chain Reaction In Romanian Economy
Nokia's departure was one of the worst news of 2011, as Romania loses one of its largest exporters and a major temporary work provider. But the worst may be yet to come.
Exports Rose In 2011 As Well. Will Growth Continue In 2012?
Romania’s exports continued to increase in 2011, driven by foreign demand, though they slowed down in the second half, given the turmoil caused the sovereign debt crisis in the euro zone cou...
FDI Dwindled In 2011, No Encouraging Signs For 2012
Foreign direct investment (FDI) plummeted in 2011, as Romania was not really attractive to non-residents despite the return of its economy to positive territory. Signals for 2012 are not tha...
Banks About To Take A Day Off To Implement IFRS
Romanian banks are about to start reporting according to the international standards, which will heavily test their IT systems and administrative resources.
Foreign Direct Investments In Freefall
Romanian foreign direct investments, or FDI, amounted to just EUR133 million in October, while the EUR1.3 billion recorded in the first ten months covered only 32% of the current account def...
Banking System Restructuring Not As Thorough As BNR Expected
The head of the National Bank of Romania’s supervisory department, Nicolae Cinteza, made his harshest statements about banks since the onset of the crisis three years ago, saying that with t...