recession
24 articole · RSS
Basescu says NBR's optimism about the trend of the economy is not grounded
President Traian Basescu yesterday coldly announced during the Government's extraordinary meeting that the Romanian economy was going into recession, which means that instead of getting out...
Aviva Europe boss: No talk of recession in Romania
Romania's high economic growth will diminish the effects of the financial crisis locally, but there will be a slight impact on the real economy, due to the decline in consumption, says Andre...
Industry points towards recession
The gross added value within industry only rose by 0.8% in the third quarter of this year compared with 2004, a sharp decline from the increase of 4% in the first half and 6% in 2004, data f...
Famos hit by recession
Harghita-based Famos, a maker of furniture and wooden panels, which it exports, concluded first half with poorer results than last year due to the recession in Western Europe. The H1 turnove...
US and EU recession hits Radauti
Textile producer Bucovina Tex did not exactly have a good 2002. After having posted $5.3 million turnover in 2001, the company saw it shrink to $4.6 million last year. At the same time, wher...
Why are salaries steady during recession?
Salary change in times of recession is one of the most profound dilemmas of the economic science. Over the course of this century, numerous schools of economic thought have disputed the true...