PwC: Romania will have the fastest recovery of car sales in Central Europe, after the decline of 2020
Romania could record the largest decrease in sales of new passenger cars and light commercial vehicle (LCV) in Central Europe…
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Economics&Markets
CFA Romania: Impact of the pandemic to last until next summer
The average exchange rate of the leu for the end of January 2021 is of 4.9 lei/euro and in July…
Exxon Mobil has been replaced in the Dow Jones Stock Exchange by a software company
Oil giant Exxon Mobil, which has been among the top 30 companies in the Dow Jones Industrial Average since 1928,…
Competition Council will publish a blacklist of companies that have been sanctioned for rigging tenders
The Competition Council will publish in the next period a black list of economic operators who have been involved in…
Emerson increases its investments in Cluj
Emerson, a global technology, engineering and production company based in the USA, is expanding its investments and presence in Cluj-Napoca,…
Budget deficit rose to 4.7% of GDP after the first seven months of 2020
The execution of the general consolidated budget in the first seven months of 2020 registered a deficit of 49.68 billion…
Minister of Economy, about saving COS Targoviste: A scenario is the conversion of debts into shares
The Minister of Economy, Virgil Popescu, said on Tuesday, in Găeşti, Dâmboviţa County, that one of the scenarios considered for…
Accenture: 92% of CEOs will accelerate investment in digital transformation and technologies such as Cloud or Artificial Intelligence
As the impact of COVID-19 is felt more and more, companies are focusing on recovery, but only those that accelerate…
Energy industry calls for fixing ambitious expansion path in reform of Germany’s renewables act
German energy industry association BDEW says a steady expansion of renewable power capacity is necessary for the country to reach…
4 bln. euro for Romania under the SURE Instrument
European Commission has presented to the Council proposals for decisions on granting financial support, amounting to 81.4 billion euros, under…
Private equity funds in Central Europe are at their lowest level
Central European private equity funds have reached the lowest level of confidence since the global financial crisis in the context…
Cîţu: An amount of 10.77 billion lei has been allocated, in addition, to support jobs
The Ministry of Labor and Social Protection received 3.57 billion lei more than the initial budget, and the Unemployment Insurance…
Cîţu: At the moment I do not see a need for new issuances on the international markets
Romania will end the year 2020 with a smaller deficit than the European Union countries and will be the country…
MFE invited over 1,100 participants to consultations on the allocation of the 31 bln. euro
The Ministry of European Funds (MFE) has invited over 1,100 participants to transparent public consultations, following which it is decided…
Adjustment of the economy in the second quarter, the most severe pace since the early 1990s
Statistics show an adjustment of the economy in the second quarter of this year at the most severe pace since…
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…
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…
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…
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…
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…