Articole cu tag-ul: crisis, expectations, FDI

General

FDIs expected to amount to €5 bln in 2009, half the 2008 level

Over half of last year’s investments (51.3 percent), namely €4.87 bln, were net participations in the share capital of Romanian companies. Also, the net credit received by companies from foreign direct investors, including from within the group, made up 48.7 percent of the net FDI flow, namely €4.62 bln. Investors targeted the manufacturing industry (31.3 ...

General

The Agricover business grows in spite of the crisis

This increase was mainly due to its grain distribution division, Agricover Distributie, which posted the highest growth rate in business, of 57 percent, followed by the grain and oily seed plants, Agricover Cereale (12 percent). “We were favoured by the fact that the need of farmers and processing companies for a financially solid partner, to ...

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IMF to return with greater expectations

According to sources close to discussions between the Romanian government and the IMF, the international fund will not prove as lenient as before in terms of targeted goals. Even though Romania managed to maintain control over its budget deficit in the first six months, by postponing payments, the state has exceeded its arrear target by ...

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Industrial decline sharpens: A W-shaped crisis is more plausible

Month-on-month, net sales in industry dropped 10.5 percent in August, due to a 10.9 percent contraction of business in the manufacturing industry, while the extractive sector rose 0.4 percent. August is the tenth consecutive month of decline in the industry sector, which has been severely affected by the economic crisis. This extension of the decline ...

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Businesspeople are also responsible for the crisis

Other messages from the President are: the exchange rate should be maintained between RON 4-5/€1, the single salary law is equitable because nobody is happy with it, and the wide budget deficit manages to cover salaries and investments. “The first goal in the battle against the crisis, and the most important, was and continues to ...

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Wolf Theiss lays off half its lawyers

At this time, Wolf Theiss’ local branch is left with 18 attorneys, after this second wave of layoffs, following the first such move three months ago. This is the first major negative decision in connection with human resources by a large local legal firm, and similarly a sign in contradiction with announcements made by such ...

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Presidential candidates introduce economic proposals

“The speeches of the presidential candidates will surely refer to economic elements, because of the current context. Each of these will attempt to catch his opponent in offside, and the economy will be one of the electoral battlefields,” political analyst Bogdan Teodorescu said. The leader of the National Liberal Party (PNL), Crin Antonescu, identifies fiscal ...

General

Canon: The sales before the crisis are fond memories

The new approach is in response to the changes which occurred in the economic climate, as sales on the consumer segment dropped and opportunities in the business area appeared, generated by the need of companies to restructure and cut costs. “Sales that were registered before the crisis are fond memories. Believing that one can recover ...

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Burci: Romania took no anti-crisis measures. 2010 will be a very difficult year

“I do not believe that Romania took any anti-crisis measures this year. Next year will be very difficult. The recession will continue. I expect slight growth in 2011,” Burci said. According to the official, the effects of the crisis in European countries will be much more visible next year. However, Romania is in a more ...