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... [...]

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... [...]

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... [...]

There are only four days till the new loaning norms will enter in force. More harsh conditions, higher costs for loans and fewer customers, these would be on short the effects of the new regulation imposed by the central bank. While the bankers complain that BNR let them without “the object of work” and the analysts forecast the end of “taking credit with the ID”, a third of the banks that activate on the Romanian... [...]

The softening trend of the insurance products from Europe was slowed down by the credit crisis from USA, it is shown in the most recent insurance market report published by Marsh in the first semester of 2008. The tendencies can be easily inverted in the second half of the year, in case of getting over the unfavorable economic situation. On most of the segments, the insurance market from Europe has continued the softening trend, due to the... [...]

The desperate racefor the skilled employees stimulates the Europeans’ imagination, but not so much for following till the end the American example and to offer the emigrants the same generous conditions.The dark demographic prospects of the EU’s countries, liable to put under the sign of question the economic competitiveness and sustainability of the social insurance schemes in the next decades, puts pressure on the European... [...]

When the customers access a credit, they pay a special attention to the interest rates, commissions, reimbursement period, eventual promotional offers, but especially they pay attention to the ways through which they can contract a higher credit. Some information are placed at the disposal of customers, other are just partially presented to them and in most of the times put the banks in a favorable light. There’s for sure that there are... [...]

Slowing down engines of the main European economies could grant Romanians a respite to recover the huge gap of development that separates them from these, on the condition to turn out from the European Union.If we give credit to the calculations of PM Calin Popescu Tariceanu, in the next six years, Romania will be counted among the first seven European economies, or among the first ten if we listen to the Minister of Economy and Finance,... [...]