CRISIS
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Interim PM: The Continuation Of Greek Crisis Could Also Impact Romania
Romanian interim prime minister Gabriel Oprea on Monday stated that the maintaining of the current situation in Greece could also impact the local economy given that there are many Greek ban...
Innova Capital Postpones La Fantana Listing On Greece Crisis
Polish investment fund Innova Capital postponed the listing of bottled water wholesaler La Fantana, which it controls, on the Bucharest bourse, in a pre-summer deal, due to the high volatili...
Romanian Cosmetic Plant Doubled Revenue During Crisis
Romania’s cosmetics producer Cosmetic Plant, a family business set up in 1991 in Cluj, doubled its revenue during the crisis after reinvesting profits and betting on exports and presence in...
Crisis Erases 120,000 Jobs From Romania’s Textile Industry
The financial crisis and Asian markets’ upsurge wiped out over 120,000 jobs from Romania’s textile, apparel and footwear industries during 2007-2014. However, during the same period the sala...
Head Of CFA Institute On The Shadow Banking System, Future Of Banks And The European Banking Union
The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and t...
Crisis Companies In Romania Reached Revenue Worth RON3.5B And Hired Over 6,000 People
The 20 largest companies set up in Romania in 2009, at the very moment the crisis started being felt in Romania as well, managed to rake in together revenue worth over RON3.5 billion in the...
Brokers: Bucharest Bourse Well Positioned To Recoup Crisis Losses In One Year
The Bucharest Stock Exchange (BVB) is well positioned to further recoup the correction suffered during the crisis and stands the chance to top the 2007 highs in one-two years, in a European...
Banking System After Six Years Of Crisis
Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low.
Food Retail: Only Two Romanian Entrepreneurs In Top Ten Resist Assault Of Foreign Networks And Crisis
The financial crisis and the aggressive expansion of foreign networks toppled the first generation of entrepreneurs in Romania’s food retail, but a new generation is trying to enter the race...