CRISIS
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Bank Deposits Increased By Nearly EUR10B Since Start Of Crisis
Romanian household and corporate bank deposits were up by 42.35 billion lei (EUR9.9 billion) since the start of the economic crisis as the balance of bank deposits has increased by 27.9% sin...
Nestor, NNDKP: With International Situation At Its Worst, Romania Is Stable In Poverty
The year 2012 has perhaps been the most difficult since the start of the crisis, said lawyer Ion Nestor, founding partner of law firm NNDKP, one of the largest players on the Romanian legal...
Mark Mobius, Manager Of Fondul Proprietatea: A Lot Of Arguments On The Global Crisis Existence Are Invented
A large part of arguments suggesting the existence of a global crisis are invented, says Mark Mobius, one of the most influential investors on emerging markets.
Isarescu: BNR Was Excessively Benevolent To Foreign-Held Banks
Romanian central bank governor Mugur Isarescu admitted on Tuesday that the central bank only saw the positive side of the lending boom during the years of high growth and had an “excessively...
Romanian Insurers Cut 2,400 Staff During Crisis
Six of the ten largest insurance companies performed double-digit staff cuts during the crisis to keep spending in check after policy sales had collapsed. The ten largest insurance companies...
Romania Lost Over 400,000 Jobs, 100,000 Firms During Crisis – Union
Romania lost over 400,000 jobs and some 100,000 firms during the crisis, when the unemployment rate hit an 8-year high of 7.4%, according to a survey presented Thursday by the National Union...
Only A Handful Of Insurers Still Making Profit
Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that...
Capital Economics: Euro Zone Crisis Is Main Concern To Romania's Economy
The crisis in the euro zone is the biggest concern to Romania's economy at the moment, said William Jackson, analyst with Capital Economics, who pointed out that the local financial market h...
EU Concerned Over Political Crisis In Romania
The European Commission Friday expressed concerns over the recent political upheaval in Romania, particularly regarding a series of measures that could threaten the independence of strategic...