Tag: recession

This was one of the conclusions drawn by Lucian Anghel, Chief Economist of BCR lender, during the presentation of the institution’s latest report. However, analysts say that this criterion must be accompanied by others, such as the evolution of gross domestic product (GDP) and...

According to preliminary estimates, GDP in July-September 2009 was 0.7 percent lower than in Q2. Similarly, compared to the same period in 2008, the decline was 7.1 percent. At the European level, the economies of seven states reported negative results, while the...

The domain on which the most jobs disappeared is manufacturing, with over 180,500 less employees, while health care staff increased by 7,500, public administration by 4,700, and education by 2,500 employees. Other industries hard hit by Romania’s recession are contruction, with 58,700 employees laid off...

The improved situation is due mainly to powerful strategic interventions. As such, the global economy is no longer in free fall, with recent data regarding trade, industrial production, confidence in the business environment, and consumers encouraging. According to the EC, the improvement in financial...

It was the first day of the new school year. While a young student was probably insisting on a €1,000 salary during a job interview, a real estate broker was contemplating exponential gains from speculations, and an investment banker was counting the hours...

“We hope not to suffer losses in this difficult year, in other words to end the year above breakeven,” Domo’s Marketing Manager, Gabriela Mandrea, told Business Standard. The company posted some €4 million in net profit last year, and net sales exceeding €200 mln. Regarding...