Romanian economy Archives - Page 20 of 21

Romanian Hospitality Business Owners to Sue Romanian Government if the Restaurants Do Not Reopen

Valahia.newsJune 10, 2020June 10, 2020

by Valahia.newsJune 10, 2020June 10, 20200112

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...

Economy Politics Romanian News

Romanian PM Tells EU Ambassadors ‘Economy Is a Priority’, Does the Opposite in the Country

Valahia.newsJune 9, 2020June 10, 2020

by Valahia.newsJune 9, 2020June 10, 20200192

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...

Economy Finance International News Romanian News

Romania Avoids Being Downgraded to Junk by S&P

Valahia.newsJune 6, 2020June 6, 2020

by Valahia.newsJune 6, 2020June 6, 20200205

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...

Economy Finance Romanian News Social

Romania to Access EUR 5 Billion from SURE to Mitigate Unemployment Risk

Valahia.newsJune 5, 2020June 6, 2020

by Valahia.newsJune 5, 2020June 6, 2020083

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...

Economy Romanian News

First Signs of Recession in Romania in 2020. Is the Government Able to Avoid It?

Valahia.newsJune 2, 2020June 23, 2020

by Valahia.newsJune 2, 2020June 23, 20202 565

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...

Economy International News Romanian News

Renault To Announce 15,000 Layoffs, Romanian Dacia Car Plant Affected

Valahia.newsMay 29, 2020May 29, 2020

by Valahia.newsMay 29, 2020May 29, 20200121

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...

Economy Romanian News

Study: How Serious Is the Situation of the Romanian Hospitality Industry?

Valahia.newsMay 27, 2020June 6, 2020

by Valahia.newsMay 27, 2020June 6, 20200295

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...

Economy Finance International News Opinion Romanian News

Analysis: Why Romania’s Private Consumption Creates ‘Miracles’ for GDP

Valahia.newsMay 22, 2020June 6, 2020

by Valahia.newsMay 22, 2020June 6, 20200408

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...

Economy Finance Romanian News

The Failure of the Romanian Program for Helping Crisis Affected SME – ‘IMM Invest’

Valahia.newsMay 16, 2020June 6, 2020

by Valahia.newsMay 16, 2020June 6, 20200198

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...