05.03.2016

The financial crisis has triggered drastic changes on the real estate market, as half of apartments demand is currently for homes of up to EUR60,000, while in 2008, 70% of the buyers were interested more

02.12.2016

The German stock market fell by another 2% on Thursday, and the decline since the beginning of the year reached 18%. The Greek stock market has dropped by more than 30% since the beginning of the year more

07.06.2015

Romanian interim prime minister Gabriel Oprea on Monday stated that the maintaining of the current situation in Greece could also impact the local economy given that there are many Greek banks and more

07.01.2015

Polish investment fund Innova Capital postponed the listing of bottled water wholesaler La Fantana, which it controls, on the Bucharest bourse, in a pre-summer deal, due to the high volatility on the more

06.30.2015

Banca Romaneasca operations are developed under normal conditions, as they are not impacted by the Greek debt crisis, the bank’s general manager, Ioannis Kougionas, stated Tuesday. more

06.28.2015

PSD MEP Victor Negrescu, member of the Budget Commission in the European Parliament, wants the convening of the country's highest defense body CSAT, to assess the effects of the Greek crisis over more

04.16.2015

Romania’s cosmetics producer Cosmetic Plant, a family business set up in 1991 in Cluj, doubled its revenue during the crisis after reinvesting profits and betting on exports and presence in some of more

04.10.2015

The financial crisis and Asian markets’ upsurge wiped out over 120,000 jobs from Romania’s textile, apparel and footwear industries during 2007-2014. However, during the same period the salaries more

03.31.2015

The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and the more

01.28.2015

The 20 largest companies set up in Romania in 2009, at the very moment the crisis started being felt in Romania as well, managed to rake in together revenue worth over RON3.5 billion in the first more

01.21.2015

The problems caused by the appreciation of the Swiss franc can only be partly solved by personal bankruptcy procedures, as such procedures only apply to insolvent individuals and would make things more

01.06.2015

The Bucharest Stock Exchange (BVB) is well positioned to further recoup the correction suffered during the crisis and stands the chance to top the 2007 highs in one-two years, in a European context more

12.03.2014

Romania’s banking system is still reeling after six years of crisis because it failed to restructure on time, for which reason costs remain high and revenues low. more

10.31.2014

The financial crisis and the aggressive expansion of foreign networks toppled the first generation of entrepreneurs in Romania’s food retail, but a new generation is trying to enter the race against more

09.08.2014

In the first seven months of this year, almost 50,000 entrepreneurs in Romania bid farewell to the businesses they ran, down just 2% from the same period of last year, according to Trade Registry more

09.02.2014

Minister-delegate for energy Razvan Nicolescu said Tuesday that he is not ruling out a potential natural gas supply crisis this winter, in the context of the conflict between Russia and Ukraine, but more

07.24.2014

Although 2008-2013 was one of the darkest times in Romania's economy after 1989, with more than 100,000 companies going belly up and an overnight surge in non-performing loans from 0% to 20% in the more

05.19.2014

Automobile Dacia, Romania’s largest carmaker and also the country’s biggest exporter, at the end of the five years of crisis (2009-2013) reached record high revenue of EUR4.16 billion, double the more

05.19.2014

Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net average more

05.15.2014

Foreign markets no longer see Romania as a high risk investment, so the credit default swap level has stabilized at about 150 basis points in the past week after five years of crisis when Romania’s more

04.15.2014

OMV Petrom (SNP.RO), the largest company in Romania ended the five years of crisis, 2009-2013, with an all-time high profit of more than EUR1 billion. The profit was 5.5 times higher than in 2009, the more

03.12.2014

The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax, then VAT more

12.11.2013

Lars Wiechen, executive manager and head of the valuation & business modeling services at Ernst&Young Romania, says construction firms and financial institutions have witnessed the steepest decrease more

09.27.2013

The ten largest companies operating in Romania’s fast moving consumer goods (FMCG) industry have appointed foreign executives to run the business during the crisis, except for meat company Unicarm, more

09.26.2013

The five years of crisis led to an accelerated increase in utility prices, which places Romania again on the top spot in Europe in terms of price hikes, according to Eurostat data. more