CRISIS
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Brussels Postpones Decisions, Tension Mounts, Romania Looks For Shield
European leaders failed to find a solution on Sunday and postponed all decisions for Wednesday. President Basescu’s statements upon his departure for Brussels create fears: the cost of Roman...
Erste: Romania Is More Resilient To Crisis Shockwave Than In 2008
Romania has become more resilient to a shock coming from the euro zone than in 2008, when the collapse of Lehman Brothers and the onset of the crisis threw the local economy into recession.
Foreign-Held Banks Added EUR1B Fresh Capital Since Crisis Debut
Foreign banks contributed 850 million lei (EUR200 million) to the local subsidiaries’ capital and announced up to EUR360 million capital injections, to be done in part by the end of 2011. Th...
Pascariu: The Crisis Endgame Will Be Scary, But Not Fatal
The uncontrollable dynamics of the current economic crisis naturally causes fear, but the Western Europe will ultimately find solutions and avoid a catastrophe, even though costs may be high...
Accountant: Crisis Will Peak In Romania In 2012
The peak of the financial and economic crisis will reach Romania in 2012. However, it is best to be aware of it beforehand and companies can shift focus and rethink their business, says Andr...
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...
Aerotravel: Fear Of New Crisis Dented Sales, After 25% Increase In 1H
Antonio Nitu, general manager of travel agency Aerotravel Lufthansa City, owned by Mihai David, said the company’s sales rose by 25% in the first half, above expectations, but on the rumors...
Most Profitable Ten Banks On The Market Post RON380m Income In H1
The banking system is still suffering after almost three years of crisis and the financial results released in mid this year show that the good times of 2005-2008, when profits had gone even...
Second Crisis Wave Wipes Out EUR2.5B From Bucharest Bourse
Romanian bourse have lost EUR2.5 billion since the onset of the second wave of the crisis, generated by the sovereign debt problems. The Bucharest stock market closed Friday down 2%, after a...