ECONOMY
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Last Decade’s Economic Growth Doesn’t Show In Medals
Although Romania’s gross domestic product rose five times from 2000 through 2008, the number of medals Romanian athletes got dropped three times, and this year’s estimates for the London Oly...
Central Bank Governor Reluctant To Comment On Political Situation
Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under press...
Farming Output Will Breathe Life Into The Economy In 2012 As Well
This year’s grain harvest is estimated at almost 18 million tons, just 7% lower than the record-high 2011 figures. Converted in money, as prices remained high, almost EUR5 billion should go...
Bankers At ZF Summit: We’ll Wait For Economy To Rebound First Before Granting Loans Again
Bankers in Romania say that even though they have funds, they will wait for the economy and lending demand to rebound first before promoting loan sales more aggressively.
Bogza, Bancpost: 2011 Economic Growth Unable To Help Local Banks
The growth of Romania’s economy last year was unable to help the local banking system, Bancpost president Mihai Bogza said Wednesday at the ZF Bankers Summit12.
Romania’s Economic Growth Potential May Be Affected By Human Capital Erosion – PM Adviser
Turning domestic reserves to good account, accessing EU funds and attracting foreign resources will increase Romania’s economic growth potential to 4%-4.5%, while the deterioration of human...
World Bank Reduces Romania's Economic Growth Forecast To 1.2% In 2012
The World Bank has revised downward its forecast on Romanian economic growth to 1.2% in 2012 from 1.5% previously, warning developing countries to "prepare for a long period of volatility in...
Romania’s Economy Will Most Likely Stagnate In 2012 - ING Bank Official
Romania’s economy will most likely stagnate this year, as consumption will not recover sufficiently and exports will have a rather negative contribution both in 2012 and 2013, ING Bank Roman...
Businesspeople See Romanian Economy Deteriorate In Next Months - Survey
Businesspeople expect Romania’s economy will deteriorate in the next twelve months, impacted mainly by the lack of financing sources and investments, by corruption and delays in developing E...