financial crisis

While most people were relaxing over the weekend, financial institutions were working around the clock to come up with a solution for Credit Suisse Bank whose faith was in the balance. Sunday night the news came that UBS bought its troubled…

32% of respondents are halting planned investments due to geopolitics; 89% will look to leverage deals over the next 12 months to secure growth; Investment in sustainability and talent seen as ways to emerge stronger from…

The economic conditions will worsen over the coming months, according to 86% of the participants to the Deloitte Private Equity (PE) Confidence Survey, as COVID-19, the war in Ukraine and inflation are impacting purchasing, supply chains…

The COVID-19 pandemic continues to change Romanians' perceptions of the risks they face. Thus, they mostly fear a possible economic or financial crisis that would affect their income. In addition, the most frequently mentioned risks…

Opinion article by Dimitrios Goranitis, Risk Advisory Partner, Deloitte Romania, and leader of the financial services industry. The Banking Union was Eurozone’s response to the financial crisis of 2010. It became apparent to…

The global economy will shrink by around -0.5% this year after the exceptional first-half disruption caused by the Covid-19 pandemic with cyclical and structural implications for sovereign credit profiles, says Scope Ratings. Covid-19…

Last week, policy makers stepped up, as containment measures could cost between 0.7pp to -3.0pp of GDP growth depending on the country and the severity of the lockdowns, an Euler Hermes-Alliance research points out. Next to steps aimed at…

The fiscal and legislative uncertainties of the past year have affected the investment plans of 57% of the companies based in Romania, according to a EY Romania barometer. 92% of the respondents think that Romania would be "totally…

The Romanian Association of Banks (ARB) and the Banking Employers Council in Romania (CPBR) have sent an ‘open letter’ regarding the negative consequences generated by the second fiscal revolution, by implementing new taxes on the banking…

The number of insolvencies has increased five-time in Romania in the past ten years after the financial crisis, according to latest statistics released by CTIR (former Casa de Insolventa Transilvania) on Tuesday. Most affected companies are…