November 24, 2011
Last Monday the Austrian banking supervisors, the FMA and the Austrian National Bank (OeNB) announced measures that may limit the possibility of subsidiaries of Austrian banks to continue to extend credit under certain circumstances. These measures came as a total surprise to all involved. President Basescu has made strong statements about this at The Economist’s Bucharest […]
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November 2, 2011
The Romanian Foreign Investors Council (FIC) is an association of foreign investors aiming at improving the investment climate in Romania. Last year it proposed to the government a series of 80 measures in its “Program for Growth”, in order to stimulate economic growth. The government is not obliged to listen to the FIC, of course, but […]
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