EU climate law: MEPs ask for an 60% emissions reduction by 2030
On Wednesday, Parliament adopted its negotiating mandate on the EU climate law with 392 votes for, 161 against and 142…
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Economics&Markets
World Bank forecasts a 5.7% contraction of the Romanian economy in 2020
The Romanian economy is expected to contract by 5.7% in 2020, but will rebound by 4.9% in 2021, according to…
The Financial Director of E.ON will advise the European Commission on sustainable financing
E.ON, represented by Chief Financial Officer Marc Spieker, has been named a member of the Sustainable Finance Platform. Composed of…
Sierra Quadrant: 67% of managers rely on business restructuring
Romanian businessmen, investors, managers and employees with positions of responsibility in most economic fields look with caution at the prospects…
Ministry of Energy announces the call for projects for the Modernization Fund
Companies interested in obtaining funds to finance new investments in the energy sector can send until October 16 projects that…
EBRD worsens the forecasts regarding the economic evolution of Romania in 2020 and in 2021
The European Bank for Reconstruction and Development (EBRD) has worsened its estimates on Romania’s economic evolution in 2020 and 2021,…
CFA Romania: The exchange rate may reach the threshold of 5 lei/euro in the next 12 months
Bogdan Tudorache CFA Romania analysts anticipate a depreciation of the leu in the next 12 months of up to 4.9777…
Enel publishes the study “Circular cities – Cities of tomorrow”
Enel has just published its third study on circular cities, titled “Circular cities – Cities of tomorrow”, addressing the topic…
S+B Gruppe Romania to build a new 20,000 sq m office building on Doamnei Street in Bucharest
S+B Gruppe, a real estate company with operations in Vienna, Prague, Warsaw and Bucharest, will build a new 20,000 sq…
Virgil Popescu: I would not say that a huge crisis is coming, it is an economic crisis superimposed on the health crisis
“We are in an economic crisis, but we are in a crisis that is superimposed on a health crisis. I…
Annual inflation rate fell to 2.7% in August
The annual inflation rate fell to 2.7% in August this year, from 2.8% in July, given that food prices rose…
INS: Net investments in the Romanian economy increased by 1.5% in H1
Net investments made in the national economy amounted to 41.596 billion lei in the first half of 2020 (H1), up…
Virgil Popescu: The state aid scheme to support industrial energy consumers is functional
Companies active in Romania in sectors facing significant electricity costs and which are particularly exposed to international competition have begun…
Eurostat: Romania, among the EU countries with a significant decline in the economy in Q2
In the second quarter of 2020, still marked by isolation measures taken by most EU Member States to stop the…
Minister of Finance: The return in a ”V” shape of the economy is a certainty
The “V” shape return of the economy is a certainty and all the official data from the National Institute of…
Dan Suciu (BNR): RON is refitting to a zone of balance in the new context
The RON is refitting to a balanced area in the new context, without major fluctuations, said the spokesman of the…
Increase of industrial production prices in Romania, below the EU average, in July
Product prices at factory gate rose 0.4% in the European Union (EU) and 0.6% in the euro area in July…
Number of newly established foreign capital companies decreased by 37% in the first seven months of 2020
The number of newly established foreign capital companies decreased in the first seven months of the current year by 37%,…
Fiscal Council: The starting point of the budget deficit for 2021 would be of at least 7.5% of GDP
The starting point of the budget deficit for 2021 would be at least 7.5% of GDP, even in the conditions…
EC approves the 935 mln. euro state aid for SMEs requested by Romania
European Commission announced on Thursday that it has approved the state aid scheme worth 4.521 billion lei (935 million euro)…
Deloitte: Companies spend less than 5% of their revenue on technology
Companies around the world spend less than 5% of their revenue on technology, including so-called cutting-edge technology organizations that have…
IFC appoints new regional manager for Central and Southeast Europe
The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Ary Naïm as its Regional Manager…
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…