French investors in Romania predict a limited impact of the crisis on turnover
The member companies of the French Chamber of Commerce, Industry and Agriculture in Romania perceive a limited impact of the…
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Economics&Markets
Virgil Popescu: The economy has a contraction of 30-40%
The economy has a contraction of between 30 and 40%, and after the peak of the epidemic has been reached…
The annual inflation rate remained at 3% in March
The annual rate of inflation remained at 3% in March of this year, given that food commodities increased by 5.11%,…
The SME aid scheme should become operational next week
The aid scheme for SMEs should become operational next week, with banks having time until Monday to register, said Finance…
EU provides financial support of over 15.6 billion euro to partner countries
The European Commission presented plans for a strong and well-targeted response from the European Union to support the efforts of…
CFA Romania: The economic impact of coronavirus will be strongly felt until Q4
Almost half of CFA Romania’s analysts (48%) anticipate that the economic impact of coronavirus will be strongly felt by the…
World Bank forecasts that Romania will register a growth of 0.3% in 2020
The World Bank has revised significantly the estimates of the Romanian economy’s advance this year, up to 0.3%, from 3.8%…
Businesspersons propose the Government to borrow from IMF for a public intervention of 30 billion euro in the economy
Hundreds of businesspersons in various fields such as IT, health, construction and investment funds propose the Government and the other…
Call for saving the economy from the private environment: An intervention of 15% of GDP is demanded
The largest business organizations in Romania sent an open letter to the President, Parliament and Government, which requires, among other…
Romania’s GDP increased by 4.1% in 2019, compared to the previous year (INS)
The gross domestic product (GDP) of Romania increased by 4.1% in 2019, up to the value of 1,059 billion lei…
Have your say for the new LIFE programme – consultation launched!
The European Commission has launched an online consultation to seek input on the future content and implementation of the LIFE…
The number of work contracts suspended since the declaration of state of emergency exceeded 950,000
A number of 952,929 individual employment contracts have been suspended since the entry into force of the state of emergency…
France will record the worst recession since 1945
France will register in 2020 the worst economic recession since the end of the Second World War, Economy Minister Bruno…
IMF Director: The recession caused by the coronavirus is worse than the 2008 crisis
The coronavirus pandemic has paralyzed the world economy and has thrown the world into a recession that will be “far…
Tudorel Andrei, INS: In April, businesses could contract by 40%
The volume of economic activity, as measured by the turnover of the Romanian companies could decrease this month by 40%,…
German business community calls for “Kurzarbeit” law
The second questionnaire regarding the effects of the COVID-19 pandemic on business, carried out by AHK Romania, shows that all…
Romania registered the highest increase in EU industrial production prices in February
Industrial production prices fell by 1.3% in the euro area in February and by 1% in the European Union, compared…
Maciej Jakubik, CEEP: The EU energy transition will go on, though at slowed-down pace
“The show must go on!” – this is the approach of Mr. Frans Timmermans, the EU Commission executive vice-president in…
World enters recession, as manufacturing drops
Manufacturing activity has tumbled, purchasing managers’ index (PMI) surveys showed on Wednesday, with sharp slowdowns in export powerhouses like Germany…
Deloitte: 2020, a difficult year for the M&A market
The mergers and acquisitions market (M&A) recorded 19 transactions in Romania in the first quarter of the year, four more…
Dănescu (ARB): We will have two major elements to overcome, liquidity and prudent approach
Two major elements will have to be overcome in the current crisis, namely liquidity, meaning the resource existing in the…
Mugur Isărescu: The peak of tensions generated by the COVID-19 crisis in the monetary, banking and financial field has been overcome
Bogdan Tudorache The peak of tensions generated by the COVID-19 crisis in the monetary, banking and financial field has been…
Romanian banks: A general loan moratorium could weaken system
Romanian banks are determined to help local borrowers hit by the coronavirus crisis to cope with their loan repayments, but…