RECESSION
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Romania’s Economy Back Into Recession. GDP Shrinks In The First Quarter
Romania’s economy shrank in the first three months of 2012 compared with the previous quarter, a flash estimate from the country’s statistics institute INS said Tuesday.
President: Romania Won’t Drift Back Into Recession
Romanian President Traian Basescu said Sunday Romania is not in danger of slipping back into recession, arguing that the technical recession announcement made by authorities recently has bee...
Romania's Economy May Slip Into Technical Recession In 1Q, FinMin Says
Romanian Finance Minister Bogdan Dragoi Friday estimated the country’s economy has slipped back into technical recession in the first quarter, hit by bad weather.
BNR Admits It Did Not Anticipate Extent Of 2009 Recession. Will Romania Avoid Recession In 2012?
The Romanian central bank, or BNR, admitted half-heartedly at the beginning of this week, through the voice of the central bank’s deputy governor Cristian Popa, that it had not expected the...
Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania
Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Aus...
Prospects Of New Recession Cloud Good News Of Economic Growth In 2011
The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012.
What The New PM Will Have To Deal With In Terms Of Macro-Economy
The term of Romania’s new Prime Minister Mihai Razvan Ungureanu starts under tough circumstances: bad weather and recession in the euro zone.
Isarescu: Poor EU Funds Absorption Deepened Romania's Economic Slump
Romanian economy was severely hit by a sharp decline in foreign investments after 2008 and the poor absorption rate of European structural funds has only deepened the country’s recession, ce...
Romania To Tackle Potential New Recession Better, EC Official Says
The recent structural adjustments and fiscal consolidation measures implemented in Romania may help the country cope better with a potential new stage of the recession in Europe, said Nicola...