Iohannis talks about gradual easing of the measures of economic restriction and movement of people from May 15
President Klaus Iohannis announced a gradual easing of measures to restrict economic activity as well as travel restrictions. Thus, after…
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Economics&Markets
Banks are increasingly moving towards the idea of sustainable financing
Large energy companies, including from the oil and gas industry, are reorienting themselves to energy production from unconventional sources. Even…
Valentin Tătaru, ING: We anticipate a 6.6% contraction in GDP for the current year
If in Italy the activity decreased to 58%, in France, to 65%, in Romania the economic activity is somewhere between…
Energy companies, forced to make investments to relaunch economy after health crisis – Minister’s order
Each energy company under the authority of the Ministry of Economy, Energy and Business will be obliged to adopt until…
INS: The share of economic agents whose activity is reduced by more than 25% rose in April to 45%
The share of economic agents whose activity is reduced by more than 25% increases from 33.3% in March 2020 to…
EY: More than half of business leaders believe that the recovery period will extend to 2021
Nearly three-quarters (73%) of global executives estimate that the COVID-19 pandemic will have a strong impact on the economy, and…
EPG: Emergency short-term solutions should be combined with measures for a smooth and sustainable post-crisis recovery
EPG pleads for the need of an economic recovery plan as response to the Covid-19 crisis, especially in Romania and…
Andrei Căvescu, AON Romania: The new risks are now insurable too
The legislative risk is among the biggest risks that may lead to financial risks, according to the Global Risk Management…
INS: The turnover in the industry increased by 4.3% in the first two months
Industry business increased by 4.3% in the first two months of 2020, compared to the same period last year, following…
The current account deficit increased by 84% in the first two months of 2020
The deficit of the current account of the balance of payments increased by 84.65% in the first two months of…
Foreign direct investment decreased by over 70% in the first two months of 2020
Foreign direct investments fell by 70.86% in the first two months of this year, to 409 million euro, compared with…
IMF predicts that Romania’s economy will shrink by 5% in 2020
The International Monetary Fund (IMF) has revised significantly the estimates of the evolution of the Romanian economy this year, in…
EC approves a 3.3 bln. euro aid scheme for Romania, aimed at supporting SMEs
The European Commission approved on Saturday an aid scheme for Romania worth 16 billion lei (about 3.3 billion euro), aimed…
More than 1.04 million labor contracts have been suspended since the declaration of state of emergency
A number of 1,046,527 individual employment contracts have been suspended since the entry into force of the state of emergency…
Aid package for SMEs worth 750 mln. euro
Romania discusses in Brussels a package of direct support for SMEs worth 750 million euro, says Minister of Economy, Energy…
French investors in Romania predict a limited impact of the crisis on turnover
The member companies of the French Chamber of Commerce, Industry and Agriculture in Romania perceive a limited impact of the…
Virgil Popescu: The economy has a contraction of 30-40%
The economy has a contraction of between 30 and 40%, and after the peak of the epidemic has been reached…
The annual inflation rate remained at 3% in March
The annual rate of inflation remained at 3% in March of this year, given that food commodities increased by 5.11%,…
The SME aid scheme should become operational next week
The aid scheme for SMEs should become operational next week, with banks having time until Monday to register, said Finance…
EU provides financial support of over 15.6 billion euro to partner countries
The European Commission presented plans for a strong and well-targeted response from the European Union to support the efforts of…
CFA Romania: The economic impact of coronavirus will be strongly felt until Q4
Almost half of CFA Romania’s analysts (48%) anticipate that the economic impact of coronavirus will be strongly felt by the…
World Bank forecasts that Romania will register a growth of 0.3% in 2020
The World Bank has revised significantly the estimates of the Romanian economy’s advance this year, up to 0.3%, from 3.8%…