The 3-month ROBOR index has risen to its highest level in nine years
The 3-month ROBOR index, according to which the cost of most loans is calculated, rose on Friday to 3.78% per…
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Economics&Markets
Elisei, Deloitte: I don’t see taxonomy as good news, but as an alarm signal
The EU taxonomy is rather an alarm signal, as it announces the last days of unsustainable investments, says Sorin Elisei,…
NBR: Inflation will exceed 11% in June, amid rising energy prices
The annual inflation rate is expected to sharply increase in the second quarter of 2022, to 11.2% in June, compared…
Economy Ministry announces new policies for the production of electric cars in Romania
The Ministry of Economy is considering the elaboration of public policies for the development of the electric and hybrid car…
AHK Romania urges the Government to urgently amend the measures of GEO 118
The energy crisis requires targeted solutions instead of general measures that can lead to discriminatory treatment among the population, but…
Ghinea: Department for Monitoring Programs, a superstructure that will affect the implementation of PNRR
Cristian Ghinea, USR’s public policy coordinator, says that the Department for Integrated Evaluation and Monitoring of Funds Funded from Public…
Cîțu: Romanian economy risks going into recession
Romania risks falling into recession if actions are not taken, says former Prime Minister Florin Cîţu, after the INS announced…
Finance announces “mix of measures” so inflation doesn’t hit double-digit
The Minister of Public Finance, Adrian Câciu, hopes that at the beginning of March the Government will have prepared a…
C-Bank forecasts inflation of 9.6% by year-end
The central bank of Romania (BNR) forecasts an inflation rate of 9.6% by the end of this year, of which…
OECD: Romania’s economic growth is solid, but the risks are high
The growth of Romania’s economy is solid, but the risks are high, according to the study dedicated to Romania “Economic…
PwC: Romanian companies estimate that the economy will evolve better in 2022
The perception of 59% of the general managers of Romanian companies is that, in 2022, the national economy will have…
ECA: Insufficient EU contribution to energy efficiency in companies
More than 2 billion euro in European Union (EU) funding to help businesses save energy has made a modest contribution…
Unions demand an annual price cap, at the December 2020 levels
Four employers’ confederations and five trade union confederations on Monday called on the head of government to cap electricity and…
Foreign direct investment rose by more than 186% in the first 11 months of 2021
Direct investments of non-residents in Romania rose by 186.44% in the first 11 months of 2021, to 6.866 billion euros,…
World Bank: Romanian economy expected to advance 4.3% this year
The Romanian economy is expected to grow by 4.3% this year, compared to a 4.5% advance forecast in June 2021,…
Ministry of Energy published the list of investments that can be financed from PNRR and the Modernization Fund
The Ministry of Energy has published the list of investments that can be financed starting this year with funds from…
NBR: 70% of the inflation index component is determined by energy prices
The National Bank of Romania is trying to anchor inflationary expectations, by raising the monetary policy interest rate and to…
Romania’s GDP increased in 2021 by 17 bln. euro compared to 2019, at a record level
Romania’s Gross Domestic Product increased in 2021 by 17 billion euro, as compared to 2019 and reached almost 1,190 billion…
Nagy-Bege: It is clear that we are in the middle of a crisis, competition in the retail market has disappeared
Prices have passed from an extreme value to another, and currently they have reached values that were unimaginable two years…
Leonardo Badea, BNR: The effect of rising energy prices cannot be controlled by monetary policy measures
We live in an increasingly complex world where priorities are different and therefore include characteristics of economies that we would…
Concordia: Romania’s budget cannot be based on exorbitant taxes imposed overnight
The additional taxation of those that already pay taxes, called by the representatives of the governing coalition “of solidarity”, appeared…
Europe’s car industry will lose 500,000 jobs as a result of switching to electric vehicles
Switching to exclusive use of electric vehicles and abandoning those with internal combustion would lead to the loss of half…
Romania received the first tranche of PNRR, worth almost 1.9 bln. euro
On Thursday, Romania received the first tranche of the National Recovery and Resilience Plan (PNRR), amounting to 1.851 billion euro,…