Archive » September 2009 » 02 September 2009 The english news from 02 September 2009
Merrill Lynch: The worst is behind Romania
The darkest period of Romania's economy since 2000 is coming to an end. The economy is expected to stop declining at the end of this quarter, Merrill Lynch analysts told Business Standard. Almost all economic sectors registered decline in the first half of this year, with one exception: industry, which continues to be in the red, but gradually slowed its drop rate in the past few months …
Romanian banker bonuses in 2009
Romanian bankers could end up with no bonuses in 2009, according to Radu Furnica, the top executive recruiter for the financial industry. Until last year, bonuses could as much as double the fixed share of a banker's salary, amounting to tens or hundreds of thousands of euro…
S & P Revises Dn Romania's GDP, Budget Deficit Forecast
Rating agency Standard & Poor's revised down its predictions on Romania's economic contraction in 2009, from 5% to 7.6%, and the budget deficit from 6% of the GDP to 6.6% of the GDP, which are nevertheless more optimistic than International Monetary Fund's latest forecasts on Romania…
INS: Economy dropped 8.7 pc in Q2
Economy dropped in Q2 by 8.7 per cent over the same period of 2008, and by 1.1 per cent vs. the first three months of this year, contractions of 0.1 points below the most recent estimates, the most significant decline, of 14.2 per cent, being registered by the constructions sector, the National Institute of Statistics (INS) announced yesterday, Mediafax informs…