Revised sales in fall, reduced orders, dismissal of personnel, these are only a few of the effects which the crisis has in Iasi. More and more companies from Iasi say that they follow to reorganize their activity, as a result of worsening the economic conditions. The first signal was drawn by the metallurgy and scrap metal recycling industry.  The owner of the companies Remat and Pieta was among the first ones that have operated... [...]

Considered till recently a market “of all possibilities”, the Romanian credit market is confronting with a change process that seems to completely shake it. Forced by the international financial crisis, and also by the new crediting rules adopted by the National Bank of Romania (Banca Nationala a Romaniei –BNR), the banking institutions seem that they don’t make efforts for attracting customers willing to take credits.... [...]

Dark times for unemployment at Iasi. With or without being related to the world crisis, the capital city of Moldavia is facing with a dramatically situation in what concerns the layoffs. Hundred of persons have already lost their jobs through collective or individual layoffs. The local authorities estimate that till next spring other 2.000 persons risk to be dismissed, directing the unemployment rate of Iasi to rise over 10%. The world... [...]

Keeping up the price for diesel above the one of the gasoline directed that the sales of cars on diesel to fall dramatically in the first nine months of the current year. If at the end of last year, the weight of the diesel automobiles represented almost half of the total sales, after the first nine months it has dropped under 40 percentage. The main cause is represented by the fact that the price for diesel is bigger than the one for... [...]

The dispute between George Copos and Fathi Taher on a contract signed in March could have an unexpected end – the turn up of a different choice as owner of the club.Today is the last day in which Fathi Taher, businessman of Jordanian origin, can take over the package of 80% stocks of the football club Rapid Bucuresti. The last days were marked by a big incertitude related to the financial future of the club. Taher and George Copos, the... [...]

For two days, Iasi was the capital city of the dialogue between the political environment and religious one, within the  XI edition of the Intercultural Dialogue between the Orthodox Church and the European People’s Party and European Democrats( EPP – ED). The world financial crisis was one of the themes debated, the conclusion being that the current economic crisis will last many years and that its roots derive from a deeper... [...]

In a period in which the subject of the financial crisis started to be debated even on Sunday at the church, when the new norms of credit direct the banking market in a much expected normality and the European officials seem to be more preoccupied than ever to bring order in this sector, the Romanian banks pay more and more attention to the money of Romanians. Step by step, they increase the interests for deposits, either it’s about leu... [...]

Football is the most recent bet of the “wizard” Ovidiu Tender. Used to straighten out the troubled companies, Tender is heading towards a very sensitive area, in which the “fixed assets” are represented by the football players, and the profit might depend on a shot’s deflection.The idea that the businessman Ovidiu Tender to become major shareholder of the club FC Timisoara turned up during this autumn, and was... [...]

A Spanish court has authorized the sale of the majority stake in Mallorca Spanish club to the British businessman Paul Davidson, according to AFP. Davidson, who is head of pipe-fitting business, will pay 38 million euro to buy 91,24% of the club from Vincente Grande, a Spanish businessman whose real estate agency has problems. Since Grande was declared insolvent, the agreement had to be approved by a court. Mallorca teams are at the moment on... [...]

The Federation Internationale de l’Automobile (FIA) plans radical cost-cutting measures in Formula 1, over the next five years, with the purpose of avoiding the loss of this competition. According to some documents published by the British daily newspaper The Times, Max Mosley, the president of the FIA, has convoked for the next week the top ten teams in Geneva. It bill be brought into discussion the introducing of new technical... [...]

The rescue plan of the American financial sector elaborated by the United States of America Treasury is just an ample fraud, Paul Craig Roberts, former deputy secretary of the USA Treasury states.  Spending 700 billion dollars for purchasing toxic assets (without liquidity) by the government it won’t solve the main problem of the system, respectively the collapse of the real estate market and of the securities, but will only... [...]

Pressed by the fall without precedent of the European stock exchanges and by the overall bankruptcy spectrum of the international financial-banking system, the European Union’s leaders want a joint strategy against crisis which to protect, first of all, the club of the countries from the eurozone.The details of this strategy aren’t for the moment clear, as it isn’t clear how determined are the states to really participate to... [...]

The significant potential of the Romanian agriculture, as also the increase of prices for the agricultural products at international level could maintain the increased interest of the foreign investors on this sector. Unfortunately, the divided structure of the agricultural surface represents an obstacle in drawing in new investments, affecting in the same time the work productivity. During the last few years the prices for the agricultural... [...]

Confronted with the ample crisis of the financial-banking sector, the American government had to choose among three options: to do nothing for saving the banks, letting them by their own to find solutions, or to financially support them, but without taking over the control. The third option assumed that the American state to nationalize the banks that were in difficulty. The American authorities have chosen the second alternative, through the... [...]

If the Romanian pig is on disappearance, in the country’s swineries being about 1,3 million animals, the number of abattoirs, also modernized according to EU’s norms, has increased unjustified. Most of these stop the engines even for weeks, the cause being generated by the lack of raw materials. Even if the annual production of pork is much under the level recorded in the communist period, Romania importing at the moment over 70%... [...]