IMF: the Worst Recession Ever Expected in 2021
While world governments are confident that the economy will recover in 2021, the latest estimations of the International Monetary Fund show that the global economy...
Tag : Romanian economy
Romanian Economy Severely Hit by Crisis, Q3 Data Confirm
Romanian economy is severely hit by the crisis. Q3 2020/2019 indicate a decline of 6%, second only to Spain who registered an even bigger decline,...
Romanian Economy Expected to Recover in 2021, Unemployment to Grow
European Commission expects the Romanian economy to recover in 2021, along with all the other European countries, but the unemployment is expected to grow to...
Romanian PM: Romania Does NOT Negotiate With IMF for a New Agreement
Romanian PM, Ludovic Orban, answered one difficult question: Does Romania negotiate with the IMF for a new deal? Early predictions assumed the country would ask...
Fitch Rating, Moody’s Affirm Romania’s Rating at BBB-
Both Fitch Rating and Moody’s maintain the rating for Romania, at BBB- with a negative outlook. Also, the third internationally recognized rating agency, Standard and...
CEC Bank Receives Financing of 50 Million Euros
CEC Bank has concluded a new financing agreement with the European Investment Bank (EIB), thus being the first bank in Romania to access the financing...
Romania: Close to 500,000 Jobs Lost during Pandemic
Despite the optimism displayed by the Minister of Labor, the pandemic toll is rather high regarding the jobs lost. According to the latest numbers, Romania...
After Fitch, Standard & Poor’s Warns Romania on Pension Hike Decision
We believe that if the pension hike will stand, Romania will have bitten off more than it can chew, fiscally speaking. Standard and Poor’s statement,...
Romanian President: Romania Could Lose EUR 3 Billion If Law For Pension Hike Is Promulgated
Klaus Iohannis, the Romanian president, warned in a press conference that Romania could lose 3 billion EUR in European funds if the law regarding pension...
Romanian New Currency RON Reaches New Historical Low
A week before local elections to be held on September 27 in Romania, the national currency, RON, reaches a new historical low. One Euro, the...
