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Articles - economic crisis

FDI to Romania down 8.2 percent to EUR 1.8 bln on ten months

The National Bank of Romania said on Friday foreign direct investments (FDI) to Romania shrank by 8.2 percent to EUR 1.8 billion in the first ten months against the same period of last year.

Eurostat: GDP per capita in purchasing power standards in 2012

Most Member States had GDP per capita between 70% and 130% of the EU28 average.

Taxation, competition, lack of demand – main problems faced by companies

The high level of taxation, competition and the lack of demand are the main problems faced by companies, according to a survey conducted by the Central Bank (BNR)’s Financial Stability Directorate, the BNR’s chief economist Valentin Lazea told the conference ‘Lessons Learn in Five Years of Crisis,’ yesterday, Agerpres informs.

Statistics keep the economic growth estimate at 1.6% in Q3 and 2.7% at nine months

The National Statistics Institute (INS) keeps the announced estimate in November regarding the evolution of the GDP, according to which the economy grew by 1.6% in Q3 against the previous three months and with 4.1% against July-September 2012, so that at nine months the advance is 2.7% supported by industry and agriculture.

Romania experiences largest economic growth in EU

The INS maintains its prognosis of 1.6 percent economic growth in Q3 and 2.7 percent growth in the nine-month interval.

INS: 10 pc drop in economy investments in Q3

Between July and September 2013, overall investments amounted to barely RON 17.82 billion, 10 per cent lower than in the third quarter of 2012, according to data issued by INS (the National Institute of Statistics).

Era Shopping Oradea retail entered insolvency

Omilos Oradea, a company which portfolio includes Era Shopping Park in Oradea, entered insolvency, as Bucharest court accepted its request.

Number of insolvencies doubled in October

The number of companies that have filed for insolvency doubled in October compared to September, so that 23,543 cases have been registered after the first ten months of this year, up by approximately 8 per cent compared to the same period last year, the National Trade Registry Office (ONRC) informs.

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