News » March, 2011 » 7 March 2011
Ţiriac believes we'll exit the crisis in 2012
07.03.2011, 07:47 | Economy | 981 views
Businessman Ion Ţiriac, probably the wealthiest Romanian, is quite reserved with regard to the firm statement that the Romanian economy will exit the crisis at the end of the first quarter. He believes 2011 will be just like 2010 and we'll leave the crisis behind in 2012. "Banks have a lot of money at present, even in Romania there is money in banks, but they are equally cautious or hyper-cautious, so that they no longer know where, how, what and to whom to lend money. On the other hand, relationships among banks are almost frozen because everyone is protecting their lifeline," said Ţiriac during the "After 20 Years" show on ProTV. Read more on ZF.ro
|
Latest news in category Economy
The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...
Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...
The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...
|
|
