Romanian PM to Present Economy Relaunch Program on July 1
Romanian PM Ludovic Orban finally made the announcement waited by the Romanian entrepreneurs. On July 1 he will present the relaunching program of the Romanian...
Tag : Romanian economy
Romanian Hospitality Business Owners to Sue Romanian Government if the Restaurants Do Not Reopen
Romanian hospitality business owners announced that they will sue the Romanian Government for undermining the national economy, if the restaurants from the hotels do not...
Romanian PM Tells EU Ambassadors ‘Economy Is a Priority’, Does the Opposite in the Country
On Tuesday, June 9, Romanian PM had an intervention during a video conference organized by the Croatian presidency of the EU with the EU states...
Romania Avoids Being Downgraded to Junk by S&P
Standard&Poor’s Global Rating decided on Friday, June 5, to maintain Romania’s rating at BBB-/A-3, with a negative outlook. The decision of the American rating agency...
Romania to Access EUR 5 Billion from SURE to Mitigate Unemployment Risk
According to the Romanian minister of Finance, Romania is to access EUR 5 billion from SURE, the European instrument proposed by the European Commission. SURE...
First Signs of Recession in Romania in 2020. Is the Government Able to Avoid It?
Romania was on a good economic trend before the COVID-19 pandemic. The GDP had been increasing for the last 3 years in a row and...
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...
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...
