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...
Tag : Romanian economy
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...
China, EU Countries Register Industrial Production Growth
The industrial production growth is a good sign for the recovery of the global economy since the beginning of the Covid-19 pandemic. Worldwide, the regional...
Will Romania Ask for an IMF Deal?
If an external observer watched the Romanian officials declarations, he would notice the opinions are drastically divided. On one side we have the Romanian Government,...
