Published at: 2019-04-16 12:33 | Author: Amelia Turp-Balazs
Many analysts believe new legislation that taxes bank assets will see credit dry up, particularly for SMEs, in 2019
There’s a joke currently doing the rounds in Romania which rather sums up public attitudes towards the current state of the economy. What does a euro say when it enters a Romanian bank? Answer: Give me five! It’s a reference to the sharp fall in the value of leu since the beginning of 2019. At the end of January, the leu/euro exchange rate hadn’t quite reached five (it stabilized at around 4.75 leu to the euro), but many are concerned that there’s still room to fall. The currency’s devaluation i...

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