CRISIS
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Insurers, Pension Fund Managers: Impact Of New Crisis To Be Double
Insurer and private pension fund managers say that, while they have not felt any major changes in recent sales following the foreign financial market turmoil, the lessons learnt from the cri...
Officials Warn: Any Excess In The Fiscal Or Monetary Policy Could Compromise Fragile Balance
After several days of downtime, shying away from publicly sketching scenarios meant to counter the new crisis' prospective contagion effects on the economy, political and government decision...
Debt Crisis Wave Warns Politicians To Slash Budget Expenditure
Most analysts, bankers, managers and businesspeople contacted by Ziarul Financiar over the past two days say that the EU is the most seriously affected by the new crisis wave and the impact...
How Crisis Shaped Romania's Economy
Industry has increased its contribution to the gross domestic product (GDP), in the past two years through exports, and has remained the driver of the economy, analysts say. Unfortunately, i...
We Did Not Know Why We Grew, Now We Don’t Know Why We Are Sliding
Almost three years after the economic crisis was first felt on the Romanian market, and after the economy has lost EUR30 billion, with tens of thousands of companies going insolvent or disap...
Entrepreneurs Who Won The Battle Against The Crisis
Anca Vlad, owner of Catena drugstores, the Marcu family, majority shareholder of Medlife, Sorin Gavrila and Cristinel Lungu, founders of Simba Invest distributor in Bacau, Constantin Toma (G...
Government Failed To Help Economy With Capital Expenditures During Recession Years
Public investments have been dwindling for two and a half years, from the peak reached in 2008, 26.7 billion lei (EUR6.33 billion), with declines continuing into the first five months of thi...
JP Morgan: BNR Has The Power To Save Greek Banks. It Won't Be Necessary, Says BNR
Romania's banking system would still be standing even in a worst-case scenario, where Greek banks were so seriously crippled by the financial crisis that they would be forced to give up thei...
How Local Fund Managers See The Greek Crisis
The escalation of the Greek debt crisis has chased investors away from stock markets, which have suffered major corrections in the past few days. The stock exchanges could be appeased if Eur...