CRISIS
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Managers Of Unilever Brands See Crisis As Barometer Of Brand Maturity
Tudor Ghiurca, Otilia Priceputu and Diana Stan are the Romanians taking care of the brands of Unilever, the second largest local non-food consumer goods producer, whose sales amount to almos...
Romania’s Banks Are Taking The Brunt Of The Crisis
Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, o...
Romanian Industrialist Says Crisis Halved Sales, Profits Went Down 10-Fold, Employee Numbers Down From 7,000 To 2,000
Stefan Vuza, one of the biggest Romanian industrialists, who holds industrial group Serviciile Comerciale Romane (SCR), with activities in the chemical, textile, and car manufacturing sector...
Mark Mobius: Printing Money Only Puts Off Worldwide Crash, Doesn’t Prevent It
Capitalism isn’t working because governments are saving greedy banks at the expense of taxpayers, says Mark Mobius, executive chairman of Templeton Asset Management.
Marian Pirvu, Ruukki: Those Who Say A Second Crisis Is Coming Have Not Learned Anything From The First One
The local subsidiary of Finnish giant Rautaruukki, one of the largest manufacturers of metal components in Europe, run in Bucharest by Marian Pirvu, announces a 70% turnover increase for thi...
EBRD: One Third Of Romanians Blame The West For Economic Crisis
Over one third of Romanians blame the West for the economic crisis and the population’s support for democracy and free markets decreased over the past five years, according to a report publi...
Head Of Pepsico Romania: The Worst Of The Crisis Is Over
Levent Yuksel, the 46 year-old manager who has been running the PepsiCo business (beverages and chips) since spring, says from his point of view the worst of the Romanian crisis is over and...
Romania Unable To Use IMF Money To Fix Decline In Number Of Jobs
Romania has been unable to “fix” the effects of the crisis with the International Monetary Fund money in four years as its economy lost 630,000 jobs.
Tough Month For Government: How Will Romania Escape The Approaching Storm?
Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on...