Romania’s economy contracted by 12.3% in Q2
Romania’s economy recorded a decline of 12.3% in the second quarter of this year (Q2) as compared to the first…
Acasă » General Interest »
General Interest
Gov’t approves the budget correction by emergency ordinance
Bogdan Tudorache The government will approve an Emergency Ordinance on Friday, which will bring some necessary changes to implement the…
eMag invests 90 mln. Euro in a “green” logistics center of 130,000 sqm
Online retailer eMag is investing 90 million euro in a new 130,000 sqm logistics center, located at kilometer 19 of…
Foreign direct investment fell to 352 million euro in H1
The direct investments of non-residents in Romania decreased to 352 million euro in the first half of this year (H1),…
PwC: 53% of entrepreneurs in CEE predict revenue declines over the next 12 months and only 7% expect growth
More than half (53%) of Central and Eastern European (CEE) entrepreneurs predict revenue declines over the next year due to…
Alexe: Parliament approves compost law, recycling awareness campaigns to be launched
Parliament recently approved the compost law, so all Romania’s territorial administrative units are required to organize separate collection of the…
Industry revenue fell 14% in the first six months, energy industry – decline of more than 30%
Total industry turnover (internal market and external market), in nominal terms, decreased by 14% in the first six months compared…
Pandemic affected revenues and sales of more than 55% of companies
The pandemic affected revenues and sales of more than 55% of companies, and 39% had to temporarily shut down, Andrei…
Annual inflation rate rose to 2.8% in July
The annual inflation rate rose to 2.8% in July this year, from 2.6% in June, given that food prices rose…
Senate: The Energy Strategy and the PNIESC must be adopted by Parliament
The Senate adopted, on Tuesday, a draft law stipulating that Romania’s Energy Strategy and the Integrated National Plan in the…
BMW Group reaffirms outlook for full year 2020, profit of about 500 mln. EUR for H1
The BMW Group remains on course towards achieving its targets for the full year, says the company. After implementing controlled…
Mercedes-Benz and CATL team up for future battery technology
Mercedes-Benz and CATL (Contemporary Amperex Technology Co., Limited) have entered the next stage of their strategic partnership and will create…
EC investigates the 95 mln. euro aid granted by Poland to the battery manufacturer LG Chem
The European Commission (EC) has launched an in-depth investigation into Poland’s plan to provide a 95 million euro state aid…
Florin Cîţu: Half of the budget deficit in 2020 represents the cost of the economic crisis
Half of the 2020 budget deficit is the cost of the economic crisis, and this cost has two components, an…
Coronavirus accelerates European utilities’ digital drive (Reuters)
Stephen Jewkes, Christoph Steitz When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The…
The decarbonization plan of the Oltenia Energy Complex costs about 7 bln. lei
The investments involved in the restructuring plan of the Oltenia Energy Complex, the country’s second largest producer of electricity in…
Cîţu: Romania will avoid the technical recession and will have a contraction of the economy less than the estimates of the rating agencies
Romania will avoid the technical recession and will have a smaller contraction of the economy than the public estimates made…
PwC: For car production in Romania, a vulnerability in this period is the dependence on exports
A vulnerability in this period for the Romanian car production is represented by the dependence on exports, which have a…
The car market decreases by 34%, the green segment up in the first seven months (APIA)
The Romanian car market registered a contraction of 34.2% in the first seven months of the year, compared to the…
Accumulation of plastic waste amid the pandemic is a matter of concern in Europe
Falling oil prices could reduce demand for recycled plastics, which could create problems for the European Union’s plans to increase…
INS: Romania’s trade deficit increased by almost 936 mln. euro in the first six months
Romania’s trade deficit reached 8.665 billion euro in the first six months of the year, increasing by 935.7 million euro…
ELECTRICA Time of change
The Electrica Group is going through major transformations, meant to modernize companies, to unify them digitally, to increase efficiency and…
