Virgil Popescu promises that Romania will not return to the old pre-crisis economy
Romania is preparing to get out of quarantine but officials say the economy will not be the same, their intention…
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Economics&Markets
EBRD has a new country strategy for Romania; focus on infrastructure, productivity growth and the financial sector
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved on Friday the new strategy for…
Cîţu: Romania’s economy will emerge from this crisis better than we expect
The Minister of Finance, Florin Cîţu, said that the Romanian economy will emerge from this crisis better than expected and…
Eurostat: Romania had in 2019 the largest public deficit in the EU, of 4.3% of GDP
The public deficit increased both in the euro area and in the European Union in 2019 compared to 2018, but…
The unemployment rate fell to 3.9% in 2019
The unemployment rate decreased last year to 3.9%, from 4.2% in 2018, and unemployment affected to a greater extent the…
Minister of Economy: In the short term Romania will not be affected by the drastic drop in US oil prices
Romania will not be affected, in the short term, by the drastic drop in the price of oil in the…
Cîţu: We can return at the “stable” perspective, I think, at the next evaluation of Fitch
Romania’s rating outlook will return to “stable” at the next evaluation of the Fitch Ratings, if the programs we have…
Iohannis talks about gradual easing of the measures of economic restriction and movement of people from May 15
President Klaus Iohannis announced a gradual easing of measures to restrict economic activity as well as travel restrictions. Thus, after…
Banks are increasingly moving towards the idea of sustainable financing
Large energy companies, including from the oil and gas industry, are reorienting themselves to energy production from unconventional sources. Even…
Valentin Tătaru, ING: We anticipate a 6.6% contraction in GDP for the current year
If in Italy the activity decreased to 58%, in France, to 65%, in Romania the economic activity is somewhere between…
Energy companies, forced to make investments to relaunch economy after health crisis – Minister’s order
Each energy company under the authority of the Ministry of Economy, Energy and Business will be obliged to adopt until…
INS: The share of economic agents whose activity is reduced by more than 25% rose in April to 45%
The share of economic agents whose activity is reduced by more than 25% increases from 33.3% in March 2020 to…
EY: More than half of business leaders believe that the recovery period will extend to 2021
Nearly three-quarters (73%) of global executives estimate that the COVID-19 pandemic will have a strong impact on the economy, and…
EPG: Emergency short-term solutions should be combined with measures for a smooth and sustainable post-crisis recovery
EPG pleads for the need of an economic recovery plan as response to the Covid-19 crisis, especially in Romania and…
Andrei Căvescu, AON Romania: The new risks are now insurable too
The legislative risk is among the biggest risks that may lead to financial risks, according to the Global Risk Management…
INS: The turnover in the industry increased by 4.3% in the first two months
Industry business increased by 4.3% in the first two months of 2020, compared to the same period last year, following…
The current account deficit increased by 84% in the first two months of 2020
The deficit of the current account of the balance of payments increased by 84.65% in the first two months of…
Foreign direct investment decreased by over 70% in the first two months of 2020
Foreign direct investments fell by 70.86% in the first two months of this year, to 409 million euro, compared with…
IMF predicts that Romania’s economy will shrink by 5% in 2020
The International Monetary Fund (IMF) has revised significantly the estimates of the evolution of the Romanian economy this year, in…
EC approves a 3.3 bln. euro aid scheme for Romania, aimed at supporting SMEs
The European Commission approved on Saturday an aid scheme for Romania worth 16 billion lei (about 3.3 billion euro), aimed…
More than 1.04 million labor contracts have been suspended since the declaration of state of emergency
A number of 1,046,527 individual employment contracts have been suspended since the entry into force of the state of emergency…
Aid package for SMEs worth 750 mln. euro
Romania discusses in Brussels a package of direct support for SMEs worth 750 million euro, says Minister of Economy, Energy…