CRISIS
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Five Years Of Crisis Led To 35%-40% Increase In Electricity Bills In Romania
The five years of crisis led to an accelerated increase in utility prices, which places Romania again on the top spot in Europe in terms of price hikes, according to Eurostat data.
ZF Bankers Summit’13: Bank Of Cyprus Crisis As Seen By The Head Of Marfin Bank
How has Marfin Bank managed to deal with the pressure of the deposit withdrawals caused by the Cypriot crisis and how has it overcome the delicate period that followed the takeover of deposi...
Economy Ministry Does Not Know How Many SMEs Were Set Up Or Dissolved Last Year
The crisis erased 135,000 small and medium-sized companies from the Romanian economy, with 385,000 employees left without a job between 2008 and 2011, shows a ZF analysis based on Trade Regi...
Ciolos: Romanian Farmers Pay The Price Of Others’ Irresponsibility In Milk Scandal
Romanian milk producers are the victims of an attack against the quality and safety of local products, but pouring milk on the fields is an extreme gesture of farmers that could go bankrupt...
Banks Paid Just RON1B In Profit Tax In Last Three Years Of Economic Turmoil
The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the over...
Carrefour: Romania Fares Better Economically Than European Average
Representatives of French retailer Carrefour, which has a network of over 110 stores in Romania, say they expect a difficult year in Romania as the financial crisis lingers, but that the loc...
Innovative Firms Registered Turnover, Capital Increases In 2008-2011 - Survey
Romanian innovative firms have registered turnover and capital increases since the beginning of the crisis, and their gross value added (GVA) climbed 24% between 2008 and 2011, according to...
EBRD: Romania Highly Exposed To Eurozone Spillover Risks
Romania’s economy remains vulnerable to shocks from the eurozone and a possible quarterly contraction of 1% in the region would have a negative impact on the local output of 2% quarter-on-qu...
Competition Council Says Economic Crisis Led To Banking Market Concentration
The level of concentration in the banking market has increased since the beginning of the economic crisis, mainly because certain competitors disappeared from the market, according to a repo...