Steven Van Groningen: The forecast 6% GDP contraction is quite strong
The contraction of Romania’s Gross Domestic Product by 6%, estimated for this year, is quite strong, but we hope it…
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Economics&Markets
Johan Gabriels, Ebury: We will enter soon the lending segment
Ebury came in the Romanian market two years ago, operating international money transfers and FOREX risk management. Now they are…
Foreign direct investment amounted to a negative net value of 551 mln. euros in Q1
Foreign direct investments amounted to a negative net value of 551 million euros in the first three months (Q1), compared…
The annual inflation rate fell to 2.7% in April
The annual inflation rate fell to 2.7% in April this year, from 3% in March, even if food prices rose…
CFA anticipates an economic impact of the crisis up to Q1 2021
More than a third of CFA Romania analysts anticipate that the economic impact of coronavirus will be felt strongly by…
Romania’s GDP, higher in 2019 than that of the Czech Republic or Portugal
According to Eurostat, Romania’s Gross Domestic Product in 2019 was of about 223 billion euros in current prices, above that…
Gov’t approved the fiscal amnesty proposed by the Ministry of Finance
The government has approved the tax amnesty proposed by the Ministry of Finance for interest, penalties and other accessories due…
Government will ask state-owned companies for additional dividends
Prime Minister Ludovic Orban said that the Romanian government is currently analyzing the investment plans of state-owned companies, including those…
EC supports Romania in transition to “green” economy
The European Commission has approved all requests submitted by 18 Member States, including Romania, for support in preparing their territorial…
Romania could register an economic decline of 6% this year
Bogdan Tudorache Romania could suffer an economic decline of 6% this year. According to a preliminary Eurostat estimate, the Gross…
Cîțu: The economic recovery will start in Q3
The economy will have a strong contraction this year, but the recovery will start in the third quarter and everyone…
Minister of Finance: We will not access any loan from any international institution that comes with conditionalities
Romania will not access any loan from international institutions if it comes with conditionalities, said on Tuesday the Minister of…
PwC: 64% of companies plan new safety measures when reopen work sites and 47% will make remote work a permanent option
Almost two-thirds (64%) of the respondents globally plan new safety measures and requirements for employees in order to return to…
Liberty Galati donates cutting-edge disinfection equipment to local paramedics
Liberty Galati (Sidex) takes further its efforts in supporting the local medical system, helpinjg it to bear the pressure of…
The German business community is calling for the urgent introduction of the flexible work system, Kurzarbeit
Bogdan Tudorache The introduction of the flexible work system, Kurzarbeit, is absolutely necessary for Romania, especially in view of the…
Covid-19 support to Europe and Central Asia from World Bank tops $1.4 Billion
To date, the World Bank has committed more than $1.4 billion to help countries in Europe and Central Asia mitigate…
3 Green Deal priorities – renewable energy, clean mobility, energy efficient houses
EU energy ministers express strong support for the European Green Deal as an essential part of the EU’s recovery strategy…
MEEMA has decided to extend the application period for the Start-Up Nation by three months
The Ministry of Economy, Energy and Business Environment has decided to extend by three months the period in which the…
Frames survey: 78% of entrepreneurs do not trust the plan to support the economy
Bogdan Tudorache About 78% of entrepreneurs surveyed by the consulting firm Frames do not trust the plan to support the…
The Fiscal Council estimates a deficit of 7.45% of GDP in 2020
The Fiscal Council considers that the macroeconomic scenario based on the Government, built on a decline in real GDP by…
Moody’s estimates decline of only 5% for Romania’s GDP
Moody’s Investors Service expects Romania’s government deficit to reach 7.7% of GDP in 2020, while the level of debt as…
PwC: Global companies report USD 42 bln. in losses due to cyber fraud in the last 2 years
The value of losses reported by global companies due to cyber fraud amounts to USD 42 billion in the last…
Energy Transition: CEEP asks for more, fresh money and better allocations
The costs of the energy transition are enormous and there is a clear need to increase the spending for the…