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,...
Tag : Romanian economy
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,...
Romania Has the Biggest Retail Trade Volume Growth in EU in July
Not only that, but Romania is the only country in the South-Eastern Europe which registered an increase in the retail trade volume year-on-year for July,...
Fitch: Level of Pension Hike in Romania Affects Country’s Rating
The amount by which Romania’s government will hike pensions in September and the level of political volatility are key to fiscal prospects for Romanian economy,...
Romania Could Use Turkish Infrastructure for Natural Gas Extraction at Black Sea
Recently, Turkish president, Recep Tayyip Erdoğan, announced that Turkey discovered an important natural gas deposit under the Black Sea. The quantity of the natural gas...
Romanian Hospitality Employees Protest Against the Restrictions to Work
Romania is one of the last countries in EU to refuse the re-opening of the restaurants. In fact, even Spain, Italy or France, countries which...
Romania’s Economy Falls 12.3% in Q2
Romania’s economy falls 12.3% in Q2 as compared to Q1 2020. Year to year, the fall in Q2 2020 as compared to Q2 2019 is...
