Isărescu: The EU recovery package will have an important contribution in supporting our relaunch efforts
The future economic situation will depend mainly on developments in public health and their succession, and the EU recovery package…
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Economics&Markets
INS: The seasonally adjusted unemployment rate rose to 4.8% in April 2020
The unemployment rate in Romania rose to 4.8% in April 2020, equaling the level of the second half of 2017,…
The number of companies that went into insolvency fell by 33% in the first four months
The number of suspended companies decreased by 39% in the first four months, compared to the same period last year,…
The post-pandemic economic crisis, an endemic recovery process and a catatonic year
Bogdan Tudorache Following the 2008 crisis, global economies have recovered gradually but differently, with the most affected being the emerging…
Holcim maintained its activity in Romania with no incidents caused by Covid-19
“During this period, our first thought was the safety of employees,” said Horia Adrian, executive director of Holcim Romania. “We…
EU recovery fund has green strings attached
The European Union’s proposed €750 billion fund to help the bloc recover from the coronavirus crisis will have green strings…
EU boosts ‘just transition fund’, pledging €40 billion to exit fossil fuels
The European Commission has increased five-fold its proposed EU fund to wean carbon-intensive regions off fossil fuels, with fresh cash…
Convergence program 2020: A 14% cut in economic activity in Q2 is estimated
The Romanian economy will register a severe reduction of activity in the second quarter of this year (Q2), of 14.4%,…
World Bank Group: 100 Countries Get Support in Response to COVID-19 (Coronavirus)
The World Bank Group announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to…
Anastasiu (AHK): Romania’s economy will no longer afford a total quarantine if we have a second wave
Romania’s economy will no longer afford new quarantine measures if there is a second wave of positive cases with coronavirus,…
Over 150 global corporations urge world leaders for net-zero recovery from COVID-19
About 155 companies — with a combined market capitalization of over US$ 2.4 trillion and representing over 5 million employees…
Cîţu: The European Economic Recovery Plan must be implemented quickly and without unnecessary conditionality
The European Economic Recovery Plan must be implemented quickly, without unnecessary bureaucracy and conditionality, focusing on high priorities, investment, the…
Cîţu: Romania managed an economic growth in real terms of 0.3%, which translates into an annual growth rate of 2.7%
The private sector in particular and the economy in general responded perfectly to the measures implemented by the government since…
Moneycorp: Economic recovery depends on stimulating FDI and exports
Romania must focus on encouraging domestic production and exports, in the context in which opportunities for “made in Romania” products…
EC: Public consultation on the trans-European energy infrastructure
The European Commission has launched on May 18th a public consultation to seek input on the revision of the Regulation…
Kurzarbeit model, discussed with employers and unions
The Kurzarbeit model (flexible work) was discussed with employers and unions, but was also presented to the Prime Minister and…
Steven Van Groningen: The forecast 6% GDP contraction is quite strong
The contraction of Romania’s Gross Domestic Product by 6%, estimated for this year, is quite strong, but we hope it…
Johan Gabriels, Ebury: We will enter soon the lending segment
Ebury came in the Romanian market two years ago, operating international money transfers and FOREX risk management. Now they are…
Foreign direct investment amounted to a negative net value of 551 mln. euros in Q1
Foreign direct investments amounted to a negative net value of 551 million euros in the first three months (Q1), compared…
The annual inflation rate fell to 2.7% in April
The annual inflation rate fell to 2.7% in April this year, from 3% in March, even if food prices rose…
CFA anticipates an economic impact of the crisis up to Q1 2021
More than a third of CFA Romania analysts anticipate that the economic impact of coronavirus will be felt strongly by…
Romania’s GDP, higher in 2019 than that of the Czech Republic or Portugal
According to Eurostat, Romania’s Gross Domestic Product in 2019 was of about 223 billion euros in current prices, above that…
Gov’t approved the fiscal amnesty proposed by the Ministry of Finance
The government has approved the tax amnesty proposed by the Ministry of Finance for interest, penalties and other accessories due…