INS: The seasonally adjusted unemployment rate rose to 5.2% in May 2020
The unemployment rate in Romania rose to 5.2% in May 2020, at the level of the first part of 2017,…
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Economics&Markets
EC: 800 mln. euro support for Romanian companies affected by the pandemic
European Commission approved on Thursday a scheme worth four billion lei (approximately 800 million euros) to support Romanian companies affected…
Government is introducing the Kurzarbeit program
The reduced work program “Kurzarbeit”, applied in Germany, will be introduced in Romania, under the title ”Flexible work program”. The…
Impetum: Managers estimate a two-speed return
Bogdan Tudorache Approximately 75% of the managers surveyed by Impetum Group consider that the economy is affected by crisis and…
EC proposed an EU budget for 2021 focused on the recovery of Europe
The European Commission proposed an EU budget of EUR 166.7 billion for 2021, which will be complemented by grants of…
Eurostat: Impact of pandemic on services sector felt less in Bulgaria and Romania in Q1
In the first quarter of 2020, compared to the last three months of 2019, the volume of services in the…
Bodu: The Sovereign Fund could be set up next month
The government’s decision to create Romania’s Sovereign Fund could appear in the Official Gazette in about three weeks, said Sebastian…
Chiriţoiu: Romania will be part of the trend of takeover of European companies by those outside the EU
Romania, as a member state of the European Union, will be part of the economic trend through which large companies…
R. L. Morningstar: Romania’s critical role in Transatlantic Energy Cooperation
HE Richard L. Morningstar was once again our guest, for the 6th edition of Energy Strategy Summit, on June 30th!…
IMF predicts an even darker scenario for world economy and expects worst recession since the Great Depression
With more than 12,000 billion USD worth of losses for the world economy in 2020 and 2021 due to the…
Romania will face the worst quarterly contraction in 20 years
Bogdan Tudorache Euler Hermes predicts that Romania’s economy will record the worst quarterly contraction in more than 20 years in…
Fiscal Council estimates, in a median scenario, an economic fall of 4-6% this year and a budget deficit of 8-9%
The Fiscal Council estimates, in a median scenario, an economic fall of 4-6% this year and a budget deficit of…
Iohannis: We are struggling to get a considerably bigger funding in the next EU budget
President Klaus Iohannis said on Friday that he wants a considerably higher amount for Romania in the next budget of…
Romania is among the EU countries with the highest annual inflation rate in May
The annual inflation rate in the euro area fell to 0.1% in May 2020, from 0.3% in April 2020, while…
Codîrlaşu (CFA): If we fail to stop the medical crisis we will re-enter the complete “lockdown”
Romania will enter a complete “lockdown” if it fails to stop the medical crisis and a second establishment of the…
PwC: 60% of CFOs worried about the possibility of a new pandemic wave
Almost 60% of the CFOs are concerned about the possibility of a new wave of infection, but equally make plans…
Gov’t wants to allocate unspent funds from PNI, of 165 mln. euro, to a new investment fund
Bogdan Tudorache PNI includes 29 investments, but only four of them obtained financing. At the government meeting on June 16,…
Spain underpins car sector bailout with green goals
The Spanish government unveiled on Monday (15 June) a €3.75 billion aid package for the domestic auto industry, which includes…
Eurostat: Hungary and Romania, the most significant decline in industrial production in the EU in April
Industrial production fell by 17.1% in the euro area and by 17.3% in the European Union in April compared to…
FDI in sharp fall during the first four months
Foreign direct investments amounted to a negative net value of 454 million euros in the first four months, compared to…
About 1 million people lost their jobs in Romania due to COVID-19
The number of unemployed people in Romania, due to the Coronavirus, is about one million, taking into account the suspended…
Adrian Vasilescu: The avoidance of an economic contraction in the third quarter depends on external demand
The strategy advisor of the governor of the National Bank of Romania, Adrian Vasilescu, appreciates that Romania can avoid an…
Cîţu: Next Generation EU is an ambitious economic recovery tool
Next Generation EU, worth 750 billion euro, is an ambitious economic recovery tool, which we must implement quickly and efficiently,…