financial crisis
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Foreign markets jittery again, NBR sells foreign currency to hold RON steady
The rekindling of the financial crisis in the West yesterday put pressure on the RON/euro exchange rate and on Romania's default risk premium, but the hardest-hit country in the region is Hungary, whose CDS leapt to 378 basis points (3.78 per cent).
Romanians lose 60bn euros due to financial crisis
Romanians' financial and real estate wealth declined in 2008, for the first time since they started to be calculated.
Brewers freeze promotional budgets due to financial crisis
Beer producers' promotional investments were three times lower in September against the same period in 2007, according to the data provided by Alfa Cont research firm.
Keynes, not Marx, is back!
The financial crisis which is ricocheting worldwide and causing tremendous anguish and tremors.
AIG/Lincoln: We will evaluate financial risks even more carefully in the future
Representatives of real estate developer AIG/Lincoln, a subsidiary of American group AIG (which was just one step away from bankruptcy) and Lincoln Property, say the company will be affected...