ECONOMY
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2012 – A Wasted Year For An Economy Plagued By Political Turmoil And Insolvencies
The year 2012 is a wasted year because of the political feuds that only served to weaken an economy hurt by the crisis. The hope for an economic rebound is carried over in 2013.
UniCredit: Romania Needs More Reforms To Fuel GDP Growth
Romania needs more structural reforms to accelerate economic growth and a new loan agreement with the International Monetary Fund could help strengthen political will to implement difficult...
Romania’s Economy One Hundred Years Ago
A hundred years ago, Romania prided itself in being called “Japan of Europe”, in its well-developed banking system, in its leu which was as strong as the French and Swiss currencies and in a...
Romania Needs Industry, Growth Based On Just Agriculture And Tourism Is Ridiculous Idea
Business people want to be optimistic about next year in terms of the evolution of the economy and of businesses, but they are waiting to see what measures the new government will take to im...
Negritoiu, ING: We Are Moving In The Right Direction, But More Things Need To Be Done
Misu Negritoiu, chairman of ING Bank Romania, says he would like to get involved in the management of EU-funded projects after ending his term and that he wants to help raise Romanians’ leve...
Analysts’ Gloomy Forecasts Point To Only 1.2% GDP Growth For Romania In 2013
Bank analysts expect Romania’s economy to grow 1.2% on average in 2013 after a mere 0.5% rise in 2012, a pessimistic forecast compared with foreign institutions’ estimates.
IMF Warns Of Serious Risk For Romania Economy
An escalation of the eurozone debt crisis would pose serious risk to the Romanian economy, which could shrink by up to 5% if the threat materializes, the International Monetary Fund said in...
GfK: Most Romanians Think Economy Fares Worse This Year, But Expectations Are High For 2013
Nearly three quarters of Romanians believe the country’s economy is faring worse than last year, their willingness to spend is lower and have high expectations for improvement in 2013, accor...
IMF Expects Romania To Exceed Poland’s Economic Growth In 2013
The International Monetary Fund estimates in its latest report that Romania could post a higher economic growth in 2013 than Poland, the only country in the European Union that has not exper...