CRISIS
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Developer: When Buying a Home Is 20% Cheaper than Paying Rent for It, There’s No Reason for Crisis
Lucian Azoitei, real estate developer and shareholder of Forty Management & Investments, is currently working on a 200 apartment project near the Titan Park in eastern Bucharest.
Major Banks Warn Government New Bank Asset Tax Will Trigger Economic Crisis in Romania
In an unprecedented move, the banks in Romania through their leaders warned the government that Ordinance 114 introducing the bank tax will generate economic crisis in Romania and cause a de...
Romania’s Energy Crisis a Result of a Decade of Missed Investment Opportunities
Romania missed almost EUR7 billion in energy investments in the past ten years: reactors 3 and 4 of the Cernavoda nuclear plant delayed indefinitely, gas and coal-fired power plants, cogener...
Negritoiu, Former ING Romania CEO: I Can See Now Why Governor Isarescu Had To Do Something In 2008
Ten years after the crisis, Misu Negritoiu, then chief executive officer of ING Romania, said on ZF Live he “understood” the decisions of Romania’s central bank governor Mugur Isarescu at th...
20 Top Entrepreneurial Companies In 2008 Are Now Either Insolvent Or Bankrupt
Agribusiness company Interagro of Ioan Niculae, builders Romstrade (Nelu Iordache), Confort Timisoara (Georgica Cornu), pharmaceutical wholesalers Relad, Polisano and ADM Farm, FMCG wholesal...
Turmoil On Pharmaceutical Market: Manufacturers No Longer Import Drugs And Vaccines Because Of Price
The major international pharmaceutical companies, whose revenue in Romania is in the range of hundreds of millions of euros, have been withdrawing thousands of drugs from the market, includi...
Adrian Vasilescu, BNR: “The Crisis Is Not Over Yet, Romania Is Still In Transition”
The financial crisis, which started “with a recession” in 2008-2009, is not over yet although the Romanian economy “grows at fastest pace in Europe”, as the country is still in transition, s...
How Romania Fares Eight Years After Onset Of Crisis
The bankruptcy of Lehman Brothers is considered the official start of the second worst financial crisis in the past hundred years. Eight years later, ZF is looking at the Bucharest Stock Exc...
Turmoil On International Financial Markets Cause For Concern In Bucharest
The German stock market fell by another 2% on Thursday, and the decline since the beginning of the year reached 18%. The Greek stock market has dropped by more than 30% since the beginning o...