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Metallurgy and scrap metal recycling, the sectors with problems in Iasi
Revised sales in fall, reduced orders, dismissal of personnel, these are only a few of the effects which the crisis has in Iasi. More and more companies from Iasi say that they follow to reorganize their activity, as a result of worsening the economic conditions. The first signal was drawn by the...
Eight out of ten Romanians resorted to promotions for taking credit
Considered till recently a market “of all possibilities”, the Romanian credit market is confronting with a change process that seems to completely shake it. Forced by the international financial crisis, and also by the new crediting rules adopted by the National Bank of Romania (Banca...
Romania's poorest areas will be the most affected by the financial crisis
Dark times for unemployment at Iasi. With or without being related to the world crisis, the capital city of Moldavia is facing with a dramatically situation in what concerns the layoffs. Hundred of persons have already lost their jobs through collective or individual layoffs. The local...
Diesel car sales dropped over 13% in the first nine months of 2008
Keeping up the price for diesel above the one of the gasoline directed that the sales of cars on diesel to fall dramatically in the first nine months of the current year. If at the end of last year, the weight of the diesel automobiles represented almost half of the total sales, after the...
The crisis of moral values led to the world financial crisis
For two days, Iasi was the capital city of the dialogue between the political environment and religious one, within the XI edition of the Intercultural Dialogue between the Orthodox Church and the European People’s Party and European Democrats( EPP – ED). The world financial...
Banks fight for Romanians' money using unorthodox metods
In a period in which the subject of the financial crisis started to be debated even on Sunday at the church, when the new norms of credit direct the banking market in a much expected normality and the European officials seem to be more preoccupied than ever to bring order in this sector, the...
US Treasury is accused of fraud by American experts
The rescue plan of the American financial sector elaborated by the United States of America Treasury is just an ample fraud, Paul Craig Roberts, former deputy secretary of the USA Treasury states. Spending 700 billion dollars for purchasing toxic assets (without liquidity) by the government...
The European shield against crisis protects especially the eurozone
Pressed by the fall without precedent of the European stock exchanges and by the overall bankruptcy spectrum of the international financial-banking system, the European Union’s leaders want a joint strategy against crisis which to protect, first of all, the club of the countries from the...
The first 50 agricultural producers own only 4% of the arable terrain
The significant potential of the Romanian agriculture, as also the increase of prices for the agricultural products at international level could maintain the increased interest of the foreign investors on this sector. Unfortunately, the divided structure of the agricultural surface represents an...
700 billion dollars, an expensive solution for the financial crisis
Confronted with the ample crisis of the financial-banking sector, the American government had to choose among three options: to do nothing for saving the banks, letting them by their own to find solutions, or to financially support them, but without taking over the control. The third option...
13 banks can grant loans without considering BNR's restrictions
There are only four days till the new loaning norms will enter in force. More harsh conditions, higher costs for loans and fewer customers, these would be on short the effects of the new regulation imposed by the central bank. While the bankers complain that BNR let them without “the object...
Low effect of the USA credit crisis
The softening trend of the insurance products from Europe was slowed down by the credit crisis from USA, it is shown in the most recent insurance market report published by Marsh in the first semester of 2008. The tendencies can be easily inverted in the second half of the year, in case of...
Blue Card enters in direct competition with Green Card
The desperate racefor the skilled employees stimulates the Europeans’ imagination, but not so much for following till the end the American example and to offer the emigrants the same generous conditions.The dark demographic prospects of the EU’s countries, liable to put under the sign...
Decreasing rates diminish the cost of credit up to 30%
When the customers access a credit, they pay a special attention to the interest rates, commissions, reimbursement period, eventual promotional offers, but especially they pay attention to the ways through which they can contract a higher credit. Some information are placed at the disposal of...
Romania dreams to be in champions league of the European economy
Slowing down engines of the main European economies could grant Romanians a respite to recover the huge gap of development that separates them from these, on the condition to turn out from the European Union.If we give credit to the calculations of PM Calin Popescu Tariceanu, in the next six...
Big corporations offer assistance for children of employees
From one year to another, the fix wage feels the land slipping in the structure of the wage package. The stars of the new trend in domain are represented by variable bonuses and benefits, and less by fix bonuses. The human resources experts say that the new tendency is generated by the high level...
Asian and European Cities become more expensive for expats
Moscow is the world’s most expensive city for expatriates for the third consecutive year, according to Cost of Living Survey 2008 from Mercer – city rankings, company within the group Marsh & McLennan Companies. Mercer is represented on the Romanian market by Marsh, on the segment...
In S1 2008 economy increased by 8,8% and wages by 3,3%
Lately Romania breaks records after records: economical growth unwitnessed since the period of communism, huge currency reserves, unexpected values added to the budget, increase for the retail sales etc. And are not the only ones. To just one chapter we aren’t on a good position (exactly...
The big auto manufacturers fight against the environment organizations
The Europeans have to choose between big and powerful cars for accessible prices that are delivered at package with intensive pollution, or cars with a fresher air and a healthier life, at package with smaller and more expensive cars. Until they decide, the auto industry tries at Brussels to...
The credit for the private sector did not put up the price
The international credit crisis should have made the credits much more expensive and harder of being taken, inclusively in the euro zone. This doesn’t happen at least for the moment, it is revealed in a study published by Guillermo de la Dehesa, president of the Economic Policy Research...
Interests and tax deductions, premises of mortgage development
At the beginning of the ’80, many countries from the European Union didn’t have a developed mortgage credit market. The situation faced by some states can be compared with the one from Romania. However the low interests, next to the economic increase and some fiscal incentives had an...
The private healthcare services are being developed across the country
The private healthcare services are starting to develop in Romania rather through their own forces. The direct foreign investments aren’t significant, and their presence is preponderant noticed in clinics. “Superclinics” have turned up and we hardly entered in the stage of...
Fuel prices go sky high in Europe
The fulminate rhythm of the price increase for power in the euro zone, but also in Romania nourishes the increase of inflation. During the last six months, the main concern of the Europeans has become the constant increase of prices. For 37% of them the increase of the inflation rate is a...
Romania, the last of EU at Internet and telephony
In 2008, the rate of penetration of the telephony in Romania is of 80%, reported to an average of the European Union countries of 95% and with 9% less then its partner of adhesion, Bulgaria. 20% of Romania’s population has no access to telephony, a percentage twice bigger against the second...
The unsecured loans, twice more expensive then the backed ones
During the last year, the general conditions of loaning for the population have changed almost in totality. The competition on the banking market directed to more facilities for some loans, despite the repeated signals of the Romanian National Bank. Some costs have been eliminated, but another...
