Romania
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Romania Falls To Its Lowest Ranking In IMD Global Competitiveness Report
Romania fell two notches this year to its lowest ranking since 2003 in a competitiveness report covering 60 economies worldwide.
IMF To Review Romania Stand-By Agreement On June 26
The Executive Board of the International Monetary Fund will review Romania’s performance under a EUR3.6 billion stand-by agreement on June 26, people close to the matter told Mediafax Wednes...
World Bank President: Romania Has Highest Poverty Levels In EU
Despite good progress, Romania remains the country with the highest poverty levels in the European Union, and more than 30% of the population lives on less than $5 per day, said World Bank P...
E&Y: Over 60% Of Romanian Executives Said Local Business Environment Is Corrupt
Some 61% of Romanian company managers believe that corruption is widely spread in business in Romania, according to a survey conducted by Ernst&Young (E&Y).
Holcim Romania 1Q Cement, Clinker Sales Rose 8.3% By Volume
Holcim Romania’s sales of cement and clinker increased 8.3% by volume in the first quarter of the year, while aggregate sales fell 9.1%, Swiss group Holcim said Wednesday.
EC: Romania, One of Three "Evident Candidates" For Exiting Excessive Deficit Procedure
Romania, Latvia and Lithuania are “evident candidates” for exiting the European Union’s excessive deficit procedure, European Commissioner for Economic and Monetary Affairs Olli Rehn told a...
EU Warning: Arrears, Little Progress With State-Company Restructuring May Pressure Romania’s Budget
Local government arrears and limited progress with restructuring Romania’s state-owned companies could result into renewed pressure on the country’s state budget, the European Commission war...
Strabag Romania Works Value Up 81% In 2012, To EUR371M
The value of works performed by Austrian constructor Strabag in Romania rose 81% to EUR371 million in 2012, from EUR206 million a year ago, and over 40% of works targeted road construction.
Volksbank Austria: Plan Is To Sell Romanian Bank In 2015, After Its Restructuring
Austrian group Volksbank, which controls 51% in Volksbank Romania through a vehicle where it partners with a French bank and a German bank, reaffirms its intention to sell the Romanian bank...