500,000 Romanians Will Be Jobless in Q4, Minister of Labor Estimates
According to the Romanian minister of Labor, in the second half of the year 500,000 Romanians will be jobless. The economy is declining and the...
Month : May 2020
Romanian Law Firm Wins Important Lawsuit, Creates Precedent in Unfair Dismissal Cases
Unfortunately, it’s very common for employers to abuse the power they have over employees in the companies they run. Thus, in many cases, the employer...
Romanian Businessman Tries to Infect Himself With COVID-19, Protests Against Lockdown Measures
65 years old Romanian businessman, Viorel Catarama, one of the famous Romanian entrepreneurs, declared he wanted to get infected with the novel coronavirus on purpose....
Romanian President Says Government Has Solutions for the Economy, Forgets Mentioning Them
Romania is one of the European economies that took a strong hit during the COVID-19 pandemic. European Commission experts see a budgetary deficit of around...
First Bank, Owned by American Investment Fund J.C. Flowers, Acquired Bank Leumi Romania
First Bank Romania, owned by American investment fund J.C Flowers, completed the acquisition of Bank Leumi Romania, the subsidiary of the Israeli’s biggest bank in...
Europe Day Celebrated by E.U. Countries More Divided than Ever
Europe Day, celebrated each year on May 9 all over the European Union, but also in some other countries, is a special day this year....
Bucharest City Hall Wants to Pay Residents Who Volunteer to Get Tested for COVID-19
The Bucharest City Hall wants to pay the city’s residents who will volunteer to get tested for COVID-19. The tests will be carried out in...
Former Romanian PM: This Crisis Is Worse for Romania than the One in 2010
Victor Ponta, the former Romanian PM, issued a warning for the future of the Romanian economy and for the country’s social rest: this crisis is...
Romanian Constitutional Court: The Fines Issued during Lockdown Are Not Constitutional
After the Romanian authorities imposed the most drastic authoritarian regime in the world during COVID-19 lockdown, while fines were increased up to 4,500 USD for...
M&A Romania. The Need for Capital And Opportunities
The importance of M&A (mergers and acquisitions) in Romania M&A in Romania has in part been a driver in the economy in relation to several...
