Tag Archives: romania

Romania’s economy seems to be good shape at the moment. General business-activity is picking up and real-estate is coming back. In plus, public-sector wage hikes, several tax cuts, low interest rates and cheap fuel prices are currently boosting consume – whether it’s on new cars or at Carrefour. Sales of the French retailer in Romania rose by 13.6% in 2015. …

According to Oxford Economics, right now the main risk for the Romanian economy is a strong slowdown of China’s economy, which would delete 2% of the estimated growth of Romania’s GDP. But no worry. So far, Oxford Economics’ own forecast is for Chinese growth to ‘slow gradually’ over five years from the current 6.9% to as little as 2.9%. This …

Romanians allocate less than 1% of the household expenditures for investments, but spend 7% of their income on alcoholic drinks and cigarettes, said Adrian Vasilescu, advisor for strategy with the National Bank of Romania (BNR) this week at a conference in Bucharest. And even the expenditures for clothing and footwear (5%) were below the average amount spent for cigs and …

As a foreigner living in Romania, its no question to me, that I have to assimilate to the romanian lifestyle and accept the way, life is going on here. Otherwise, I could leave the country as I was often told during the first months in Bucharest. Meanwhile, after a few years, I enjoy living in Romania and starting to defend …

In the 2nd quarter of 2015, the value of the international debt capital market transactions amounted to 1 trillion USD – that’s 1000 billion USD in 3 months. This huge market is called bond-market. In the financial world, a bond is a paper that determines a debt from the issuer to the holder. If a company or a government issues …

Last year, on 1 December, the Romanian National Day, I came across an article containing ’30 things that make us proud of Romania’. Interesting, I thought, a good opportunity to learn more about romanian achievements and find out, what kind of success make people proud of their country. Well, I wasn’t surprised to find Hagi or Nadia Comaneci on the …

For many people in my generation between 40 and 50, the term ‘Less Than Zero’ stands not only for low temperatures, but for the culture of decadence of the wealthy youth in Los Angeles in the middle of the 80’s, as shown in the (depressing) movie with this title.    This is going to change –  and the term ‘Less Than …

Romania´s economy grew strong from 2001 to 2008, with an average annual real GDP growth rate of 6.5%, according to the IMF. Thereby, property prices and demand rose in anticipation of EU accession, which took place in January 2007. But investors were disappointed by non-implementation of economic and political reforms which had been promised as part of EU accession conditions. …