Archive » November 2008 » 24 November 2008 The english news from 24 November 2008
Economic crisis claims 50,000 layoffs in Romania's private sector in October and November
Romania's privately-owned companies in 30 counties sacked around 50,000 employees since the beginning of October amid the economic turmoil that blocked investments and cut demand for exports, according to Ovidiu Nicolescu, head of the council for SMEs…
Top 100 most valuable companies in Romania
The reallocation of resources can take place slowly, over cycles of ten to twenty years, or abruptly, as is the case now. So what does the crisis amount to - an abrupt decline in stock prices, a decrease in car sales and house prices, or a quick reallocation of resources?…
How major owners view the 2009 real estate market
The Romanian real estate market is struggling between stagnation and decrease in 2009, and lenders will have the final say on the outcome. Land prices might drop by up to 40 percent and could rebound in two-three years…
Romania Econ Growth Seen Below 4% In '09 From 8% In '08
Romanian economic growth is seen below 4% in 2009, down more than half compared to the 8% growth estimated for 2008, analysts said. The analysts forecasted an 8.7% growth for the first nine months of the year, with the rate to slow down to 6.3% in the fourth quarter…