surge
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Non-government lending surge triggers more overdue credits
If there were ever any doubts about the need for the central bank's desperate efforts to cap, one way or another, the frantic growth pace of non-government lending, these doubts have certain...
IMF delegation to tackle soaring trade deficit, surge in lending
The economic growth estimated for the first half of 2003 was 0.2% smaller than the 5% originally stipulated in this year's budget, said Finance minister Mihai Tanasescu. The underperformance...
Surge in lending erodes savings power, worries International Monetary Fund
The rapid surge in lending is visibly eating away at savings. Rates no longer incense people to keep their money in the banks, whereas the hunger for loans is engulfing the savings, as down...
NBR Governor admits to inflationary fears, triggered by euro surge
The Romanian central bank was taken by surprise by the euro's surge, as it had not expected the single European currency to embark on such an ascending trend. The inflation target could be j...
Heat induces surge in air conditioner sales
Boy, it's hot out there. What would be best against such weather if not a cool home! Estimated to 50,000-60,000 units and more than 30 million euros last year, the Romanian air conditioners...
Euro surge joined by US dollar plunge to four-time low
Neverending nightmare for those unlucky enough to have euro-denominated credits or leasing contractsIn only three days (since the beginning of March), the ROL exchange rate against the singl...
Euro surge bolsters foreign trade
Romania's exports exceeded all expectations last year, amounting to $13.8bn. Having gained 21.8% compared with 2001, exports remained the drive behind the economic growth estimated at more t...