recession

EBRD: Greece’s Troubles Unlikely To Send Romania Back Into Recession

12:49, 05 Iun. 2011
Greece’s seemingly turn for the worse is unlikely to push Romanian economy into recession, said Peter Sanfey, lead economist at the European Bank for Reconstruction and Development.

Romania Might Be Affected By New Recession, Caused By Japan Earthquake – Govt

13:21, 17 Apr. 2011
Economic recovery is difficult and overdue, while the effects of the earthquake in Japan raise new concerns about the global recession that can affect Romania, given the "climate of psychosis around cataclysms," which can impact markets, says the Government's fiscal strategy.

Romania Might Emerge From Recession In End-March – PM

19:45, 17 Feb. 2011
Romanian Prime Minister Emil Boc said Thursday that Romania might emerge from recession by the end of March, having posted 0.1% growth in the GDP in the fourth quarter of 2010.

Romanians Drink Less Spirits Because Of The Recession

07:03, 06 Dec. 2010
Consumption of spirits in Romania has decreased this year to 5 liters per capita from 6 liters per capita last year because of the recession, Romulus Dascalu, head of the Garant employers’ association in the industry, told MEDIAFAX.

Romanian Ctrl Bank Governor Says Arrears Worse Than Large Deficits

14:34, 13 Nov. 2010
Arrears are one of the reasons why Romania is in recession and has a high inflation rate and the chain of overdue payments is more dangerous than large deficits, central bank governor Mugur Isarescu said Saturday.

Oxford Economics: Romania To Remain In Recession Until 2012

14:52, 03 Nov. 2010
Oxford Economics has revised downward its forecast on Romanian economy to minus 1% in 2011 from a growth of around 1% previously, citing weak economic indicators and political risks.

IMF: Romania To Exit Recession In 2011

12:46, 28 Oct. 2010
Romania will return to economic growth in 2011, most likely of around 1.5%, officials of the International Monetary Fund said Thursday, following media estimations that the country would remain mired in recession for the third consecutive year.

Romania To Exit Recession With A Six-Month Delay – PM

10:54, 23 Sept. 2010
Romania will emerge from recession behind most other countries, as the crisis hit with a six-month delay, Prime Minister Emil Boc said Thursday.

Romanian Electricity Transporter Transelectrica “Is Still In Recession” – GM

13:30, 09 Sept. 2010
The financial results posted by Romanian state-owned electricity transporter Translectrica (TEL.RO) in the first half of the year were influenced, among others, by unpaid debts, and the company is still in “recession”, Thursday said company general manager Adrian Baicusi.

Romania Fin Min Says Revival Nowhere In Sight

14:41, 27 Mai 2010
Romanian Finance Minister Sebastian Vladescu on Thursday expressed concerns that the recession might not loosen its grip over the country anytime soon, in spite of austerity measures aimed at jump-start revival.

Romania 1Q GDP -0.3% On Quarter, -2.5% On Year

10:11, 12 Mai 2010
Romania’s first quarter gross domestic product shrank by 0.3% in real terms compared with the earlier quarter, a flash estimate of the National Statistics Institute showed Wednesday.

Romanian Economy Out Of Recession In Q4 2009 – Analysts

19:32, 10 Feb. 2010
Romanian gross domestic product is estimated to post a slight grow in the fourth quarter of 2009 compared with a quarter earlier, but the economy contracted by 6.6%-7% last year, analysts said Wednesday.

Romanian President Says Country Is Recovering From Recession

10:56, 11 Nov. 2009
Romanian President Traian Basescu said late Tuesday on national television that the country appears to be recovering from the recession and may see economic growth in the first quarter of 2010.

August, Worst Month In 10 Years For Bucharest Hotels – Consultant

12:46, 17 Sept. 2009
August was the worst month in revenues and demand of the past ten years for the 4- and 5-star hotels in Romania’s capital city Bucharest, and the occupancy rate fell to 30%-40% because of the economic crisis, according to consultancy company Trend Hospitality.

Romania To Overcome Recession Six Months After Germany And The USA – President

15:31, 21 Aug. 2009
Romanian president Traian Basescu said Friday Romania will overcome the economic crisis six months after Germany and the United States come out recession, forecasting that “nothing will be as before”.

Romanian Agr, Constructions Seen Vital For Econ Recovery

18:59, 26 Mai 2009
Romania’s strongest points toward economic recovery might be the agriculture and constructions sectors, Senate chairman Mircea Geoana said Tuesday.

Romania’s Economy To Start Recovery From „V” Recession – Ctrl Bker

14:22, 21 Mai 2009
The Romanian economy will go through a "V" shaped recession, with a sharp fall followed by a gradual recovery, and the deepest point was in the first quarter, the central bank’s governor Mugur Isarescu said Thursday.

Romania’s Economy Is Not In Recession, Despite 6.4% Decrease In 1Q GDP – Pres

15:25, 16 Mai 2009
Romanian President Traian Basescu said Saturday, at the Congress of Romanian Students’ Union, that Romania’s economy is not in recession, despite the 6.4% contraction of the gross domestic product in the first quarter of 2009, adding the economy actually saw an upward trend in April.

Romanian 1Q GDP Dn 2-4.1%, Analysts See Technical Recession

13:11, 14 Mai 2009
Romania’s gross domestic product, or GDP, fell 2%-4.1% on the year in the first quarter, according to economic analysts, while part of them say the economy might have already entered technical recession based on its first quarter evolution.

Romanian Economy May Enter Technical Recession After 1Q – Raiffeisen Analyst

12:46, 11 Mart. 2009
Romania will probably enter a technical recession following the first quarter, as the country’s gross domestic product fell by 3% in the last quarter of 2008 compared with the previous quarter, Raiffeisen Bank chief economist Ionut Dumitru said Wednesday.

Many Romanians See Country’s Economy In Recession In ’09 – Survey

12:18, 22 Ian. 2009
More than one third of Romanians see the country’s economy in recession in 2009 and only 8% of them expect an economic growth similar to previous years, according to a survey conducted early December 2008 by Unlock Market Research.