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Romania’s Fiscal Adjustment Could Have Been More Gradual – IMF Report
The fiscal adjustment in Romania, which entailed a 25% cut in public sector wages, lower social contributions and a higher value added tax, could have been more gradual, with a lighter impac...
Colliers: Industrial Space Development In Bucharest Sank To Six-Year Low In 2011
Developers have completed logistics and industrial projects in Bucharest with a total surface of 10,000 square meters last year, according to a report released Monday by realty advisors Coll...
Raiffeisen Sees Inflation Below 2.5% In First Half Of 2012
Inflation might temporarily declined below 2.5% in the first half of next year, mainly due to a favorable statistical base effect, but the central bank might reduce the key rate b 0.5 percen...
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...
DTZ: Romania’s Real Estate Debt Funding Gap At $2B
The debt funding gap on commercial real estate in Romania stagnated at some $2 billion in the first nine months, namely 5% of the overall investment, a percentage similar to the one in UK, b...
Several Local Banks May Soon Be Targeted For Takeover - Raiffeisen
Lenders Banca Transilvania (TLV.RO), CEC Bank and Volksbank Romania may soon become candidates for takeover or state-led privatization, according to a banking sector report published Tuesday...
BCR: Romania Needs To Attract Investments In Tourism, Fix Roads, Improve Quality Of Services
Poor quality of services and infrastructure affect Romania’s ability to make more money off tourism, and the country needs to attract more foreign investments in this sector, as well as know...
Bucharest New Apartment Prices May Continue To Drop – Report
The prices of new homes may continued to decrease in Bucharest, given the reduced sales seen this year and the probability for demand to remain low in the near future as well, according to a...
Romania Falls 7 Positions To 72 In World Bank’s Doing Business 2012 Report
Romania dropped seven positions in the World Bank’s annual report Doing Business ranking 72nd among 183, mainly because it now asks for a tax clearance certificate for a new company’s headqu...