Government will ask state-owned companies for additional dividends
Prime Minister Ludovic Orban said that the Romanian government is currently analyzing the investment plans of state-owned companies, including those…
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Economics&Markets
EC supports Romania in transition to “green” economy
The European Commission has approved all requests submitted by 18 Member States, including Romania, for support in preparing their territorial…
Romania could register an economic decline of 6% this year
Bogdan Tudorache Romania could suffer an economic decline of 6% this year. According to a preliminary Eurostat estimate, the Gross…
Cîțu: The economic recovery will start in Q3
The economy will have a strong contraction this year, but the recovery will start in the third quarter and everyone…
Minister of Finance: We will not access any loan from any international institution that comes with conditionalities
Romania will not access any loan from international institutions if it comes with conditionalities, said on Tuesday the Minister of…
PwC: 64% of companies plan new safety measures when reopen work sites and 47% will make remote work a permanent option
Almost two-thirds (64%) of the respondents globally plan new safety measures and requirements for employees in order to return to…
Liberty Galati donates cutting-edge disinfection equipment to local paramedics
Liberty Galati (Sidex) takes further its efforts in supporting the local medical system, helpinjg it to bear the pressure of…
The German business community is calling for the urgent introduction of the flexible work system, Kurzarbeit
Bogdan Tudorache The introduction of the flexible work system, Kurzarbeit, is absolutely necessary for Romania, especially in view of the…
Covid-19 support to Europe and Central Asia from World Bank tops $1.4 Billion
To date, the World Bank has committed more than $1.4 billion to help countries in Europe and Central Asia mitigate…
3 Green Deal priorities – renewable energy, clean mobility, energy efficient houses
EU energy ministers express strong support for the European Green Deal as an essential part of the EU’s recovery strategy…
MEEMA has decided to extend the application period for the Start-Up Nation by three months
The Ministry of Economy, Energy and Business Environment has decided to extend by three months the period in which the…
Frames survey: 78% of entrepreneurs do not trust the plan to support the economy
Bogdan Tudorache About 78% of entrepreneurs surveyed by the consulting firm Frames do not trust the plan to support the…
The Fiscal Council estimates a deficit of 7.45% of GDP in 2020
The Fiscal Council considers that the macroeconomic scenario based on the Government, built on a decline in real GDP by…
Moody’s estimates decline of only 5% for Romania’s GDP
Moody’s Investors Service expects Romania’s government deficit to reach 7.7% of GDP in 2020, while the level of debt as…
PwC: Global companies report USD 42 bln. in losses due to cyber fraud in the last 2 years
The value of losses reported by global companies due to cyber fraud amounts to USD 42 billion in the last…
Energy Transition: CEEP asks for more, fresh money and better allocations
The costs of the energy transition are enormous and there is a clear need to increase the spending for the…
Virgil Popescu promises that Romania will not return to the old pre-crisis economy
Romania is preparing to get out of quarantine but officials say the economy will not be the same, their intention…
EBRD has a new country strategy for Romania; focus on infrastructure, productivity growth and the financial sector
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved on Friday the new strategy for…
Cîţu: Romania’s economy will emerge from this crisis better than we expect
The Minister of Finance, Florin Cîţu, said that the Romanian economy will emerge from this crisis better than expected and…
Eurostat: Romania had in 2019 the largest public deficit in the EU, of 4.3% of GDP
The public deficit increased both in the euro area and in the European Union in 2019 compared to 2018, but…
The unemployment rate fell to 3.9% in 2019
The unemployment rate decreased last year to 3.9%, from 4.2% in 2018, and unemployment affected to a greater extent the…
Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
Cîţu: We can return at the “stable” perspective, I think, at the next evaluation of Fitch
Romania’s rating outlook will return to “stable” at the next evaluation of the Fitch Ratings, if the programs we have…