Greece
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3,900 Romanians go to Greece on holiday weekly
Travel agencies selling holidays by plane to Greek islands make almost 1.4m euros per week, a level almost similar with last year's, according to a ZF survey based on the number of charter flights operated toward the Greek islands.
After Greece, it's Hungary's turn to shake financial markets
A new shockwave hit the Bucharest Stock Exchange, and the RON returned to the level at the beginning of the year on Friday, after the governmental officials in Budapest said at the end of la...
Withdrawal of foreign investors erases over 1bn euros from Stock Exchange
The Bucharest Stock Exchange suffered its biggest corrections in a year over the past few days amid the Greek crisis, as well as amid fiscal uncertainties on the Romanian market.
Greece gets 110 billion euros, biggest bailout in history
Greece got 110 billion euros from the euro zone countries and from the International Monetary Fund yesterday, the biggest financial aid for a country ever.
Greece narrowly avoids collapse, markets get jittery
Greece’s problems are shaking financial markets again, as a result of pressure from Standard&Poor’s rating agency. Romania’s Central Bank Governor Mugur Isarescu says Greek-held banks...
Romania was saved by the Greeks' money, but who will save them?
Greece, like Romania over a decade ago, is advised to announce a default on its payments by the most powerful members of the euro zone. Ironically enough, in 1997 Romania managed to avoid a...
EcoFin: Romania's road to the euro will not be affected by Greece's situation
Greece's situation will not affect the progression of euro-candidate countries in Eastern Europe, such as is the case of Romania, which will only have to keep their commitments in order to a...
Ioannidis: The situation of Greece will not harm Romtelecom
The difficult economic period Greece is going through will not hurt OTE and implicitly Romtelecom, a company 54% owned by the Greek group, maintains Yorgos Ioannidis, general manager of the...
How vulnerable is Romania to the ‘Greek tragedy’?
As it accounts for about one quarter of the banking assets in Romania, the economic crisis-hit Greece is becoming a risk factor that major international banks were quick to pick up.