07.03.2013

The number of employees in Romania’s information technology (IT) industry reached 38,300 at the end of April, 3,000 more since the beginning of the year, while the number of employees in the local more

06.11.2013

How has Marfin Bank managed to deal with the pressure of the deposit withdrawals caused by the Cypriot crisis and how has it overcome the delicate period that followed the takeover of deposits from more

03.29.2013

The crisis erased 135,000 small and medium-sized companies from the Romanian economy, with 385,000 employees left without a job between 2008 and 2011, shows a ZF analysis based on Trade Registry data. more

03.22.2013

Romanian milk producers are the victims of an attack against the quality and safety of local products, but pouring milk on the fields is an extreme gesture of farmers that could go bankrupt because of more

03.21.2013

The economic crisis caused losses for around half the 42 banks on the Romanian market, with the budget “losing” a big share of the resources that banks used to pay in profit tax, as the overall more

02.14.2013

Representatives of French retailer Carrefour, which has a network of over 110 stores in Romania, say they expect a difficult year in Romania as the financial crisis lingers, but that the local market more

12.05.2012

Romanian innovative firms have registered turnover and capital increases since the beginning of the crisis, and their gross value added (GVA) climbed 24% between 2008 and 2011, according to a survey more

11.07.2012

Romania’s economy remains vulnerable to shocks from the eurozone and a possible quarterly contraction of 1% in the region would have a negative impact on the local output of 2% quarter-on-quarter, more

11.01.2012

The level of concentration in the banking market has increased since the beginning of the economic crisis, mainly because certain competitors disappeared from the market, according to a report of more

10.22.2012

Romanian household and corporate bank deposits were up by 42.35 billion lei (EUR9.9 billion) since the start of the economic crisis as the balance of bank deposits has increased by 27.9% since January more

10.08.2012

The year 2012 has perhaps been the most difficult since the start of the crisis, said lawyer Ion Nestor, founding partner of law firm NNDKP, one of the largest players on the Romanian legal market. more

09.30.2012

A large part of arguments suggesting the existence of a global crisis are invented, says Mark Mobius, one of the most influential investors on emerging markets. more

09.12.2012

Romanian central bank governor Mugur Isarescu admitted on Tuesday that the central bank only saw the positive side of the lending boom during the years of high growth and had an “excessively more

09.04.2012

Equity funds are still impacted by the economic crisis caused by the Lehman Brothers collapse in September 2008, which brought them losses yet to be recouped and drove hundreds of investors away. more

09.03.2012

Six of the ten largest insurance companies performed double-digit staff cuts during the crisis to keep spending in check after policy sales had collapsed. The ten largest insurance companies had more

08.30.2012

Romania lost over 400,000 jobs and some 100,000 firms during the crisis, when the unemployment rate hit an 8-year high of 7.4%, according to a survey presented Thursday by the National Union Bloc more

08.02.2012

Romanian central bank governor Mugur Isarescu Thursday expressed concern over a lingering political crisis between the government and the president, urging for a resolution of the conflict. more

07.09.2012

Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that more

07.08.2012

The crisis in the euro zone is the biggest concern to Romania's economy at the moment, said William Jackson, analyst with Capital Economics, who pointed out that the local financial market has more

07.06.2012

The European Commission Friday expressed concerns over the recent political upheaval in Romania, particularly regarding a series of measures that could threaten the independence of strategic more

06.27.2012

Romanian households are cautious with expenses and are willing to cut costs for garments, domestic appliances and vacations, but still consume alcohol, tobacco, according to a survey of 360insights. more

06.27.2012

Romanians got used to the economic crisis, but are still personally affected by its effects lasting for more than three years, according to a survey of 360insights. more

06.22.2012

Tensions and volatility on the banking market will persist for a while longer considering the exit from the crisis will not occur yet and lenders will have to change strategies, cut costs and rely on more

06.20.2012

The economic crisis most countries are currently facing will last for at least a decade, if one looks at similar situations in history, RBS Romania CEO Henk Paardekooper said Wednesday at the ZF more

02.13.2012

Romanian state-owned power grid operator Transelectrica (TEL.RO) will limit or even cease electricity exports for one month, between February 16 and March 15, 2012, since bad weather diminishes energy more