Crisis
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Coca Cola HBC head: I did not foresee the crisis, but I expected the downturn
Călin Drăgan, 44, general manager of Coca Cola HBC Romania and Moldova (the bottler of drinks part of Coca Cola portfolio), says that while he did not foresee the financial crisis, he anticipated during the boom period, when the economy grew by over 5%, that a...
BauMax targets 200m-euro sales after catching up with Bricostore
The Austrians at BauMax, which yesterday opened their 14th store on the Romanian market, have come to compete with Bricostore for the third position on the DIY market after five years, with...
Crisis erases 30% of METRO's sales per square metre
The METRO group, the leading player in Romanian trade, ended last year with 1.837 billion euros in sales, down 3.5% against the previous year.
Băsescu says Europe is still in crisis. Will Romania return to growth in 2011?
Romanian President Traian Băsescu announced at the end of last week that the "story" being run in newspapers and on television about an economic rebound is not a reality yet, with Europe sti...
Investors still lack the courage to invest in equity funds
The last two years of crisis have prompted equity funds, considered to be the riskiest mutual funds, to be increasingly cautious with their stock exchange investments, a strategy explained b...
E.ON: The crisis is generating competition on projects among countries and Romania is not at the top of the list
Germany's E.ON, present domestically with electricity and natural gas distribution and supply operations worth over 1bn euros, says that amid the crisis competition for companies' money as r...
Two years from the onset of the crisis, Romania can't find its way out
The collapse of the US Lehman Brothers bank two years ago, the worst financial disaster in history, was the official onset of a financial and economic crisis that wreaked havoc in the entire...
Major banks' strategies during crisis
For bankers, the economic crisis does not mean only calculations about the coverage of bad loan losses and foreclosures, but also possibilities to grow on certain market segments, of securin...
Crisis is not for bankers
After almost two years of crisis, the terms "redundancy" and "restructuring" do not exist for the banking industry, but only for its clients, with banks avoiding to significantly scale down...