Articolele autorului Florentina Dragu
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FDI In Romania Less Productive Than In CE Countries, WB Says
Foreign direct investment in Romania has been less productive than in other countries in Central Europe and its contribution to the economy is rather reduced, an official of the World Bank said Thursday. citeşte tot
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Romania Central Bank: Housing Banks Help Burst The Mortgage Bubble
Romania’s subsidized housing program, along housing banks have helped deflate the small bubble in the mortgage market, while bringing more stability to the system, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romania Faces Difficulties If Mother-Banks Reduce Cash Flows, President Says
Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday. citeşte tot
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Romania Enjoys Lower Borrowing Costs Than Italy, Hungary
Romania pays similar interest rates on its sovereign bonds as Spain and is perceived as less risky than Italy or Hungary, but trades outside neighbor Bulgaria. citeşte tot
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IMF: Romania Must Shield Itself From Financial Turmoil
Romania doesn’t need a full body armor against the international financial turmoil, but it should insulate itself well enough so it doesn’t become the next victim of the markets, an official of the International Monetary Fund said Wednesday. citeşte tot
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KPMG: Romania Property Lending To Remain Prudent
The Romanian real estate market is still in a relative state of stagnation and lending in the sector is unlikely to pick up any time soon, due to the high level of non-performing loans, a survey from tax and audit firm KPMG showed Wednesday. citeşte tot
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Romania 9-Mo Passenger Car Sales Down 11% On Year To 69,170 Units
Romanian new passenger car sales fell 11.4% on the year to 69,170 units in January trough September, from 78,152 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or APIA, said Tuesday. citeşte tot
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Romanian President Calls For Prudent 2012 Budget
Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Traian Basescu said Monday. citeşte tot
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Eurostat Withdraws Reservation On Romania's Deficit Data
Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern European country was according to ESA95 methodology, the Finance Ministry said Friday. citeşte tot
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EU Asks Romania For Clear Commitment On Oltchim Privatization
The European Commission has asked Romania to make “a clear commitment” and present a privatization calendar for the chemical plant Oltchim SA (OLT.RO), said Joaquin Almunia, Vice-President of the Commission and Competition Commissioner. citeşte tot
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Romania Ctrl Bker: Capital Inflows At EUR16B Before Crisis; The Money Is Gone Now
Romania benefited from annual capital inflows of around EUR16 billion on average between 2004 and 2008, but the global financial crisis took a big chunk out which is not coming back, a central bank official said Thursday. citeşte tot
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Romania OKs Two More Oil Drilling Licenses In The Black Sea
Romanian government Wednesday approved two oil exploration licenses in the Black Sea platform granted by the national agency for mineral resources to a consortium made of oil companies Lukoil Overseas and Vanco International. citeşte tot
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Credit Suisse: Average Wealth Of Romanians Up 12% On Year To $13,987 In 2011
The average wealth of a Romanian rose by around 12% on the year to $13,987 in 2011, ranking the country 59th in a global chart by investment bank Credit Suisse AG. citeşte tot
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EBRD: Lower 2012 GDP Growth Forecast Not Limited To Romania
Romania isn’t the only European country which saw its growth forecast reduced for 2012, as many economies will be affected by the worsening situation in the euro area, said Claudia Pendred, country manager for Romania with the European Bank for Reconstruction and Development. citeşte tot
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Romanian Leu Widens Loss Vs Euro, Exchange Rate At 4.3529
Romania’s leu extended earlier losses against the euro by midday Tuesday, amid a negative sentiment in the region, and the central bank’s reference weakened almost 0.5% on the day to 4.3529 units, the lowest level this month. citeşte tot
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KPMG: Romania Among States With Highest Social Contribution Rates
Romania ranks among the countries with the highest level of combined employer/employee social contributions on $100,000 of gross income, placing it 18th among 87 states surveyed in the category, according to the most recent KPMG International Individual Income Tax and Social Security Rate report. citeşte tot
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Romanian Prices Post EU's 2nd Biggest Monthly Fall In September
Romanian consumer prices declined 0.2% in September, the second biggest one-month fall in prices across the European Union after Malta, official data showed Friday. citeşte tot
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Romania Jan-Aug Current Account Gap Narrows To EUR3.3B
Romania's current account deficit narrowed 19.7% to EUR3.29 billion in the first eight months, from a gap of EUR4.1 billion in the year-earlier period, due mainly to a lower trade deficit and an increase in transfers surplus, central bank data showed Thursday. citeşte tot
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Romania August Industrial Output Rises At 4th Fastest Pace In EU
Romania’s industrial production rose 7.7% on the year in August, the fourth biggest increase in the European Union, official data showed Wednesday. citeşte tot
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Romania New Car Registrations Down 21.4% On Month In September
Romanian new car registrations fell 21.4% on the month to 6,875 units in September, but were modestly up from 6,860 units in the year-earlier period, Interior Ministry data showed Wednesday. citeşte tot
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Romania Inflation Hits Post-Communist Low In September
Romanian consumer prices fell for the fourth straight month in September, as food prices continued to drop, while the annual inflation eased to 3.45%, the lowest rate since the end of the communist regime in December 1989, official data showed Tuesday. citeşte tot
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Romanian Copper Miner Cupru Min Up For Sale For RON200M - Sources
Romanian state-run copper producer Cupru Min Abrud will be auctioned off next week at a starting price of around 200 million lei (EUR46.3 million), people at the Economy Ministry said Friday. citeşte tot
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IMF Delegation To Visit Romania October 25 - November 7
A delegation of the International Monetary Fund will visit Romania between October 25 and November 7 for the third review of a EUR3.5 billion precautionary agreement signed end March. citeşte tot
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Romania January-August Power Output +3.5% On Year
Romanian power output rose 3.5% on the year to 15.64 million tons of oil equivalent in the first eight months, fueled by higher production in most sectors, official data showed Thursday. citeşte tot
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Romanian Central Bank Gov Says Long Maturities On Consumer Loans Pointless
Romanian central bank governor Mugur Isarescu Wednesday said the bank’s new regulations to limit the maturity of consumer loans should be interpreted as a “return to normalcy,” because maturities of more than seven years would be pointless. citeşte tot
