financial crisis

Romanian Telecom Industry Resists Financial Crisis By Adapting Offers To Clients’ Demands

12:27, 26 Nov. 2009
The Romanian telecom industry managed to successfully resist the financial crisis by adapting offers to clients’ demands and stimulating consumption, which led to an over 30% mobile network traffic increase, telecom regulator ANCOM president Catalin Marinescu said Thursday.

Romanian Fin Min: Fincl Crisis Needs Cooperation Between Those Involved

15:06, 12 Ian. 2009
The size, symptoms and spread of the global economic turmoil signals a close cooperation is needed between the authorities and all those involved, Romania's Finance Minister Gheorghe Pogea said Monday, at the beginning of a meeting with employers' associations and trade unions.

Romanian, Bulgarian Workers Remain Europe’s Personae Non Grata – Paper

11:30, 09 Ian. 2009
Romanians and Bulgarians are still not seen as full-fledged citizens of the European Union, as many member states continue to keep them away from their labor markets, mainly due to the economic turmoil that seriously affected their economies, German daily Der Speigel wrote on its website.

Romania’s New Govt To Work With Ctrl Bk, Employers Unions On Action Plan To Counter Fin Crisis

13:18, 16 Dec. 2008
Romania’s new government will work with the central bank, the Romanian association of banks, employers and unions to come up with an action plan to manage the financial crisis and relaunch private lending.

Unrest To Hit Romania’s Economy In ’09 – Ctrl Bker

20:54, 28 Nov. 2008
The unrest due to the uncertainties caused by the international financial markets is one of the main problems Romania's economy will face in 2009, the central bank’s governor Mugur Isarescu said Friday.

Romania Will Be Affected By Fin Crisis, But Can Overcome It – President

11:52, 07 Nov. 2008
Romanian President Traian Basescu said Friday before leaving for Brussels that Romania will certainly be affected by the global financial crisis, but it has enough resources to overcome it and the pending threat shouldn’t impair reform.

Fin Crisis To Affect Telecom Indus Less Than Bk Sector – Vodafone

14:01, 05 Nov. 2008
The international financial crisis will affect the entire economy, and the telecom market as well, but the impact on the telecom industry will be lower than that on the banking sector, Vodafone Romania's general manager Liliana Solomon said Wednesday.

PM: Intl Fin Crisis Triggers Caution About New Invests In Romania

17:05, 25 Oct. 2008
Both local and foreign investors show caution in launching new businesses in Romania due to the international financial crisis, and many investments will most likely be postponed until the crisis fades away, Romanian Premier Calin Popescu Tariceanu said Saturday.

Intl Fincl Turmoil To Cause Layoffs In Romania – Businessmen

14:34, 20 Oct. 2008
The international financial turmoil could trigger layoffs in Romania, as local companies are already revising their costs and staff structure, but some companies, especially the market leaders, could take advantage to create new business opportunities, according to the country’s businesspeople.

Romanian Bank System’s Solid Capitalization Protects It From Intl Crisis – Bker

18:39, 23 Sept. 2008
The Romanian banking system is less vulnerable to the international financial crisis as it has a solid capitalization and it is exposed solely on the local market, where yields are high, central bank governor Mugur Isarescu said Tuesday at a press conference.

Analysts: International Financial Crisis May Affect Romania

19:35, 16 Sept. 2008
The international financial crisis might have an indirect effect upon Romanian economy, as this could reduce capital flows and investors’ appetite for risk, analysts said.