Crisis Diagnosis - Romania Caught on the Wrong Foot?

The current financial-economic crisis is one of the deepest since 1929 episode and definitely the most synchronised. Globalisation caused the effects of the fast spreading US subprime credit crisis

The Economic Activity Probably Reached the Bottom

In Q2 2009 real GDP decreased by 8.7% yoy (after -6.2% yoy in Q1) and by 1.1% from Q1 2009 (in Q1 2009 the GDP contracted by 4.6% from Q4 2008 and in Q4 2008 the GDP contracted also by 2.8% from Q3

Outlook for 2009 -10

The coalition government of the Democratic Liberal Party (DLP) and the alliance of the Social Democratic Party (SDP) and the Conservative Party (CP) has a strong working majority across the two par

Economic Outlook

Back in January when we released the -3.5% forecast for economic activity, we warned about significant risks for a worse outcome because of both global and domestic developments. Although our view

Talent Redefined: Is the Crisis Also a Crisis of True Talents?

One year ago corporations were struggling to find the people they needed and the market was a seller's market. The demand for quality professionals was at the highest level ever in Romania. By now

The Partnership Agreement, an Instrument for Business Development and for Improving Profitability

Although business development based on partnership agreements, particularly with the local public authorities, is more and more frequent in praxis, the partnership agreement does not stand for a sp

Managing the Risks of Fraud in a Downturn

The impact of the credit crunch and the global economic downturn is challenging even our most robust institutions. Many businesses have to deal more and more with „fighting fires" now rather

Corporate Restructuring Tough but Necessary

Over the past three years, many companies took on much debt, making them more sensitive to the current economical and financial crisis. Now, companies are facing various kinds of difficulties and a

Innovate Your Business Model

Currently, the ability to innovate is more important than ever to keep pace with business and stay ahead. Inaction is the riskiest response to the uncertainties of an economic crisis and rash or sc

Adventures with the Romanian Capital Gain

In the context of the international downturn, every investor in the Romanian Real Estate market has to look forward and seek the best way to surpass the challenging times.

As we all know in

BVB versus Foreign Stock Exchanges in Terms of Market Multiples

In previous years, stocks listed on the Bucharest Stock Exchange were well-known for being traded at rather high multiples compared to stocks listed on more developed markets. Nevertheless, the eco

Romanian Capital Market

After a steep downturn in 2008, when the stock market fell by more than 70%, the first half of 2009 saw a V-shaped evolution. The main reasons that stood behind the market fall in the first part of

Romanian Capital Market Regulatory Framework

The legislative framework of the Romanian Capital Markets consists of the following Laws and Regulations:

• Capital Market Law (Law 297/2004);
• Companies' Law (Law 31/199

The End of Consumerism as We Know It

Being somewhat halfway towards consolidation, the Romanian food retail faces the hardest trial of its existence so far: the worldwide economic crisis which obviously leads to a drop in consumption.

The Impact of the Economic Crisis on the Romanian Software and IT Services Market

While many were still optimistic about unaffected software and IT services industry in Romania throughout 2009, PAC's expectations concerning a hardly hit IT sector have unfortunately confirmed for

Romanian Telecom Market Overview

The Romanian telecom market1 saw a healthy increase in 2008, in spite of the increasingly difficult market conditions, reaching a value of EUR 4.26 bn (USD 6.23 bn) from EUR 3.91 bn (USD 5.36 bn) i

Romanian Healthcare Sector

Romanian healthcare expenditure still has the lowest weight in GDP if compared to other CEE or EU countries. Based on the latest data available, the healthcare spending per capita in 2008 (i.e. EUR

Crude / Refining / Petrochemicals Sector in Romania

■ Romania is a mature oil processing country, with multiple refining facilities and intensive transportation infrastructure. Of the total number of 10 refineries, 5 are owned by three player

Romanian Insurance Market Overview

The Romanian insurance market, with its comparatively low density and penetration rate, exhibits one of the highest development potentials in the European market.

The local insurance market

Statistical Indicators

* Values under 0.05

Macroeconomic Statistics

Monthly data on the main social and economic indicators (data released by the National Institute of Statistics in its Monthly Statistical Bulletin) are preliminary and may be revised subsequently;

Romanian Motor Vehicle Market

Romania is our priority in investment for this year

In 2010 the total investment of bauMax in Romania will be around 80 million euros, the biggest investment that the company is doing in a single country

Peste 12-18 luni dobanzile la creditele in lei ar putea sa fie comparabile cu cele la creditele in euro

Cred ca persista inca incertitudini importante vizavi de o serie de evolutii economice, mai apropiate sau mai indepartate de Romania, care pot sa aiba o influenta asupra economiilor europene si implicit si a celei locale.

Cu cat ajungem mai rapid la o transparenta a infrastructurii institutionale, cu atat mai atractiva va fi economia

Un rol foarte important il va juca mentinerea acordului stand-by cu Fondul Monetar Interantional. Pe parcursul acestui an sunt programate sa vina noi transe de la Fond...