Renault To Announce 15,000 Layoffs, Romanian Dacia Car Plant Affected
The French carmaker giant, Renault, is poised to announce 15,000 layoffs. The sales have dropped with 25% in the first three months of the year...
Tag : Romanian economy
Study: How Serious Is the Situation of the Romanian Hospitality Industry?
On March 17, the Romanian authorities decided to close hotels, restaurants and cafes as these were seen as non-essential business in the context of COVID-19...
Analysis: Why Romania’s Private Consumption Creates ‘Miracles’ for GDP
While GDP of the most EU countries significantly decrease during Q1, Romania’s GDP seems to defy the lockdown and even increase with 2.7%. Along with...
The Failure of the Romanian Program for Helping Crisis Affected SME – ‘IMM Invest’
Romanian Government tried to launch a platform to help the crisis affected SMEs on April 17: IMM Invest. This platform was supposed to collect data...
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...
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....
Poll: 70% of the Romanians Are More Concerned About the Collapse of the Economy than About COVID-19 Pandemic
70% of the Romanians are more concerned about the collapse of the economy than about the effects of the COVID-19 pandemic in Romania, shows a...
Romanian Leu among the Most Stable Currencies in the Region, But Romania’s Economy Will Suffer as Exports Decline
An analysis by the Organization for Economic Co-operation and Development (OECD) in nine countries in south-eastern Europe shows that the Romanian leu has one of...
The International Monetary Fund Estimates Romania’s Economy Will Contract by 5% in 2020
Romania’s economy could contract with 5% of GDP this year, according to the new forecast of the International Monetary Fund (IMF), published on Tuesday. The...
Romania Bans Grain Exports, Fueling Fears Of A Food Crisis
Nobody can predict what the economic crisis which will follow the medical one will look like. Moreover, nobody can predict if and when a food...
